NOT LISTED FOR SALE

303 E Broad St Palmyra, NJ 08065

Estimated Value: $226,000 - $470,000

Studio
-- Bath
2,248 Sq Ft
$165/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $340,000 $151 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,599/month

17 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Palmyra
  • Forced Air Heating and Cooling System
  • Victorian Architecture
  • No HOA
  • 4-minute walk to Borough Park

About This Home

As of February 2022

Excellent location, Old world Victorian charm, abundance of off street parking, and a well maintained building is what you will find in this multi unit professional / residential mixed use offering. 1st floor office space with large rooms, original wood work, pocket doors to separate rooms, and an inviting stain glass entry way.
Additional space available with break room, full bath, and mini kitchenette. There is off street parking for 15+ vehicles. Second floor is a large 2 bedroom residential unit with additional rooms on the third floor.
All utilities are separate, each unit has gas hot air heat, and gas hot water, and individual metered electric.
Owner has meticulously maintained the property, with new roof 2020, updated heat, and hot water, and professional landscaping. Corner property on highly traveled road for superior exposure . Zoned - Town Commercial. Possible Owner financing to qualified buyer.

Last Agent to Sell the Property

Mark Pastore

(856) 498-8242 markpastore123@gmail.com Graham/Hearst Real Estate Company Listed on: 11/29/2021

Last Buyer's Agent

Michelle Figueroa

(609) 706-7772 agentfigsells@gmail.com RE/MAX Preferred - Sewell

RE/MAX Preferred - Sewell

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,342

Year Built

  • Built in 1920

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75.00 x 200.00
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Duplex
  • Victorian Architecture
  • Block Foundation
  • Poured Concrete
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,248 Sq Ft Home
  • Replacement Windows
  • Vinyl Clad Windows

Flooring

  • Wood
  • Partially Carpeted
  • Tile or Brick

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Water Proofing System
  • Sump Pump

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Stone Driveway
  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, sewer, water, real estate taxes
  • Assessor Parcel Number 27-00080-00011

Community Details

Overview

  • No Home Owners Association
  • 3-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,342

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Partially Carpeted, Tile/Brick, Wood
  • Window Features: Replacement, Vinyl Clad
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Poured Concrete, Sump Pump, Water Proofing System
  • Total Sq Ft: 2248
  • Living Area Sq Ft: 2248
  • Price Per Sq Ft: 160.14
  • Above Grade Finished Sq Ft: 2248
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Underground Lawn Sprinkler
  • Roof: Asphalt, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 15
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 15

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Multiple Phone Lines, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 125800.00
  • Land Assessed Value: 58200.00
  • Lot Size Acres: 0.34
  • Lot Dimensions: 75.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15000.00
  • Property Condition: Very Good
  • Zoning: TOWN COMMERCIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Sewer, Water, Taxes - Real Estate
  • Rent Control: No
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1

Tax Info

  • Assessor Parcel Number: 1714260
  • Tax Annual Amount: 7342.00
  • Assessor Parcel Number: 27-00080-00011
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Feb 28, 2022
Sold by
Greco Richard A
Bought by
Torres Luis D and Torres Diane L
Seller's Agent
Mark Pastore
Graham/Hearst Real Estate Company
Buyer's Agent
Michelle Figueroa
RE/MAX Preferred - Sewell
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Current Estimated Value
$370,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,229
Avg. Annual Appreciation
2.22%
Original Mortgage
$272,000
Outstanding Balance
$254,050
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$116,179

Purchase Details

Closed on
Sep 6, 2006
Sold by
Greco Lawrence
Bought by
Greco Richard A

Purchase Details

Closed on
Feb 10, 2000
Sold by
Greco Maureen M
Bought by
Greco Lawrence
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Torres Luis D $340,000 Chicago Title
Greco Richard A -- None Available
Greco Lawrence $67,500 Commonwealth Land Title
Greco Lawrence $67,500 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Luis D $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $340,000 -5.6% $151 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $360,000 0.0% $160 / Sq Ft
03/01/2015 03/01/15 Rented $950 0.0% --
02/15/2015 02/15/15 Under Contract -- -- --
01/20/2015 01/20/15 For Rent $950 -- --
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
2025 $7,956 $184,000 $58,200 $125,800
2024 $7,791 $184,000 $58,200 $125,800
2023 $7,791 $184,000 $58,200 $125,800
2022 $7,607 $184,000 $58,200 $125,800
2021 $7,342 $184,000 $58,200 $125,800
2020 $7,369 $184,000 $58,200 $125,800
2019 $7,137 $184,000 $58,200 $125,800
2018 $7,036 $184,000 $58,200 $125,800
2017 $6,946 $184,000 $58,200 $125,800
2016 $6,810 $184,000 $58,200 $125,800
2015 $6,712 $184,000 $58,200 $125,800
2014 $6,416 $184,000 $58,200 $125,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2004424

Bright MLS

APN: 27-00080-0000-00011