NOT LISTED FOR SALE

225 E Holly Ave Pitman, NJ 08071

Estimated Value: $336,000 - $426,000

-- Bed
-- Bath
2,480 Sq Ft
$154/Sq Ft Est. Value

Last Sold January 10, 2023

Last sale price $290,000 $117 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,797/month

136 Days on Market

Highlights

  • Colonial Architecture
  • Ceiling Fan
  • Radiator
  • Corner Lot
  • Vinyl Flooring

About This Home

As of January 2023

Great investment opportunity in the heart of Pitman NJ. This up and down duplex features 3 bedrooms in each unit. The first floor rents for $1,350 per month and the 2nd floor rents for $1,405 per month. Both tenants are month to month. Tenants pay their own separate gas and electric. Owner pays for water and sewer up to $225 per quarter (each unit).

Last Agent to Sell the Property

Rick Gullo

(856) 981-3033 rick@rickgullo.com BHHS Fox & Roach-Vineland Listed on: 07/25/2022

BHHS Fox & Roach-Vineland

Last Buyer's Agent

Barbara Petrillo

(609) 206-0345 barbara.petrillo@foxroach.com BHHS Fox & Roach-Cherry Hill License #1648190

BHHS Fox & Roach-Cherry Hill

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,615

Year Built

  • Built in 1905

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 101.00 x 133.00
  • Corner Lot
  • Property is in average condition

Home Design

  • Duplex
  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,480 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Schools

  • Pitman Middle School
  • Pitman High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 15-00080-00005

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • Insurance Expense $1,492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,615

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Remarks Public: Great investment opportunity in the heart of Pitman NJ. This up and down duplex features 3 bedrooms in each unit. The first floor rents for $1,350 per month and the 2nd floor rents for $1,405 per month. Both tenants are month to month. Tenants pay their own separate gas and electric. Owner pays for water and sewer up to $225 per quarter (each unit).
  • Special Features: None

Interior Features

  • Flooring Type: Vinyl, Laminated
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2480
  • Living Area Sq Ft: 2480
  • Price Per Sq Ft: 122.94
  • Above Grade Finished Sq Ft: 2480
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 225

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

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

Schools

  • School District: PITMAN BORO PUBLIC SCHOOLS
  • Middle School: PITMAN
  • High School: PITMAN
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396141
  • School District Source: Listing Agent
  • High School: PITMAN
  • Middle Or Junior School: PITMAN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 197200.00
  • Land Assessed Value: 66500.00
  • Lot Size Acres: 0.31
  • Lot Dimensions: 101.00 x 133.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13434.00
  • Property Condition: Average
  • Year Assessed: 2022
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 33060.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2024679
  • Tax Annual Amount: 8615.00
  • Assessor Parcel Number: 15-00080-00005
  • Tax Lot: 00005
  • Tax Total Finished Sq Ft: 2480
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 01/10/2023

MLS Schools

  • School District Name: PITMAN BORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Jan 4, 2023
Sold by
Chowdhury Julie
Bought by
East Holly Equity Llc
Seller's Agent
Rick Gullo
BHHS Fox & Roach-Vineland
Buyer's Agent
Barbara Petrillo
BHHS Fox & Roach-Cherry Hill
List Price
$339,000
Sold Price
$290,000
Premium/Discount to List
-$49,000
-14.45%
Views
219
Current Estimated Value
$382,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,762
Avg. Annual Appreciation
10.74%
Original Mortgage
$217,500
Outstanding Balance
$210,411
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$172,351

Purchase Details

Listed on
May 5, 2020
Closed on
Jun 17, 2020
Sold by
Pallies Timothy J
Bought by
Chowdhury Julie
Seller's Agent
Marcy Ireland
Home and Heart Realty
Buyer's Agent
Rick Gullo
BHHS Fox & Roach-Vineland
List Price
$229,900
Sold Price
$180,000
Premium/Discount to List
-$49,900
-21.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.66%

Purchase Details

Closed on
Aug 30, 2018
Sold by
Pallies Jeffrey A
Bought by
Pallies Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2010
Sold by
Rosenberg Kay L
Bought by
Pallies Jeff

Purchase Details

Closed on
Oct 30, 2007
Sold by
Rosenberg Richard
Bought by
Rosenberg Kay L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2006
Sold by
Jackson Barry L
Bought by
Richard Rosenberg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,300
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
East Holly Equity Llc $290,000 --
East Holly Equity Llc $290,000 None Listed On Document
Chowdhury Julie $180,000 Trident Land Transfer Co Nj
Pallies Timothy J $125,000 Homestead Title Agency
Pallies Jeff $210,000 Homestead Title Agency
Rosenberg Kay L $235,000 Woodbury Title Agency Llc
Richard Rosenberg $227,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Holly Equity Llc $217,500
Closed East Holly Equity Llc $217,500
Previous Owner Pallies Timothy J $100,000
Previous Owner Rosenberg Kay L $188,000
Previous Owner Richard Rosenberg $204,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2023 01/10/23 Sold $290,000 -4.9% $117 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
11/09/2022 11/09/22 Price Changed $304,900 -4.4% $123 / Sq Ft
08/31/2022 08/31/22 Price Changed $319,000 -3.0% $129 / Sq Ft
08/08/2022 08/08/22 Price Changed $329,000 -2.9% $133 / Sq Ft
07/25/2022 07/25/22 For Sale $339,000 +88.3% $137 / Sq Ft
06/26/2020 06/26/20 Sold $180,000 -16.2% $73 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/19/2020 05/19/20 Price Changed $214,900 -6.5% $87 / Sq Ft
05/05/2020 05/05/20 For Sale $229,900 -- $93 / 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 $9,211 $263,700 $66,500 $197,200
2024 $8,968 $263,700 $66,500 $197,200
2023 $8,968 $263,700 $66,500 $197,200
2022 $8,615 $263,700 $66,500 $197,200
2021 $8,997 $200,800 $44,200 $156,600
2020 $8,895 $200,800 $44,200 $156,600
2019 $9,076 $200,800 $44,200 $156,600
2018 $8,923 $209,800 $44,200 $165,600
2017 $8,812 $209,800 $44,200 $165,600
2016 $8,642 $209,800 $44,200 $165,600
2015 $8,409 $209,800 $44,200 $165,600
2014 $8,151 $209,800 $44,200 $165,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2019102

Bright MLS

APN: 15-00080-0000-00005