NOT LISTED FOR SALE

272 1st St South Amboy, NJ 08879

Estimated Value: $574,000 - $780,000

6 Beds
4 Baths
3,332 Sq Ft
$197/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $420,000 $126 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,420/month

55 Days on Market

Highlights

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • 2 Car Garage

About This Home

As of July 2020

Fully Rented ''Side by Side'' Duplex 2 Family in Heart of South Amboy, Approx 0.3 Miles from TRAIN!

Last Agent to Sell the Property

Monica Kloc

Imperial Realty Properties License #1006852 Listed on: 10/31/2019

Last Buyer's Agent

Weiming Wong

Keller Williams Realty West Monmouth License #8833175

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,679

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 50 x 111

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,332 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • South Amboy Elementary And Middle School
  • South Amboy High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenant & Seller Personal Property
  • Tenant pays for water, gas, electricity
  • The owner pays for sewer
  • Assessor Parcel Number 20-00052-0000-00001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,000
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,679

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1914
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 111
  • Location Middle School: South Amboy
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Washer Hookup3: Yes
  • Income Expenses Insurance Expense: 1000.0
  • Income Expenses Gross Income2: 45600.0
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: None

Interior Features

  • Basement: Other, Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • BasementOther: Yes
  • Basement:Partial: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Tenant & Seller Personal Property

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: South Amboy

Lot Info

  • Lot Dimensions: 50 x 111
  • Parcel #: 20-00052-0000-00001

Rental Info

  • Tenant Pays: Water, Gas, Electricity
  • Owner Pays: Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 9679.0
  • Tax Other Annual Assessment Amount: 352100.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 45600.0
  • Insurance Expense: 1000.0

MLS Schools

  • Elementary School: South Amboy
  • High School: South Amboy High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Jun 26, 2020
Sold by
Szlezak Jakub and Szlezak Ursula
Bought by
Erbeli Iliran
Seller's Agent
Monica Kloc
Imperial Realty Properties
Buyer's Agent
Weiming Wong
Keller Williams Realty West Monmouth
List Price
$475,000
Sold Price
$420,000
Premium/Discount to List
-$55,000
-11.58%
Current Estimated Value
$658,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,066
Avg. Annual Appreciation
8.84%
Original Mortgage
$405,982
Outstanding Balance
$359,998
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$298,068

Purchase Details

Closed on
Aug 30, 2004
Sold by
Prester John Odedele
Bought by
Szlezak Jakub and Slezak Urszula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.08%

Purchase Details

Closed on
Sep 6, 2000
Sold by
Stratton Allan
Bought by
Odedele Preston and Tella Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,569
Interest Rate
7.96%
Mortgage Type
FHA
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
Erbeli Iliran $490,000 Green Label Title
Szlezak Jakub $350,000 --
Odedele Preston $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erbeli Iliran $405,982
Previous Owner Szlezak Jakub $280,000
Previous Owner Odedele Preston $173,569
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $420,000 -11.6% $126 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
12/05/2019 12/05/19 For Sale $475,000 -- $143 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $11,299 $352,100 $126,000 $226,100
2024 $10,873 $352,100 $126,000 $226,100
2023 $10,873 $352,100 $126,000 $226,100
2022 $10,331 $352,100 $126,000 $226,100
2021 $10,158 $352,100 $126,000 $226,100
2020 $9,919 $352,100 $126,000 $226,100
2019 $9,760 $352,100 $126,000 $226,100
2018 $9,679 $352,100 $126,000 $226,100
2017 $9,524 $352,100 $126,000 $226,100
2016 $9,285 $352,100 $126,000 $226,100
2015 $9,352 $352,100 $126,000 $226,100
2014 $9,031 $352,100 $126,000 $226,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21943988

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00052-0000-00001