NOT LISTED FOR SALE
-- Bed
-- Bath
5,203 Sq Ft
0.25 Acres

Last Sold July 08, 2022

Last sale price $955,000 $184 Per Sq Ft

84 Days on Market

Highlights

  • Second Kitchen
  • Open Floorplan
  • Colonial Architecture
  • Mary E. Roberts Elementary School Rated A
  • Dual Staircase
  • 3-minute walk to Percheron Park

About This Home

As of July 2022

A rare opportunity awaits the future owner of this prime retail/residential building in the heart of charming downtown Moorestown. Centrally located across from the Community House, this commercial dwelling with a private rear parking lot has two high-visibility storefronts, each with a huge display window, plus an expansive two-bedroom apartment upstairs, and storage areas on the third floor and a full basement with outside access. There is the possibility of creating additional living space on the third floor. Ideal for an investor or small business enterprise, this desirable in-town property is filled with vintage character and modern updates. Exceptionally well maintained, this historic circa 1855 building’s first floor currently houses an upscale clothing, gift, jewelry and accessories boutique measuring about 1,150 square-feet and a 750 square-foot catering/takeout business . Both shops feature hardwood floors, high ceilings, neutral paint colors, elaborate crown moldings, chandeliers, track lighting and a half bath. Offering 50-feet of street frontage in one of Moorestown’s most desirable commercial areas, the deep lot includes a private driveway off East Main Street leading to a dedicated rear parking lot for shoppers and tenants. A separate front door leads to the upstairs apartment. Other highlights include a newer roof, fire and security monitoring/alarm systems.

Last Agent to Sell the Property

Louise Carter

Coldwell Banker Realty License #SP-8631587 Listed on: 02/15/2022

Coldwell Banker Realty

Last Buyer's Agent

Flamur Rama

Keller Williams Realty - Atlantic Shore

Keller Williams Realty - Atlantic Shore

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,353

Year Built

  • Built in 1855

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 50x218
  • Downtown Location
  • Private Lot
  • Level Lot
  • Cleared Lot
  • Property is in very good condition

Home Design

  • Colonial Architecture
  • Dwelling with Rental
  • Block Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 5,203 Sq Ft Home
  • Open Floorplan
  • Dual Staircase
  • Crown Molding
  • Wainscoting
  • Recessed Lighting
  • Bay Window
  • Dining Area
  • Partial Basement
  • Attic

Kitchen

  • Second Kitchen
  • Butlers Pantry
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet

Laundry

  • Electric Dryer
  • Washer

Home Security

  • Alarm System
  • Motion Detectors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Open Parking Spaces
  • 24 Parking Spaces
  • 12 Off-Street Spaces
  • Private Parking
  • Parking Lot

Accessible Home Design

  • Doors swing in
  • Doors with lever handles
  • Level Entry For Accessibility

Outdoor Features

  • Exterior Lighting

Schools

  • Moorestown Upper Middle School
  • Moorestown High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for insurance, miscellaneous, pest control, sewer, real estate taxes, water
  • Tax Lot 00059
  • Clean and Green
  • Assessor Parcel Number 22-00271-00025

Community Details

Overview

  • 3 Units
  • 3-Story Building
  • Town Center Subdivision

Building Details

  • Income includes apartment rentals, shop rentals
  • Insurance Expense $5,710
  • Other Expense $769
  • Operating Expense $17,832
  • Gross Income $59,400
  • Net Operating Income $17,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,353

