16 Lanning St Ewing, NJ 08618
Parkway Village NeighborhoodEstimated Value: $308,717 - $373,000
--
Bed
--
Bath
1,450
Sq Ft
$234/Sq Ft
Est. Value
About This Home
As of September 2022Duplex close to College of Nj that has 2 units. 1st Floor unit has 2 Bedrooms and 1 Full Bath that has new carpet installed 7/2022. 1st Floor is currently vacant and was rented at $1,100 a month. 2nd Floor unit has 1 Bedroom and 1 full bath and currently has a lease that will expire Sep 2022. It is currently rented at $800 per month and the current tenant has been in place for 5 years. The basement is common and has 2 washers and 2 Dryers a set for each unit. The basement has 1st Floor unit access and the 2nd Floor utilizes the bilco door. Separate utilities for each unit. It is a great passive income property for both new and seasoned investors.
Last Listed By
David DePaola and Company Real Estate License #1756855 Listed on: 07/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,431
Year Built
- Built in 1955
Lot Details
- 7,828 Sq Ft Lot
- Lot Dimensions are 76.00 x 103.00
- Property is in average condition
Home Design
- 1,450 Sq Ft Home
- Duplex
- Converted Dwelling
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- On-Street Parking
Utilities
- Forced Air Heating System
- 100 Amp Service
- Well
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for real estate taxes
- Tax Lot 00015
- Assessor Parcel Number 02-00242-00015
Community Details
Overview
- 2 Units
- 2-Story Building
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 30, 2023
Sold by
Singh Ravinder
Bought by
16 Lanning Street Llc
Total Days on Market
6
Current Estimated Value
Purchase Details
Listed on
Jul 14, 2022
Closed on
Sep 16, 2022
Sold by
Gamble Gregory T and Gamble Tina M
Bought by
Singh Ravinder
Seller's Agent
Nicholas Lamson
David DePaola and Company Real Estate
Buyer's Agent
Michael Matthews
Orange Key Realty
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 12, 2003
Sold by
Antonakos Basil
Bought by
Antonakos Basil and William Antonakos
Purchase Details
Closed on
Sep 30, 2002
Sold by
Anderson Howard
Bought by
Gamble Gregory and Gamble Tina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.18%
Create a Home Valuation Report for This Property
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 16 Lanning Street Llc | -- | -- | |
| Singh Ravinder | $255,000 | Rally Point Title Agency | |
| Antonakos Basil | -- | -- | |
| Gamble Gregory | $138,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Singh Ravinder | $191,250 | |
| Previous Owner | Gamble Gregory T | $176,199 | |
| Previous Owner | Gamble Gregory | $103,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2022 09/20/22 | Sold | $255,000 | -1.9% | $176 / Sq Ft |
| 07/20/2022 07/20/22 | Pending | -- | -- | -- |
| 07/14/2022 07/14/22 | For Sale | $259,900 | 0.0% | $179 / Sq Ft |
| 07/12/2022 07/12/22 | Price Changed | $259,900 | -- | $179 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,777 | $183,300 | $49,000 | $134,300 |
| 2023 | $6,777 | $183,300 | $49,000 | $134,300 |
| 2022 | $6,593 | $183,300 | $49,000 | $134,300 |
| 2021 | $6,432 | $183,300 | $49,000 | $134,300 |
| 2020 | $4,978 | $143,900 | $49,000 | $94,900 |
| 2019 | $4,848 | $143,900 | $49,000 | $94,900 |
| 2018 | $5,483 | $103,800 | $29,600 | $74,200 |
| 2017 | $5,610 | $103,800 | $29,600 | $74,200 |
| 2016 | $5,535 | $103,800 | $29,600 | $74,200 |
| 2015 | $5,461 | $103,800 | $29,600 | $74,200 |
| 2014 | $5,446 | $103,800 | $29,600 | $74,200 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Lamson
Seller's Agent in 2022
Nicholas Lamson
David DePaola and Company Real Estate
(609) 209-8426
5 in this area
72 Total Sales
-
Michael Matthews
Buyer's Agent in 2022
Michael Matthews
Orange Key Realty
(732) 742-2570
2 in this area
313 Total Sales
Map
Source: Bright MLS
MLS Number: NJME2019648
APN: 02-00242-0000-00015
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