NOT LISTED FOR SALE

1918 Greenwood Ave Trenton, NJ 08609

Estimated Value: $288,766 - $326,000

-- Bed
-- Bath
2,042 Sq Ft
$151/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $170,000 $83 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,081/month

About This Home

As of October 2019

Investment opportunity for a multi-family/mixed use building in Hamilton Township. 4 Total Units on an enlarged lot. Lot was previously subdivided, and may offer a possible subdivision opportunity for the future. The units located in the front of the building on the first floor are currently occupied by a hair brading salon, and a tarrot card reader/psychic. The back unit, and the upstairs unit are occupied by residential rental tenants. The furnace is between 7-8 years old, roof is only 8 years old, and the water heater is less than 1 year old. Also, separate electric meters for each unit. Owner may also be willing to hold a mortgage with a 25% down payment, and an attractive interest rate.

Last Agent to Sell the Property

Christopher Avallon

(609) 436-0419 chris@avallonre.com Avallon Real Estate Group License #RM425943 Listed on: 06/27/2019

Last Buyer's Agent

amit shah

(917) 881-3009 amitshah.realestate@gmail.com Realty Mark Central, LLC

Realty Mark Central, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,230

Year Built

  • Built in 1935

Lot Details

  • 5,353 Sq Ft Lot
  • Lot Dimensions are 53.00 x 101.00

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 2,042 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, gas, electricity, real estate taxes, insurance
  • Tax Lot 00008
  • Assessor Parcel Number 03-01751-00008

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Building Details

  • Insurance Expense $183
  • Maintenance Expense $200
  • Net Operating Income $18,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,230

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: tenants possessions
  • Inclusions: all appliances (not owned by tenants)
  • New Construction: No
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2042
  • Living Area Sq Ft: 2042
  • Price Per Sq Ft: 100.39
  • Above Grade Finished Sq Ft: 2042
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks, Street Lights
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 102700.00
  • Land Assessed Value: 55400.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: 53.00 x 101.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5353.00
  • Zoning: 4A

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Owner Pays: Water, Sewer, Gas, Electricity, Taxes - Real Estate, Insurance
  • Total Actual Rent: 32940.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 32940.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 2090948
  • Tax Annual Amount: 5230.00
  • Assessor Parcel Number: 03-01751-00008
  • Tax Lot: 00008
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2019
Closed on
Oct 24, 2019
Sold by
Aboelnaga Kamal and Aboelnaga Soheir
Bought by
Ram Estates Llc
Seller's Agent
Christopher Avallon
Avallon Real Estate Group
Buyer's Agent
amit shah
Realty Mark Central, LLC
List Price
$205,000
Sold Price
$170,000
Premium/Discount to List
-$35,000
-17.07%
Current Estimated Value
$307,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,383
Avg. Annual Appreciation
10.27%
Original Mortgage
$130,000
Outstanding Balance
$76,851
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$230,532

Purchase Details

Closed on
Apr 30, 1992
Bought by
Aboelnaga Kamal and Aboelnaga Soheir
Source: Public Records

Range of Values:

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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
Ram Estates Llc $170,000 Greater Nj Title Agency
Aboelnaga Kamal $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ram Estates Llc $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2019 10/25/19 Sold $170,000 -17.1% $83 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $205,000 -- $100 / 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 $5,571 $229,400 $55,400 $174,000
2024 $5,222 $158,100 $55,400 $102,700
2023 $5,222 $158,100 $55,400 $102,700
2022 $5,140 $158,100 $55,400 $102,700
2021 $6,076 $158,100 $55,400 $102,700
2020 $5,507 $158,100 $55,400 $102,700
2019 $5,368 $158,100 $55,400 $102,700
2018 $5,230 $158,100 $55,400 $102,700
2017 $5,094 $158,100 $55,400 $102,700
2016 $4,275 $158,100 $55,400 $102,700
2015 $5,140 $102,000 $35,300 $66,700
2014 $5,040 $102,000 $35,300 $66,700
Source: Public Records

Agents Affiliated with this Home

  • Christopher Avallon

    Seller's Agent in 2019

    Christopher Avallon

    Avallon Real Estate Group

    (609) 436-0419

    1 in this area

    67 Total Sales

    Christopher Avallon
    Section Image
  • amit shah

    Buyer's Agent in 2019

    amit shah

    Realty Mark Central, LLC

    (917) 881-3009

    1 in this area

    3 Total Sales

    amit shah
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME281674

Bright MLS

APN: 03-01751-0000-00008

New Jersey Mercer County Trenton 08609

1918 Greenwood Ave, Trenton, NJ

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