Seller's Agent in 2017
Barbara Berger
Coldwell Banker Residential Brokerage - Princeton
(609) 902-3025
9 in this area
52 Total Sales
1501 Lawrence Rd Lawrence Township, NJ 08648
Estimated Value: $723,000 - $1,006,000
--
Bed
--
Bath
2,743
Sq Ft
$318/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- En-Suite Primary Bedroom
- Lawrence High School Rated A-
- Cooling System Mounted In Outer Wall Opening
- Heating Available
About This Home
As of December 2017Beautiful all brick home needs little to no maintenance of exterior fascade. If you're looking for a good investment, no need to spend money on exterior painting every few years. This property is comprised of 4 separate units with 2 of the apartments having four rooms, including living room, bedroom, kitchen and a bathroom. The 3rd apartment also includes a lobby area large enough for a table and chairs, and features built in shelving and easy access to the front or rear of the building. The 4th apartment includes a 2nd level with an additional 2 bedrooms and storage. An abundance of closets and storage spaces throughout the building. Many of the upgrades throughout the building include painting, upgrading and updating of kitchens and bathrooms, as well as a newer roof. Shared access to off-street parking, a wrap-around porch at the front of the house and a large beautiful yard. Basement is available for extra storage. Great investor opportunity with near 100% occupancy rate during the current ownership, with mostly local professionals. Building is being sold strictly "as is".
Last Agent to Sell the Property
(609) 902-3025 princetonarearealtor@comcast.net Coldwell Banker Residential Brokerage - Princeton Listed on: 06/20/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,996
Year Built
- Built in 1926
Lot Details
- 0.57 Acre Lot
- Lot Dimensions are 100x250
- Property is in good condition
Home Design
- Brick Exterior Construction
Interior Spaces
- En-Suite Primary Bedroom
- 2,743 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Private Parking
- Driveway
- Parking Lot
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Operating Expense $8,996
Listing and Financial Details
- Tax Lot 00005
- Assessor Parcel Number 07-02312-00005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2017
Closed on
Dec 8, 2017
Sold by
1501 Lawrence Llc
Bought by
Iqbal Asif
Seller's Agent
Barbara Berger
Coldwell Banker Residential Brokerage - Princeton
Buyer's Agent
Ali Chaudrhry
Weichert Realtors - Princeton
List Price
$545,000
Sold Price
$505,000
Premium/Discount to List
-$40,000
-7.34%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,296
Avg. Annual Appreciation
7.22%
Original Mortgage
$220,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 14, 2007
Sold by
Shah Chetan
Bought by
1501 Lawrence Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
6.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 14, 2006
Sold by
Hullfish Dorothy
Bought by
Shah Chetan
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Iqbal Asif | $505,000 | Allstates Title Services Inc | |
| 1501 Lawrence Llc | $490,000 | -- | |
| Shah Chetan | $380,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Iqbal Asif | $220,000 | |
| Previous Owner | 1501 Lawrence Llc | $203,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2017 12/22/17 | Sold | $505,000 | -7.3% | $184 / Sq Ft |
| 09/26/2017 09/26/17 | Pending | -- | -- | -- |
| 06/20/2017 06/20/17 | For Sale | $545,000 | -- | $199 / 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 |
|---|---|---|---|---|
| 2025 | $10,149 | $327,600 | $85,600 | $242,000 |
| 2024 | $9,946 | $327,600 | $85,600 | $242,000 |
| 2023 | $9,946 | $327,600 | $85,600 | $242,000 |
| 2022 | $9,766 | $327,600 | $85,600 | $242,000 |
| 2021 | $9,641 | $327,600 | $85,600 | $242,000 |
| 2020 | $9,507 | $327,600 | $85,600 | $242,000 |
| 2019 | $9,386 | $327,600 | $85,600 | $242,000 |
| 2018 | $9,173 | $327,600 | $85,600 | $242,000 |
| 2017 | $9,130 | $327,600 | $85,600 | $242,000 |
| 2016 | $8,996 | $327,600 | $85,600 | $242,000 |
| 2015 | $8,747 | $327,600 | $85,600 | $242,000 |
| 2014 | $8,583 | $327,600 | $85,600 | $242,000 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Berger
-
Ali Chaudrhry
A
Buyer's Agent in 2017
Ali Chaudrhry
Weichert Corporate
(609) 902-0709
4 in this area
18 Total Sales
Map
Source: Bright MLS
MLS Number: 1000263311
APN: 07-02312-0000-00005
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