NOT LISTED FOR SALE

Estimated Value: $445,379 - $749,000

-- Bed
-- Bath
3,669 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $340,000 $93 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,453/month

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 2-minute walk to North 25 Park
  • No HOA

About This Home

As of September 2020

Excellent investment opportunity with steady revenue and property value appreciation. Large lot in the middle of downtown close to government and business offices. Totally renovated with quality building materials and high efficiency equipment. All units are spacious with high ceilings, always occupied. Very responsible tenants with excellent payment history. Recently renovated and waterproofed basement. 1st floor two one bedroom apartments. Apt 1F: $750, Apt 1R: $8002nd floor: large spacious two bedroom: Apt 2: $1,0003rd floor: large spacious two bedroom: Apt 3: $1,000Occupancy rate: 98%, owner pays insurance, taxes, water, common area electric, and central fire alarm.

Last Agent to Sell the Property

Nona Kulikova

Keller Williams Premier License #566637 Listed on: 04/04/2020

Keller Williams Premier

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,358

Year Built

  • Built in 2016

Lot Details

  • 5,168 Sq Ft Lot
  • Lot Dimensions are 38.00 x 136.00

Home Design

  • 3,669 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction

Parking

  • Driveway
  • Parking Lot
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, common area maintenance, insurance, management, repairs, sewer, personal property taxes, water
  • Tax Lot 00022
  • Assessor Parcel Number 11-07105-00022

Community Details

Overview

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

Building Details

  • Rent Control
  • Income includes apartment rentals
  • Operating Expense $6,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,358

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: Excellent investment opportunity with steady revenue and property value appreciation. Large lot in the middle of downtown close to government and business offices. Totally renovated with quality building materials and high efficiency equipment. All units are spacious with high ceilings, always occupied. Very responsible tenants with excellent payment history. Recently renovated and waterproofed basement. 1st floor two one bedroom apartments. Apt 1F: $750, Apt 1R: $8002nd floor: large spacious two bedroom: Apt 2: $1,0003rd floor: large spacious two bedroom: Apt 3: $1,000Occupancy rate: 98%, owner pays insurance, taxes, water, common area electric, and central fire alarm.
  • Special Features: None

Interior Features

  • Total Sq Ft: 3669
  • Living Area Sq Ft: 3669
  • Price Per Sq Ft: 95.39
  • Above Grade Finished Sq Ft: 3669
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 220

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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, Off Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • 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: TRENTON PUBLIC SCHOOLS
  • School District Key: 300200396606
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 37800.00
  • Land Assessed Value: 5500.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: 38.00 x 136.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5168.00
  • Year Assessed: 2019
  • Zoning: RES

Rental Info

  • Existing Lease Type: Long Term
  • Number Of Units Month To Month: 2
  • Owner Pays: Advertising/Licenses And Permits, Common Area Maintenance, Insurance, Management, Repairs, Sewer, Taxes - Personal Property, Water
  • Rent Control: Yes
  • Total Actual Rent: 35724.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 41748.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6024.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Assessor Parcel Number: 2152653
  • Tax Annual Amount: 2358.00
  • Assessor Parcel Number: 11-07105-00022
  • Tax Lot: 00022
  • Tax Total Finished Sq Ft: 3669
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/30/2020

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2020
Closed on
Sep 2, 2020
Sold by
Galimov Rashit
Bought by
Tahay Manuel Cuc
Seller's Agent
Nona Kulikova
Keller Williams Premier
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$586,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,345
Avg. Annual Appreciation
9.49%
Original Mortgage
$214,500
Outstanding Balance
$200,177
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$332,431

Purchase Details

Closed on
Nov 1, 2018
Sold by
Onik Alex and Paley Vadim
Bought by
Galimov Rashit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2015
Closed on
Jun 9, 2016
Sold by
Warren 220 Llc
Bought by
Inik Alex and Paley Vadim
Seller's Agent
Nona Kulikova
Keller Williams Premier
Buyer's Agent
Elena Gambourg
Gambourg Properties Inc
List Price
$99,000
Sold Price
$40,000
Premium/Discount to List
-$59,000
-59.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.22%

Purchase Details

Closed on
Jan 23, 2010
Sold by
Ramsay Dwight
Bought by
Warren220
Source: Public Records

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
Tahay Manuel Cuc $340,000 First American Title Ins Co
Galimov Rashit $278,000 Unity Title And Abstract Llc
Inik Alex $40,000 Sterling Title Agency
Warren220 $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tahay Manuel Cuc $214,500
Previous Owner Galimov Rashit $208,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $340,000 -2.9% $93 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
04/04/2020 04/04/20 For Sale $350,000 +775.0% $95 / Sq Ft
06/09/2016 06/09/16 Sold $40,000 -59.6% $11 / Sq Ft
12/29/2015 12/29/15 Pending -- -- --
11/01/2015 11/01/15 For Sale $99,000 -- $27 / 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
2025 $15,947 $274,900 $5,500 $269,400
2024 $2,411 $274,900 $5,500 $269,400
2023 $2,411 $43,300 $5,500 $37,800
2022 $2,363 $43,300 $5,500 $37,800
2021 $2,404 $43,300 $5,500 $37,800
2020 $2,397 $43,300 $5,500 $37,800
2019 $2,358 $43,300 $5,500 $37,800
2018 $2,257 $43,300 $5,500 $37,800
2017 $2,146 $43,300 $5,500 $37,800
2016 $3,009 $52,300 $26,600 $25,700
2015 $2,998 $52,300 $26,600 $25,700
2014 $2,984 $52,300 $26,600 $25,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME294126

Bright MLS

APN: 11-07105-0000-00022