NOT LISTED FOR SALE

2 W Pitman St Penns Grove, NJ 08069

Estimated Value: $132,000 - $207,000

-- Bed
-- Bath
1,888 Sq Ft
$92/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $17,500 $9 Per Sq Ft

Est. 896% increase in value since last sale

Current estimated payment $1,141/month

159 Days on Market

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • Heating System Uses Gas
  • 4 Car Detached Garage

About This Home

As of November 2018

INVESTOR ALERT!!! Generate positive cash flow in this triplex with a DETACHED 5 CAR GARAGE!!! Each unit offers a separate entrance. There is plenty of off street parking. This property is a shell, but a lot of work has been started. Come see this opportunity today! Seller is motivated and says bring all cash offers!

Last Agent to Sell the Property

Omar Din

(267) 918-0890 omardinrealtor@gmail.com EXP Realty, LLC License #RS358935 Listed on: 05/29/2018

EXP Realty, LLC

Last Buyer's Agent

Omar Din

(267) 918-0890 omardinrealtor@gmail.com EXP Realty, LLC License #RS358935 Listed on: 05/29/2018

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,353 Sq Ft Lot
  • Lot Dimensions are 45x163

Parking

  • 4 Car Detached Garage
  • 8 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Fixer Upper
  • Vinyl Siding

Interior Spaces

  • 1,888 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storage In Attic
  • Washer and Dryer Hookup

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $2,429

Listing and Financial Details

  • Tax Lot 00006
  • Assessor Parcel Number 08-00045-00006

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Seller's Personal Property, Seller's Tools
  • Inclusions: Some Building Materials
  • New Construction: No
  • Storage: Basement, Attic, Garage
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 1888
  • Living Area Sq Ft: 1888
  • Price Per Sq Ft: 13.19
  • Above Grade Finished Sq Ft: 1888
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: On Street, Driveway, Detached Garage

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 38700.00
  • Land Assessed Value: 21300.00
  • Lot Size Acres: 0.17
  • Lot Dimensions: 45X163
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7353.00
  • Property Condition: Major Rehab Needed
  • Zoning: R

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2199786
  • Tax Annual Amount: 2429.00
  • Assessor Parcel Number: 08-00045-00006
  • Tax Lot: 00006
  • Tax Year: 2017

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Davis Dyani
Bought by
Gold Standard Investments Group Llc
Current Estimated Value
$174,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Outstanding Balance
$119,103
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$55,270

Purchase Details

Listed on
May 29, 2018
Closed on
Nov 30, 2018
Sold by
Finley-Baker Sandra
Bought by
Davis Dyani
Seller's Agent
Omar Din
EXP Realty, LLC
Buyer's Agent
Omar Din
EXP Realty, LLC
List Price
$30,000
Sold Price
$17,500
Premium/Discount to List
-$12,500
-41.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.68%

Purchase Details

Listed on
Feb 8, 2016
Closed on
Apr 18, 2016
Sold by
Hsbc Bank Usa National Association
Bought by
Finley Baker Sandra Marie
Seller's Agent
John Swartz
RE/MAX Preferred - Sewell
Buyer's Agent
John Swartz
RE/MAX Preferred - Sewell
List Price
$8,900
Sold Price
$8,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.50%

Purchase Details

Closed on
Jul 25, 2014
Sold by
Poulson Michelle and Weaks Michelle
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Jan 5, 2004
Sold by
Sweeney Earl R
Bought by
Weaks Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,300
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 1999
Sold by
Donelson Edward B and Donelson Mary E
Bought by
Sweeney Earl R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
7.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gold Standard Investments Group Llc -- Foundation Title
Gold Standard Investments Group Llc -- Foundation Title
Davis Dyani $17,500 Connection Title
Finley Baker Sandra Marie $11,000 Attorney
Hsbc Bank Usa Na -- --
Weaks Michelle M $107,000 --
Weaks Michelle M $107,000 --
Sweeney Earl R $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gold Standard Investments Group Llc $123,500
Closed Gold Standard Investments Group Llc $123,500
Previous Owner Weaks Michelle M $96,300
Previous Owner Sweeney Earl R $56,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2018 11/30/18 Sold $17,500 -29.7% $9 / Sq Ft
11/04/2018 11/04/18 Pending -- -- --
08/30/2018 08/30/18 Price Changed $24,900 -17.0% $13 / Sq Ft
05/29/2018 05/29/18 For Sale $30,000 +237.1% $16 / Sq Ft
05/17/2016 05/17/16 Sold $8,900 0.0% $5 / Sq Ft View Prior Sale
05/10/2016 05/10/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $8,900 -- $5 / 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 $2,723 $49,100 $12,600 $36,500
2024 $2,632 $49,100 $12,600 $36,500
2023 $2,632 $49,100 $12,600 $36,500
2022 $2,537 $49,100 $12,600 $36,500
2021 $2,428 $49,100 $12,600 $36,500
2020 $2,459 $49,100 $12,600 $36,500
2019 $2,470 $49,100 $12,600 $36,500
2018 $2,420 $60,000 $21,300 $38,700
2017 $2,429 $60,000 $21,300 $38,700
2016 $2,337 $60,000 $21,300 $38,700
2015 $2,239 $60,000 $21,300 $38,700
2014 $2,214 $60,000 $21,300 $38,700
Source: Public Records

Agents Affiliated with this Home

  • Omar Din

    Seller's Agent in 2018

    Omar Din

    EXP Realty, LLC

    (267) 918-0890

    283 Total Sales

    Omar Din
    Section Image
  • John Swartz

    Seller's Agent in 2016

    John Swartz

    RE/MAX

    (856) 308-2698

    3 in this area

    162 Total Sales

    John Swartz
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001646586

Bright MLS

APN: 08-00045-0000-00006

New Jersey Salem County Penns Grove 08069

2 W Pitman St, Penns Grove, NJ

Not Listed for Sale

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