2430 Route 206 Mount Holly, NJ 08060
--
Bed
--
Bath
1,856
Sq Ft
0.51
Acres
Highlights
- 0.51 Acre Lot
- Electric Baseboard Heater
- Hot Water Baseboard Heater
- Rambler Architecture
About This Home
As of December 2024***OFFER HAS BEEN ACCPETED - NOT SCHEDULING ANY ADDITIONAL SHOWINGS AT THIS TIME***
9.42 CAP RATE! Excellent investment opportunity in Mount Holly, NJ. Conveniently located within minutes of several major highways and the NJ Turnpike offering easy access to Philadelphia. 2430 Route 206 features three fully occupied rental units with long-term tenants and excellent rental income. Unit 1 is a studio that rents out for $900, Unit 2 is a 2-bedroom that rents out for $1,200 & Unit 3 is a 2-bedroom that rents out for $1,200. All units are well maintained with significant upgrades throughout. There is a common patio shared by all three units and reserved onsite parking. Property is septic and well. All separate utilities in place for tenants with the landlord covering oil, insurance & taxes. This is an excellent investment opportunity with major upside.
Last Agent to Sell the Property
BHHS Fox & Roach-Marlton License #2296861 Listed on: 04/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,541
Year Built
- Built in 1950
Lot Details
- 0.51 Acre Lot
Home Design
- Triplex
- Rambler Architecture
- Brick Foundation
- Vinyl Siding
Interior Spaces
- 1,856 Sq Ft Home
- Basement
- Exterior Basement Entry
Parking
- Driveway
- Parking Lot
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Oil
- Hot Water Baseboard Heater
- Electric Baseboard Heater
- Well
- Natural Gas Water Heater
- On Site Septic
Community Details
- 3 Units
- 1-Story Building
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 29-00781-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2024
Closed on
Nov 22, 2024
Sold by
German Paul A
Bought by
2430 Route 206 Llc
Seller's Agent
Jon Benstead
BHHS Fox & Roach-Marlton
Buyer's Agent
Jon Benstead
BHHS Fox & Roach-Marlton
List Price
$325,000
Sold Price
$260,000
Premium/Discount to List
-$65,000
-20%
Views
186
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
$29,472
Avg. Annual Appreciation
22.25%
Original Mortgage
$195,000
Outstanding Balance
$194,327
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$106,744
Purchase Details
Listed on
Nov 19, 2010
Closed on
Dec 26, 2011
Sold by
Mccullough Robert W and Mccullough Patricia
Bought by
German Paul A
Seller's Agent
Joe Trela
RE/MAX Executive Realty-Pemberton
Buyer's Agent
MICHAEL E. Gordon
BHHS Fox & Roach-Cherry Hill
List Price
$219,900
Sold Price
$200,000
Premium/Discount to List
-$19,900
-9.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%
Original Mortgage
$194,930
Interest Rate
4.25%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 27, 1999
Sold by
Verner Raymond and Verner Sandra
Bought by
Mccullough Robert W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
7.54%
Similar Homes in Mount Holly, NJ
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $260,000 | None Listed On Document | |
| Bargain Sale Deed | $200,000 | Foundation Title | |
| Bargain Sale Deed | $80,000 | Congress Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $195,000 | New Conventional | |
| Previous Owner | $193,690 | FHA | |
| Previous Owner | $194,930 | FHA | |
| Previous Owner | $59,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Sold | $260,000 | -20.0% | $140 / Sq Ft |
| 04/17/2024 04/17/24 | For Sale | $325,000 | 0.0% | $175 / Sq Ft |
| 01/01/2013 01/01/13 | Rented | $575 | 0.0% | -- |
| 12/28/2012 12/28/12 | Under Contract | -- | -- | -- |
| 12/08/2012 12/08/12 | For Rent | $575 | -47.7% | -- |
| 09/19/2012 09/19/12 | Rented | $1,100 | -8.3% | -- |
| 09/16/2012 09/16/12 | Under Contract | -- | -- | -- |
| 08/24/2012 08/24/12 | For Rent | $1,200 | 0.0% | -- |
| 01/06/2012 01/06/12 | Sold | $200,000 | -9.0% | $99 / Sq Ft |
| 11/22/2011 11/22/11 | Pending | -- | -- | -- |
| 11/19/2010 11/19/10 | For Sale | $219,900 | -- | $109 / 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 | $5,229 | $170,600 | $27,200 | $143,400 |
| 2024 | $4,906 | $170,600 | $27,200 | $143,400 |
| 2023 | $4,906 | $170,600 | $27,200 | $143,400 |
| 2022 | $4,541 | $170,600 | $27,200 | $143,400 |
| 2021 | $4,355 | $170,600 | $27,200 | $143,400 |
| 2020 | $4,192 | $170,600 | $27,200 | $143,400 |
| 2019 | $4,014 | $170,600 | $27,200 | $143,400 |
| 2018 | $3,878 | $170,600 | $27,200 | $143,400 |
| 2017 | $3,798 | $170,600 | $27,200 | $143,400 |
| 2016 | $4,187 | $112,000 | $15,400 | $96,600 |
| 2015 | $4,153 | $112,000 | $15,400 | $96,600 |
| 2014 | $3,970 | $112,000 | $15,400 | $96,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Benstead
Seller's Agent in 2024
Jon Benstead
BHHS Fox & Roach
(856) 465-9573
1 in this area
3 Total Sales
-
M
Seller's Agent in 2013
MICHAEL E. Gordon
BHHS Fox & Roach
-
Joe Trela
Seller's Agent in 2012
Joe Trela
RE/MAX
(609) 894-4400
21 in this area
63 Total Sales
-
Jeanette Nagy
Seller Co-Listing Agent in 2012
Jeanette Nagy
Re/Max At Home
(609) 744-6349
6 in this area
25 Total Sales
Map
Source: Bright MLS
MLS Number: NJBL2063850
APN: 29-00781-0000-00001
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