NOT LISTED FOR SALE

16 E Pine St Millville, NJ 08332

Estimated Value: $267,632

-- Bed
-- Bath
3,522 Sq Ft
$76/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $165,000 $47 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,941/month

Highlights

  • Wood Flooring
  • No HOA
  • More Than Two Accessible Exits
  • 1 Fireplace
  • Paneling
  • Vehicle Transfer Area

About This Home

As of July 2021

Let the rent of one unit pay your mortgage and bills for you while you use the other unit. This well maintained property will provide you with plenty of options for living, renting and/or working from home. The 2,200 sqft first floor has maintained its original charm with high ceilings, brick fireplace, hardwood flooring and bold wood trim. You will find a total of 7 rooms, kitchenette , bathroom, access to basement and front and rear entry to the building. The 2nd and 3rd floor provides more than 1,300 sqft of living space with 6 rooms, kitchen, bathroom and cedar closet. This living space has both an interior and private exterior entrance. Property has ample off street parking for both units in the rear of the building. Located just off the main street this property is within walking distance to the Maurice River, stores and restaurants. Great price for an income generating well kept building .

Last Agent to Sell the Property

Amy Lombardo

(609) 705-5101 Amy.lombardo@foxroach.com Compass New Jersey, LLC - Ocean City Listed on: 02/22/2021

Compass New Jersey, LLC - Ocean City

Last Buyer's Agent

Larry DePalma

(856) 364-6697 larry.depalma@gmail.com DePalma Realty License #7839819

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,589

Year Built

  • Built in 1944

Lot Details

  • 6,338 Sq Ft Lot
  • Lot Dimensions are 72.00 x 888.00
  • Property is in very good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Plaster Walls
  • Asphalt Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,522 Sq Ft Home
  • Paneling
  • Brick Wall or Ceiling
  • 1 Fireplace
  • Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • 10 Off-Street Spaces
  • Paved Parking
  • Parking Lot

Accessible Home Design

  • More Than Two Accessible Exits
  • Level Entry For Accessibility
  • Ramp on the main level
  • Vehicle Transfer Area

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 220 Volts
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 10-00411-00004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,589

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Accessibility Features: 2+ Access Exits, Level Entry - Main, Ramp - Main Level, Vehicle Transfer Area
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1944
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood, Carpet, Vinyl
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Paneled Walls, Dry Wall, Brick, Plaster Walls
  • Basement: Yes
  • Basement Type: Interior Access
  • Total Sq Ft: 3522
  • Living Area Sq Ft: 3522
  • Price Per Sq Ft: 49.69
  • Above Grade Finished Sq Ft: 3522
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco
  • Roof: Asphalt, Flat, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Off Street, Parking Lot
  • Off Street Parking Spaces: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Electric Service: 220 Volts
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Radiator, Steam
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 193700.00
  • Land Assessed Value: 16700.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 72.00 x 888.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6338.00
  • Property Condition: Very Good
  • Zoning: B-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1

Tax Info

  • Assessor Parcel Number: 3136333
  • Tax Annual Amount: 7589.00
  • Assessor Parcel Number: 10-00411-00004
  • Tax Lot: 00004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MILLVILLE BOARD OF EDUCATION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2024
Sold by
Vandelay Group Llc
Bought by
Levoy Theatre Preservation Society Inc
Current Estimated Value
$267,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$185,243
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$82,389

Purchase Details

Listed on
Feb 22, 2021
Closed on
Jul 1, 2021
Sold by
Grapjicus Development Llc
Bought by
Vandelay Group Llc
Seller's Agent
Amy Lombardo
Compass New Jersey, LLC - Ocean City
Buyer's Agent
Larry DePalma
DePalma Realty
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.93%

Purchase Details

Closed on
Apr 13, 2007
Sold by
High Street Design Llc
Bought by
Graphicus Development Llc

Purchase Details

Closed on
Oct 8, 2004
Sold by
Slater Carol
Bought by
High Street Design Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 1998
Sold by
Estate Of Florence Davidow
Bought by
Slater Carol
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
Levoy Theatre Preservation Society Inc $250,000 None Listed On Document
Levoy Theatre Preservation Society Inc $250,000 None Listed On Document
Vandelay Group Llc $165,000 Misc Company
Graphicus Development Llc $300,000 --
Graphicus Communications Llc $300,000 --
High Street Design Llc $185,000 --
Slater Carol $42,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levoy Theatre Preservation Society Inc $187,500
Closed Levoy Theatre Preservation Society Inc $187,500
Previous Owner High Street Design Llc $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $165,000 -5.7% $47 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $175,000 0.0% $50 / Sq Ft
12/01/2012 12/01/12 Rented -- -- --
11/01/2012 11/01/12 Under Contract -- -- --
03/22/2012 03/22/12 For Rent -- -- --
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 $6,476 $165,000 $16,700 $148,300
2024 $6,476 $165,000 $16,700 $148,300
2023 $6,422 $165,000 $16,700 $148,300
2022 $7,976 $210,400 $16,700 $193,700
2021 $7,717 $210,400 $16,700 $193,700
2020 $7,589 $210,400 $16,700 $193,700
2019 $7,238 $210,400 $16,700 $193,700
2018 $7,088 $210,400 $16,700 $193,700
2017 $7,023 $210,400 $16,700 $193,700
2016 $6,935 $210,400 $16,700 $193,700
2015 $6,779 $210,400 $16,700 $193,700
2014 $6,792 $210,400 $16,700 $193,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB131424

Bright MLS

APN: 10-00411-0000-00004