NOT LISTED FOR SALE

26 Mill Rd Edison, NJ 08817

Estimated Value: $549,439 - $760,000

-- Bed
-- Bath
2,086 Sq Ft
$301/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $340,000 $163 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,039/month

110 Days on Market

Highlights

  • Property is near public transit and shops
  • Corner Lot
  • Accessibility Features
  • Edison High School Rated A-
  • Private Yard
  • Utility Room

About This Home

As of November 2022

Great income producing two family for investor. Both units are enrolled in a moderate affordable housing program. Buyer in all probability WILL NOT qualify to reside in either apartment. Tenants have been remarkably stable with only two turnovers since 2014. Note unit 2 (Upstairs) has been beautifully renovated. See attachments for more specific details.

Last Agent to Sell the Property

Don Weingart

FOX & FOXX REALTY, LLC Listed on: 07/15/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,908

Year Built

  • Built in 1883

Lot Details

  • 9,326 Sq Ft Lot
  • Lot Dimensions are 106.00 x 88.00
  • Corner Lot
  • Private Yard

Parking

  • Paved Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,086 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Carpet
  • Oven or Range

Basement

  • Partial Basement
  • Laundry in Basement

Utilities

  • No Cooling
  • Radiant Heating System
  • Gas Water Heater

Additional Features

  • Accessibility Features
  • Property is near public transit and shops

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks water), unit 2 owner pays(see remarks water)

Community Details

Overview

  • Raritan Subdivision

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,908

Year Built

Built in 1883

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2141
  • Lot Size: 106.00 x 88.00
  • Ownership: Fee Simple
  • Subdivision Name: Raritan
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1883
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 2(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(See Remarks,Water), Unit 2 Owner Pays(See Remarks,Water)
  • Accessibility Features: Unit 1 Accessibility Features
  • Has Basement: Partial, Utility Room, Laundry Facilities
  • Flooring: Unit 2 Carpet
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks)
  • Living Area: 2086
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Corner Lot, Near Public Transit
  • Exterior Features: Curbs, Sidewalk, Yard
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 4(+)Car Parking, Paved

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 9326
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 8908
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Nov 1, 2022
Sold by
Mill Road Llc
Bought by
Stone Jonathan E and Xiao Yunlin
Seller's Agent
Don Weingart
FOX & FOXX REALTY, LLC
List Price
$379,900
Sold Price
$340,000
Premium/Discount to List
-$39,900
-10.5%
Views
75
Current Estimated Value
$627,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,860
Avg. Annual Appreciation
21.50%
Original Mortgage
$255,000
Outstanding Balance
$246,075
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$381,785

Purchase Details

Closed on
May 16, 2014
Sold by
Fox Steven J and Fox Robert C
Bought by
Mill Road Llc

Purchase Details

Closed on
Nov 6, 1997
Sold by
Green Lenore
Bought by
Foxx Robert
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
Stone Jonathan E $340,000 --
Mill Road Llc -- None Available
Foxx Robert $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Jonathan E $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2022 11/02/22 Sold $340,000 0.0% $163 / Sq Ft
09/16/2022 09/16/22 Price Changed $339,999 -10.5% $163 / Sq Ft
07/15/2022 07/15/22 For Sale $379,900 -- $182 / Sq Ft
Source: All Jersey 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 $8,983 $150,900 $87,600 $63,300
2024 $8,935 $150,900 $87,600 $63,300
2023 $8,935 $150,900 $87,600 $63,300
2022 $8,938 $150,900 $87,600 $63,300
2021 $8,908 $150,900 $87,600 $63,300
2020 $8,826 $150,900 $87,600 $63,300
2019 $8,493 $150,900 $87,600 $63,300
2018 $8,287 $150,900 $87,600 $63,300
2017 $8,109 $150,900 $87,600 $63,300
2016 $7,961 $150,900 $87,600 $63,300
2015 $7,657 $150,900 $87,600 $63,300
2014 $5,896 $119,700 $87,600 $32,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2300757R

All Jersey MLS

APN: 05-00265-29-00081