B
Seller's Agent in 2025
Bishoy Azer
Keller Williams Realty West Monmouth
(732) 236-5050
1 in this area
46 Total Sales
147 New Cedar Ln Trenton, NJ 08610
Franklin Park Neighborhood
--
Bed
--
Bath
1,188
Sq Ft
8,500
Sq Ft Lot
Highlights
- Wood Flooring
- En-Suite Primary Bedroom
- Energy-Efficient Windows
- No HOA
- Ceiling Fan
- Heating System Uses Oil
About This Home
As of May 2025Great investment opportunity with a 9+ cap rate. Two 3 bed 1 bath units, both currently occupied. Owner currently pays water and sewer (because not separated), insurance, and pest control. Tenants pay other utilities. One tenant has been there over 15 years. The other tenant is new, but owner has never had a problem finding tenants (always under 2 weeks to find a new tenant).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,111
Year Built
- Built in 1975
Lot Details
- 8,500 Sq Ft Lot
- Lot Dimensions are 85x100
- Property is in good condition
Home Design
- Duplex
- Brick Exterior Construction
- Shingle Roof
- Aluminum Siding
- Concrete Perimeter Foundation
Interior Spaces
- En-Suite Primary Bedroom
- 1,188 Sq Ft Home
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Private Parking
- Driveway
Eco-Friendly Details
- Energy-Efficient Windows
Utilities
- Heating System Uses Oil
- 200+ Amp Service
- Private Water Source
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 00030
- Assessor Parcel Number 03-02218-00030
Community Details
Overview
- No Home Owners Association
- Hamilton Area Subdivision
Building Details
- Insurance Expense $2,000
- Other Expense $450
- Operating Expense $10,285
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2025
Closed on
May 3, 2025
Sold by
Gabriel Mariam and Zakhary Tamer
Bought by
Chen Chien W
Seller's Agent
Bishoy Azer
Keller Williams Realty West Monmouth
Buyer's Agent
Damaris Jordan
Keller Williams Premier
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%
Views
111
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-22.58%
Purchase Details
Listed on
Mar 5, 2017
Closed on
Aug 20, 2017
Sold by
Assad Nabil S and Assad Eveline
Bought by
Gabriel Mariam
Seller's Agent
Nick Manis
Manis Realtors
Buyer's Agent
Nick Manis
Manis Realtors
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.63%
Original Mortgage
$180,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 19, 1986
Bought by
Assad N S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $485,000 | Fidelity National Title | |
| Deed | $225,000 | River Edge Title Co | |
| Deed | $136,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $190,000 | New Conventional | |
| Previous Owner | $180,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $485,000 | +7.8% | -- |
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $450,000 | +100.0% | -- |
| 10/05/2017 10/05/17 | Sold | $225,000 | -2.2% | $189 / Sq Ft |
| 04/09/2017 04/09/17 | Pending | -- | -- | -- |
| 03/05/2017 03/05/17 | For Sale | $230,000 | -- | $194 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,682 | $202,300 | $33,200 | $169,100 |
| 2023 | $6,682 | $202,300 | $33,200 | $169,100 |
| 2022 | $6,577 | $202,300 | $33,200 | $169,100 |
| 2021 | $8,139 | $202,300 | $33,200 | $169,100 |
| 2020 | $7,410 | $202,300 | $33,200 | $169,100 |
| 2019 | $7,192 | $202,300 | $33,200 | $169,100 |
| 2018 | $6,588 | $187,800 | $33,200 | $154,600 |
| 2017 | $6,295 | $187,800 | $33,200 | $154,600 |
| 2016 | $5,078 | $187,800 | $33,200 | $154,600 |
| 2015 | $7,412 | $142,300 | $30,500 | $111,800 |
| 2014 | $7,316 | $142,300 | $30,500 | $111,800 |
Source: Public Records
Agents Affiliated with this Home
-
Bishoy Azer
-
Damaris Jordan
D
Buyer's Agent in 2025
Damaris Jordan
Keller Williams Premier
(609) 459-5100
2 in this area
4 Total Sales
-
Nick Manis
Seller's Agent in 2017
Nick Manis
Manis Realtors
(732) 371-7381
1 in this area
13 Total Sales
Map
Source: Bright MLS
MLS Number: 1001739335
APN: 03-02218-0000-00030
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