NOT LISTED FOR SALE

157 Clifton Ave West Berlin, NJ 08091

Estimated Value: $282,000 - $426,000

-- Bed
-- Bath
1,852 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $282,500 $153 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,106/month

9 Days on Market

Highlights

  • Victorian Architecture
  • 2 Car Garage
  • Hot Water Baseboard Heater

About This Home

As of October 2024

MULTIPLE OFFERS. HIGHEST AND BEST DUE MONDAY 9/23 @ 8PM. Fully-occupied duplex offering a prime buy-and-hold investment opportunity! This up-and-down property features two 2-bedroom, 1-bathroom units. The upstairs unit has been completely renovated and rents for $1,700/month, while the downstairs unit, though not updated, brings in $1,500/month. Garage is rented for $300/month. Seller covers water, sewer, and trash, while tenants pay all other utilities. With strong rental income, this property is a cash cow ready for the savvy investor!

Last Agent to Sell the Property

Paul Isaacson

(609) 417-0668 isaacsonp08@gmail.com Prime Realty Partners License #2078722 Listed on: 09/17/2024

Prime Realty Partners

Last Buyer's Agent

Darlene Mayernik

(609) 605-7723 darlenemayernik@gmail.com Keller Williams Premier License #9693312

Keller Williams Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,406

Year Built

  • Built in 1900

Lot Details

  • 7,375 Sq Ft Lot
  • Lot Dimensions are 59.00 x 125.00

Parking

  • 2 Car Garage
  • Assigned Parking Garage Space
  • Driveway

Home Design

  • 1,852 Sq Ft Home
  • Duplex
  • Victorian Architecture
  • Block Foundation
  • Frame Construction

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • Income includes apartment rentals, parking
  • Gross Income $42,000

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 00020
  • Assessor Parcel Number 06-00215-00020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,406

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1852
  • Living Area Sq Ft: 1852
  • Price Per Sq Ft: 140.39
  • Above Grade Finished Sq Ft: 1852
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 59.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7375.00
  • Zoning: R2

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 42000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Income Includes: Apartment Rentals, Parking
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 6406.00
  • Assessor Parcel Number: 06-00215-00020
  • Tax Lot: 00020
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: BERLIN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Nov 1, 2024
Sold by
157 Clifton Ave Llc
Bought by
Shina Balwinder and Shina Maneeta
Seller's Agent
Paul Isaacson
Prime Realty Partners
Buyer's Agent
Darlene Mayernik
Keller Williams Premier
List Price
$260,000
Sold Price
$282,500
Premium/Discount to List
$22,500
8.65%
Views
46
Current Estimated Value
$298,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,993
Avg. Annual Appreciation
14.08%
Original Mortgage
$211,875
Outstanding Balance
$209,927
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$117,038

Purchase Details

Listed on
Mar 22, 2022
Closed on
Mar 10, 2022
Sold by
Harbidge Lanzilotti Pauline
Bought by
157 Clifton Ave Llc
Seller's Agent
Genevieve Haldeman
Keller Williams Realty - Medford
Buyer's Agent
Robert Bunis
Prime Realty Partners
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.99%
Original Mortgage
$108,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2020
Sold by
Lanzilotti Gerald J
Bought by
Lanzilotti Gerald J and Lanzilotti Pauline Harbidge

Purchase Details

Closed on
May 21, 2007
Sold by
Visconti Michael E and Lanzilotti Gerald J
Bought by
Lanzilotti Gerald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2002
Sold by
Hurley William H
Bought by
Lanzilotti Gerald J and Visconti Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.13%

Purchase Details

Closed on
Feb 21, 1997
Sold by
Perazelli Bruce J
Bought by
Hurley William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
7.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shina Balwinder $282,500 First American Title
Shina Balwinder $282,500 First American Title
157 Clifton Ave Llc $135,000 Sjs Title
Lanzilotti Gerald J -- None Available
Lanzilotti Gerald J -- --
Lanzilotti Gerald J $100,000 --
Hurley William H $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shina Balwinder $211,875
Closed Shina Balwinder $211,875
Previous Owner 157 Clifton Ave Llc $108,000
Previous Owner Lanzilotti Gerald J $142,000
Previous Owner Lanzilotti Gerald J $95,000
Previous Owner Hurley William H $94,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2024 10/25/24 Sold $282,500 +8.7% $153 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $260,000 0.0% $140 / Sq Ft
08/01/2024 08/01/24 Rented $1,700 0.0% --
07/16/2024 07/16/24 Under Contract -- -- --
07/12/2024 07/12/24 Price Changed $1,700 -5.6% $1 / Sq Ft
06/24/2024 06/24/24 For Rent $1,800 0.0% --
03/24/2022 03/24/22 Sold $135,000 -3.6% $73 / Sq Ft View Prior Sale
03/22/2022 03/22/22 For Sale $140,000 +13558.5% $76 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/31/2016 03/31/16 Rented $1,025 +3.0% --
03/12/2016 03/12/16 Under Contract -- -- --
03/03/2016 03/03/16 For Rent $995 +4.7% --
06/01/2013 06/01/13 Rented $950 0.0% --
05/08/2013 05/08/13 Under Contract -- -- --
04/23/2013 04/23/13 For Rent $950 -- --
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 $6,489 $178,300 $42,700 $135,600
2024 $6,407 $161,500 $42,700 $118,800
2023 $6,407 $161,500 $42,700 $118,800
2022 $6,223 $161,500 $42,700 $118,800
2021 $6,097 $161,500 $42,700 $118,800
2020 $6,114 $161,500 $42,700 $118,800
2019 $6,022 $161,500 $42,700 $118,800
2018 $6,037 $161,500 $42,700 $118,800
2017 $5,963 $161,500 $42,700 $118,800
2016 $5,922 $161,500 $42,700 $118,800
2015 $5,689 $98,300 $19,800 $78,500
2014 $5,598 $98,300 $19,800 $78,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2075830

Bright MLS

APN: 06-00215-0000-00020