NOT LISTED FOR SALE

16 Center St Elmer, NJ 08318

Estimated Value: $239,000 - $313,000

-- Bed
-- Bath
2,500 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $120,000 $48 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $1,753/month

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of February 2020

Attention Investors... Don't miss this opportunity to buy this fully rented duplex in Elmer. The building consists of (1) 2 BR unit and (1) 3 BR unit. The utilities are the tenants responsibility, heating oil for unit unit, gas for the second unit. Tenants are month-to-month.

Last Agent to Sell the Property

Richard Warner

(856) 430-0072 rich@warnerrealtors.com Warner Real Estate & Auction Company Listed on: 11/18/2019

Last Buyer's Agent

Eugene Panaro

gpanaro@panarorealty.com Panaro Realty License #9910016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 187.00 x 66.00

Parking

  • On-Street Parking

Home Design

  • 2,500 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Schools

  • Arthur P. Schalick High School

Utilities

  • Forced Air Heating and Cooling System
  • 150 Amp Service
  • Electric Water Heater
  • Municipal Trash
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for insurance, real estate taxes, water
  • Assessor Parcel Number 03-00030-00010

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: Attention Investors... Don't miss this opportunity to buy this fully rented duplex in Elmer. The building consists of (1) 2 BR unit and (1) 3 BR unit. The utilities are the tenants responsibility, heating oil for unit unit, gas for the second unit. Tenants are month-to-month.
  • Special Features: VirtualTour

Interior Features

  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 55.60
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: ELMER BORO
  • High School: ARTHUR P. SCHALICK H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396397
  • School District Source: Listing Agent
  • High School: ARTHUR P. SCHALICK H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 187.00 x 66.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12342.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Taxes - Real Estate, Water
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 18000.00

Tax Info

  • Assessor Parcel Number: 2194139
  • Tax Annual Amount: 7794.93
  • Assessor Parcel Number: 03-00030-00010
  • Tax Year: 2019
  • Close Date: 02/28/2020

MLS Schools

  • School District Name: ELMER BORO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2019
Closed on
Feb 26, 2020
Sold by
The First National Bank Of Elmer
Bought by
Option Properties Llc
Seller's Agent
Richard Warner
Warner Real Estate & Auction Company
Buyer's Agent
Eugene Panaro
Panaro Realty
List Price
$139,000
Sold Price
$120,000
Premium/Discount to List
-$19,000
-13.67%
Current Estimated Value
$278,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,188
Avg. Annual Appreciation
16.23%
Original Mortgage
$162,900
Outstanding Balance
$144,271
Interest Rate
3.5%
Mortgage Type
Construction
Estimated Equity
$133,917

Purchase Details

Closed on
Feb 20, 2009
Sold by
Estate Of Beverly J Dodge
Bought by
Nutt Douglas W and Nutt Deann C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,080
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1994
Sold by
Dodge Jean M
Bought by
Dodge Jean M and Dodge Beverly J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Option Properties Llc $120,000 Group 21 Title Agency Llc
Nutt Douglas W $150,000 --
Dodge Jean M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Option Properties Llc $162,900
Previous Owner Nutt Douglas W $120,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $120,000 -13.7% $48 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
11/18/2019 11/18/19 For Sale $139,000 -- $56 / 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 $8,782 $214,500 $36,000 $178,500
2024 $8,468 $214,500 $36,000 $178,500
2023 $8,468 $214,500 $36,000 $178,500
2022 $8,265 $214,500 $36,000 $178,500
2021 $8,052 $214,500 $36,000 $178,500
2020 $8,102 $214,500 $36,000 $178,500
2019 $7,795 $214,500 $36,000 $178,500
2018 $7,681 $214,500 $36,000 $178,500
2017 $6,699 $214,500 $36,000 $178,500
2016 $6,411 $214,500 $36,000 $178,500
2015 $6,000 $214,500 $36,000 $178,500
2014 $5,933 $214,500 $36,000 $178,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJSA136512

Bright MLS

APN: 03-00030-0000-00010