NOT LISTED FOR SALE

131 E Main St Alloway, NJ 08001

Estimated Value: $266,000 - $394,000

-- Bed
-- Bath
4,024 Sq Ft
$83/Sq Ft Est. Value

Last Sold November 28, 2017

Last sale price $91,000 $23 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $2,479/month

575 Days on Market

Highlights

  • Lake Front
  • No HOA
  • En-Suite Primary Bedroom
  • Water Oriented
  • Summer or Winter Changeover Switch For Hot Water
  • Baseboard Heating

About This Home

As of November 2017

POSITIVE CASH FLOW and LAKEVIEWS are what you will find when you make the smart move to invest in this large QUADPLEX ideally located on Alloway Lake. The opportunity is open to rent all four units or occupy one and rent the other three. With a little bit of elbow grease, this 4 unit building composed of one 1 BR apt , two 2BR apts and one 3 BR apt. could become a prime investment for someone longing to have a little getaway on the LAKE and enjoy all the benefits of owning investment realestate. Large Deck overlooking the lake is shared by the two upper 2 BR units, and the screened porch and patio will be enjoyed from the 3 BR first floor unit. Some replacement windows, separate electric service, existing washers, dryers and refrigerators will be included. Side yard is fenced and paved parking area allows off street parking for all tenants. Take advantage of the opportunity to become an investor or reap the benefits of owner occupancy in the desired Alloway and Woodstown/Pilesgrove school district. Convenient to major highways and bridges to Pa and Delaware too. Make your appointment today!

Last Agent to Sell the Property

Jeanne D'Ottavi

BHHS Fox & Roach-Mullica Hill North License #893436 Listed on: 03/01/2016

BHHS Fox & Roach-Mullica Hill North

Co-Listed By

Michael D'Ottavi

BHHS Fox & Roach-Mullica Hill North

Last Buyer's Agent

Holly Wulderk-Ariza

Keller Williams Prime Realty License #1222910

Keller Williams Prime Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Lake Front
  • Property is in below average condition

Parking

  • 5 Open Parking Spaces

Home Design

  • 4,024 Sq Ft Home
  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Pitched Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Outdoor Features

  • Water Oriented
  • Property is near a lake

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Summer or Winter Changeover Switch For Hot Water
  • Well

Community Details

  • No Home Owners Association
  • Laundry Facilities
  • Operating Expense $14,332

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 01-00027-00002

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: POSITIVE CASH FLOW and LAKEVIEWS are what you will find when you make the smart move to invest in this large QUADPLEX ideally located on Alloway Lake. The opportunity is open to rent all four units or occupy one and rent the other three. With a little bit of elbow grease, this 4 unit building composed of one 1 BR apt , two 2BR apts and one 3 BR apt. could become a prime investment for someone longing to have a little getaway on the LAKE and enjoy all the benefits of owning investment realestate. Large Deck overlooking the lake is shared by the two upper 2 BR units, and the screened porch and patio will be enjoyed from the 3 BR first floor unit. Some replacement windows, separate electric service, existing washers, dryers and refrigerators will be included. Side yard is fenced and paved parking area allows off street parking for all tenants. Take advantage of the opportunity to become an investor or reap the benefits of owner occupancy in the desired Alloway and Woodstown/Pilesgrove school district. Convenient to major highways and bridges to Pa and Delaware too. Make your appointment today!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 4024
  • Living Area Sq Ft: 4024
  • Price Per Sq Ft: 22.37
  • Above Grade Finished Sq Ft: 4024
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 131

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Roof: Flat, Pitched
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5

Utilities

  • Annual Heating Expense: 4000.00
  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Oil, Hot Water, Baseboard
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3900.00
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: ALLOWAY TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396398

Lot Info

  • Improvement Assessed Value: 171600.00
  • Land Assessed Value: 56800.00
  • Lot Size Acres: 0.27
  • Lot Dimensions: 00X00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11761.00
  • Property Attached Yn: Yes
  • Property Condition: Below Average
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 2188550
  • Tax Annual Amount: 6432.00
  • Assessor Parcel Number: 01-00027-00002
  • Tax Lot: 00002
  • Tax Year: 2016
  • Close Date: 11/28/2017

MLS Schools

  • School District Name: ALLOWAY TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Dec 8, 2017
Sold by
Ranch Hope Inc
Bought by
Blue Line Brothers Llc
Seller's Agent
Jeanne D'Ottavi
BHHS Fox & Roach-Mullica Hill North
Buyer's Agent
Holly Wulderk-Ariza
Keller Williams Prime Realty
List Price
$90,000
Sold Price
$91,000
Premium/Discount to List
$1,000
1.11%
Current Estimated Value
$332,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,667
Avg. Annual Appreciation
23.14%
Original Mortgage
$127,886
Interest Rate
3.94%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 1, 2016
Closed on
Nov 28, 2017
Sold by
Ranch Hope Inc
Bought by
Blue Line Brothers Llc
Seller's Agent
Jeanne D'Ottavi
BHHS Fox & Roach-Mullica Hill North
Buyer's Agent
Holly Wulderk-Ariza
Keller Williams Prime Realty
List Price
$90,000
Sold Price
$91,000
Premium/Discount to List
$1,000
1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,886
Interest Rate
3.94%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Blue Line Brothers Llc $91,000 --
Blue Line Brothers Llc $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blue Line Brothers Llc $150,000
Closed Blue Line Brothers Llc $127,886
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2017 11/28/17 Sold $91,000 +1.1% $23 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $90,000 -1.1% $22 / Sq Ft
07/31/2017 07/31/17 Off Market $91,000 -- --
07/21/2017 07/21/17 Price Changed $90,000 -50.0% $22 / Sq Ft
03/01/2016 03/01/16 For Sale $180,000 -- $45 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,512 $228,400 $56,800 $171,600
2023 $7,512 $228,400 $56,800 $171,600
2022 $7,272 $228,400 $56,800 $171,600
2021 $7,117 $228,400 $56,800 $171,600
2020 $7,078 $228,400 $56,800 $171,600
2019 $6,950 $228,400 $56,800 $171,600
2018 $6,852 $228,400 $56,800 $171,600
2017 $6,729 $228,400 $56,800 $171,600
2016 $6,432 $228,400 $56,800 $171,600
2015 $6,208 $228,400 $56,800 $171,600
2014 $5,920 $228,400 $56,800 $171,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001767189

Bright MLS

APN: 01-00027-0000-00002