NOT LISTED FOR SALE

16 Lee Ave New Brunswick, NJ 08901

Estimated Value: $428,131 - $530,000

3 Beds
2 Baths
1,680 Sq Ft
$284/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $320,000 $190 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,096/month

130 Days on Market

About This Home

As of June 2022

2-FAMILY INVESTMENT OPPORTUNITY - House convenient to Rutgers with 2 apartments. Apartment 2 (rear) has 1 bedroom and 1 bathroom. Apartment 1 (front) has 2 bedrooms and 1 bath. Separate gas and electric meters. Both apartments are leased to very good tenants month-to-month.

Last Agent to Sell the Property

Mary Churchill

COLDWELL BANKER REALTY Listed on: 01/23/2022

COLDWELL BANKER REALTY

Co-Listed By

Barry Lasner

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,836

Year Built

  • Built in 1880

Lot Details

  • 2,222 Sq Ft Lot
  • Lot Dimensions are 37x60
  • Corner Lot

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Baseboard Heater
  • Gas Water Heater

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,836

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.051
  • Lot Size: 37X60
  • Co List Office Mls Id: CBRB01
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1880
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Unit 1(1 Bath,2 Bedrooms,Kitchen,Living Room), Unit 2(1 Bath,1 Bedroom,Kitchen,Living Room)
  • Living Area: 1680
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2222
  • Zoning: R-5A

Tax Info

  • Tax Annual Amount: 5836
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2022
Closed on
May 27, 2022
Sold by
William Craelius
Bought by
Ruivo Andrew
Seller's Agent
Mary Churchill
COLDWELL BANKER REALTY
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$476,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,533
Avg. Annual Appreciation
11.83%
Original Mortgage
$309,320
Outstanding Balance
$294,308
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$164,317

Purchase Details

Closed on
Nov 30, 1999
Sold by
Rips Ervine
Bought by
Craelius William
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
Ruivo Andrew $320,000 Old Republic Title
Craelius William $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruivo Andrew $309,320
Previous Owner Craelius William $88,541
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2022 06/26/22 Off Market $320,000 -- --
06/02/2022 06/02/22 Sold $320,000 -8.6% $190 / Sq Ft
05/27/2022 05/27/22 Off Market $350,000 -- --
01/23/2022 01/23/22 For Sale $320,000 -- $190 / Sq Ft
Source: All Jersey 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
2024 $5,986 $235,400 $78,600 $156,800
2023 $5,986 $235,400 $78,600 $156,800
2022 $5,859 $235,400 $78,600 $156,800
2021 $5,826 $235,400 $78,600 $156,800
2020 $5,814 $235,400 $78,600 $156,800
2019 $5,704 $235,400 $78,600 $156,800
2018 $5,574 $235,400 $78,600 $156,800
2017 $5,353 $235,400 $78,600 $156,800
2016 $6,341 $108,100 $22,000 $86,100
2015 $6,190 $108,100 $22,000 $86,100
2014 $6,080 $108,100 $22,000 $86,100
Source: Public Records

Agents Affiliated with this Home

  • Mary Churchill

    Seller's Agent in 2022

    Mary Churchill

    COLDWELL BANKER REALTY

    (908) 930-4800

    2 in this area

    131 Total Sales

    Mary Churchill
    Section Image
  • Barry Lasner

    Seller Co-Listing Agent in 2022

    Barry Lasner

    COLDWELL BANKER REALTY

    (732) 672-2400

    2 in this area

    116 Total Sales

    Barry Lasner
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2250937M

All Jersey MLS

APN: 13-00140-0000-00020

New Jersey Middlesex County New Brunswick 08901

16 Lee Ave, New Brunswick, NJ

This home is located at 16 Lee Ave, New Brunswick, NJ 08901 since 23 January 2022 and is currently estimated at $476,533, approximately $283 per square foot. This property was built in 1880. 16 Lee Ave is a home located in Middlesex County with nearby schools including New Brunswick High School, Central Jersey College Prep Charter School, and St. Mary of Mount Virgin School.

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