NOT LISTED FOR SALE
41.7 Acres
-- Price per Acre
1,816,452 Sq Ft Lot

Last Sold December 17, 2021

Last sale price $5,900,000

683 Days on Market

Highlights

  • 41.7 Acre Lot
  • Corner Lot
  • No HOA
  • Gen. Charles G. Harker School Rated A-

About This Lot

As of December 2021

Attention Developers: Prime 41.7 +/- acre land parcel with 956 +/- feet of road frontage on Route 322, 360 +/- feet of frontage on Oak Grove Road (CR 671) with a myriad of development possibilities. Current zoning is RC-1/Corridor Commercial- permitted uses include single family detached, townhouse, mixed use with residential, hotels, medical/dental clinics, professional and business offices, banks, restaurants, retail sales and services, veterinarian/animal hospital, warehouse, distribution and much more... This property is subject to redevelopment plan. Great location - close to NJ Turnpike (exit 2), I-295 and the Commodore Barry Bridge. Sewer service will be available to this parcel. Great traffic counts on Route 322 (17,437 vehicles/day- 2017). Buyer responsible for rollback taxes.

Last Agent to Sell the Property

Richard Warner

(856) 430-0072 rich@warnerrealtors.com Warner Real Estate & Auction Company Listed on: 06/15/2018

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,025

Lot Details

  • 41.7 Acre Lot
  • Corner Lot
  • Interior Lot
  • The property's topography is level, clear/open
  • Subdivision Possible
  • Property is zoned RC-1, Subject To Zoning

Schools

  • Kingsway Regional Middle School
  • Kingsway Regional High School

Utilities

  • No Septic System
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00003-QFARM
  • Assessor Parcel Number 24-00012-00003-QFARM

Property Details

Property Type

Land

Est. Annual Taxes

$1,025

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Agriculture
  • New Construction: No
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 3.42

Exterior Features

  • Road Surface Type: Us Highway/Interstate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System, Public Sewer
  • Utilities: Electric Available, Phone Available, Cable Tv Available

Condo/Co-op/Association

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

Schools

  • High School: KINGSWAY REGIONAL
  • Middle Or Junior School: KINGSWAY REGIONAL

Lot Info

  • Additional Parcels: No
  • Lot Features: Subdivision Possible, Corner, Interior
  • Lot Size Acres: 41.70
  • Lot Dimensions: 1,316 X 1,332, LotWidth:1316 X LotDepth:1332
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1755468.00
  • Topography: Level, Clear/Open
  • Zoning: RC-1
  • Zoning Description: Subject To Zoning
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2062682
  • Tax Annual Amount: 1025.00
  • Assessor Parcel Number: 24-00012-00003-QFARM
  • Tax Lot: 00003-QFARM
  • Tax Data Updated: No
  • Tax Year: 2019

MLS Schools

  • School District Name: KINGSWAY REGIONAL HIGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Dpif3 Nj 8 2057 Woolwich Llc
Bought by
Dpif3 Nj 2057 Woolwich Urban Renewal Entity L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,310,000
Outstanding Balance
$27,918,668
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2018
Closed on
Dec 17, 2021
Sold by
Madden William J
Bought by
Dpif3 Nj 8 2057 Woolwich Llc
Seller's Agent
Richard Warner
Warner Real Estate & Auction Company
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$5,421,000
Sold Price
$5,900,000
Premium/Discount to List
$479,000
8.84%

Purchase Details

Closed on
Jun 22, 2003
Sold by
Crispi Louis W
Bought by
Crispi Louis W

Purchase Details

Closed on
Nov 21, 2002
Sold by
Tomac Ltd Partnership
Bought by
Madden William J

Purchase Details

Closed on
Mar 20, 2000
Sold by
Crispi Leo and Caltabiano Antonina
Bought by
Tomac Ltd Partnership

Purchase Details

Closed on
Jan 7, 1998
Sold by
Donadio Danny J
Bought by
Donadio Christina E and Crispi Christina E
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
Dpif3 Nj 2057 Woolwich Urban Renewal Entity L -- First American Title
Dpif3 Nj 8 2057 Woolwich Llc $5,900,000 First American Title
Crispi Louis W -- --
Madden William J -- Fidelity Title Abstract Co
Tomac Ltd Partnership $480,000 Fidelity Title Abstract Co
Donadio Christina E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dpif3 Nj 2057 Woolwich Urban Renewal Entity L $29,310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $5,900,000 -1.7% --
04/28/2020 04/28/20 Pending -- -- --
04/12/2019 04/12/19 Price Changed $6,000,000 +10.7% --
06/15/2018 06/15/18 For Sale $5,421,000 -- --
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
2022 $919 $27,300 $27,300 $0
2021 $914 $26,600 $26,600 $0
2020 $937 $27,300 $27,300 $0
2019 $1,146 $30,500 $30,500 $0
2018 $1,197 $32,000 $32,000 $0
2017 $1,174 $32,000 $32,000 $0
2016 $1,162 $32,000 $32,000 $0
2015 $1,136 $32,000 $32,000 $0
2014 $1,079 $32,000 $32,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001939800

Bright MLS

APN: 24-00012-0000-00003-0000-QFARM