NOT LISTED FOR SALE

Estimated Value: $295,000 - $433,000

Studio
-- Bath
3,498 Sq Ft
$108/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2022

Last sale price $250,000 $71 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,833 / mo

4 Days on Market

About This Home

As of May 2022

A turn-key investment property sitting on a half acre in the heart of Elmer! The main building has two 3 bedroom apartments with generously sized rooms and a attic with stair access. The second building has one 3 bedroom apartment over a 3 bay garage (garage included). Both units have been updated with energy efficient utilities and washer/dryer units. The third unit is a unique barn/building that is 30x40 with 30ft ceilings. There is an opportunity to rent this space out for storage. This property is being sold AS-IS. The septic system is one year old and each unit has an updated high efficiency gas heater.
Projected rent on all three units (barn not included) is $4500 - 5000 per month.

Last Agent to Sell the Property

Michael DiPlacido

(856) 227-1950 khansbury@weichertrealtors.net Weichert Realtors-Turnersville License #1430792 Listed on: 03/28/2022

Weichert Realtors-Turnersville

Last Buyer's Agent

Michael DiPlacido

(856) 227-1950 khansbury@weichertrealtors.net Weichert Realtors-Turnersville License #1430792 Listed on: 03/28/2022

Weichert Realtors-Turnersville

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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,371

Year Built

  • Built in 1920

Lot Details

  • 21,206 Sq Ft Lot
  • Lot Dimensions are 67.00 x 316.50

Home Design

  • 3,498 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Aluminum Siding

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces

Utilities

  • 90% Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • On Site Septic

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tax Lot 00022
  • Assessor Parcel Number 03-00027-00022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,371

Year Built

Built in 1920

Lot Details

0.49 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3498
  • Living Area Sq Ft: 3498
  • Price Per Sq Ft: 71.47
  • Above Grade Finished Sq Ft: 3498
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.49
  • Lot Dimensions: 67.00 x 316.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21206.00
  • Zoning: R125

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 8371.00
  • Assessor Parcel Number: 03-00027-00022
  • Tax Lot: 00022
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC 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 28, 2022
Closed on
May 31, 2022
Sold by
Bought by
Seller's Agent
Michael DiPlacido
Weichert Realtors-Turnersville
Buyer's Agent
Michael DiPlacido
Weichert Realtors-Turnersville
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$376,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,731
Avg. Annual Appreciation
10.33%
Original Mortgage
$310,121
Outstanding Balance
$290,729
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$86,002

Purchase Details

Closed on
Jul 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Elmer, NJ

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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
$250,000 Weichert Title
$250,000 --
$195,000 West Jersey Title Agency
$100,000 --
-- --
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 $310,121
Previous Owner $170,000
Previous Owner $115,000
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
05/31/2022 05/31/22 Sold $250,000 0.0% $71 / Sq Ft
04/07/2022 04/07/22 For Sale $250,000 0.0% $71 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $250,000 -- $71 / 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 $9,147 $223,000 $29,500 $193,500
2025 $9,147 $223,000 $29,500 $193,500
2024 $8,804 $223,000 $29,500 $193,500
2023 $8,804 $223,000 $29,500 $193,500
2022 $8,592 $223,000 $29,500 $193,500
2021 $8,371 $223,000 $29,500 $193,500
2020 $8,423 $223,000 $29,500 $193,500
2019 $11,193 $308,000 $29,500 $278,500
2018 $11,029 $308,000 $29,500 $278,500
2017 $9,619 $308,000 $29,500 $278,500
2016 $9,206 $308,000 $29,500 $278,500
2015 $8,615 $308,000 $29,500 $278,500
2014 $8,519 $308,000 $29,500 $278,500
Source: Public Records

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Map

Source: Bright MLS

MLS Number: NJSA2003490

Bright MLS

APN: 03-00027-0000-00022

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