NOT LISTED FOR SALE

305 N Walnut Ave Magnolia, NJ 08049

Estimated Value: $359,903 - $403,000

3 Beds
1.5 Baths
1,955 Sq Ft
$194/Sq Ft Est. Value

Last Sold October 12, 2018

Last sale price $184,900 $95 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,769/month

Highlights

  • Second Kitchen
  • Wood Flooring
  • Corner Lot
  • Traditional Architecture
  • Attic
  • 5-minute walk to Richard Michielli Park

About This Home

As of October 2018

Fantastic income property! Charming 3-bedroom, 1.5-bath home in Magnolia with attached 2-bedroom rental unit. Apartment could be used for rental income, or as an in-law or au pair suite. Apartment has separate entrance, 2 bedrooms, living room, kitchen, 2 full bathrooms and own laundry. Recent updates include new carpet, window treatments, light fixtures, kitchen counter, tile bathroom and newer windows. Charming main house features large living room and dining room with hardwood floors. Roomy eat-in kitchen has plenty of counter space. Half bath is located just off kitchen, along with door to back yard and patio and steps to basement. Basement has been finished into 324-square foot living area and separate laundry/utility room with french drain and sump pump. Separate HVAC and hot water heaters for apartment unit, both replaced in 2016. Upstairs both the master and second bedroom have 2 closets. All bedrooms have newer carpeting and ceiling fans. Property also features incredible detached 2-car garage, with abundant storage and workshop space. Home occupies a corner lot on a quiet tree-lined street, conveniently located close to major highways, public transportation, schools, shopping and parks.

Last Agent to Sell the Property

Susan Bromley

(609) 217-6235 sbromley14@gmail.com Keller Williams Realty - Cherry Hill License #1540781 Listed on: 05/09/2018

Keller Williams Realty - Cherry Hill

Last Buyer's Agent

Sam Lepore

(856) 297-6827 sam@samlepore.com Keller Williams Realty - Moorestown License #RS355976

Keller Williams Realty - Moorestown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,784

Year Built

  • Built in 1952

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Corner Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces
  • Oversized Parking
  • Driveway
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,955 Sq Ft Home
  • Property has 1.5 Levels
  • Ceiling Fan
  • Replacement Windows
  • Family Room
  • Living Room
  • Dining Room
  • Laundry on main level
  • Attic

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Built-In Range

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-in Shower

Basement

  • Basement Fills Entire Space Under The House
  • Drainage System
  • Laundry in Basement

Outdoor Features

  • Patio

Schools

  • Sterling High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Magnolia Gardens Subdivision

Listing and Financial Details

  • Tax Lot 00001
  • Assessor Parcel Number 23-00002 06-00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,784

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: All Appliances, Ceiling Fans, Window Treatments
  • New Construction: No
  • Year Built: 1952
  • Remarks Public: Fantastic income property! Charming 3-bedroom, 1.5-bath home in Magnolia with attached 2-bedroom rental unit. Apartment could be used for rental income, or as an in-law or au pair suite. Apartment has separate entrance, 2 bedrooms, living room, kitchen, 2 full bathrooms and own laundry. Recent updates include new carpet, window treatments, light fixtures, kitchen counter, tile bathroom and newer windows. Charming main house features large living room and dining room with hardwood floors. Roomy eat-in kitchen has plenty of counter space. Half bath is located just off kitchen, along with door to back yard and patio and steps to basement. Basement has been finished into 324-square foot living area and separate laundry/utility room with french drain and sump pump. Separate HVAC and hot water heaters for apartment unit, both replaced in 2016. Upstairs both the master and second bedroom have 2 closets. All bedrooms have newer carpeting and ceiling fans. Property also features incredible detached 2-car garage, with abundant storage and workshop space. Home occupies a corner lot on a quiet tree-lined street, conveniently located close to major highways, public transportation, schools, shopping and parks.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range
  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s), 2nd Kitchen, Stall Shower, Kitchen - Eat-In
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Living Room
  • Foundation Details: Brick/Mortar
  • Levels Count: 1.5
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full, Drainage System
  • Laundry Type: Main Floor, Basement
  • Living Area Units: Square Feet
  • Total Sq Ft: 1955
  • Living Area Sq Ft: 1955
  • Net Sq Ft: 1955.00
  • Price Per Sq Ft: 92.02
  • Above Grade Finished Sq Ft: 1955
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 305

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Parking Features: Street
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: On Street, Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: STERLING HIGH
  • High School: STERLING
  • School District Key: 300200396990
  • High School: STERLING

Lot Info

  • Improvement Assessed Value: 144000.00
  • Land Assessed Value: 44200.00
  • Lot Features: Corner
  • Lot Size Acres: 0.16
  • Lot Dimensions: 50X140
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7000.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1897517
  • Tax Annual Amount: 7784.00
  • Assessor Parcel Number: 23-00002 06-00001
  • Tax Lot: 00001
  • Tax Year: 2017
  • Close Date: 10/12/2018

MLS Schools

  • School District Name: STERLING HIGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Oct 12, 2018
Sold by
Andalora Dorothy E and Estate Of Francis P Andalora
Bought by
Churchill Patricia A and Churchill John P
Seller's Agent
Susan Bromley
Keller Williams Realty - Cherry Hill
Buyer's Agent
Sam Lepore
Keller Williams Realty - Moorestown
List Price
$189,900
Sold Price
$184,900
Premium/Discount to List
-$5,000
-2.63%
Current Estimated Value
$380,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,326
Avg. Annual Appreciation
10.88%
Original Mortgage
$181,550
Outstanding Balance
$161,898
Interest Rate
5.62%
Mortgage Type
FHA
Estimated Equity
$218,328
Source: Public Records

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 Buyer Sale Price Title Company
Churchill Patricia A $184,900 Your Hometown Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Churchill Patricia A $181,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2018 10/12/18 Sold $184,900 +2.8% $95 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
06/19/2018 06/19/18 Price Changed $179,900 -5.3% $92 / Sq Ft
06/11/2018 06/11/18 For Sale $189,900 0.0% $97 / Sq Ft
06/05/2018 06/05/18 For Sale $189,900 0.0% $97 / Sq Ft
05/09/2018 05/09/18 For Sale $189,900 -- $97 / 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
2025 $9,035 $188,200 $44,200 $144,000
2024 $8,815 $188,200 $44,200 $144,000
2023 $8,815 $188,200 $44,200 $144,000
2022 $8,586 $188,200 $44,200 $144,000
2021 $8,503 $188,200 $44,200 $144,000
2020 $8,341 $188,200 $44,200 $144,000
2019 $8,183 $188,200 $44,200 $144,000
2018 $8,017 $188,200 $44,200 $144,000
2017 $7,784 $188,200 $44,200 $144,000
2016 $7,566 $188,200 $44,200 $144,000
2015 $7,304 $188,200 $44,200 $144,000
2014 $7,201 $188,200 $44,200 $144,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000872328

Bright MLS

APN: 23-00002-06-00001