NOT LISTED FOR SALE

16 Lanning St Ewing, NJ 08618

Parkway Village Neighborhood

Estimated Value: $322,000 - $394,000

Studio
-- Bath
1,450 Sq Ft
$245/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $255,000 $176 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,438/month

6 Days on Market

About This Home

As of September 2022

Duplex 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 Agent to Sell the Property

Nicholas Lamson

(609) 209-8426 nicklamson@depaola.com David DePaola and Company Real Estate License #1756855 Listed on: 07/14/2022

Last Buyer's Agent

Michael Matthews

(732) 742-2570 michaelokr@gmail.com Orange Key Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,431

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: UPSTAIRS AIR CONDITIONING UNIT
  • Home Warranty: No
  • Inclusions: All appliances as Exist
  • New Construction: No
  • Expected On Market: 2022-07-31
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Total Sq Ft: 1450
  • Living Area Sq Ft: 1450
  • Price Per Sq Ft: 179.24
  • Above Grade Finished Sq Ft: 1450
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Water Available
  • Water Source: Well

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 134300.00
  • Land Assessed Value: 49000.00
  • Lot Size Acres: 0.18
  • Lot Dimensions: 76.00 x 103.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7828.00
  • Property Condition: Average
  • Zoning: R-2

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Taxes - Real Estate
  • Total Actual Rent: 22800.00
  • Units Leased Count: 1
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2077761
  • Tax Annual Amount: 6431.00
  • Assessor Parcel Number: 02-00242-00015
  • Tax Lot: 00015
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: EWING TOWNSHIP PUBLIC SCHOOLS

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
Current Estimated Value
$354,958

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.
Avg. Annual Appreciation
10.48%
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%
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
16 Lanning Street Llc -- --
Singh Ravinder $255,000 Rally Point Title Agency
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 $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $7,209 $183,300 $49,000 $134,300
2024 $6,777 $183,300 $49,000 $134,300
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

    67 Total Sales

    Nicholas Lamson
    Section Image
  • Michael Matthews

    Buyer's Agent in 2022

    Michael Matthews

    Orange Key Realty

    (732) 742-2570

    2 in this area

    273 Total Sales

    Michael Matthews
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJME2019648

Bright MLS

APN: 02-00242-0000-00015

New Jersey Mercer County Ewing 08618 Parkway Village

16 Lanning St, Ewing, NJ

Not Listed for Sale

MultiFamily

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