NOT LISTED FOR SALE

22-24 Franklin St Penns Grove, NJ 08069

Estimated Value: $132,000 - $231,000

-- Bed
-- Bath
1,546 Sq Ft
$120/Sq Ft Est. Value

Last Sold July 24, 2012

Last sale price $92,500 $60 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,452/month

36 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating System
  • No HOA
  • En-Suite Primary Bedroom

About This Home

As of July 2012

Incredible investment opportunity! Clean, clean, clean describes this duplex. Investors you won't have any grunt work here. Owner occupied first unit offers 3 bedrooms, 2 baths and walk-up attic access. Second unit is currently unoccupied with 3 bedroom and 2 baths (use to be two separte units years ago, a triplex). It offers hardwood floors! This property does have the potential possibly to be converted back into a 3 unit rental property but would have to check with zoning office. In addition there is a separate walk up attic area that is huge. Also offers a two car detached garage. An investors dream property! All utilities are separated. Pride of Ownership here. And price to sell fast. A must see!!

Last Agent to Sell the Property

Anthony Morda

Century 21 Town & Country Realty - Woodstown Listed on: 05/12/2012

Century 21 Town & Country Realty - Woodstown

Last Buyer's Agent

Anthony Morda

Century 21 Town & Country Realty - Woodstown Listed on: 05/12/2012

Century 21 Town & Country Realty - Woodstown

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,742 Sq Ft Lot
  • Lot Dimensions are 58x99
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,546 Sq Ft Home
  • Partial Basement
  • Storage In Attic
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Schools

  • Penns Grove Middle School
  • Penns Grove High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $5,287

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 08-00058-00013

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Almond Color Refrigreator And Furniture
  • Inclusions: Refrigerator (2), Washer(2), Dryer (2), Ranges(2) (All As Is)
  • New Construction: No
  • Storage: Attic
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Fireplace: No
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Hookup
  • Total Sq Ft: 1546
  • Living Area Sq Ft: 1546
  • Price Per Sq Ft: 77.55
  • Above Grade Finished Sq Ft: 1546
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • 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

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • Middle School: PENNS GROVE
  • High School: PENNS GROVE
  • School District Key: 300200397143
  • High School: PENNS GROVE
  • Middle Or Junior School: PENNS GROVE

Lot Info

  • Improvement Assessed Value: 129700.00
  • Land Assessed Value: 20700.00
  • Lot Size Acres: 0.13
  • Lot Dimensions: 58X99
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5742.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2200037
  • Tax Annual Amount: 5287.00
  • Assessor Parcel Number: 08-00058-00013
  • Tax Lot: 00013
  • Tax Year: 2011
  • Close Date: 07/24/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
5355 West Main Llc
Bought by
Penns Grove Property Associates Llc
Total Days on Market
36
Current Estimated Value
$186,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,500,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$1,285,693
Source: Public Records

Range of Values:

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Average Value
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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
Penns Grove Property Associates Llc $179,875 Pittman Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penns Grove Property Associates Llc $1,500,000
Previous Owner 5355 West Main Llc $69,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2012 07/24/12 Sold $92,500 -22.9% $60 / Sq Ft
06/17/2012 06/17/12 Pending -- -- --
05/12/2012 05/12/12 For Sale $119,900 -- $78 / 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 $4,872 $90,900 $12,700 $78,200
2023 $4,872 $90,900 $12,700 $78,200
2022 $4,697 $90,900 $12,700 $78,200
2021 $4,494 $90,900 $12,700 $78,200
2020 $4,553 $90,900 $12,700 $78,200
2019 $4,572 $90,900 $12,700 $78,200
2018 $4,034 $100,000 $20,700 $79,300
2017 $4,048 $100,000 $20,700 $79,300
2016 $3,895 $100,000 $20,700 $79,300
2015 $5,611 $150,400 $20,700 $129,700
2014 $5,550 $150,400 $20,700 $129,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003960992

Bright MLS

APN: 08-00058-0000-00013