NOT LISTED FOR SALE

16 Chestnut St Millville, NJ 08332

Estimated Value: $229,000 - $319,000

-- Bed
-- Bath
1,932 Sq Ft
$132/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $170,000 $88 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,755/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Electric Baseboard Heater

About This Home

As of August 2023

DUPLEX ALERT! RARE OPPORTUNITY! Welcome to 16 Chestnut Street in Millville City offering the perfect investment property! Unit 1 features 2 bedrooms & 1 full bathroom. Unit 2 features 1 bedroom &.1 full bathroom. Unit 1 has a long term tenant paying $1,050 per month (below market value) on a month to month lease. This unit could easily be rented at $1,200+ per month. Unit 2 will be delivered vacant prior to closing. (Rent potential is $1,000+ per month for this unit). So much to offer & will not last! Call to schedule a private showing today!

Last Agent to Sell the Property

Max Lomas

(215) 207-8676 maxelomas@gmail.com Real Broker LLC License #RS342877 Listed on: 06/30/2023

Last Buyer's Agent

Angela Gonzalez

(856) 494-8080 angela@agonzalezhomes.com Better Homes and Gardens Real Estate Maturo License #2077436

Better Homes and Gardens Real Estate Maturo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,799

Year Built

  • Built in 1900

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 123.00 x 105.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • 1,932 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 00007
  • Assessor Parcel Number 10-00074-00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,799

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1932
  • Living Area Sq Ft: 1932
  • Price Per Sq Ft: 89.03
  • Above Grade Finished Sq Ft: 1932
  • 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: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.30
  • Lot Dimensions: 123.00 x 105.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12915.00
  • Zoning: B-1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 4799.00
  • Assessor Parcel Number: 10-00074-00007
  • Tax Lot: 00007
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MILLVILLE BOARD OF EDUCATION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Aug 4, 2023
Sold by
Clay James
Bought by
Robina Properties Llc
Seller's Agent
Max Lomas
Real Broker LLC
Buyer's Agent
Angela Gonzalez
Better Homes and Gardens Real Estate Maturo
List Price
$172,000
Sold Price
$170,000
Premium/Discount to List
-$2,000
-1.16%
Views
44
Current Estimated Value
$255,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,067
Avg. Annual Appreciation
18.85%
Original Mortgage
$119,000
Outstanding Balance
$116,238
Interest Rate
6.71%
Mortgage Type
Construction
Estimated Equity
$138,829

Purchase Details

Listed on
Mar 30, 2020
Closed on
May 21, 2020
Sold by
Fnma
Bought by
Clay James
Seller's Agent
Michele Kelly
S KELLY REAL ESTATE LLC
Buyer's Agent
Tara Clay
A R FANUCCI REAL ESTATE INC
List Price
$89,900
Sold Price
$93,000
Premium/Discount to List
$3,100
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.74%

Purchase Details

Closed on
Jan 27, 2020
Sold by
Fnma
Bought by
Fnma

Purchase Details

Closed on
Jul 6, 2006
Sold by
Schwegel Shirley A
Bought by
Cheesman Deric G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Robina Properties Llc $170,000 National Integrity
Robina Properties Llc $170,000 National Integrity
Clay James $93,000 None Available
Fnma -- None Available
Cheesman Deric G $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robina Properties Llc $119,000
Closed Robina Properties Llc $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2023 08/04/23 Sold $170,000 -1.2% $88 / Sq Ft
06/30/2023 06/30/23 For Sale $172,000 +84.9% $89 / Sq Ft
05/22/2020 05/22/20 Sold $93,000 +3.4% $51 / Sq Ft View Prior Sale
04/27/2020 04/27/20 Pending -- -- --
03/30/2020 03/30/20 For Sale $89,900 -- $49 / 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 $4,969 $126,600 $27,300 $99,300
2024 $4,969 $126,600 $27,300 $99,300
2023 $4,927 $126,600 $27,300 $99,300
2022 $4,799 $126,600 $27,300 $99,300
2021 $4,621 $126,600 $27,300 $99,300
2020 $4,566 $126,600 $27,300 $99,300
2019 $4,355 $126,600 $27,300 $99,300
2018 $4,265 $126,600 $27,300 $99,300
2017 $4,226 $126,600 $27,300 $99,300
2016 $4,173 $126,600 $27,300 $99,300
2015 $4,079 $126,600 $27,300 $99,300
2014 $4,087 $126,600 $27,300 $99,300
Source: Public Records

Agents Affiliated with this Home

  • Max Lomas

    Seller's Agent in 2023

    Max Lomas

    Real Broker LLC

    (215) 207-8676

    6 in this area

    794 Total Sales

    Max Lomas
    Section Image
  • Angela Gonzalez

    Buyer's Agent in 2023

    Angela Gonzalez

    Better Homes and Gardens Real Estate Maturo

    (856) 494-8080

    3 in this area

    50 Total Sales

    Angela Gonzalez
    Section Image
  • Michele Kelly

    Seller's Agent in 2020

    Michele Kelly

    S KELLY REAL ESTATE LLC

    (856) 457-2830

    65 in this area

    288 Total Sales

    Michele Kelly
    Section Image

  • T

    Buyer's Agent in 2020

    Tara Clay

    A R FANUCCI REAL ESTATE INC

    (609) 805-0053

    2 in this area

    7 Total Sales

    Tara Clay
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJCB2013306

Bright MLS

APN: 10-00074-0000-00007

New Jersey Cumberland County Millville 08332

16 Chestnut St, Millville, NJ

Not Listed for Sale

MultiFamily

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