NOT LISTED FOR SALE

271 W Merchant St Audubon, NJ 08106

Estimated Value: $412,000 - $510,000

-- Bed
-- Bath
1,884 Sq Ft
$240/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $415,000 $220 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,158/month

17 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Replacement Windows
  • Ceiling Fan

About This Home

As of May 2024

Welcome to this charming multi-family home located at 271 W Merchant St, Audubon, NJ. This property offers a fantastic opportunity for investors or those seeking a multi-generational living arrangement. This property offers two updated, well maintained units- On the first floor you will find a two bedroom, one bath with laundry and basement access for storage. The second and third floors are updated and offer three bedrooms, two separate living spaces and laundry in unit.Projected rent for the two bedroom unit is $1700/mo and three bedroom unit is $2200/mo.Conveniently situated in Audubon, this home offers easy access to a variety of local amenities, dining, and entertainment options, making it a desirable location for residents. With its versatile layout and prime location, this multi-family home presents an exciting opportunity for the discerning buyer. Don't miss the chance to make this property your own and schedule a showing today!

Last Agent to Sell the Property

Allie Nagle

(856) 722-8090 allienagle@remax.net Compass New Jersey, LLC - Haddon Township License #1433468 Listed on: 04/18/2024

Compass New Jersey, LLC - Haddon Township

Last Buyer's Agent

Taralyn Hendricks

(609) 760-7847 njrealtortara@gmail.com Keller Williams - Main Street License #1537738

Keller Williams - Main Street

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,976

Year Built

  • Built in 1936

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 62.50 x 100.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Stone Foundation
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 1,884 Sq Ft Home
  • Ceiling Fan
  • Replacement Windows

Flooring

  • Wood
  • Wall to Wall Carpet

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Cooling System Utilizes Natural Gas
  • Radiator
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00001 01
  • Assessor Parcel Number 01-00094-00001 01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,976

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-04-18
  • Year Built: 1936
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this charming multi-family home located at 271 W Merchant St, Audubon, NJ. This property offers a fantastic opportunity for investors or those seeking a multi-generational living arrangement. This property offers two updated, well maintained units- On the first floor you will find a two bedroom, one bath with laundry and basement access for storage. The second and third floors are updated and offer three bedrooms, two separate living spaces and laundry in unit. Projected rent for the two bedroom unit is $1700/mo and three bedroom unit is $2200/mo. Conveniently situated in Audubon, this home offers easy access to a variety of local amenities, dining, and entertainment options, making it a desirable location for residents. With its versatile layout and prime location, this multi-family home presents an exciting opportunity for the discerning buyer. Don't miss the chance to make this property your own and schedule a showing today!
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 1884
  • Living Area Sq Ft: 1884
  • Price Per Sq Ft: 238.85
  • Above Grade Finished Sq Ft: 1884
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 271

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Pitched
  • 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: Natural Gas
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: AUDUBON PUBLIC SCHOOLS
  • School District Key: 300200396982
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 62.50 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.40
  • Year Assessed: 2023
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 8976.00
  • Assessor Parcel Number: 01-00094-00001 01
  • Tax Lot: 00001 01
  • Tax Total Finished Sq Ft: 1884
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/31/2024

MLS Schools

  • School District Name: AUDUBON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 22, 2024
Sold by
Girolami David W
Bought by
Sompel Kevin
Seller's Agent
Allie Nagle
Compass New Jersey, LLC - Haddon Township
Buyer's Agent
Taralyn Hendricks
Keller Williams - Main Street
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Views
102
Current Estimated Value
$451,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,423
Avg. Annual Appreciation
6.58%
Original Mortgage
$407,483
Outstanding Balance
$402,479
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$48,944

Purchase Details

Closed on
Dec 6, 2018
Sold by
Girolami Diane L and The David W Girolami Trust
Bought by
Girolami David W

Purchase Details

Closed on
Apr 26, 2011
Sold by
Donaghue John L and Donaghue Renee
Bought by
Girolami Diane L
Source: Public Records

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
Sompel Kevin $415,000 Surety Title
Sompel Kevin $415,000 Surety Title
Girolami David W -- None Available
Girolami Diane L $181,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sompel Kevin $407,483
Closed Sompel Kevin $407,483
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $415,000 -7.8% $220 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $450,000 -- $239 / 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 $9,285 $230,000 $99,700 $130,300
2024 $8,977 $230,000 $99,700 $130,300
2023 $8,977 $230,000 $99,700 $130,300
2022 $8,738 $230,000 $99,700 $130,300
2021 $8,374 $230,000 $99,700 $130,300
2020 $8,294 $230,000 $99,700 $130,300
2019 $8,183 $230,000 $99,700 $130,300
2018 $8,082 $230,000 $99,700 $130,300
2017 $7,914 $230,000 $99,700 $130,300
2016 $7,707 $230,000 $99,700 $130,300
2015 $7,457 $230,000 $99,700 $130,300
2014 $7,385 $230,000 $99,700 $130,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2065900

Bright MLS

APN: 01-00094-0000-00001-01