NOT LISTED FOR SALE

131 Morris Ave Newfield, NJ 08344

Franklin Area

Estimated Value: $368,000 - $625,000

Studio
-- Bath
4,656 Sq Ft
$98/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2022

Last sale price $275,000 $59 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,495 / mo

6 Days on Market

About This Home

As of April 2022

This 4-unit property currently consists of three 2-bed units and one 1-bed unit. Two units are currently tenant-occupied with paying tenants. Don't miss out on this money-maker in a convenient location nearby major roadways such as 47, 40, 322 & 55!

Last Agent to Sell the Property

Gregory Petrelli

(856) 582-1200 gregpetrelli@kw.com Keller Williams Realty - Washington Township Listed on: 03/22/2022

Keller Williams Realty - Washington Township

Last Buyer's Agent

Yechiel Schwartz

(732) 451-2186 investorsedgerealty@gmail.com Investors Edge Realty License #1111160

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,120

Year Built

  • Built in 1980

Lot Details

  • 42,689 Sq Ft Lot
  • Lot Dimensions are 70x345

Parking

  • Driveway

Home Design

  • 4,656 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Concrete Perimeter Foundation

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 00006
  • Assessor Parcel Number 05-05054-00006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,120

Year Built

Built in 1980

Lot Details

0.98 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: tenants personal property
  • New Construction: No
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Special Features: 20

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: No
  • Total Sq Ft: 4656
  • Living Area Sq Ft: 4656
  • Price Per Sq Ft: 59.06
  • Above Grade Finished Sq Ft: 4656
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C, Wall Unit
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 270600.00
  • Land Assessed Value: 39600.00
  • Lot Size Acres: 0.98
  • Lot Dimensions: 70x345
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 42689.00
  • Zoning: RA

Rental Info

  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

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

Tax Info

  • Assessor Parcel Number: 1981999
  • Tax Annual Amount: 11120.00
  • Assessor Parcel Number: 05-05054-00006
  • Tax Lot: 00006
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: DELSEA REGIONAL HIGH SCHO SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jun 22, 2022
Sold by
Bought by
Seller's Agent
Gregory Petrelli
Keller Williams Realty - Washington Township
Buyer's Agent
Yechiel Schwartz
Investors Edge Realty
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$456,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,333
Avg. Annual Appreciation
12.69%
Original Mortgage
$206,000
Interest Rate
0.051%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 29, 2022
Sold by
Bought by
Seller's Agent
Gregory Petrelli
Keller Williams Realty - Washington Township
Buyer's Agent
Yechiel Schwartz
Investors Edge Realty
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
0.051%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 19, 2022
Sold by
Bought by
Seller's Agent
Gregory Petrelli
Keller Williams Realty - Washington Township
Buyer's Agent
Yechiel Schwartz
Investors Edge Realty
List Price
$275,000
Sold Price
$275,000

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 14, 2022
Sold by
Bought by
Seller's Agent
Gregory Petrelli
Keller Williams Realty - Washington Township
Buyer's Agent
Yechiel Schwartz
Investors Edge Realty
List Price
$275,000
Sold Price
$275,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Westcor Land Title
$275,000 Westcor Land Title
-- Westcor Land Title
-- Westcor Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $420,000
Closed $206,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $275,000 0.0% $59 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $275,000 -- $59 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,188 $310,200 $39,600 $270,600
2025 $12,188 $310,200 $39,600 $270,600
2024 $11,617 $310,200 $39,600 $270,600
2023 $11,617 $310,200 $39,600 $270,600
2022 $11,307 $310,200 $39,600 $270,600
2021 $11,121 $310,200 $39,600 $270,600
2020 $10,978 $310,200 $39,600 $270,600
2019 $10,832 $310,200 $39,600 $270,600
2018 $10,674 $310,200 $39,600 $270,600
2017 $10,479 $310,200 $39,600 $270,600
2016 $10,438 $310,200 $39,600 $270,600
2015 $10,013 $310,200 $39,600 $270,600
2014 $9,626 $310,200 $39,600 $270,600
Source: Public Records

Agents Affiliated with this Home

  • Gregory Petrelli

    Seller's Agent in 2022

    Gregory Petrelli

    Keller Williams Realty - Washington Township

    (856) 304-5927

    114 Total Sales

    Gregory Petrelli
    Section Image
  • Yechiel Schwartz

    Buyer's Agent in 2022

    Yechiel Schwartz

    Investors Edge Realty

    (908) 415-4176

    57 Total Sales

    Yechiel Schwartz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJGL2013186

Bright MLS

APN: 05-05054-0000-00006

New Jersey Gloucester County Newfield 08344

131 Morris Ave, Newfield, NJ

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