NOT LISTED FOR SALE

Estimated Value: $600,000 - $754,000

-- Bed
-- Bath
2,838 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $553,000 $195 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,492/month

18 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Outdoor Grill
  • Elizabeth High School Rated A
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of October 2021

This three family home in Elizabethport is a great investment opportunity that is completely rented with long term tenants, ready for you to take over. New siding (1 year), new windows (3 years), new exterior doors (<1 month). Each unit has it's own furnace and hot water heater. All 3 electric meters and service boxes were just updated. Washers/dryers are in the basement for tenants to use. Each unit boasts 3 bedrooms and 1 bathroom with hardwood floors and tile throughout. They have all been partially updated and very well maintained. All tenants are current on rent and pay on time every month. The basement could be used as a 4th unit since it's fully finished with a kitchen and a bathroom. There's a courtyard out back for small gatherings, BBQ grill's, etc. Don't miss out!

Last Agent to Sell the Property

Ellie McGillian

Sackman Realty Listed on: 06/24/2021

Sackman Realty

Co-Listed By

Jessi Allen

Sackman Realty

Last Buyer's Agent

Kevin Pereyra

Ozana Realty Group License #1863529

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,698

Year Built

  • Built in 1900

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.00

Parking

  • On-Street Parking

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,838 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Grill

Schools

  • Elizabeth High School

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Underground Utilities
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 00588
  • Assessor Parcel Number 04-00001-00588

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Elizabeth Port Subdivision

Building Details

  • Operating Expense $4,400
  • Net Operating Income $39,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,698

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Tenant Belongings
  • Inclusions: Appliances, Light Fixtures, Ceiling Fans 2 commercial coin washers/2 commercial coin dryers
  • New Construction: No
  • Expected On Market: 2021-06-24
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: This three family home in Elizabethport is a great investment opportunity that is completely rented with long term tenants, ready for you to take over. New siding (1 year), new windows (3 years), new exterior doors (<1 month). Each unit has it's own furnace and hot water heater. All 3 electric meters and service boxes were just updated. Washers/dryers are in the basement for tenants to use. Each unit boasts 3 bedrooms and 1 bathroom with hardwood floors and tile throughout. They have all been partially updated and very well maintained. All tenants are current on rent and pay on time every month. The basement could be used as a 4th unit since it's fully finished with a kitchen and a bathroom. There's a courtyard out back for small gatherings, BBQ grill's, etc. Don't miss out!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Washer, Oven/Range - Gas, Refrigerator
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Kitchen - Eat-In
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2838
  • Living Area Sq Ft: 2838
  • Price Per Sq Ft: 193.80
  • Above Grade Finished Sq Ft: 2838
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 145

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Bbq Grill, Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: ELIZABETH PUBLIC SCHOOLS
  • High School: ELIZABETH
  • High School Source: 3rd Party
  • School District Key: 300200397450
  • School District Source: 3rd Party
  • High School: ELIZABETH

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 20900.00
  • Land Assessed Value: 5400.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2500.00
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Water
  • Total Actual Rent: 43800.00
  • Vacation Rental: No

Multi Family

  • Operating Expense: 4400.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 5875910
  • Tax Annual Amount: 7698.00
  • Assessor Parcel Number: 04-00001-00588
  • Tax Lot: 00588
  • Tax Total Finished Sq Ft: 2838
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/15/2021

MLS Schools

  • School District Name: ELIZABETH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2022
Sold by
Martinborough Le Var J
Bought by
Martinborough 145 Ripley Place Irrevocable Tr
Current Estimated Value
$703,375

Purchase Details

Listed on
Jun 24, 2021
Closed on
Oct 13, 2021
Sold by
Benedictis Peter
Bought by
Martinborough Levar
Seller's Agent
Ellie McGillian
Sackman Realty
Buyer's Agent
Kevin Pereyra
Ozana Realty Group
List Price
$550,000
Sold Price
$553,000
Premium/Discount to List
$3,000
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$414,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2021
Sold by
Benedictis Peter and Caccioppoli Antonella
Bought by
Benedictis Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2015
Sold by
Cacc Bene Management Llc
Bought by
Benedictis Peter and Caccioppoli Antonella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,150
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 2009
Sold by
Benedictis Peter J and Caccioppoli Antonella
Bought by
Cass Bene Management Limited Liability C

Purchase Details

Closed on
Jul 25, 2008
Sold by
Henriques Andrea and Henriques Luis
Bought by
Benedictis Peter J and Caccioppoli Antonella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,946
Interest Rate
6.35%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2001
Sold by
Dinis Manuel and Dinis Ana
Bought by
Henriques Luis and Henriques Andrea

Purchase Details

Closed on
Sep 29, 1999
Sold by
Wance Mark Richard
Bought by
Henriques Luis and Henriques Andrea

Purchase Details

Closed on
May 8, 1996
Sold by
Candido Jose and Candido Maria
Bought by
Dinis Manuel and Dinis Ana
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
Martinborough 145 Ripley Place Irrevocable Tr -- Davidson Jacob P
Martinborough Levar $553,000 Chicago Title Insurance Co
Benedictis Peter -- Two Rivers Title Co Llc
Benedictis Peter $327,946 None Available
Cass Bene Management Limited Liability C -- Platinum Title
Benedictis Peter J $359,000 Platinum Title Agency Inc
Henriques Luis -- Chicago Title Insurance Co
Henriques Luis $116,500 --
Dinis Manuel $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinborough Levar $414,750
Previous Owner Benedictis Peter $259,000
Previous Owner Benedictis Peter $279,150
Previous Owner Benedictis Peter J $327,946
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $553,000 +0.5% $195 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $550,000 -- $194 / 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 $8,266 $550,600 $142,500 $408,100
2023 $8,266 $26,300 $5,400 $20,900
2022 $8,042 $26,300 $5,400 $20,900
2021 $7,876 $26,300 $5,400 $20,900
2020 $7,698 $26,300 $5,400 $20,900
2019 $7,581 $26,300 $5,400 $20,900
2018 $7,507 $26,300 $5,400 $20,900
2017 $7,297 $26,300 $5,400 $20,900
2016 $7,298 $26,300 $5,400 $20,900
2015 $6,864 $26,300 $5,400 $20,900
2014 $6,658 $26,300 $5,400 $20,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJUN100428

Bright MLS

APN: 04-00001-0000-00588