NOT LISTED FOR SALE

260 Regional Dr Penns Grove, NJ 08069

Penns Grove Homes Neighborhood

Estimated Value: $141,000

4 Beds
1 Bath
1,305 Sq Ft
$108/Sq Ft Est. Value

Last Sold June 08, 2022

Last sale price $110,000 $84 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,059/month

51 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Forced Air Heating System

About This Home

As of June 2022

Investor Alert! Here’s an affordable turn-key property to add to your portfolio! Currently, this adorable 4 bedroom/1 bath Cape Cod Style home is tenant occupied and the tenants are paying $1,100/month. Completely wrapped in brick, this home is low maintenance and was built to last! There’s a fenced, tree-lined backyard with a concrete patio. Low taxes! Oil Forced Air Heat. Conveniently located within walking distance to the High School and just 7 minutes from the Delaware Memorial Bridge and tax-free shopping in Delaware, 9 minutes to Acme, 14 minutes to Walmart.

The homeowner would prefer to sell to an investor looking to honor the current tenants occupying the home.

Last Listed By

Karen Casey

RE/MAX Preferred - Cherry Hill License #0678608 Listed on: 03/28/2022

RE/MAX Preferred - Cherry Hill

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,105

Year Built

  • Built in 1945

Lot Details

  • 7,427 Sq Ft Lot
  • Lot Dimensions are 55.00 x 135.00

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,305 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces

Schools

  • Woodstown Middle School
  • Penns Grove High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00016
  • Assessor Parcel Number 02-00070-00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,105

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! Here’s an affordable turn-key property to add to your portfolio! Currently, this adorable 4 bedroom/1 bath Cape Cod Style home is tenant occupied and the tenants are paying $1,100/month. Completely wrapped in brick, this home is low maintenance and was built to last! There’s a fenced, tree-lined backyard with a concrete patio. Low taxes! Oil Forced Air Heat. Conveniently located within walking distance to the High School and just 7 minutes from the Delaware Memorial Bridge and tax-free shopping in Delaware, 9 minutes to Acme, 14 minutes to Walmart. The homeowner would prefer to sell to an investor looking to honor the current tenants occupying the home.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1305
  • Living Area Sq Ft: 1305
  • Price Per Sq Ft: 95.79
  • Above Grade Finished Sq Ft: 1305
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 260

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • Middle School: WOODSTOWN M.S.
  • High School: PENNS GROVE H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397143
  • School District Source: Listing Agent
  • High School: PENNS GROVE H.S.
  • Middle Or Junior School: WOODSTOWN M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 68000.00
  • Land Assessed Value: 25600.00
  • Lot Size Acres: 0.17
  • Lot Dimensions: 55.00 x 135.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7427.00
  • Year Assessed: 2021
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2191165
  • Tax Annual Amount: 3105.00
  • Assessor Parcel Number: 02-00070-00016
  • Tax Lot: 00016
  • Tax Total Finished Sq Ft: 1305
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/08/2022

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2023
Sold by
Winter 2022 Llc
Bought by
Winter Refi 2023 Llc
Total Days on Market
51
Current Estimated Value
$141,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$160,913
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
-$19,913

Purchase Details

Listed on
Mar 28, 2022
Closed on
Jun 2, 2022
Sold by
Jason Schwager
Bought by
Winter 2022 Llc
Seller's Agent
Karen Casey
RE/MAX Preferred - Cherry Hill
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$140,000
Sold Price
$110,000
Premium/Discount to List
-$30,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$127,350
Interest Rate
4.32%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 7, 2012
Closed on
May 30, 2013
Sold by
Nines James F
Bought by
Schwager Jason
Seller's Agent
Brian Savarese
American Dream Realty of South Jersey
Buyer's Agent
Rochelle Doran
BHHS Fox & Roach-Mullica Hill South
List Price
$75,000
Sold Price
$60,000
Premium/Discount to List
-$15,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Oct 1, 2009
Sold by
Reed Joseph Gary
Bought by
Nines James F

Range of Values:

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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
Winter Refi 2023 Llc -- Madison Title
Winter 2022 Llc $110,000 Madison Title
Schwager Jason $60,000 West Jersey Title Agency
Nines James F $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winter Refi 2023 Llc $165,000
Previous Owner Winter 2022 Llc $127,350
Previous Owner Schwager Jason $69,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2022 06/08/22 Sold $110,000 -12.0% $84 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
04/28/2022 04/28/22 Price Changed $125,000 -10.7% $96 / Sq Ft
03/28/2022 03/28/22 For Sale $140,000 +133.3% $107 / Sq Ft
05/31/2013 05/31/13 Sold $60,000 -13.0% $59 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
01/30/2013 01/30/13 Price Changed $69,000 0.0% $68 / Sq Ft
12/07/2012 12/07/12 Rented $1,100 -98.5% --
11/14/2012 11/14/12 Under Contract -- -- --
11/07/2012 11/07/12 For Sale $75,000 0.0% $74 / Sq Ft
10/09/2012 10/09/12 For Rent $1,100 -- --
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
2024 $3,332 $93,600 $25,600 $68,000
2023 $3,332 $93,600 $25,600 $68,000
2022 $3,136 $93,600 $25,600 $68,000
2021 $3,106 $93,600 $25,600 $68,000
2020 $3,133 $93,600 $25,600 $68,000
2019 $3,159 $93,600 $25,600 $68,000
2018 $3,143 $99,800 $29,400 $70,400
2017 $2,930 $99,800 $29,400 $70,400
2016 $2,823 $99,800 $29,400 $70,400
2015 $3,420 $126,800 $38,600 $88,200
2014 $3,237 $126,800 $38,600 $88,200
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: NJSA2003416

Bright MLS

APN: 02-00070-0000-00016