NOT LISTED FOR SALE

16 N Olden Ave Trenton, NJ 08609

Wilbur Neighborhood

Estimated Value: $157,000 - $223,000

-- Bed
-- Bath
1,200 Sq Ft
$157/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $130,000 $108 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,226/month

4 Days on Market

About This Home

As of January 2023

Excellent opportunity for an investment. Two units. First rental is paying 800 a month. 2nd floor unit is paying 1100 a month.

Last Agent to Sell the Property

Allan Forsyth

(732) 768-7313 aforsyth@eracentral.com ERA Central Realty Group - Bordentown Listed on: 10/29/2022

ERA Central Realty Group - Bordentown

Last Buyer's Agent

CH Tai

(609) 577-8012 ch.tai@cbmoves.com Coldwell Banker Residential Brokerage - Princeton License #787409

Coldwell Banker Residential Brokerage - Princeton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,715

Year Built

  • Built in 1886

Lot Details

  • 975 Sq Ft Lot
  • Lot Dimensions are 15.00 x 65.00

Parking

  • On-Street Parking

Home Design

  • 1,200 Sq Ft Home
  • Duplex
  • A-Frame Home
  • Frame Construction

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00045
  • Assessor Parcel Number 11-25902-00045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,715

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1886
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 108.33
  • Above Grade Finished Sq Ft: 1200
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 44200.00
  • Land Assessed Value: 4700.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 65.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 975.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Rent Control: No
  • Total Actual Rent: 26400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2167918
  • Tax Annual Amount: 2715.00
  • Assessor Parcel Number: 11-25902-00045
  • Tax Lot: 00045
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2022
Closed on
Jan 5, 2023
Sold by
Lima Victor Hugo
Bought by
Ghan Lewis
Seller's Agent
Allan Forsyth
ERA Central Realty Group - Bordentown
Buyer's Agent
CH Tai
Coldwell Banker Residential Brokerage - Princeton
List Price
$130,000
Sold Price
$130,000
Views
16
Current Estimated Value
$188,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,164
Avg. Annual Appreciation
14.06%
Original Mortgage
$97,500
Outstanding Balance
$94,418
Interest Rate
6.48%
Estimated Equity
$93,746

Purchase Details

Listed on
Dec 12, 2017
Closed on
Feb 9, 2018
Sold by
Fannie Mae
Bought by
Lima Victor Hugo
Seller's Agent
Guillermo Gomez
Finca Realty, LLC
Buyer's Agent
Allan Forsyth
ERA Central Realty Group - Bordentown
List Price
$5,000
Sold Price
$11,100
Premium/Discount to List
$6,100
122%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.06%

Purchase Details

Listed on
Dec 12, 2017
Closed on
Dec 11, 2017
Sold by
Morton Walter and Rosado Nancy
Bought by
Federal National Mortgage Association
Seller's Agent
Guillermo Gomez
Finca Realty, LLC
Buyer's Agent
Allan Forsyth
ERA Central Realty Group - Bordentown
List Price
$5,000
Sold Price
$11,100
Premium/Discount to List
$6,100
122%

Purchase Details

Closed on
Feb 3, 2004
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
Ghan Lewis $130,000 Foundation Title
Ghan Lewis $130,000 Foundation Title
Lima Victor Hugo $11,100 Servicelink Llc
Federal National Mortgage Association -- None Available
-- $79,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghan Lewis $97,500
Closed Ghan Lewis $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2023 01/06/23 Sold $130,000 0.0% $108 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
10/29/2022 10/29/22 For Sale $130,000 +1071.2% $108 / Sq Ft
02/09/2018 02/09/18 Sold $11,100 +122.0% $9 / Sq Ft View Prior Sale
12/29/2017 12/29/17 Pending -- -- --
12/12/2017 12/12/17 For Sale $5,000 -- $4 / 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 $2,837 $75,900 $4,700 $71,200
2024 $2,722 $48,900 $4,700 $44,200
2023 $2,722 $48,900 $4,700 $44,200
2022 $2,669 $48,900 $4,700 $44,200
2021 $2,715 $48,900 $4,700 $44,200
2020 $2,707 $48,900 $4,700 $44,200
2019 $2,663 $48,900 $4,700 $44,200
2018 $2,549 $48,900 $4,700 $44,200
2017 $2,423 $48,900 $4,700 $44,200
2016 $2,514 $43,700 $5,600 $38,100
2015 $2,505 $43,700 $5,600 $38,100
2014 $2,494 $43,700 $5,600 $38,100
Source: Public Records

Agents Affiliated with this Home

  • Allan Forsyth

    Seller's Agent in 2023

    Allan Forsyth

    ERA Central Realty Group - Bordentown

    (732) 768-7313

    1 in this area

    28 Total Sales

    Allan Forsyth
    Section Image
  • CH Tai

    Buyer's Agent in 2023

    CH Tai

    Coldwell Banker Residential Brokerage - Princeton

    (609) 577-8012

    1 in this area

    27 Total Sales

    CH Tai
    Section Image
  • Guillermo Gomez

    Seller's Agent in 2018

    Guillermo Gomez

    Finca Realty, LLC

    (609) 915-7085

    1 in this area

    16 Total Sales

    Guillermo Gomez
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME2023934

Bright MLS

APN: 11-25902-0000-00045

New Jersey Mercer County Trenton 08609 Wilbur

16 N Olden Ave, Trenton, NJ

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