NOT LISTED FOR SALE

1614 Kings Hwy Swedesboro, NJ 08085

Estimated Value: $265,020 - $295,000

-- Bed
-- Bath
2,062 Sq Ft
$136/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $162,500 $79 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,008/month

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Gen. Charles G. Harker School Rated A-
  • More Than Two Accessible Exits

About This Home

As of May 2021

Investor special! Fully occupied duplex in the heart of Swedesboro, NJ. Both units are 3 bed/1 bath Unit A is month to month, paying $1,000/mo and Unit B pays $1,485/month. Utility meters are already separated, and tenants are responsible for all utilities. As an added bonus, this property is centrally located near the NJ Turnpike, Route 295, Route 55, etc; allowing for easy highway access to Pennslyvania, Delaware, the Jersey Shore, etc.

Last Agent to Sell the Property

Brandon Hedenberg

(856) 397-5744 brandon.hedenberg@foxroach.com Hedenberg Real Estate Company LLC License #AB069194 Listed on: 11/28/2020

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,200

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 93.00 x 150.00

Home Design

  • Duplex
  • Colonial Architecture
  • Side-by-Side
  • Frame Construction

Parking

  • 16 Parking Spaces
  • 8 Driveway Spaces
  • 8 Off-Site Spaces
  • Private Parking
  • On-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 17-00049-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,200

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side, Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2020-11-28
  • Year Built: 1900
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2862
  • Living Area Sq Ft: 2062
  • Price Per Sq Ft: 84.87
  • Above Grade Finished Sq Ft: 2062
  • Above Grade Unfinished Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above 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
  • Parking Features: Private
  • Total Garage And Parking Spaces: 16
  • Type Of Parking: Driveway, Off Site, On Street
  • Number of Spaces in Driveway: 8
  • Off Site Number Of Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 93.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13950.00
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 29820.00

Tax Info

  • Tax Annual Amount: 6200.00
  • Assessor Parcel Number: 17-00049-00002
  • Tax Lot: 00002
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: KINGSWAY REGIONAL HIGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2020
Closed on
May 26, 2021
Sold by
Martorano Philip J and Martorano Philip J
Bought by
Genovese John V and Lin Ching Hsiang
Seller's Agent
Brandon Hedenberg
Hedenberg Real Estate Company LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%
Current Estimated Value
$279,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,255
Avg. Annual Appreciation
13.11%
Original Mortgage
$121,875
Outstanding Balance
$110,343
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$169,412

Purchase Details

Closed on
Feb 14, 2017
Sold by
Martorano Philip J
Bought by
Philip J Martorano Jr The Irrevocable Fa

Purchase Details

Closed on
Sep 15, 2014
Sold by
Gambino Giuseppa T and Martorano Giuseppa
Bought by
Martorano Philip J

Purchase Details

Closed on
Jul 31, 2007
Sold by
Libetti Victor J and Libetti Catherine M
Bought by
Martorano Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2005
Sold by
Libetti Victor J and Libetti Catherine M
Bought by
Libetti Victor J and Libetti Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,220
Interest Rate
5.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2004
Sold by
Muraca Frank and Muraca Debra A
Bought by
Libetti Victor and Oliver Catherine M

Purchase Details

Closed on
May 17, 1996
Sold by
Fink Doris N and Fink Joseph
Bought by
Muraca Frank and Muraca Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,200
Interest Rate
7.77%
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
Genovese John V $162,500 Westcor Land Title Ins Co
Philip J Martorano Jr The Irrevocable Fa $138,500 None Available
Martorano Philip J -- Attorney
Martorano Philip $157,000 Precision Title Agency
Libetti Victor J -- Congress
Libetti Victor $126,000 Congress Title
Muraca Frank $59,000 Victorian Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Genovese John V $121,875
Previous Owner Martorano Philip $141,300
Previous Owner Libetti Victor J $113,220
Previous Owner Muraca Frank $47,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2021 05/27/21 Sold $162,500 -7.1% $79 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
11/28/2020 11/28/20 For Sale $175,000 -- $85 / 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 $6,493 $152,700 $36,500 $116,200
2024 $6,436 $152,700 $36,500 $116,200
2023 $6,436 $152,700 $36,500 $116,200
2022 $6,423 $152,700 $36,500 $116,200
2021 $6,427 $152,700 $36,500 $116,200
2020 $6,200 $152,700 $36,500 $116,200
2019 $6,090 $152,700 $36,500 $116,200
2018 $6,149 $152,700 $36,500 $116,200
2017 $6,116 $152,700 $36,500 $116,200
2016 $6,110 $152,700 $36,500 $116,200
2015 $5,934 $152,700 $36,500 $116,200
2014 $6,753 $184,200 $46,300 $137,900
Source: Public Records

Agents Affiliated with this Home

  • Brandon Hedenberg

    Seller's Agent in 2021

    Brandon Hedenberg

    Hedenberg Real Estate Company LLC

    (856) 397-5744

    1 in this area

    101 Total Sales

    Brandon Hedenberg
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Map

Source: Bright MLS

MLS Number: NJGL268446

Bright MLS

APN: 17-00049-0000-00002

New Jersey Gloucester County Swedesboro 08085

1614 Kings Hwy, Swedesboro, NJ

This home is located at 1614 Kings Hwy, Swedesboro, NJ 08085 since 28 November 2020 and is currently estimated at $279,755, approximately $135 per square foot. This property was built in 1900. 1614 Kings Hwy is a home located in Gloucester County with nearby schools including Margaret C Clifford School, Gov. Charles C. Stratton School, and Gen. Charles G. Harker School.

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