NOT LISTED FOR SALE

277 Durham Ave Metuchen, NJ 08840

Estimated Value: $590,000 - $675,000

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold May 07, 2021

Last sale price $390,000

Est. 65% increase in value since last sale

Current estimated payment $4,410/month

177 Days on Market

Highlights

  • Private Yard
  • 1 Car Detached Garage
  • Private Entrance
  • Campbell Elementary School Rated A-
  • Shed
  • 4-minute walk to Vidas Park

About This Home

As of May 2021

Your next best investment awaits! Multi Family home in mint condition w/2 units waiting for you. This is a great opportunity to build your capital while kicking your feet up! 1sr flr unit offers 3 Bedrooms, all a good size LR and EIK. The kitchen has an enormous pantry w/ample storage. Neutral tones throughout make it easy to add your own style to the space. Add some TLC to the unit to spruce it up & make it move in ready! 2nd Unit has some updates that make it charming & cozy! HW flrs extend from room to room. Neutral tones, too! There are 2 BRs, LR, Kitchen & a full bath. Basement w/laundry hookup & lots of room for storage. Separate Utilities for each unit. Huge backyard. great location. This is a guaranteed money maker! Don't miss out on this one. Come & see today!

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE Listed on: 10/12/2020

RE/MAX 1st ADVANTAGE

Co-Listed By

Kunal Doshi

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,870

Lot Details

  • 5,663 Sq Ft Lot
  • Private Entrance
  • Fenced
  • Level Lot
  • Private Yard

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Shed

Utilities

  • No Cooling
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

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

Community Details

Overview

  • Emma E Campbell Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,870

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Lot Size: 0.00 x 0.00
  • Co List Office Mls Id: RFIR01
  • Ownership: Fee Simple
  • Subdivision Name: Emma E Campbell
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Utility Room, Laundry Facilities
  • Interior Amenities: Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Stories: 2

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Level
  • Exterior Features: Fencing/Wall, Storage Shed, Yard, Private Entrance
  • Other Structures: Shed(s)
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage, Detached, 1-2 Car Parking

Utilities

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

Lot Info

  • Lot Size Sq Ft: 5663
  • Zoning: R2

Tax Info

  • Tax Annual Amount: 7870
  • Tax Year: 2019

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Apr 22, 2021
Sold by
Francisco Corey
Bought by
Lin Weiqun and Wang Li Oral
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$643,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,763
Avg. Annual Appreciation
11.92%
Original Mortgage
$213,000
Outstanding Balance
$160,195
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$483,568

Purchase Details

Closed on
Oct 2, 2018
Sold by
Francisco Corey and Beulke Mark
Bought by
Corey Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2017
Sold by
Eosso Rentals Llc
Bought by
Francisco Corey and Beulke Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Lin Weiqun $390,000 Clear Skies Title Agency
Corey Francisco $40,000 Old Republic Title Ins Co
Francisco Corey $240,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Weiqun $213,000
Previous Owner Corey Francisco $288,000
Previous Owner Francisco Corey $188,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $390,000 0.0% --
04/07/2021 04/07/21 Pending -- -- --
10/12/2020 10/12/20 For Sale $390,000 -- --
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 $11,963 $172,000 $72,000 $100,000
2024 $11,562 $172,000 $72,000 $100,000
2023 $11,562 $172,000 $72,000 $100,000
2022 $10,958 $172,000 $72,000 $100,000
2021 $8,217 $132,000 $72,000 $60,000
2020 $8,109 $132,000 $72,000 $60,000
2019 $7,870 $132,000 $72,000 $60,000
2018 $7,841 $132,000 $72,000 $60,000
2017 $7,816 $132,000 $72,000 $60,000
2016 $7,616 $132,000 $72,000 $60,000
2015 $7,340 $130,100 $71,600 $58,500
2014 $7,157 $130,100 $71,600 $58,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2106822

All Jersey MLS

APN: 09-00065-0000-00002