NOT LISTED FOR SALE

Estimated Value: $171,064

-- Bed
-- Bath
1,616 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $107,500 $67 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,241/month

19 Days on Market

About This Home

As of May 2022

Recently remodeled in 2019. Legal duplex, each a 3 bed, 1 bath unit. Needs a good cleaning and interior paint job. Great addition to your buy and hold portfolio. Due to the condition of the property, it is being sold in as-is condition, cash only. Was recently getting $34,378 in simple NOI (rent minus taxes) for a potential 34.73% cap rate. Agent related to sellers.

Last Listed By

Olga Scarcella

Real Broker, LLC License #2189576 Listed on: 04/14/2022

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,422

Year Built

  • Built in 1900

Lot Details

  • 1,651 Sq Ft Lot
  • Lot Dimensions are 110x15
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Fixer Upper
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,616 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes
  • Tax Lot 1
  • Assessor Parcel Number 08-00500-00001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Vacant Units
  • Operating Expense $3,422
  • Net Operating Income $34,378

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,422

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Recently remodeled in 2019. Legal duplex, each a 3 bed, 1 bath unit. Needs a good cleaning and interior paint job. Great addition to your buy and hold portfolio. Due to the condition of the property, it is being sold in as-is condition, cash only. Was recently getting $34,378 in simple NOI (rent minus taxes) for a potential 34.73% cap rate. Agent related to sellers.
  • Special Features: None

Interior Features

  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1616
  • Living Area Sq Ft: 1616
  • Price Per Sq Ft: 61.26
  • Above Grade Finished Sq Ft: 1616
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2000

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stucco
  • Roof: Flat
  • 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: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: CAMDEN
  • School District Key: 300200397178
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 110x15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1651.00
  • Property Condition: Below Average, Major Rehab Needed
  • Year Assessed: 2021
  • Zoning: MULTI FAMILY

Rental Info

  • Owner Pays: Taxes - Real Estate
  • Total Actual Rent: 37800.00
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2
  • Operating Expense: 3422.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 3422.00
  • Assessor Parcel Number: 08-00500-00001
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 1616
  • Tax Year: 2021
  • Close Date: 05/27/2022

MLS Schools

  • School District Name: CAMDEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2022
Sold by
1314 Sheridan Llc
Bought by
Small Terry L
Total Days on Market
19
Current Estimated Value
$171,064

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 21, 2022
Sold by
Jani Baka
Bought by
1314 Sheridan Llc
Seller's Agent
Olga Scarcella
Real Broker, LLC
Buyer's Agent
Olga Scarcella
Real Broker, LLC
List Price
$99,000
Sold Price
$107,500
Premium/Discount to List
$8,500
8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.56%

Purchase Details

Closed on
Jan 5, 2018
Sold by
Cooper Square Aqusition 1 Llc
Bought by
Baka Jani and Baka Altin

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 4, 2017
Sold by
The Bank Of New York Mellon
Bought by
Cooper Square Acquisition 1 Llc
Seller's Agent
MARIA MAZZUCKIS
REAL Home Services and Solutions, Inc.
Buyer's Agent
PHILIP ZISA
Dennis J Zisa Associates
List Price
$20,140
Sold Price
$22,244
Premium/Discount to List
$2,104
10.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.80%

Purchase Details

Closed on
Nov 18, 2016
Sold by
Sheriff Of Camden County
Bought by
Bank Of New York Mellon

Purchase Details

Closed on
Dec 9, 2004
Sold by
Vega Jose
Bought by
Kulakov Alex

Purchase Details

Closed on
May 21, 1997
Sold by
Taylor Howard
Bought by
Quiles Wilfredo and Quiles Evelyn

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
Small Terry L $107,500 Foundation Title
1314 Sheridan Llc $107,500 Foundation Title
Baka Jani $27,000 Your Hometown Title Llc
Cooper Square Acquisition 1 Llc $22,244 Premium Title Services Inc
Bank Of New York Mellon $100 --
Kulakov Alex $56,000 --
Quiles Wilfredo $15,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $107,500 0.0% $67 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/23/2022 04/23/22 Off Market $107,500 -- --
04/18/2022 04/18/22 For Sale $99,000 -7.9% $61 / Sq Ft
04/15/2022 04/15/22 Off Market $107,500 -- --
04/14/2022 04/14/22 For Sale $99,000 +345.1% $61 / Sq Ft
03/30/2017 03/30/17 Sold $22,244 +10.4% $14 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $20,140 -- $12 / 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 $3,500 $102,200 $18,300 $83,900
2023 $3,500 $102,200 $18,300 $83,900
2022 $3,435 $102,200 $18,300 $83,900
2021 $3,041 $90,800 $18,300 $72,500
2020 $2,887 $90,800 $18,300 $72,500
2019 $2,765 $90,800 $18,300 $72,500
2018 $2,750 $90,800 $18,300 $72,500
2017 $2,683 $90,800 $18,300 $72,500
2016 $2,598 $90,800 $18,300 $72,500
2015 $2,501 $90,800 $18,300 $72,500
2014 $2,441 $90,800 $18,300 $72,500
Source: Public Records

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Source: Bright MLS

MLS Number: NJCD2023584

Bright MLS

APN: 08-00500-0000-00001