NOT LISTED FOR SALE

225 227 Delsea Dr Westville, NJ 08093

Estimated Value: $330,000 - $372,000

-- Bed
-- Bath
2,356 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $320,000 $136 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,416/month

62 Days on Market

About This Home

As of July 2024

This Triplex is a great opportunity for the savy investor or the newby just breaking into the investment arena. This unit consists of of 2 1br, 1bath apartments, and 1 3 bedroom 1 bath apartment. Units are in good shape and owner just replaced the roof a few years back. Rents are under market value and awaiting a new owner to increase. All apartments have good standing tenants which would like to stay. Owner has agreed to offer seller financing with 20% down.
This property along with another triplex located at 45 Aberdeen Place, Woodbury could be sold individually or make a package offer.

Last Agent to Sell the Property

Joseph Wright

(856) 552-0505 jtwmtg65@gmail.com Sureway Realty License #1649402 Listed on: 04/02/2024

Last Buyer's Agent

Pascual Aguasvivas

pascual23a@gmail.com Keller Williams Realty - Cherry Hill License #2334038

Keller Williams Realty - Cherry Hill

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,859

Year Built

  • Built in 1910

Lot Details

  • 5,998 Sq Ft Lot
  • Lot Dimensions are 40.00 x 150.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 2,356 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Natural Gas Water Heater
  • Public Hookup Available For Sewer

Community Details

  • 1 Vacant Unit
  • Net Operating Income $34,430

Listing and Financial Details

  • Tax Lot 00016
  • Assessor Parcel Number 21-00057-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,859

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal items
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2356
  • Living Area Sq Ft: 2356
  • Price Per Sq Ft: 143.85
  • Above Grade Finished Sq Ft: 2356
  • Above Grade Finished Area Units: Square Feet

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: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 40.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5998.00
  • Zoning: MULTI FAMILY

Rental Info

  • Total Actual Rent: 42780.00
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 42780.00

Tax Info

  • Tax Annual Amount: 6859.00
  • Assessor Parcel Number: 21-00057-00016
  • Tax Lot: 00016
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WESTVILLE PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
Jul 16, 2024
Sold by
Irrevocable Family Trust Of Philip J Mar and Martorano Philip J
Bought by
Serra Geigel Naujy Ariday
Seller's Agent
Joseph Wright
Sureway Realty
Buyer's Agent
Pascual Aguasvivas
Keller Williams Realty - Cherry Hill
List Price
$349,900
Sold Price
$320,000
Premium/Discount to List
-$29,900
-8.55%
Views
45
Current Estimated Value
$344,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,621
Avg. Annual Appreciation
5.44%
Original Mortgage
$320,000
Outstanding Balance
$316,149
Interest Rate
6.95%
Mortgage Type
VA
Estimated Equity
$28,473

Purchase Details

Closed on
Apr 11, 2023
Sold by
Martorano Philip J
Bought by
Philip J Martorano Jr Irrevocable Family Trus and Martorano

Purchase Details

Closed on
Feb 16, 2017
Sold by
Martorano Philip J
Bought by
Philip J Martorano Irrevocable Family Tr

Purchase Details

Closed on
Sep 15, 2014
Sold by
Gambino Giuseppa T and Martorano Josephine
Bought by
Martorano Philip J

Purchase Details

Closed on
Aug 13, 2007
Sold by
Zehmar Properties Llc
Bought by
Martorano Philip J and Martorano Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2005
Sold by
Leone Mario
Bought by
Zehmar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 26, 2005
Sold by
Cohen Seth
Bought by
Leone Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 15, 2004
Sold by
Medany Paul and Medany Joan
Bought by
Cohen Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,650
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Serra Geigel Naujy Ariday $320,000 None Listed On Document
Geigel Naujy Ariday Serra $320,000 None Listed On Document
Philip J Martorano Jr Irrevocable Family Trus -- None Listed On Document
Philip J Martorano Irrevocable Family Tr $131,400 None Available
Martorano Philip J -- Attorney
Martorano Philip J $188,000 Precision Title Agency
Zehmar Properties Llc -- Hunter Title Agency
Leone Mario $195,000 Security Search
Cohen Seth $148,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geigel Naujy Ariday Serra $320,000
Closed Geigel Naujy Ariday Serra $320,000
Previous Owner Martorano Philip J $150,400
Previous Owner Leone Mario $175,500
Previous Owner Cohen Seth $133,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2024 07/16/24 Sold $320,000 -5.6% $136 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/22/2024 05/22/24 Price Changed $338,900 +0.4% $144 / Sq Ft
05/22/2024 05/22/24 Price Changed $337,500 -0.7% $143 / Sq Ft
05/01/2024 05/01/24 Price Changed $339,900 -2.9% $144 / Sq Ft
04/02/2024 04/02/24 For Sale $349,900 -- $149 / 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 $7,296 $134,100 $18,600 $115,500
2024 $7,063 $134,100 $18,600 $115,500
2023 $7,063 $134,100 $18,600 $115,500
2022 $6,861 $134,100 $18,600 $115,500
2021 $6,737 $134,100 $18,600 $115,500
2020 $6,533 $134,100 $18,600 $115,500
2019 $6,362 $134,100 $18,600 $115,500
2018 $6,087 $134,100 $18,600 $115,500
2017 $6,252 $134,100 $18,600 $115,500
2016 $6,045 $134,100 $18,600 $115,500
2015 $5,774 $134,100 $18,600 $115,500
2014 $5,321 $143,200 $27,100 $116,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2040580

Bright MLS

APN: 21-00057-0000-00016