NOT LISTED FOR SALE

201 W Lincoln Ave Magnolia, NJ 08049

Estimated Value: $332,495 - $363,000

-- Bed
-- Bath
2,234 Sq Ft
$157/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $275,000 $123 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,458/month

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of April 2022

Good investment opportunity for income producing property. One two bedroom apartment with one bathroom. One three bedroom apartment with one bathroom. Shared storage area in basement. Separate electric and gas meters. Property is being sold in "AS IS CONDITION".

Last Agent to Sell the Property

Eric Schlamowitz

BLT Real Estate Development LLC License #RM425889 Listed on: 08/12/2021

Last Buyer's Agent

William B. Spinner

Real Broker, LLC

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,677

Year Built

  • Built in 1930

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50.00 x 130.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,234 Sq Ft Home
  • Carpet
  • Basement Fills Entire Space Under The House

Schools

  • Sterling High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00001
  • Assessor Parcel Number 23-00002 02-00001

Community Details

Overview

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

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,677

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Personal property
  • Home Warranty: No
  • Inclusions: Existing appliances as is.
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Good investment opportunity for income producing property. One two bedroom apartment with one bathroom. One three bedroom apartment with one bathroom. Shared storage area in basement. Separate electric and gas meters. Property is being sold in "AS IS CONDITION".
  • Special Features: None

Interior Features

  • Flooring Type: Carpet
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2234
  • Living Area Sq Ft: 2234
  • Price Per Sq Ft: 123.10
  • Above Grade Finished Sq Ft: 2234
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 201

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Brick
  • Roof: Shingle
  • 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: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: STERLING HIGH
  • High School: STERLING H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396990
  • School District Source: Listing Agent
  • High School: STERLING H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 104200.00
  • Land Assessed Value: 43600.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50.00 x 130.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6500.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: MUL

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 27672.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1897458
  • Tax Annual Amount: 6677.00
  • Assessor Parcel Number: 23-00002 02-00001
  • Tax Lot: 00001
  • Tax Total Finished Sq Ft: 2234
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 04/22/2022

MLS Schools

  • School District Name: STERLING HIGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Apr 22, 2022
Sold by
Kevin Cannon Sr and Kevin Rebecca C
Bought by
Fiato Joseph
Seller's Agent
Eric Schlamowitz
BLT Real Estate Development LLC
Buyer's Agent
William B. Spinner
Real Broker, LLC
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$350,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,374
Avg. Annual Appreciation
6.47%
Original Mortgage
$206,250
Outstanding Balance
$196,480
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$143,642

Purchase Details

Listed on
Jul 2, 2012
Closed on
Aug 8, 2012
Sold by
Kelly Thomas J and Kelly Cheryl L
Bought by
Cannon Kevin and Cannon Rebecca C
Seller's Agent
Joe Granato
EXP Realty, LLC
Buyer's Agent
Joe Granato
EXP Realty, LLC
List Price
$129,900
Sold Price
$121,000
Premium/Discount to List
-$8,900
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%
Original Mortgage
$90,750
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 1998
Sold by
Hassan Mohamed Ali
Bought by
Kelly Thomas J and Kelly Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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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
Fiato Joseph $275,000 Surety Title
Cannon Kevin $121,000 None Available
Kelly Thomas J $73,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fiato Joseph $206,250
Previous Owner Cannon Kevin R $115,500
Previous Owner Cannon Kevin $90,750
Previous Owner Kelly Thomas J $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $275,000 0.0% $123 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
08/12/2021 08/12/21 For Sale $275,000 +127.3% $123 / Sq Ft
08/08/2012 08/08/12 Sold $121,000 -6.9% --
07/02/2012 07/02/12 Pending -- -- --
07/02/2012 07/02/12 For Sale $129,900 -- --
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 $7,096 $147,800 $43,600 $104,200
2024 $6,923 $147,800 $43,600 $104,200
2023 $6,923 $147,800 $43,600 $104,200
2022 $6,743 $147,800 $43,600 $104,200
2021 $6,678 $147,800 $43,600 $104,200
2020 $6,551 $147,800 $43,600 $104,200
2019 $6,426 $147,800 $43,600 $104,200
2018 $6,296 $147,800 $43,600 $104,200
2017 $6,113 $147,800 $43,600 $104,200
2016 $5,942 $147,800 $43,600 $104,200
2015 $5,736 $147,800 $43,600 $104,200
2014 $5,655 $147,800 $43,600 $104,200
Source: Public Records

Agents Affiliated with this Home

  • Eric Schlamowitz

    Seller's Agent in 2022

    Eric Schlamowitz

    BLT Real Estate Development LLC

    (609) 203-2656

    1 in this area

    14 Total Sales

    Eric Schlamowitz
    Section Image
  • William B. Spinner

    Buyer's Agent in 2022

    William B. Spinner

    Real Broker, LLC

    (855) 450-0442

    1 in this area

    71 Total Sales

    William B. Spinner
    Section Image

  • J

    Seller's Agent in 2012

    Joe Granato

    EXP Realty, LLC

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJCD2005084

Bright MLS

APN: 23-00002-02-00001

New Jersey Camden County Magnolia 08049

201 W Lincoln Ave, Magnolia, NJ

This home is located at 201 W Lincoln Ave, Magnolia, NJ 08049 since 12 August 2021 and is currently estimated at $350,374, approximately $156 per square foot. This property was built in 1930. 201 W Lincoln Ave is a home located in Camden County with nearby schools including Magnolia Elementary School and Sterling High School.

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