NOT LISTED FOR SALE

2 2B Deming Ave Penns Grove, NJ 08069

Estimated Value: $140,000 - $196,000

-- Bed
1 Bath
1,190 Sq Ft
$133/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $80,000 $67 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $969/month

11 Days on Market

Highlights

  • Cape Cod Architecture
  • Forced Air Heating System
  • Electric Baseboard Heater
  • No HOA

About This Home

As of July 2021

Attention Investors! This property consists of two separate homes that are currently both rented for a combined amount of $1600. The larger home has 3 bedrooms & 1 bathroom, eat in kitchen, large living / dining room combo and a full basement. The long-term tenant has resided here over 14 years! The bungalow has 1 bed / 1 bath, living/dining room combo and kitchen. This unit has electric baseboard heat. Both units are fully licensed with approved certificate of occupancies. Purchaser to assume current lease. Situated on a large lot with ample parking on a dead end street. As per seller, this is a Cash only purchase.

Last Agent to Sell the Property

Wendy Sparks

EXP Realty, LLC License #RS-0037140 Listed on: 04/26/2021

EXP Realty, LLC

Last Buyer's Agent

Tawana Jorden

The Riggins Group LLC License #RB-0031261

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 110.00 x 102.00

Home Design

  • 1,190 Sq Ft Home
  • Duplex
  • Cape Cod Architecture
  • Bungalow
  • Frame Construction

Kitchen

  • Stove

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Utilities

  • Forced Air Heating System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 08-00099-00003

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Cape Cod, Bungalow
  • Ownership: Fee Simple
  • Exclusions: tenants property
  • Inclusions: Range & Refrigerator as-is
  • New Construction: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: Attention Investors! This property consists of two separate homes that are currently both rented for a combined amount of $1600. The larger home has 3 bedrooms & 1 bathroom, eat in kitchen, large living / dining room combo and a full basement. The long-term tenant has resided here over 14 years! The bungalow has 1 bed / 1 bath, living/dining room combo and kitchen. This unit has electric baseboard heat. Both units are fully licensed with approved certificate of occupancies. Purchaser to assume current lease. Situated on a large lot with ample parking on a dead end street. As per seller, this is a Cash only purchase.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Total Sq Ft: 1190
  • Living Area Sq Ft: 1190
  • Price Per Sq Ft: 63.03
  • Above Grade Finished Sq Ft: 1190
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

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
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • School District Key: 300200397143
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.26
  • Lot Dimensions: 110.00 x 102.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11220.00
  • Year Assessed: 2020
  • Zoning: R2B

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 19200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5634.00
  • Assessor Parcel Number: 08-00099-00003
  • Tax Lot: 00003
  • Tax Total Finished Sq Ft: 1190
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/14/2021

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jul 14, 2021
Sold by
2 Deming Avenue Llc
Bought by
Brown Thomas
Seller's Agent
Wendy Sparks
EXP Realty, LLC
Buyer's Agent
Tawana Jorden
The Riggins Group LLC
List Price
$75,000
Sold Price
$80,000
Premium/Discount to List
$5,000
6.67%
Current Estimated Value
$149,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,730
Avg. Annual Appreciation
16.32%
Original Mortgage
$60,000
Outstanding Balance
$55,073
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$92,923

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jun 30, 2021
Sold by
2 Deming Avenue Llc
Bought by
Brown Thomas
Seller's Agent
Wendy Sparks
EXP Realty, LLC
Buyer's Agent
Tawana Jorden
The Riggins Group LLC
List Price
$75,000
Sold Price
$80,000
Premium/Discount to List
$5,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$55,073
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$92,923

Purchase Details

Closed on
Dec 22, 2004
Sold by
Krivda Gerald A
Bought by
2 Deming Avenue Llc

Purchase Details

Closed on
Dec 5, 1994
Sold by
Va
Bought by
Krivda Gerald A
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
Brown Thomas $80,000 Land Title
Brown Thomas $80,000 Safe Land Title Agency Llc
2 Deming Avenue Llc -- --
Krivda Gerald A -- West Jersey Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Thomas $60,000
Closed Brown Thomas $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $80,000 +6.7% $67 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $75,000 -- $63 / 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
2024 $6,003 $112,000 $28,600 $83,400
2023 $6,003 $112,000 $28,600 $83,400
2022 $5,787 $112,000 $28,600 $83,400
2021 $4,636 $112,000 $28,600 $83,400
2020 $5,610 $112,000 $28,600 $83,400
2019 $5,634 $112,000 $28,600 $83,400
2018 $5,676 $140,700 $25,600 $115,100
2017 $5,696 $140,700 $25,600 $115,100
2016 $5,480 $140,700 $25,600 $115,100
2015 $5,250 $140,700 $25,600 $115,100
2014 $5,192 $140,700 $25,600 $115,100
Source: Public Records

Agents Affiliated with this Home

  • Wendy Sparks

    Seller's Agent in 2021

    Wendy Sparks

    EXP Realty, LLC

    (856) 344-3722

    3 in this area

    114 Total Sales

    Section Image
  • Tawana Jorden

    Buyer's Agent in 2021

    Tawana Jorden

    The Riggins Group LLC

    (267) 596-9832

    3 in this area

    95 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJSA141710

Bright MLS

APN: 08-00099-0000-00003

New Jersey Salem County Penns Grove 08069

2 2B Deming Ave, Penns Grove, NJ

This home is located at 2 2B Deming Ave, Penns Grove, NJ 08069 since 26 April 2021 and is currently estimated at $158,684, approximately $133 per square foot. This property was built in 1940. 2 2B Deming Ave is a home located in Salem County with nearby schools including Lafayette-Pershing Elementary School, Paul W. Carleton Elementary School, and Field Street Elementary School.

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