NOT LISTED FOR SALE

1778 E State St Trenton, NJ 08609

Estimated Value: $262,863 - $472,000

-- Bed
-- Bath
2,190 Sq Ft
$167/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $160,000 $73 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $2,242/month

Highlights

  • No HOA
  • Wall to Wall Carpet
  • 3-minute walk to Farmingdale Park
  • Forced Air Heating System

About This Home

As of November 2020

This 2 units building is next to Studio Park in Hamilton Township's art district. Not too far from Grounds for Sculpture. Fully rented. Lower unit is 3 bedroom, 1.5 bath and have private and shared entry. Upper unit is 2 bedroom, 1 full bath with a shared entry. Separate utilities. Water heater, Steam Boiler, Roof, First floor Windows and Updated electrical were done in last couple of years. It has a large and walkout basement and fenced side corner yard. Easy street parking. Easy access to almost everything in Hamilton, Trenton and Princeton. 15% Cap rate. Plumbing & Sewer updated last year. Front roof replaced whole roof re-painted in last two years. Excellent opportunity for investors or someone to live at one unit and rent the other out. Just sit back and start collecting rent. Public open house between 4-6 pm, Wed, 9/2/2020 for downstaire unit

Last Agent to Sell the Property

CH Tai

(609) 577-8012 ch.tai@cbmoves.com Coldwell Banker Residential Brokerage - Princeton License #787409 Listed on: 08/17/2020

Coldwell Banker Residential Brokerage - Princeton

Last Buyer's Agent

LEE YEEN TAI

(609) 651-6988 lee.tai@gmail.com Coldwell Banker Residential Brokerage - Princeton License #235266

Coldwell Banker Residential Brokerage - Princeton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,609

Year Built

  • Built in 1900

Lot Details

  • 3,325 Sq Ft Lot
  • Lot Dimensions are 95.00 x 35.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Bi-Level Home
  • Flat Roof Shape
  • Pitched Roof

Interior Spaces

  • 2,190 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Hamilton North-Nottingham High School

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00001
  • Assessor Parcel Number 03-01637-00001

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,609

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Vinyl, Fully Carpeted
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2190
  • Living Area Sq Ft: 2190
  • Price Per Sq Ft: 82.19
  • Above Grade Finished Sq Ft: 2190
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched
  • 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
  • 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
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: HAMILTON NORTH-NOTTINGHAM H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 87000.00
  • Land Assessed Value: 19300.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 95.00 x 35.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3325.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

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

Tax Info

  • Assessor Parcel Number: 2088014
  • Tax Annual Amount: 3609.00
  • Assessor Parcel Number: 03-01637-00001
  • Tax Lot: 00001
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Dec 1, 2020
Sold by
Karn Brij
Bought by
Abdullah Mohamed Mohamed
Seller's Agent
CH Tai
Coldwell Banker Residential Brokerage - Princeton
Buyer's Agent
LEE YEEN TAI
Coldwell Banker Residential Brokerage - Princeton
List Price
$180,000
Sold Price
$160,000
Premium/Discount to List
-$20,000
-11.11%
Current Estimated Value
$365,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,466
Avg. Annual Appreciation
18.12%
Original Mortgage
$152,000
Outstanding Balance
$135,258
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$230,208

Purchase Details

Listed on
Jan 22, 2017
Closed on
Mar 15, 2017
Sold by
Sehdom Abram and Sedham Abram
Bought by
Brij Karn
Seller's Agent
Aleah Hosszu
Smires & Associates
Buyer's Agent
LEE YEEN TAI
Coldwell Banker Residential Brokerage - Princeton
List Price
$109,900
Sold Price
$110,500
Premium/Discount to List
$600
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%

Purchase Details

Closed on
Oct 31, 2005
Sold by
Mcrae Anna
Bought by
Sedham Abram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 1999
Sold by
National Loan Investors
Bought by
Mcrae Anna
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
Abdullah Mohamed Mohamed $160,000 New Title Company Name
Brij Karn $110,500 Nrt Title Agency Llc
Sedham Abram $135,000 --
Mcrae Anna $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdullah Mohamed Mohamed $152,000
Previous Owner Sedham Abram $128,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2020 11/30/20 Sold $160,000 -11.1% $73 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $180,000 +62.9% $82 / Sq Ft
03/15/2017 03/15/17 Sold $110,500 +0.5% $50 / Sq Ft View Prior Sale
02/12/2017 02/12/17 Pending -- -- --
01/22/2017 01/22/17 For Sale $109,900 -- $50 / 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 $3,834 $108,800 $19,300 $89,500
2024 $4,426 $108,800 $19,300 $89,500
2023 $4,426 $134,000 $19,300 $114,700
2022 $4,356 $134,000 $19,300 $114,700
2021 $5,150 $99,900 $19,300 $80,600
2020 $3,480 $99,900 $19,300 $80,600
2019 $3,609 $106,300 $19,300 $87,000
2018 $3,516 $106,300 $19,300 $87,000
2017 $3,032 $94,100 $19,300 $74,800
2016 $2,544 $94,100 $19,300 $74,800
2015 $4,495 $89,200 $10,500 $78,700
2014 $4,407 $89,200 $10,500 $78,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME299858

Bright MLS

APN: 03-01637-0000-00001