NOT LISTED FOR SALE

2551 Liberty St Trenton, NJ 08629

Estimated Value: $525,000 - $652,000

-- Bed
-- Bath
2,249 Sq Ft
$252/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $445,000 $198 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,822/month

Highlights

  • 0.5 Acre Lot
  • 1 Car Detached Garage
  • Hot Water Heating System
  • Colonial Architecture
  • Parking Storage or Cabinetry

About This Home

As of July 2022

Four family House completely renovated in 2015 with beautiful Kitchens and Baths on a 100 x 217 lot with 10 parking spaces and a 16 x 25 detached garage for storage or additional rental income. Full basement has a storage compartment for each tenant and coin operated washer and dryer. Each tenant has hot water heater, gas, and electric meter. Owner provides water and heat. Not a typical rental property, it has been very well-maintained.

Unit 1 - lease expiration 7/31/22
monthly rent $1,000.
Security deposit $1,000.

Unit 2 - lease expiration 12/31/22
monthly rent $1,200.
security deposit $1,800.

Unit 3 - lease expiration 10/31/23
monthly rent $1,250.
security deposit $1,875.

Unit 4 - lease expiration 8/31/22
monthly rent $950.
security deposit $1,425.

Garage is occupied by owner.

Last Agent to Sell the Property

Robert Lambert

(609) 586-1700 realtorlamb@aol.com Action USA Jay Robert Realtors License #7816188 Listed on: 04/22/2022

Last Buyer's Agent

Mary Saba

(732) 239-4641 marysabarealtornj@gmail.com Queenston Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,144

Year Built

  • Built in 1945

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100.00 x 217.80

Parking

  • 1 Car Detached Garage
  • 10 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Lot

Home Design

  • 2,249 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, insurance, common area maintenance, sewer, snow removal, real estate taxes, water
  • Tax Lot 00003
  • Assessor Parcel Number 03-02047-00003

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,144

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: tenant's belongings
  • Inclusions: 4 refrigerators, ranges, microwaves - All "As Is" condition
  • New Construction: No
  • Expected On Market: 2022-04-29
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 2249
  • Living Area Sq Ft: 2249
  • Price Per Sq Ft: 182.30
  • Above Grade Finished Sq Ft: 2249
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Parking Lot, Detached Garage
  • Parking Lot Number Of Spaces: 10

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 196600.00
  • Land Assessed Value: 53000.00
  • Lot Size Acres: 0.50
  • Lot Dimensions: 100.00 x 217.80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21780.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Heat, Insurance, Common Area Maintenance, Sewer, Snow Removal, Taxes - Real Estate, Water
  • Total Actual Rent: 52800.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Income Includes: Apartment Rentals

Tax Info

  • Assessor Parcel Number: 2099289
  • Tax Annual Amount: 8144.00
  • Assessor Parcel Number: 03-02047-00003
  • Tax Lot: 00003
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2022
Closed on
Jul 5, 2022
Sold by
Mercer Realty Group Limited Liability Co
Bought by
Hans Sudarshan
Seller's Agent
Robert Lambert
Action USA Jay Robert Realtors
Buyer's Agent
Mary Saba
Queenston Realty, LLC
List Price
$389,000
Sold Price
$445,000
Premium/Discount to List
$56,000
14.4%
Current Estimated Value
$566,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,850
Avg. Annual Appreciation
7.45%
Original Mortgage
$333,750
Outstanding Balance
$319,415
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$247,435

Purchase Details

Closed on
Dec 19, 2014
Sold by
Cray Mary Ann
Bought by
Mercer Realty Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.02%
Mortgage Type
New Conventional
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
Hans Sudarshan $445,000 None Listed On Document
Mercer Realty Group Llc $120,000 Title Evolution Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hans Sudarshan $333,750
Previous Owner Mercer Realty Group Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $445,000 +8.5% $198 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
05/01/2022 05/01/22 Price Changed $410,000 +5.4% $182 / Sq Ft
04/22/2022 04/22/22 For Sale $389,000 -- $173 / 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
2025 $10,022 $284,400 $53,000 $231,400
2024 $8,244 $284,400 $53,000 $231,400
2023 $8,244 $249,600 $53,000 $196,600
2022 $8,115 $249,600 $53,000 $196,600
2021 $9,318 $249,600 $53,000 $196,600
2020 $8,419 $249,600 $53,000 $196,600
2019 $8,199 $249,600 $53,000 $196,600
2018 $8,107 $249,600 $53,000 $196,600
2017 $7,693 $249,600 $53,000 $196,600
2016 $6,847 $253,200 $56,600 $196,600
2015 $6,905 $142,100 $33,000 $109,100
2014 $6,794 $142,100 $33,000 $109,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Robert Lambert

    Action USA Jay Robert Realtors

    (609) 586-1700

    9 in this area

    26 Total Sales

    Robert Lambert
    Section Image
  • Mary Saba

    Buyer's Agent in 2022

    Mary Saba

    Queenston Realty, LLC

    (732) 239-4641

    3 in this area

    114 Total Sales

    Mary Saba
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME2015240

Bright MLS

APN: 03-02047-0000-00003

New Jersey Mercer County Trenton 08610

2551 Liberty St, Trenton, NJ

Not Listed for Sale

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