NOT LISTED FOR SALE

Estimated Value: $137,000 - $307,000

-- Bed
-- Bath
-- Sq Ft
1.03 Acres

Last Sold December 27, 2018

Last sale price $125,000

Est. 107% increase in value since last sale

Current estimated payment $1,877/month

14 Days on Market

Highlights

  • No HOA
  • Wall to Wall Carpet
  • Heating Available

About This Home

As of December 2018

Great Opportunity. This is an investors dream. Selling under appraised value. Each unit is a large 2 bedroom with utility room and an Open Floor Plan with 2 entrances for each. Laminate flooring on lower level and carpeting on 2nd level. Situated on an open 1+ acre lot. Located in a rural area but close to all major roads. Selling As-Is. Don't delay...Opportunity awaits.

Last Agent to Sell the Property

James Sullivan III

(609) 820-7011 jim@thesullivanteam.info Century 21 Rauh & Johns License #8937476 Listed on: 11/05/2018

Century 21 Rauh & Johns

Last Buyer's Agent

James Sullivan III

(609) 820-7011 jim@thesullivanteam.info Century 21 Rauh & Johns License #8937476 Listed on: 11/05/2018

Century 21 Rauh & Johns

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,643

Year Built

  • Built in 1980

Lot Details

  • 1.03 Acre Lot
  • Property is in good condition

Home Design

  • Duplex
  • Aluminum Siding

Flooring

  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Utilities

  • Heating Available
  • 100 Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Tax Lot 00026
  • Assessor Parcel Number 05-00701-00026

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,608
  • Maintenance Expense $1,000
  • Operating Expense $8,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,643

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Existing 2 Refg. 2 Ranges
  • New Construction: No
  • Year Built: 1980
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Hookup
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Sewer Expenses: 300.00
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 133300.00
  • Land Assessed Value: 32200.00
  • Lot Size Acres: 1.03
  • Lot Dimensions: 0 X 0
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 44867.00
  • Property Condition: Good
  • Zoning: RA

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 25800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1977702
  • Tax Annual Amount: 5643.00
  • Assessor Parcel Number: 05-00701-00026
  • Tax Lot: 00026
  • Tax Year: 2018

MLS Schools

  • School District Name: DELSEA REGIONAL HIGH SCHO SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Grochowski Michael B and Grochowski Sharon L
Bought by
1992 Stanton Ave Llc
Current Estimated Value
$258,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Outstanding Balance
$191,117
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$56,299

Purchase Details

Listed on
Nov 5, 2018
Closed on
Dec 27, 2018
Sold by
Sullivan James and Sullivan Lorraine
Bought by
Grochowski Michael B and Grochowski Sharon L
Seller's Agent
James Sullivan III
Century 21 Rauh & Johns
Buyer's Agent
James Sullivan III
Century 21 Rauh & Johns
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%

Purchase Details

Closed on
Jun 2, 2005
Sold by
Holloway David B
Bought by
Karbar Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
1992 Stanton Ave Llc $260,000 Fidelity National Title
1992 Stanton Ave Llc $260,000 Fidelity National Title
Grochowski Michael B $125,000 Foundation Title Llc
Karbar Llc $65,000 Congress
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1992 Stanton Ave Llc $195,000
Closed 1992 Stanton Ave Llc $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2018 12/27/18 Sold $125,000 -16.6% --
11/19/2018 11/19/18 Pending -- -- --
11/16/2018 11/16/18 For Sale $149,900 0.0% --
11/05/2018 11/05/18 For Sale $149,900 0.0% --
10/05/2016 10/05/16 Rented $1,025 +2.5% --
10/03/2016 10/03/16 Under Contract -- -- --
09/16/2016 09/16/16 For Rent $1,000 0.0% --
08/15/2015 08/15/15 Rented $1,000 0.0% --
08/01/2015 08/01/15 Under Contract -- -- --
06/01/2015 06/01/15 For Rent $1,000 +2.6% --
05/01/2014 05/01/14 Rented $975 0.0% --
04/19/2014 04/19/14 Under Contract -- -- --
04/01/2014 04/01/14 For Rent $975 +5.4% --
06/29/2012 06/29/12 Rented $925 0.0% --
06/21/2012 06/21/12 Under Contract -- -- --
05/29/2012 05/29/12 For Rent $925 -- --
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 $6,264 $165,500 $32,200 $133,300
2024 $6,100 $165,500 $32,200 $133,300
2023 $6,100 $165,500 $32,200 $133,300
2022 $5,941 $165,500 $32,200 $133,300
2021 $5,859 $165,500 $32,200 $133,300
2020 $5,796 $165,500 $32,200 $133,300
2019 $5,720 $165,500 $32,200 $133,300
2018 $5,644 $165,500 $32,200 $133,300
2017 $5,538 $165,500 $32,200 $133,300
2016 $5,513 $165,500 $32,200 $133,300
2015 $5,291 $165,500 $32,200 $133,300
2014 $5,094 $165,500 $32,200 $133,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL100794

Bright MLS

APN: 05-00701-0000-00026