NOT LISTED FOR SALE

Estimated Value: $646,000 - $714,000

-- Bed
-- Bath
3,000 Sq Ft
$223/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $305,000 $102 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $4,547/month

Highlights

  • 1.06 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • 4 Car Detached Garage
  • Laundry Facilities

About This Home

As of June 2019

Solid income producing property close to TCNJ/Rider with expansion possibilities. Currently set up as a legal three unit apartment building plus 6 garages. Unit 1 is a four bedroom, 2 bath unit; Unit 2 is a 2 bedroom/ 1 bath unit and Unit 3 is a one bedroom efficiency. Garage space rents for $100 per month per garage. Tenants pay utilities except water and sewer. Additional land was approved in 2006 for a six unit apartment building. Interior newly repainted and recarpeted. Many building systems upgraded/replaced recently. 1520 Pennington Rd immediately next door under constructio for 11 room dormitory and commercial space building

Last Agent to Sell the Property

Winn Thompson

(609) 468-3838 winn.thompson@foxroach.com BHHS Fox & Roach Hopewell Valley License #900694 Listed on: 11/14/2016

BHHS Fox & Roach Hopewell Valley

Last Buyer's Agent

Vaishali Senjalia

(732) 754-5215 vaishali.senjalia@foxroach.com BHHS Fox & Roach - Princeton License #0679876

BHHS Fox & Roach - Princeton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,875

Year Built

  • Built in 1880

Lot Details

  • 1.06 Acre Lot
  • Lot Dimensions are 147x314
  • Property is in below average condition

Parking

  • 4 Car Detached Garage
  • 8 Open Parking Spaces

Home Design

  • Triplex
  • Pitched Roof
  • Wood Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,000 Sq Ft Home
  • Unfinished Basement
  • Partial Basement
  • Storage In Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00001
  • Assessor Parcel Number 02-00118 02-00001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $3,000
  • Operating Expense $16,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,875

Year Built

Built in 1880

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Ownership: Fee Simple
  • Exclusions: Tenant Owned Furniture
  • Historic: No
  • Inclusions: " As Is"
  • New Construction: No
  • Storage: Attic
  • Year Built: 1880
  • Remarks Public: Solid income producing property close to TCNJ/Rider with expansion possibilities. Currently set up as a legal three unit apartment building plus 6 garages. Unit 1 is a four bedroom, 2 bath unit; Unit 2 is a 2 bedroom/ 1 bath unit and Unit 3 is a one bedroom efficiency. Garage space rents for $100 per month per garage. Tenants pay utilities except water and sewer. Additional land was approved in 2006 for a six unit apartment building. Interior newly repainted and recarpeted. Many building systems upgraded/replaced recently. 1520 Pennington Rd immediately next door under constructio for 11 room dormitory and commercial space building
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Common
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 133.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1530

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: EWING TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396170

Lot Info

  • Improvement Assessed Value: 163900.00
  • Land Assessed Value: 37300.00
  • Lot Size Acres: 1.06
  • Lot Dimensions: 147X314
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 46332.00
  • Property Condition: Below Average
  • Zoning: R-2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 52800.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 2074672
  • Tax Annual Amount: 10875.00
  • Assessor Parcel Number: 02-00118 02-00001
  • Tax Lot: 00001
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 06/20/2019

MLS Schools

  • School District Name: EWING TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2016
Closed on
Jun 20, 2019
Sold by
Dvog Properties Llc
Bought by
Jmd Realty Services Llc
Seller's Agent
Winn Thompson
BHHS Fox & Roach Hopewell Valley
Buyer's Agent
Vaishali Senjalia
BHHS Fox & Roach - Princeton
List Price
$399,000
Sold Price
$305,000
Premium/Discount to List
-$94,000
-23.56%
Current Estimated Value
$670,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,045
Avg. Annual Appreciation
13.35%
Original Mortgage
$228,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2008
Sold by
Meli Francis P and Meli Donna L
Bought by
Dvcg Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2003
Sold by
Wilmer Steven Sacks
Bought by
Francis Meli

Purchase Details

Closed on
May 28, 2002
Sold by
Vega Eddie
Bought by
Wilner Steven Sacks

Purchase Details

Closed on
Mar 30, 1989
Sold by
Spilatro Stepehen and Spilatro Terry
Bought by
Vega Eddie and Vega Rosalina
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Jmd Realty Services Llc $305,000 Vintage Title Services Llc
Dvcg Prop Llc $400,000 --
Francis Meli $285,560 --
Wilner Steven Sacks $185,000 --
Vega Eddie $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmd Realty Services Llc $228,000
Previous Owner Dvcg Prop Llc $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2019 06/20/19 Sold $305,000 -23.6% $102 / Sq Ft
01/17/2019 01/17/19 For Sale $399,000 -11.3% $133 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/14/2016 11/14/16 For Sale $450,000 -- $150 / 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
2025 $11,933 $303,400 $55,500 $247,900
2024 $11,217 $303,400 $55,500 $247,900
2023 $11,217 $303,400 $55,500 $247,900
2022 $10,913 $303,400 $55,500 $247,900
2021 $10,646 $303,400 $55,500 $247,900
2020 $10,789 $311,900 $55,500 $256,400
2019 $10,508 $311,900 $55,500 $256,400
2018 $10,627 $201,200 $37,300 $163,900
2017 $10,875 $201,200 $37,300 $163,900
2016 $10,728 $201,200 $37,300 $163,900
2015 $10,585 $201,200 $37,300 $163,900
2014 $10,557 $201,200 $37,300 $163,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000261221

Bright MLS

APN: 02-00118-02-00001