Seller's Agent in 2021
Justin Selby
Collini Real Estate LLC
(856) 364-1548
7 in this area
149 Total Sales
23 N Spruce St Millville, NJ 08332
Estimated Value: $243,388 - $346,000
--
Bed
--
Bath
1,820
Sq Ft
$162/Sq Ft
Est. Value
Highlights
- No HOA
- Forced Air Heating System
- Property is in very good condition
- Ceramic Tile Flooring
About This Home
As of July 2021SHOWINGS HAVE ENDED . MULTIPLE OFFERS. BEST AND FINAL DUE BY SUNDAY 06-13-2021 @ 5:00 PM. Well maintained , cash flowing duplex located in the strong rental and investment district of Millville, NJ. This property is located in a prime, rural like setting, and extremely sought after when available for occupancy. This property was built in 1992, constructed within the last 30 years, and should yield extremely low maintenance cost for years to come. The first floor is a 1 bed / 1 bath unit ($825.00 per month ) consisting of tiled and carpeted floors, updated kitchen, updated bathroom, and has been well cared for. The first floor unit also has access to a large fenced in rear yard. The second floor is a 3 bed / 2 full bath unit ($1,200.00 per month), with large living area, updated kitchen, tiled and carpeted floors, includes a third floor "loft style" design, and vaulted ceilings throughout. This property has been well maintained and includes a 30 year architectural shingled roof installed four years ago, vinyl siding, newer hot water heaters, and constructed on a concrete slab. Strong rental history and washer and dryer hookups in each unit increase tenant desirability. Public water, public sewer, and low taxes equals low holding cost. Gas and water meters are separated and cost are the responsibility of the tenants. Rear utility shed connected to exterior of the house makes simplifies any future maintenance. Great opportunity to start your investment portfolio, add to your existing one, or consider this property a strong candidate for a 1031 exchange with a 10%-11% cap rate at current rents and gross rental income of $24,000+ ! See agent remarks for additional details regarding value add. Invest in your yourself, Invest in your Family, Invest in Real Estate!
Last Agent to Sell the Property
(856) 364-1548 justinselby@collinirealestate.com Collini Real Estate LLC License #1867481 Listed on: 06/05/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,639
Year Built
- Built in 1992
Lot Details
- 6,250 Sq Ft Lot
- Lot Dimensions are 50.00 x 125.00
- Property is in very good condition
Home Design
- 1,820 Sq Ft Home
- Duplex
- Slab Foundation
- Frame Construction
- Architectural Shingle Roof
Kitchen
- Gas Oven or Range
Flooring
- Carpet
- Ceramic Tile
Parking
- 6 Parking Spaces
- 6 Driveway Spaces
- Gravel Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for sewer, real estate taxes, trash collection, water
- Tax Lot 00002 01
- Assessor Parcel Number 10-00093-00002 01
Community Details
Overview
- No Home Owners Association
- 2 Units
- 3-Story Building
Building Details
- Income includes apartment rentals
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2021
Closed on
Jul 23, 2021
Sold by
Zadroga Edward
Bought by
Tejada Federico A
Seller's Agent
Justin Selby
Collini Real Estate LLC
Buyer's Agent
Saverio Brunetti
Atlas Real Estate
List Price
$179,900
Sold Price
$202,000
Premium/Discount to List
$22,100
12.28%
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
$93,347
Avg. Annual Appreciation
9.06%
Original Mortgage
$151,500
Outstanding Balance
$137,672
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,675
Purchase Details
Listed on
Jul 31, 2015
Closed on
Oct 16, 2015
Sold by
Wilmington Trust Company
Bought by
Zadroga Edward
Seller's Agent
Ivan Kiyatkin
BHHS Fox & Roach-Marlton
Buyer's Agent
Natalie Tyson
Tesla Realty Group LLC
List Price
$78,900
Sold Price
$71,500
Premium/Discount to List
-$7,400
-9.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.76%
Purchase Details
Closed on
Jun 26, 2015
Sold by
Austino Robert A
Bought by
Wilmington Trust Comapny and Structured Asset Securities Corporation
Purchase Details
Closed on
Nov 24, 2004
Sold by
Beebe Lillian P
Bought by
Gillooly Colin and Gillooly Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,980
Interest Rate
5.68%
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 |
|---|---|---|---|
| Tejada Federico A | $202,000 | None Available | |
| Zadroga Edward | $71,500 | Foundation Title Llc | |
| Wilmington Trust Comapny | -- | None Available | |
| Gillooly Colin | $124,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tejada Federico A | $151,500 | |
| Previous Owner | Gillooly Colin | $24,980 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2021 07/23/21 | Sold | $202,000 | +6.4% | $111 / Sq Ft | |
| 06/15/2021 06/15/21 | Pending | -- | -- | -- | |
| 06/05/2021 06/05/21 | Price Changed | $189,900 | +5.6% | $104 / Sq Ft | |
| 06/05/2021 06/05/21 | For Sale | $179,900 | +151.6% | $99 / Sq Ft | |
| 10/19/2015 10/19/15 | Sold | $71,500 | -9.4% | $39 / Sq Ft | View Prior Sale |
| 09/22/2015 09/22/15 | Pending | -- | -- | -- | |
| 07/31/2015 07/31/15 | For Sale | $78,900 | -- | $43 / 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 | $3,960 | $100,900 | $17,500 | $83,400 |
| 2024 | $3,960 | $100,900 | $17,500 | $83,400 |
| 2023 | $3,927 | $100,900 | $17,500 | $83,400 |
| 2022 | $3,825 | $100,900 | $17,500 | $83,400 |
| 2021 | $3,701 | $100,900 | $17,500 | $83,400 |
| 2020 | $3,639 | $100,900 | $17,500 | $83,400 |
| 2019 | $3,471 | $100,900 | $17,500 | $83,400 |
| 2018 | $3,399 | $100,900 | $17,500 | $83,400 |
| 2017 | $3,368 | $100,900 | $17,500 | $83,400 |
| 2016 | $4,298 | $130,400 | $17,500 | $112,900 |
| 2015 | $4,201 | $130,400 | $17,500 | $112,900 |
| 2014 | $4,209 | $130,400 | $17,500 | $112,900 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Selby
-
Saverio Brunetti
Buyer's Agent in 2021
Saverio Brunetti
Atlas Real Estate
(609) 381-5088
7 in this area
86 Total Sales
-
Ivan Kiyatkin
Seller's Agent in 2015
Ivan Kiyatkin
BHHS Fox & Roach
(856) 287-7321
3 in this area
156 Total Sales
-
Natalie Tyson
Buyer's Agent in 2015
Natalie Tyson
Tesla Realty Group LLC
(856) 498-4062
20 in this area
62 Total Sales
Map
Source: Bright MLS
MLS Number: NJCB133142
APN: 10-00093-0000-00002-01
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