Seller's Agent in 2023
Dale Riggs
BHHS Fox & Roach
(609) 743-8205
2 in this area
85 Total Sales
2225 Cove Rd Pennsauken, NJ 08110
Pennsauken NeighborhoodEstimated Value: $285,835 - $386,000
--
Bed
--
Bath
2,240
Sq Ft
$147/Sq Ft
Est. Value
Highlights
- Brick Front
- Hot Water Heating System
- Hot Water Baseboard Heater
About This Home
As of January 2023Where can you own a 2 bedroom home for under $800.00 per month in Pennsauken ? ? ? Sounds impossible, but it's not. That's because, if you're an FHA qualified Buyer, you can live in one half of this 2-story duplex home and use the rental income from the other half to tremendously offset your mortgage payment.
The 1st floor unit features living room, 2 bedrooms, 1 1/2 baths, kitchen and laundry room area. The upgraded natural gas boiler heating and water heater are both only 7 years.
The 2nd floor unit has been recently painted and is vacant and ready for your immediate occupancy. This unit features 2 bedrooms, large eat-in kitchen, gleaming wood floors and a large living room area with (2) giant closets. The upgraded natural gas boiler heating is not even a year old and the water heater is only 2 years.
That's right - home ownership is finally within your grasp and the FHA down payment requirement is only 3.5% of the 1/2% purchase price ($8,746.50). Imagine finally being able to start building wealth and the start of building a rental portfolio. If you're an investor, both units have had a great, long-term rental history and the perfect compliment to your real estate portfolio!
Last Agent to Sell the Property
(609) 743-8205 dale.riggs@foxroach.com BHHS Fox & Roach-Mullica Hill North License #8135574 Listed on: 08/19/2022
Last Buyer's Agent
(609) 320-0112 lindaburke7@comcast.net RE/MAX ONE Realty-Moorestown License #8441506
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,933
Year Built
- Built in 1938
Lot Details
- 3,999 Sq Ft Lot
- Lot Dimensions are 40.00 x 100.00
- Property is in good condition
Home Design
- 2,240 Sq Ft Home
- Duplex
- Block Foundation
- Brick Front
Laundry
- Dryer
- Washer
Parking
- Shared Driveway
- Off-Street Parking
Schools
- Pennsauken High School
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Hot Water Heating System
- Electric Water Heater
- Cable TV Available
Community Details
- 1 Vacant Unit
Listing and Financial Details
- The owner pays for sewer, real estate taxes, water
- Tax Lot 00003
- Assessor Parcel Number 27-04916-00003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2022
Closed on
Jan 31, 2023
Sold by
Banavali Siddharth
Bought by
Flex Reno Llc
Seller's Agent
Dale Riggs
BHHS Fox & Roach-Mullica Hill North
Buyer's Agent
Linda Burke
RE/MAX ONE Realty-Moorestown
List Price
$265,000
Sold Price
$237,500
Premium/Discount to List
-$27,500
-10.38%
Views
228
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,959
Avg. Annual Appreciation
13.20%
Original Mortgage
$178,125
Interest Rate
6.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 17, 2006
Sold by
Madueke Chizdba
Bought by
Banvali Siddharth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
6.17%
Purchase Details
Closed on
Dec 31, 2003
Sold by
Odunlami Olumbunmi
Bought by
Madueke Chizoba and Madueke Denise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Interest Rate
5.82%
Purchase Details
Closed on
Jan 4, 2002
Sold by
Diamond Jerry
Bought by
Odunlami Olubunmi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
6.85%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flex Reno Llc | $237,500 | Surety Expert Abstract | |
| Flex Reno Llc | $237,500 | Surety Expert Abstract | |
| Banvali Siddharth | $156,000 | -- | |
| Madueke Chizoba | $145,000 | -- | |
| Odunlami Olubunmi | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Flex Reno Llc | $262,500 | |
| Closed | Flex Reno Llc | $178,125 | |
| Previous Owner | Banvali Siddharth | $140,400 | |
| Previous Owner | Madueke Chizoba | $123,250 | |
| Previous Owner | Odunlami Olubunmi | $63,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2023 01/31/23 | Sold | $237,500 | -5.0% | $106 / Sq Ft |
| 01/03/2023 01/03/23 | Pending | -- | -- | -- |
| 12/03/2022 12/03/22 | Price Changed | $249,900 | -5.7% | $112 / Sq Ft |
| 08/19/2022 08/19/22 | For Sale | $265,000 | -- | $118 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,367 | $239,000 | $41,400 | $197,600 |
| 2024 | $6,244 | $146,300 | $32,200 | $114,100 |
| 2023 | $6,244 | $146,300 | $32,200 | $114,100 |
| 2022 | $5,646 | $146,300 | $32,200 | $114,100 |
| 2021 | $5,798 | $146,300 | $32,200 | $114,100 |
| 2020 | $5,194 | $146,300 | $32,200 | $114,100 |
| 2019 | $5,254 | $146,300 | $32,200 | $114,100 |
| 2018 | $5,281 | $146,300 | $32,200 | $114,100 |
| 2017 | $5,292 | $146,300 | $32,200 | $114,100 |
| 2016 | $5,197 | $146,300 | $32,200 | $114,100 |
| 2015 | $5,352 | $146,300 | $32,200 | $114,100 |
| 2014 | $5,712 | $102,700 | $26,400 | $76,300 |
Source: Public Records
Agents Affiliated with this Home
-
Dale Riggs
-
Linda Burke
Buyer's Agent in 2023
Linda Burke
RE/MAX
(609) 320-0112
1 in this area
92 Total Sales
Map
Source: Bright MLS
MLS Number: NJCD2033336
APN: 27-04916-0000-00003
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