NOT LISTED FOR SALE

1508 The Woods Cherry Hill, NJ 08003

Estimated Value: $230,000 - $275,000

2 Beds
2 Baths
1,012 Sq Ft
$250/mo HOA Fee

Last Sold May 06, 2022

Last sale price $185,000 $183 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,081/month

6 Days on Market

Highlights

  • Balcony
  • Living Room
  • Forced Air Heating and Cooling System
  • Bret Harte Elementary School Rated A-
  • En-Suite Primary Bedroom
  • Dining Room

About This Home

As of May 2022

Incredible investment opportunity! This cozy 2nd floor, 2-bedroom, 2-bathroom unit nestled in the desirable community in Cherry Hill called, The Woods, is an incredible opportunity for a first time investor looking to begin building their portfolio or experienced investor to add on to theirs with a long-standing, strong tenant of over the past 6 years. Current lease is up end of August 2023. This property includes a spacious kitchen featuring a breakfast bar that comfortably accommodates 4 chairs and eat-in dining space. The living room that leads out to an over-sized private covered balcony and extra large storage shed off the balcony. Beautiful laminate floors in the foyer flow into the cushioned carpet in the rest of the living room, hallway and bedrooms and ceramic tiling in the bathrooms. Comfort meet convenience with the in-unit full-size brand newer washer and dryer (2014). The primary suite offers a spacious walk-in closet and updated full bath! Additional features include: Brand New Roof (2019), New Hot Water Heater (2019) and newer AC (2014). All within a short 2 mile drive, you'll find Shoprite, Starbucks, Panera Bread, and a full-service WAWA and PATCO just 7 minutes away! The Cherry Hill Mall is only a 15-minute drive away. Enjoy the entertainment that Center City Philadelphia offers in just 30 minutes. Currently tenant-occupied with lease ending August 31, 2023

Last Agent to Sell the Property

Lindsey Binks

Keller Williams Realty - Moorestown Listed on: 04/11/2022

Keller Williams Realty - Moorestown

Co-Listed By

Michael Meyer

Century 21 Alliance-Medford License #8430843

Last Buyer's Agent

Cecily Cao

RE/MAX ONE Realty-Moorestown

RE/MAX ONE Realty-Moorestown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,635

Year Built

  • Built in 1985

Lot Details

  • 4,792

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,012 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Balcony
  • Property is in excellent condition

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 09-00520 04-00002-C1508

Community Details

Overview

  • Association fees include common area maintenance, water
  • Low-Rise Condominium
  • Dan Mar Mgmt. Condos, Phone Number (856) 727-0365
  • The Woods Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,635

Year Built

Built in 1985

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • Inclusions: Existing Kitchen Appliances, Washer/Dryer - all conveyed in as-is condition
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-04-12
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible investment opportunity! This cozy 2nd floor, 2-bedroom, 2-bathroom unit nestled in the desirable community in Cherry Hill called, The Woods, is an incredible opportunity for a first time investor looking to begin building their portfolio or experienced investor to add on to theirs with a long-standing, strong tenant of over the past 6 years. Current lease is up end of August 2023. This property includes a spacious kitchen featuring a breakfast bar that comfortably accommodates 4 chairs and eat-in dining space. The living room that leads out to an over-sized private covered balcony and extra large storage shed off the balcony. Beautiful laminate floors in the foyer flow into the cushioned carpet in the rest of the living room, hallway and bedrooms and ceramic tiling in the bathrooms. Comfort meet convenience with the in-unit full-size brand newer washer and dryer (2014). The primary suite offers a spacious walk-in closet and updated full bath! Additional features include: Brand New Roof (2019), New Hot Water Heater (2019) and newer AC (2014). All within a short 2 mile drive, you'll find Shoprite, Starbucks, Panera Bread, and a full-service WAWA and PATCO just 7 minutes away! The Cherry Hill Mall is only a 15-minute drive away. Enjoy the entertainment that Center City Philadelphia offers in just 30 minutes. Currently tenant-occupied with lease ending August 31, 2023
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bathroom 1, Primary Bathroom
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1012
  • Living Area Sq Ft: 1012
  • Price Per Sq Ft: 177.87
  • Above Grade Finished Sq Ft: 1012
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1508

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 250.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Dan Mar Mgmt.
  • Condo Co-Op Phone: 856-727-0365
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396971
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 93100.00
  • Land Assessed Value: 20000.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent, Very Good, Good
  • Year Assessed: 2021
  • Zoning: RES

Rental Info

  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 1837279
  • Tax Annual Amount: 4635.00
  • Assessor Parcel Number: 09-00520 04-00002-C1508
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 1012
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/06/2022

MLS Schools

  • School District Name: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
May 2, 2022
Sold by
Benz Christopher P
Bought by
Atlas Investment Group Llc
Seller's Agent
Lindsey Binks
Keller Williams Realty - Moorestown
Buyer's Agent
Cecily Cao
RE/MAX ONE Realty-Moorestown
List Price
$180,000
Sold Price
$185,000
Premium/Discount to List
$5,000
2.78%
Current Estimated Value
$257,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,743
Avg. Annual Appreciation
10.63%

Purchase Details

Closed on
Nov 15, 2002
Sold by
Sands Joseph A
Bought by
Benz Christopher P

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
6.08%
Source: Public Records

Range of Values:

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Average Value
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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
Atlas Investment Group Llc $185,000 Surety Expert Abstract
Benz Christopher P $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benz Christopher P $102,288
Previous Owner Benz Christopher P $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $185,000 +2.8% $183 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $180,000 0.0% $178 / Sq Ft
09/01/2016 09/01/16 Rented $1,375 0.0% --
08/25/2016 08/25/16 Under Contract -- -- --
07/22/2016 07/22/16 For Rent $1,375 -- --
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
2025 $5,043 $113,100 $20,000 $93,100
2024 $4,752 $113,100 $20,000 $93,100
2023 $4,752 $113,100 $20,000 $93,100
2022 $4,621 $113,100 $20,000 $93,100
2021 $4,636 $113,100 $20,000 $93,100
2020 $4,579 $113,100 $20,000 $93,100
2019 $4,577 $113,100 $20,000 $93,100
2018 $4,565 $113,100 $20,000 $93,100
2017 $4,503 $113,100 $20,000 $93,100
2016 $4,443 $113,100 $20,000 $93,100
2015 $4,372 $113,100 $20,000 $93,100
2014 $4,324 $113,100 $20,000 $93,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2023462

Bright MLS

APN: 09-00520-04-00002-0000-C1508