NOT LISTED FOR SALE

3 Crosswicks St Bordentown, NJ 08505

Estimated Value: $311,287

-- Bed
-- Bath
-- Sq Ft
1,002 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $220,500

Est. 41% increase in value since last sale

Current estimated payment $2,302/month

49 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 3-minute walk to West Street Park
  • No HOA

About This Home

As of December 2020

Investor alert! Rare 3-unit property located in Historic Bordentown City. First floor store front/office currently rented, Plus 2 residential apartments. One 2 bedroom and one 1 bedroom apartment. Fully rented the property potential rental income is $3,000 per month. One block from Farnsworth Ave for easy access to downtown shops, restaurants, parks, schools and the River Line Lite Rail, plus minutes to Routes 130, 206, 295 and the New Jersey Turnpike

Last Agent to Sell the Property

David Schiavone

CB Schiavone & Associates License #9588811 Listed on: 08/27/2020

CB Schiavone & Associates

Last Buyer's Agent

Non Member Member

Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,682

Year Built

  • Built in 1920

Lot Details

  • 1,002

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • 1,002 Sq Ft Lot

Listing and Financial Details

  • The owner pays for sewer, water, gas, electricity
  • Tax Lot 00020 02
  • Assessor Parcel Number 03-01007-00020 02

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,682

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Investor alert! Rare 3-unit property located in Historic Bordentown City. First floor store front/office currently rented, Plus 2 residential apartments. One 2 bedroom and one 1 bedroom apartment. Fully rented the property potential rental income is $3,000 per month. One block from Farnsworth Ave for easy access to downtown shops, restaurants, parks, schools and the River Line Lite Rail, plus minutes to Routes 130, 206, 295 and the New Jersey Turnpike
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: BORDENTOWN REGIONAL SCHOOL DISTRICT
  • School District Key: 300200396946
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 145000.00
  • Land Assessed Value: 76000.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1002.00
  • Year Assessed: 2020
  • Zoning: R3

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Sewer, Water, Gas, Electricity
  • Total Actual Rent: 36000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5266181
  • Tax Annual Amount: 7682.00
  • Assessor Parcel Number: 03-01007-00020 02
  • Tax Lot: 00020 02
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 12/30/2020

MLS Schools

  • School District Name: BORDENTOWN REGIONAL SCHOOL DISTRICT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Jan 4, 2021
Sold by
Maley John
Bought by
3 Crosswicks Street Llc
Seller's Agent
David Schiavone
CB Schiavone & Associates
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$269,900
Sold Price
$220,500
Premium/Discount to List
-$49,400
-18.3%
Total Days on Market
49
Current Estimated Value
$311,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,787
Avg. Annual Appreciation
8.41%

Purchase Details

Closed on
Feb 12, 2010
Sold by
Maley John
Bought by
Maley John

Purchase Details

Closed on
Oct 20, 2009
Sold by
Maley John
Bought by
Maley John

Purchase Details

Closed on
Nov 19, 2007
Sold by
Harrison Ronald G and Harrison Carrin R
Bought by
Maley John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
6.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2002
Sold by
Smylie Michael B and Smylie Denise M
Bought by
Harrison Ronald G and Harrison Carrin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 1994
Sold by
Cummings Edward A
Bought by
Bank Of Mid Jersey
Source: Public Records

Range of Values:

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Average Value
Not Available
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
3 Crosswicks Street Llc $220,500 Westcor Land Title
Maley John -- Allstates Title Service Inc
Maley John -- Allstates Title Service Inc
Maley John $221,000 Allstate Title Service Inc
Harrison Ronald G $137,500 Allstates Title Service Inc
Bank Of Mid Jersey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maley John $176,800
Previous Owner Harrison Ronald G $69,500
Previous Owner Harrison Ronald G $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $220,500 -18.3% --
10/15/2020 10/15/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $269,900 -- --
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 $7,804 $221,000 $76,000 $145,000
2023 $7,804 $221,000 $76,000 $145,000
2022 $7,534 $221,000 $76,000 $145,000
2021 $7,625 $221,000 $76,000 $145,000
2020 $7,682 $221,000 $76,000 $145,000
2019 $7,770 $221,000 $76,000 $145,000
2018 $7,655 $221,000 $76,000 $145,000
2017 $7,432 $221,000 $76,000 $145,000
2016 $7,362 $221,000 $76,000 $145,000
2015 $7,308 $221,000 $76,000 $145,000
2014 $6,959 $221,000 $76,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL380098

Bright MLS

APN: 03-01007-0000-00020-02