NOT LISTED FOR SALE

244 David St South Amboy, NJ 08879

Estimated Value: $560,000 - $586,000

5 Beds
3.5 Baths
1,488 Sq Ft
$385/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $448,000 $301 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,057/month

26 Days on Market

Highlights

  • Screened Porch
  • 4-minute walk to South Amboy
  • Shed
  • Multiple cooling system units
  • Patio
  • Fenced

About This Home

As of November 2021

Incredible 3 family investment property with long term tenants (in 2 units) in place. 3rd unit has been recently renovated and is currently vacant. Possible rental income of $50,000 per year. Located half a block from the train station and 2 blocks from the upcoming NYC ferry. Unit 1 takes 3 floors on the left and consists of 3 beds, 1 1/2 bath, living room, dining room, kitchen and a huge basement. Right side of home consists of 2 units: unit 2 is downstairs with 1 bed, 1 bath, kitchen, living room and basement, and unit 3 (renovated) located on the 2nd floor with 1 bed, 1 bath, kitchen, LR and finished attic. Home has a spacious covered patio in the back, shed and beautiful fenced-in green area. Ultimate commuters' and investors' dream! Home is sold AS IS.

Last Agent to Sell the Property

Dagmara Kubisiak

Keller Williams Realty West Monmouth License #1648934 Listed on: 08/24/2021

Keller Williams Realty West Monmouth

Last Buyer's Agent

Dagmara Kubisiak

Keller Williams Realty West Monmouth License #1648934 Listed on: 08/24/2021

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,603

Year Built

  • Built in 1914

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Fenced
  • Level Lot

Home Design

  • Triplex
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 1,488 Sq Ft Home
  • 2-Story Property
  • Screened Porch
  • Walkup Attic
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Patio
  • Shed

Schools

  • South Amboy Elementary And Middle School
  • South Amboy High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Gross Income $31,800
  • Fenced Storage

Listing and Financial Details

  • Exclusions: personal items, some appliances (TBD)
  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 20-00046-0000-00032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,603

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Fenced Area, Level
  • Subdivision Name: None
  • Reso Interior Features: Attic - Walk Up
  • New Construction: No
  • Year Built: 1914
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Location Middle School: South Amboy
  • ExteriorFence: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Roof Timberline: Yes
  • Exterior Porch - Screened: Yes
  • Cooling Multi Units: Yes
  • Interior Attic - Walk Up: Yes
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Washer Hookup3: Yes
  • Income Expenses Gross Income2: 31800.0
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Basement Tenant Storage: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 3 Dryer Hookup: Yes
  • Unit 3 Washer Hookup: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Water Meter: Yes
  • Unit 2 Washer Hookup2: Yes
  • Exterior Locked Storage2: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full Finished, Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: personal items, some appliances (TBD)
  • Exterior Features: Fence, Patio, Porch - Screened, Locked Storage
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: South Amboy

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 20-00046-0000-00032
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10603.0
  • Tax Other Annual Assessment Amount: 376400.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31800.0

MLS Schools

  • Elementary School: South Amboy
  • High School: South Amboy High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 22, 2021
Sold by
Tom Noble Llc
Bought by
244 David Street Realty Llc
Seller's Agent
Dagmara Kubisiak
Keller Williams Realty West Monmouth
Buyer's Agent
Dagmara Kubisiak
Keller Williams Realty West Monmouth
List Price
$565,000
Sold Price
$448,000
Premium/Discount to List
-$117,000
-20.71%
Current Estimated Value
$572,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,859
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Feb 4, 2005
Source: Public Records

Range of Values:

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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
244 David Street Realty Llc $448,000 Kings Title Agency Llc
244 David Street Realty Llc $448,000 Rapciewicz Piotr
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2021 11/24/21 Sold $448,000 -20.7% $301 / Sq Ft
08/24/2021 08/24/21 For Sale $565,000 -- $380 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $12,079 $376,400 $125,000 $251,400
2024 $11,623 $376,400 $125,000 $251,400
2023 $11,623 $376,400 $125,000 $251,400
2022 $11,044 $376,400 $125,000 $251,400
2021 $10,859 $376,400 $125,000 $251,400
2020 $10,603 $376,400 $125,000 $251,400
2019 $10,434 $376,400 $125,000 $251,400
2018 $10,347 $376,400 $125,000 $251,400
2017 $10,182 $376,400 $125,000 $251,400
2016 $9,926 $376,400 $125,000 $251,400
2015 $9,997 $376,400 $125,000 $251,400
2014 $9,655 $376,400 $125,000 $251,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22128182

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00046-0000-00032