Year Built

Built in 1855

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Dwelling With Rental, Colonial
  • Accessibility Features: Doors - Lever Handle(s), Doors - Swing In, Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Tenants possessions and store equiment (e.g. Chandeliers, fixtures, stoves, barn doors, refrigeration, ovens, etc.
  • New Construction: No
  • Other Expense: 769.00
  • Year Built: 1855
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: A rare opportunity awaits the future owner of this prime retail/residential building in the heart of charming downtown Moorestown. Centrally located across from the Community House, this commercial dwelling with a private rear parking lot has two high-visibility storefronts, each with a huge display window, plus an expansive two-bedroom apartment upstairs, and storage areas on the third floor and a full basement with outside access. There is the possibility of creating additional living space on the third floor. Ideal for an investor or small business enterprise, this desirable in-town property is filled with vintage character and modern updates. Exceptionally well maintained, this historic circa 1855 building’s first floor currently houses an upscale clothing, gift, jewelry and accessories boutique measuring about 1,150 square-feet and a 750 square-foot catering/takeout business . Both shops feature hardwood floors, high ceilings, neutral paint colors, elaborate crown moldings, chandeliers, track lighting and a half bath. Offering 50-feet of street frontage in one of Moorestown’s most desirable commercial areas, the deep lot includes a private driveway off East Main Street leading to a dedicated rear parking lot for shoppers and tenants. A separate front door leads to the upstairs apartment. Other highlights include a newer roof, fire and security monitoring/alarm systems.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer - Electric, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: 2nd Kitchen, Additional Stairway, Attic, Butlers Pantry, Carpet, Crown Moldings, Dining Area, Floor Plan - Open, Recessed Lighting, Store/Office, Wainscotting
  • Window Features: Bay/Bow
  • Fireplace: No
  • Foundation Details: Block
  • Room Count: 11
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 5203
  • Living Area Sq Ft: 5203
  • Price Per Sq Ft: 192.00
  • Above Grade Finished Sq Ft: 5203
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 15-17

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Road Surface Type: Access - On Grade, Concrete, Paved
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Private
  • Total Garage And Parking Spaces: 24
  • Type Of Parking: Off Street, Parking Lot
  • Off Street Parking Spaces: 12
  • Parking Lot Number Of Spaces: 12

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Electric Alarm, Motion Detectors, Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: MOORESTOWN TOWNSHIP PUBLIC SCHOOLS
  • Middle School: MOORESTOWN UPPER
  • High School: MOORESTOWN H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396965
  • School District Source: Listing Agent
  • High School: MOORESTOWN H.S.
  • Middle Or Junior School: MOORESTOWN UPPER

Green Features

  • Clean Green Assessed: Yes

Lot Info

  • Improvement Assessed Value: 310200.00
  • Land Assessed Value: 112300.00
  • Lot Features: Cleared, Level, Private, Road Frontage
  • Lot Size Acres: 0.25
  • Lot Dimensions: 50x218
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10900.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: COMMERCIAL

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Insurance, Miscellaneous, Pest Control, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 59400.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Income Includes: Apartment Rentals, Shop Rentals
  • Operating Expense: 17832.00
  • Single Room Units Count: 9

Tax Info

  • Tax Annual Amount: 11353.00
  • Assessor Parcel Number: 22-00271-00025
  • Tax Lot: 00059
  • Tax Page Number: 1835
  • Tax Year: 2021
  • Close Date: 07/08/2022

MLS Schools

  • School District Name: MOORESTOWN TOWNSHIP PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed First Baptist Church Moorestown Nj $225,000
Closed The First Baptist Church $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $955,000 -4.4% $184 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
04/27/2022 04/27/22 Price Changed $999,000 -9.2% $192 / Sq Ft
02/15/2022 02/15/22 For Sale $1,100,000 -- $211 / 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 -- $1,730,600 $181,200 $1,549,400
2023 -- $1,730,600 $181,200 $1,549,400
2021 $0 $1,730,600 $181,200 $1,549,400
2020 $0 $1,730,600 $181,200 $1,549,400
2019 $0 $1,730,600 $181,200 $1,549,400
2018 $0 $1,730,600 $181,200 $1,549,400
2017 $0 $1,730,600 $181,200 $1,549,400
2016 $0 $1,730,600 $181,200 $1,549,400
2015 -- $1,730,600 $181,200 $1,549,400
2014 -- $1,730,600 $181,200 $1,549,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2018890

Bright MLS

APN: 22-02407-0000-00021