NOT LISTED FOR SALE

139 S Broad St Penns Grove, NJ 08069

Estimated Value: $168,000 - $281,000

-- Bed
-- Bath
2,292 Sq Ft
$96/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $100,000 $44 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,730/month

46 Days on Market

Highlights

  • 0.47 Acre Lot
  • 4 Car Detached Garage
  • En-Suite Primary Bedroom
  • No HOA
  • Mobility Improvements
  • Forced Air Heating and Cooling System

About This Home

As of September 2014

Great positive cash flow duplex. Large 1st floor 2 bedroom apartment that was just updated, painted and ready to be rented out again. There is a handicap ramp for this unit and an enclosed front porch! The 2nd floor apartment has 3 bedrooms with an unfinished third level for storage. Each unit has central air, separate utilities, two gas heaters, two gas hot water heaters and breaker box. In addition, as if that isn't enough, there is an oversized detached garage, approx. 60' X 24' with an office space. Currently rented for an additional $500 per month. Other features are Vinyl sided, large yard and plenty of off street parking. Projected annual income is $24,600/year. In good condition, but being sold "AS IS"

Last Agent to Sell the Property

Raymond Adcock

OMNI Real Estate Professionals License #TREND:BADCOCRA Listed on: 07/11/2014

OMNI Real Estate Professionals

Last Buyer's Agent

Raymond Adcock

OMNI Real Estate Professionals License #TREND:BADCOCRA Listed on: 07/11/2014

OMNI Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 90x183
  • Property is in good condition

Parking

  • 4 Car Detached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Parking Lot

Home Design

  • 2,292 Sq Ft Home
  • Duplex
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Penns Grove Middle School
  • Penns Grove High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • En-Suite Primary Bedroom
  • Washer and Dryer Hookup
  • Mobility Improvements

Listing and Financial Details

  • Tax Lot 00003 02
  • Assessor Parcel Number 08-00109-00003 02

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Operating Expense $9,383

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Accessibility Features: Mobility Improvements
  • Ownership: Fee Simple
  • Exclusions: Tenant's Property
  • New Construction: No
  • Storage: Basement
  • Year Built: 1930
  • Remarks Public: Great positive cash flow duplex. Large 1st floor 2 bedroom apartment that was just updated, painted and ready to be rented out again. There is a handicap ramp for this unit and an enclosed front porch! The 2nd floor apartment has 3 bedrooms with an unfinished third level for storage. Each unit has central air, separate utilities, two gas heaters, two gas hot water heaters and breaker box. In addition, as if that isn't enough, there is an oversized detached garage, approx. 60' X 24' with an office space. Currently rented for an additional $500 per month. Other features are Vinyl sided, large yard and plenty of off street parking. Projected annual income is $24,600/year. In good condition, but being sold "AS IS"
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Laminated
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Hookup
  • Total Sq Ft: 2292
  • Living Area Sq Ft: 2292
  • Price Per Sq Ft: 50.17
  • Above Grade Finished Sq Ft: 2292
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 139

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Garage Features: Garage Door Opener, Oversized
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Parking Lot, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • Middle School: PENNS GROVE
  • High School: PENNS GROVE
  • School District Key: 300200397143
  • High School: PENNS GROVE
  • Middle Or Junior School: PENNS GROVE

Lot Info

  • Improvement Assessed Value: 126600.00
  • Land Assessed Value: 28200.00
  • Land Use Code: 2
  • Lot Size Acres: 0.47
  • Lot Dimensions: 90X183
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20473.00
  • Property Condition: Good
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 24600.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2200614
  • Tax Annual Amount: 5712.00
  • Assessor Parcel Number: 08-00109-00003 02
  • Tax Lot: 00003 02
  • Tax Year: 2014
  • Close Date: 09/30/2014

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2014
Closed on
Oct 10, 2014
Sold by
Novellino Thomas
Bought by
Carter Carlton W
Seller's Agent
Raymond Adcock
OMNI Real Estate Professionals
Buyer's Agent
Raymond Adcock
OMNI Real Estate Professionals
List Price
$115,000
Sold Price
$100,000
Premium/Discount to List
-$15,000
-13.04%
Total Days on Market
46
Current Estimated Value
$219,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,766
Avg. Annual Appreciation
7.85%
Original Mortgage
$75,000
Outstanding Balance
$58,947
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$165,676

Purchase Details

Closed on
Apr 15, 2004
Sold by
Mclemore Arlene T
Bought by
Novellino Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,335
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 1994
Sold by
Adams Marc N and Adams William
Bought by
Mclemore Joe W and Mclemore Arlene T
Source: Public Records

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Range of Values:

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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
Carter Carlton W $100,000 American Home Title Agency
Novellino Thomas $63,335 West Jersey Title Agency Of
Mclemore Joe W $70,000 West Jersey Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter Carlton W $75,000
Previous Owner Novellino Thomas $102,500
Previous Owner Novellino Thomas $63,335
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $100,000 -13.0% $44 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
07/11/2014 07/11/14 For Sale $115,000 -- $50 / 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 $6,025 $112,400 $29,600 $82,800
2023 $6,025 $112,400 $29,600 $82,800
2022 $5,808 $112,400 $29,600 $82,800
2021 $5,557 $112,400 $29,600 $82,800
2020 $5,630 $112,400 $29,600 $82,800
2019 $5,654 $112,400 $29,600 $82,800
2018 $6,245 $154,800 $28,200 $126,600
2017 $6,266 $154,800 $28,200 $126,600
2016 $6,029 $154,800 $28,200 $126,600
2015 $5,776 $154,800 $28,200 $126,600
2014 $5,712 $154,800 $28,200 $126,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003004130

Bright MLS

APN: 08-00109-0000-00003-02