$352,000
SOLD AUG 13, 2021

3 S Elm St Hopewell, NJ 08525

4 Beds
1.5 Baths
2,222 Sq Ft
0.26 Acres

Recently Sold

$158 Per Sq Ft

20% Below List Price

117 Days on Market

Highlights

  • Cape Cod Architecture
  • Corner Lot
  • 1 Car Attached Garage
  • Hopewell Valley Central High School Rated A
  • No HOA
  • Hot Water Baseboard Heater

About This Home

As of March 2022

Wonderful location on a corner lot at the eastern edge of Hopewell Boro! Walk to everything - schools - shops - galleries - antiques - parks and more! This solid cape is "As Is" and will need renovation. Bring your tools and imagination and create a home to meet all your needs. The square footage is there, the lot is large and flat and you can't beat the corner location which provides privacy and space. This is a sought after Community with very little infill housing opportunity so don't miss this makeover!

Last Agent to Sell the Property

Mary Jane Kent

David DePaola and Company Real Estate License #0454611 Listed on: 02/17/2021

Last Buyer's Agent

Mary Jane Kent

David DePaola and Company Real Estate License #0454611 Listed on: 02/17/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,243

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 81.00 x 142.00
  • Corner Lot
  • Property is in below average condition
  • Property is zoned R75P

Parking

  • 1 Car Attached Garage
  • 2 Driveway Spaces

Home Design

  • Cape Cod Architecture
  • Frame Construction

Interior Spaces

  • 2,222 Sq Ft Home
  • Property has 2 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Hopewell Elementary School
  • Timberlane Middle School
  • Hopewell High School

Utilities

  • Hot Water Baseboard Heater
  • 200+ Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 05-00035-00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,243

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-02-17
  • Federal Flood Zone: No
  • Year Built: 1946
  • Automatically Close On Close Date: No
  • Remarks Public: Wonderful location on a corner lot at the eastern edge of Hopewell Boro! Walk to everything - schools - shops - galleries - antiques - parks and more! This solid cape is "As Is" and will need renovation. Bring your tools and imagination and create a home to meet all your needs. The square footage is there, the lot is large and flat and you can't beat the corner location which provides privacy and space. This is a sought after Community with very little infill housing opportunity so don't miss this makeover!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2222
  • Living Area Sq Ft: 2222
  • Price Per Sq Ft: 179.97
  • Above Grade Finished Sq Ft: 2222
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Built In
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Elementary School: HOPEWELL
  • Middle School: TIMBERLANE M.S.
  • High School: HOPEWELL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397266
  • School District Source: Listing Agent
  • Elementary School: HOPEWELL
  • High School: HOPEWELL
  • Middle Or Junior School: TIMBERLANE M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 184000.00
  • Land Assessed Value: 211300.00
  • Lot Features: Corner
  • Lot Dimensions: 81.00 x 142.00
  • Property Condition: Below Average
  • Year Assessed: 2020
  • Zoning: R75P

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2118563
  • Tax Annual Amount: 12243.00
  • Assessor Parcel Number: 05-00035-00013
  • Tax Lot: 00013
  • Tax Total Finished Sq Ft: 2222
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/13/2021

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Aug 11, 2021
Sold by
3 S Elm Street Llc
Bought by
Asterpoint Properties Llc
Seller's Agent
Mary Jane Kent
David DePaola and Company Real Estate
Buyer's Agent
Mary Jane Kent
David DePaola and Company Real Estate
List Price
$439,000
Sold Price
$352,000
Premium/Discount to List
-$87,000
-19.82%
Current Estimated Value
$866,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,000
Avg. Annual Appreciation
24.38%

Purchase Details

Closed on
Jul 20, 2016
Sold by
Malinden Gerard L
Bought by
3 S Elm Street Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $352,000 Commonwealth Ttl Monmouth Ag
Deed $352,000 Commonwealth Land Title
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $513,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $685,000 +3.9% $308 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $659,000 +87.2% $297 / Sq Ft
08/13/2021 08/13/21 Sold $352,000 -12.0% $158 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/06/2021 05/06/21 Price Changed $399,900 -5.9% $180 / Sq Ft
04/06/2021 04/06/21 Price Changed $425,000 -3.2% $191 / Sq Ft
02/17/2021 02/17/21 For Sale $439,000 -- $198 / 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
2024 $16,285 $492,000 $211,300 $280,700
2023 $16,285 $492,000 $211,300 $280,700
2022 $12,646 $395,300 $211,300 $184,000
2021 $12,416 $395,300 $211,300 $184,000
2020 $12,242 $395,300 $211,300 $184,000
2019 $12,061 $395,300 $211,300 $184,000
2018 $11,539 $395,300 $211,300 $184,000
2017 $11,183 $395,300 $211,300 $184,000
2016 $10,819 $395,300 $211,300 $184,000
2015 $10,891 $395,300 $211,300 $184,000
2014 $10,204 $398,300 $253,800 $144,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME307746

Bright MLS

APN: 05-00035-0000-00013