NOT LISTED FOR SALE

251 Spring St Trenton, NJ 08618

Central West Neighborhood

Estimated Value: $262,000 - $342,000

Studio
-- Bath
2,232 Sq Ft
$133/Sq Ft Est. Value

Sale Details

Date Sold: March 13, 2019

Last sale price $39,000 $17 Per Sq Ft

Est. 662% increase in value since last sale

Current estimated payment $2,227 / mo

101 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater

About This Home

As of March 2019

Calling all investors! Solid and charming 3 unit property in a desirable location close to downtown Trenton great for any investor. The welcoming covered front porch leads you into a property that will generate excellent monthly rental income. Some of the many renovations and upgrades include but are not limited to, 3 gas heaters, 3 gas boilers, the roof, 37 new windows, the fire escape, updated plumbing and electrical, separate gas and electric meters for all units and much more. Come finish this project and make this excellent investment yours.

Last Agent to Sell the Property

Rafael Rodriguez

(609) 587-9300 remaxtricountynj@gmail.com RE/MAX Tri County Listed on: 11/02/2018

RE/MAX Tri County

Last Buyer's Agent

Stephen Psyllos

(609) 890-3300 michelle.krzywulak@foxroach.com BHHS Fox & Roach - Robbinsville License #7862792

BHHS Fox & Roach - Robbinsville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1887

Lot Details

  • 2,232 Sq Ft Lot
  • Lot Dimensions are 19x120

Parking

  • On-Street Parking

Home Design

  • 2,232 Sq Ft Home
  • Triplex

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00021
  • Assessor Parcel Number 11-02105-00021

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $3,091

Property Details

Home Type

Multi-Family

Year Built

Built in 1887

Lot Details

2,232 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1887
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2232
  • Living Area Sq Ft: 2232
  • Price Per Sq Ft: 22.36
  • Above Grade Finished Sq Ft: 2232
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Exterior Features: Sidewalks, Street Lights
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 53500.00
  • Land Assessed Value: 5800.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 19X120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2232.00
  • Zoning: MUL

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2149194
  • Tax Annual Amount: 3091.00
  • Assessor Parcel Number: 11-02105-00021
  • Tax Lot: 00021
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2019
Sold by
251 Spring St Llc
Bought by
Two Rivers Construction
Current Estimated Value
$297,244

Purchase Details

Listed on
Nov 2, 2018
Closed on
Mar 18, 2019
Sold by
Amber Radar Inc
Bought by
251 Spring St Llc
Seller's Agent
Rafael Rodriguez
RE/MAX Tri County
Buyer's Agent
Stephen Psyllos
BHHS Fox & Roach - Robbinsville
List Price
$69,900
Sold Price
$39,000
Premium/Discount to List
-$30,900
-44.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.06%

Purchase Details

Closed on
Mar 21, 2016
Sold by
251 Springs Street Llc
Bought by
Amber Radar Inc

Purchase Details

Closed on
Nov 23, 2004
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Two Rivers Construction $53,000 None Available
251 Spring St Llc $39,000 Cross Bridge Title Llc
Amber Radar Inc $9,000 Emerald Title Agency
-- $75,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2019 03/13/19 Sold $39,000 -21.8% $17 / Sq Ft
02/11/2019 02/11/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $49,900 -16.7% $22 / Sq Ft
11/21/2018 11/21/18 Price Changed $59,900 -14.3% $27 / Sq Ft
11/02/2018 11/02/18 For Sale $69,900 -- $31 / Sq Ft
Source: Bright MLS

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 $7,802 $134,500 $5,800 $128,700
2024 $7,488 $134,500 $5,800 $128,700
2023 $7,488 $134,500 $5,800 $128,700
2022 $2,320 $42,500 $5,800 $36,700
2021 $2,360 $42,500 $5,800 $36,700
2020 $2,352 $42,500 $5,800 $36,700
2019 $2,315 $42,500 $5,800 $36,700
2018 $3,091 $59,300 $5,800 $53,500
2017 $2,938 $59,300 $5,800 $53,500
2016 $2,911 $50,600 $5,900 $44,700
2015 $2,901 $50,600 $5,900 $44,700
2014 $2,887 $50,600 $5,900 $44,700
Source: Public Records

Agents Affiliated with this Home

  • Rafael Rodriguez

    Seller's Agent in 2019

    Rafael Rodriguez

    RE/MAX

    (609) 587-9300

    24 Total Sales

    Rafael Rodriguez
    Section Image
  • Stephen Psyllos

    Buyer's Agent in 2019

    Stephen Psyllos

    BHHS Fox & Roach

    (609) 510-2624

    31 Total Sales

    Stephen Psyllos
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME100254

Bright MLS

APN: 11-02105-0000-00021

New Jersey Mercer County Trenton 08618 Central West

251 Spring St, Trenton, NJ

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