NOT LISTED FOR SALE

216 W 3rd St Palmyra, NJ 08065

Estimated Value: $207,000 - $371,000

-- Bed
-- Bath
1,644 Sq Ft
$181/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $160,000 $97 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,229/month

11 Days on Market

About This Home

As of August 2022

Income-producing property is ideal for an owner occupant or investor. Both units have their own separate entrance. You will find a 2 bedroom unit on the first floor. It offers a nice size living room, a dining room and a sunroom, as well as a basement which has the hookups for a washer and dryer. You have the use of a large fenced backyard. The 2nd floor also has two bedrooms, a living room, an updated eat-in kitchen as well as an extra bonus room. The 2nd-floor tenant has the use of the side yard. The roof is brand new 2021, some new plumbing in 2021. New heater September 2021. The first-floor tenant has been there for 10 years and would like to stay. The 2nd floor is vacant and ready for owner occupancy or a new tenant. It is a great location close to the River line and with easy access to the Bridge to Philadelphia. The seller is highly motivated.

Last Agent to Sell the Property

karen murray

(856) 979-3342 kmurra50@comcast.net Weichert Realtors - Moorestown License #9132476 Listed on: 07/03/2022

Weichert Realtors - Moorestown

Last Buyer's Agent

Marie Lewinski

(856) 829-8780 marielewinski@comcast.net Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,198

Year Built

  • Built in 1930

Lot Details

  • 9,450 Sq Ft Lot
  • Lot Dimensions are 50.00 x 189.00

Parking

  • Driveway

Home Design

  • 1,644 Sq Ft Home
  • Duplex
  • Frame Construction

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 27-00122-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,198

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Income-producing property is ideal for an owner occupant or investor. Both units have their own separate entrance. You will find a 2 bedroom unit on the first floor. It offers a nice size living room, a dining room and a sunroom, as well as a basement which has the hookups for a washer and dryer. You have the use of a large fenced backyard. The 2nd floor also has two bedrooms, a living room, an updated eat-in kitchen as well as an extra bonus room. The 2nd-floor tenant has the use of the side yard. The roof is brand new 2021, some new plumbing in 2021. New heater September 2021. The first-floor tenant has been there for 10 years and would like to stay. The 2nd floor is vacant and ready for owner occupancy or a new tenant. It is a great location close to the River line and with easy access to the Bridge to Philadelphia. The seller is highly motivated.
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 1644
  • Living Area Sq Ft: 1644
  • Price Per Sq Ft: 127.74
  • Above Grade Finished Sq Ft: 1644
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 216

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
  • Type Of Parking: Driveway

Utilities

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

Schools

  • School District: PALMYRA BOROUGH PUBLIC SCHOOLS
  • School District Key: 300200396966
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 50.00 x 189.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9450.00
  • Year Assessed: 2021
  • Zoning: RESISDENTIAL

Rental Info

  • Vacation Rental: No

Multi Family

  • Single Room Units Count: 5

Tax Info

  • Tax Annual Amount: 7198.00
  • Assessor Parcel Number: 27-00122-00011
  • Tax Lot: 00011
  • Tax Year: 2021
  • Close Date: 08/25/2022

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2022
Closed on
Aug 19, 2022
Sold by
Adam J Davis And Allison T Davis Trust
Bought by
Luxury Rental Properties Corporation
Seller's Agent
karen murray
Weichert Realtors - Moorestown
Buyer's Agent
Marie Lewinski
Coldwell Banker Realty
List Price
$210,000
Sold Price
$160,000
Premium/Discount to List
-$50,000
-23.81%
Current Estimated Value
$297,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,811
Avg. Annual Appreciation
21.88%
Original Mortgage
$128,000
Outstanding Balance
$122,167
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$175,644

Purchase Details

Closed on
Jul 11, 2018
Sold by
Davis Adam J and Davis Allison T
Bought by
Davis Adam J and Davis Allison T

Purchase Details

Closed on
Dec 22, 2016
Sold by
Davis Adam J
Bought by
Davis Adam J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,119
Interest Rate
4.03%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2007
Sold by
Barnhart Mary L
Bought by
Davis Adam J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,014
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 2001
Sold by
Heller William S and Heller Beverly J
Bought by
Barnhart Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,800
Interest Rate
6.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 29, 1995
Sold by
Devlin Francis G and Devlin Eileen H
Bought by
Gross David T and Gross Jessica T
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Luxury Rental Properties Corporation $160,000 --
Luxury Rental Properties Corporation $160,000 None Listed On Document
Davis Adam J -- None Available
Davis Adam J -- Carrington Title Services
Davis Adam J $170,350 Surety Title Corporation
-- $170,400 --
Barnhart Mary L $84,000 --
Gross David T $115,500 Intercoastal Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luxury Rental Properties Corporation $128,000
Closed Luxury Rental Properties Corporation $128,000
Previous Owner Davis Adam J $215,119
Previous Owner -- $169,014
Previous Owner Barnhart Mary L $79,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2022 08/25/22 Sold $160,000 -23.8% $97 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/03/2022 07/03/22 For Sale $210,000 0.0% $128 / Sq Ft
01/01/2020 01/01/20 Rented $875 0.0% --
12/26/2019 12/26/19 Under Contract -- -- --
09/23/2019 09/23/19 For Rent $875 0.0% --
10/01/2018 10/01/18 Rented $875 0.0% --
08/31/2018 08/31/18 Under Contract -- -- --
08/07/2018 08/07/18 For Rent $875 0.0% --
01/19/2018 01/19/18 Rented $875 0.0% --
01/09/2018 01/09/18 Under Contract -- -- --
12/12/2017 12/12/17 For Rent $875 -- --
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 $7,801 $180,400 $61,600 $118,800
2024 $7,638 $180,400 $61,600 $118,800
2023 $7,638 $180,400 $61,600 $118,800
2022 $7,458 $180,400 $61,600 $118,800
2021 $7,198 $180,400 $61,600 $118,800
2020 $7,225 $180,400 $61,600 $118,800
2019 $6,998 $180,400 $61,600 $118,800
2018 $6,899 $180,400 $61,600 $118,800
2017 $6,810 $180,400 $61,600 $118,800
2016 $6,677 $180,400 $61,600 $118,800
2015 $6,581 $180,400 $61,600 $118,800
2014 $6,291 $180,400 $61,600 $118,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJBL2029156

Bright MLS

APN: 27-00122-0000-00011