$190,000
SOLD DEC 20, 2024 RENTED FEB 25, 2025
-- Bed
-- Bath
2,310 Sq Ft
0.26 Acres

Recently Sold

$82 Per Sq Ft

24% Below List Price

57 Days on Market

About This Home

As of December 2024

Attention Savvy Investors... Looking for an income property to add to your real estate portfolio? Check out this large duplex with loads of potential. The building consists of (2) two bedroom, 1 full bath units with a spacious backyard (lot 61` x `182). Great income potential and convenient location - close proximity to Route 40, downtown shopping and schools. Property being sold "As Is". Seller will not be making any repairs. There is a cesspool on the property. Invest in your future today!

Last Agent to Sell the Property

Richard Warner

Warner Real Estate & Auction Company Listed on: 07/11/2024

Last Buyer's Agent

Veronica Merriel

Gruber Real Estate Agency Inc. License #8436574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,157

Year Built

  • Built in 1930

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 61.00 x 182.50

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 2,310 Sq Ft Home
  • Partial Basement

Schools

  • Arthur P. Schalick High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater
  • Cesspool

Community Details

  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 00017
  • Assessor Parcel Number 03-00005-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,157

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Attention Savvy Investors... Looking for an income property to add to your real estate portfolio? Check out this large duplex with loads of potential. The building consists of (2) two bedroom, 1 full bath units with a spacious backyard (lot 61` x `182). Great income potential and convenient location - close proximity to Route 40, downtown shopping and schools. Property being sold "As Is". Seller will not be making any repairs. There is a cesspool on the property. Invest in your future today!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2310
  • Living Area Sq Ft: 2310
  • Price Per Sq Ft: 103.46
  • Above Grade Finished Sq Ft: 2310
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Road Surface Type: Paved
  • Roof: Shingle, Pitched
  • 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: Wall Unit, Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Radiator, Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Cess Pool
  • Water Source: Public

Schools

  • School District: ELMER BORO
  • High School: ARTHUR P. SCHALICK H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396397
  • School District Source: Listing Agent
  • High School: ARTHUR P. SCHALICK H.S.

Lot Info

  • Lot Size Acres: 0.26
  • Lot Dimensions: 61.00 x 182.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11134.00
  • Year Assessed: 2023
  • Zoning: R125

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2

Tax Info

  • Tax Annual Amount: 7157.00
  • Assessor Parcel Number: 03-00005-00017
  • Tax Lot: 00017
  • Tax Total Finished Sq Ft: 2310
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 12/20/2024

MLS Schools

  • School District Name: ELMER BORO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Dec 20, 2024
Sold by
Bowe David and Bowe Peggy J
Bought by
Rooster Properties Llc
Seller's Agent
Richard Warner
Warner Real Estate & Auction Company
Buyer's Agent
Veronica Merriel
Gruber Real Estate Agency Inc.
List Price
$249,000
Sold Price
$190,000
Premium/Discount to List
-$59,000
-23.69%
Total Days on Market
57
Views
63
Current Estimated Value
$237,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,616
Avg. Annual Appreciation
44.49%

Purchase Details

Closed on
Jun 24, 2002
Sold by
Estate Of Esther Rubenstein
Bought by
Bowe David
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 Type Sale Price Title Company
Deed $190,000 Commonwealth Land Title
Deed $190,000 Commonwealth Land Title
Executors Deed $123,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Previous Owner $144,000 Credit Line Revolving
Previous Owner $80,374 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Rented $1,800 0.0% --
01/31/2025 01/31/25 For Rent $1,800 0.0% --
12/20/2024 12/20/24 Sold $190,000 -20.5% $82 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/23/2024 08/23/24 Price Changed $239,000 -4.0% $103 / Sq Ft
07/11/2024 07/11/24 For Sale $249,000 -- $108 / 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
2024 $7,158 $181,300 $30,800 $150,500
2023 $7,158 $181,300 $30,800 $150,500
2022 $6,985 $181,300 $30,800 $150,500
2021 $6,806 $181,300 $30,800 $150,500
2020 $6,848 $181,300 $30,800 $150,500
2019 $6,588 $181,300 $30,800 $150,500
2018 $6,492 $181,300 $30,800 $150,500
2017 $5,662 $181,300 $30,800 $150,500
2016 $5,419 $181,300 $30,800 $150,500
2015 $5,071 $181,300 $30,800 $150,500
2014 $5,015 $181,300 $30,800 $150,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2011530

Bright MLS

APN: 03-00005-0000-00017