NOT LISTED FOR SALE

3 Simpson Ave Pitman, NJ 08071

Estimated Value: $478,277 - $574,000

-- Bed
-- Bath
2,760 Sq Ft
$195/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $383,000 $139 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,945/month

16 Days on Market

Highlights

  • Second Kitchen
  • Wood Flooring
  • Corner Lot
  • Deck
  • Main Floor Bedroom
  • 4-minute walk to Ballard Park

About This Home

As of July 2021

Welcome Home! This stunning brick two unit is the perfect investment opportunity. The 5 bay garage is currently rented adding to this income earning home! This nicely landscaped corner property is within minutes of “Up and Coming” downtown Pitman! Beautiful brick porch covers both units. Unit 3B offers a spacious open living room, with a brick fireplace and beautiful original hardwood floors. Some windows were recently replaced letting in lots of natural light. First bedroom is off the dining room with a ceiling fan and French doors. Dining room leads you to the kitchen complete with all appliances, a spacious pantry and access to the private deck! Off the kitchen you will find the second bedroom with updated flooring and a ceiling fan. The full bath has updated flooring, vanity and fixtures. Unit 3C opens up to a quaint little foyer. Make your way up to the three bedroom Unit with endless potential. The spacious dining room connects to the recently updated kitchen with stainless steel appliances. The large deck off the kitchen has two separate sitting areas. The second bedroom is set up as a family room with a fireplace and original hardwood flooring. The third bedroom has been converted into a dream closet and can be easily turned back into a bedroom. The sitting room to the left of the stairs has windows galore providing lots of natural light. This room also provides access to the third floor primary suite which offers enough room for a separate sitting area, bedroom and ample closet space. The original hardwood flooring makes this space Pop! The basement is considered Unit A and has a shared laundry room, a sitting room and a third room with a fireplace. There is also ample storage space for both units. The well-manicured backyard is fenced in. Don’t forget about the 5 Bay garage producing over $700 of income plus electric. Unit 3B is currently vacant (rent range $1,500-$1,600 monthly) seller lives in Unit 3C (rent range $1,700-$1,800 monthly). This home has separate utility boxes for gas and electric and is ready to start bringing in income! Book your tour TODAY, before it’s gone!!

Last Listed By

Shenna Hines

Redfin Listed on: 06/11/2021

Redfin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,612

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot

Parking

  • 5 Car Detached Garage
  • Side Facing Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 2,760 Sq Ft Home
  • Fireplace
  • Formal Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Second Kitchen
  • Upgraded Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Bathtub with Shower

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • 2-Story Building

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 00011
  • Assessor Parcel Number 15-00075-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,612

Year Built

Built in 1900

Lot Details

0

Parking

5

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-06-11
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome Home! This stunning brick two unit is the perfect investment opportunity. The 5 bay garage is currently rented adding to this income earning home! This nicely landscaped corner property is within minutes of “Up and Coming” downtown Pitman! Beautiful brick porch covers both units. Unit 3B offers a spacious open living room, with a brick fireplace and beautiful original hardwood floors. Some windows were recently replaced letting in lots of natural light. First bedroom is off the dining room with a ceiling fan and French doors. Dining room leads you to the kitchen complete with all appliances, a spacious pantry and access to the private deck! Off the kitchen you will find the second bedroom with updated flooring and a ceiling fan. The full bath has updated flooring, vanity and fixtures. Unit 3C opens up to a quaint little foyer. Make your way up to the three bedroom Unit with endless potential. The spacious dining room connects to the recently updated kitchen with stainless steel appliances. The large deck off the kitchen has two separate sitting areas. The second bedroom is set up as a family room with a fireplace and original hardwood flooring. The third bedroom has been converted into a dream closet and can be easily turned back into a bedroom. The sitting room to the left of the stairs has windows galore providing lots of natural light. This room also provides access to the third floor primary suite which offers enough room for a separate sitting area, bedroom and ample closet space. The original hardwood flooring makes this space Pop! The basement is considered Unit A and has a shared laundry room, a sitting room and a third room with a fireplace. There is also ample storage space for both units. The well-manicured backyard is fenced in. Don’t forget about the 5 Bay garage producing over $700 of income plus electric. Unit 3B is currently vacant (rent range $1,500-$1,600 monthly) seller lives in Unit 3C (rent range $1,700-$1,800 monthly). This home has separate utility boxes for gas and electric and is ready to start bringing in income! Book your tour TODAY, before it’s gone!!
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: 2nd Kitchen, Entry Level Bedroom, Formal/Separate Dining Room, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full, Partially Finished
  • Total Sq Ft: 2760
  • Living Area Sq Ft: 2760
  • Price Per Sq Ft: 135.83
  • Above Grade Finished Sq Ft: 2760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Brick
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 5.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 5
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PITMAN BORO PUBLIC SCHOOLS
  • School District Key: 300200396141
  • School District Source: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 163800.00
  • Land Assessed Value: 30600.00
  • Lot Features: Corner
  • Lot Size Acres: 0.15
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Year Assessed: 2020
  • Zoning: 2SF&B

Rental Info

  • Owner Pays: Sewer, Water
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2024615
  • Tax Annual Amount: 8612.00
  • Assessor Parcel Number: 15-00075-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 2760
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/30/2021

MLS Schools

  • School District Name: PITMAN BORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jul 30, 2021
Sold by
Jacovini Bonnie E and Sibiski Bonnie E
Bought by
Morgan Alexis
Seller's Agent
Shenna Hines
Redfin
Buyer's Agent
Carolyn Morgan
Keller Williams Realty - Washington Township
List Price
$374,900
Sold Price
$383,000
Premium/Discount to List
$8,100
2.16%
Total Days on Market
16
Current Estimated Value
$539,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,569
Avg. Annual Appreciation
6.74%
Original Mortgage
$334,000
Outstanding Balance
$309,545
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$179,860

Purchase Details

Closed on
Aug 19, 2002
Sold by
Boudreau Linwood N
Bought by
Jacovini Christopher R and Sibiski Bonnie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,379
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2001
Sold by
Gambone Lawrence C and Meyers Eileen
Bought by
Boudreau Linwood

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,113
Interest Rate
7.21%
Mortgage Type
FHA

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
Morgan Alexis $383,000 Coretitle Llc
Jacovini Christopher R $167,000 --
Boudreau Linwood $113,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Alexis $334,000
Previous Owner Jacovini Christopher R $30,000
Previous Owner Jacovini Christopher R $164,379
Previous Owner Boudreau Linwood $112,113
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $383,000 +2.2% $139 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $374,900 -- $136 / 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 $11,438 $336,300 $34,000 $302,300
2023 $11,438 $336,300 $34,000 $302,300
2022 $10,987 $336,300 $34,000 $302,300
2021 $8,715 $194,400 $30,600 $163,800
2020 $8,612 $194,400 $30,600 $163,800
2019 $8,410 $194,400 $30,600 $163,800
2018 $8,268 $194,400 $30,600 $163,800
2017 $8,165 $194,400 $30,600 $163,800
2016 $8,007 $194,400 $30,600 $163,800
2015 $7,792 $194,400 $30,600 $163,800
2014 $7,552 $194,400 $30,600 $163,800
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: NJGL276816

Bright MLS

APN: 15-00075-0000-00011