NOT LISTED FOR SALE

28 Clay St Milltown, NJ 08850

Estimated Value: $898,736 - $1,024,000

-- Bed
-- Bath
2,880 Sq Ft
$326/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $575,000 $200 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,010/month

34 Days on Market

Highlights

  • Corner Lot
  • Enclosed Patio or Porch
  • Radiator
  • Private Yard
  • Property is near shops

About This Home

As of September 2021

Highest & Best Offers by 6pm Monday 7/12. An Investment Opportunity for a Multi-Family in Milltown !! This multi-family property generates $5,545 per month. All 4 units are leased. Coin operated laundry in the basement brings additional income as well. Apartments are in great condition-the entire interior has been updated within the past 5 years. Just one block from Main Street. Showings start 7/8. Act fast!

Last Agent to Sell the Property

Matthew Almeida

RE/MAX COUNTRY Listed on: 07/08/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,329

Year Built

  • Built in 1903

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 50.00
  • Corner Lot
  • Level Lot
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement
  • Basement Storage

Utilities

  • Window Unit Cooling System
  • Radiator
  • Underground Utilities
  • Gas Water Heater

Additional Features

  • Enclosed Patio or Porch
  • Property is near shops

Community Details

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

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric fuel water gas), unit 2 owner pays(electric fuel water gas), unit 3 owner pays(electric fuel water gas), unit 4 owner pays(electric fuel water gas)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,329

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Lot Size: 100.00 x 50.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1903
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Electric,Fuel,Water,Gas), Unit 2 Owner Pays(Electric,Fuel,Water,Gas), Unit 3 Owner Pays(Electric,Fuel,Water,Gas), Unit 4 Owner Pays(Electric,Fuel,Water,Gas)
  • Has Basement: Full, Exterior Entry, Storage Space, Tenant Use, Laundry Facilities
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 2(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 4(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 2880
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Corner Lot, Level
  • Exterior Features: Porch(es) - Enclosed, Curbs, Porch(es) - Open, Sidewalk, Yard
  • Patio And Porch Features: Enclosed, Porch(es) - Open
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 5001
  • Zoning: R-4

Tax Info

  • Tax Annual Amount: 11329
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2025
Sold by
Conger Garret Raymond and Joyce Richard J
Bought by
Vargas Stephanie
Current Estimated Value
$938,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Outstanding Balance
$728,073
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$210,361

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 9, 2021
Sold by
Altman Adam
Bought by
Conger Garret Raymond and Joyce Richard J
Seller's Agent
Matthew Almeida
RE/MAX COUNTRY
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.03%
Original Mortgage
$431,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2013
Sold by
Habib Claire
Bought by
Altman Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2003
Sold by
Habib Alfred
Bought by
Makram Habib

Purchase Details

Closed on
Jun 30, 2000
Sold by
Sgroi Joseph
Bought by
Habib Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,424
Interest Rate
8.28%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Vargas Stephanie $975,000 None Listed On Document
Vargas Stephanie $975,000 None Listed On Document
Conger Garret Raymond $575,000 Wfg National Title Ins Co
Conger Garret Raymond $575,000 Tohickon Settlement Services
Altman Adam $365,000 Stewart Title Guaranty Co
Makram Habib $167,145 --
Habib Alfred $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Stephanie $731,250
Closed Vargas Stephanie $731,250
Previous Owner Conger Garret Raymond $431,250
Previous Owner Altman Adam $273,750
Previous Owner Habib Alfred $137,424
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $575,000 0.0% $200 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $575,000 -- $200 / 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 $12,130 $179,600 $58,000 $121,600
2024 $12,130 $179,600 $58,000 $121,600
2023 $11,909 $179,600 $58,000 $121,600
2022 $11,855 $179,600 $58,000 $121,600
2021 $10,887 $179,600 $58,000 $121,600
2020 $11,329 $179,600 $58,000 $121,600
2019 $10,887 $179,600 $58,000 $121,600
2018 $10,243 $179,600 $58,000 $121,600
2017 $9,889 $179,600 $58,000 $121,600
2016 $9,537 $179,600 $58,000 $121,600
2015 $9,337 $179,600 $58,000 $121,600
2014 $9,009 $179,600 $58,000 $121,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2200409R

All Jersey MLS

APN: 11-00057-0000-00012