NOT LISTED FOR SALE

305 Powers St New Brunswick, NJ 08901

Estimated Value: $485,210 - $586,000

-- Bed
-- Bath
2,402 Sq Ft
$225/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $400,000 $167 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,660/month

198 Days on Market

Highlights

  • Property is near public transit
  • Accessibility Features
  • Fenced
  • Porch
  • Utility Room
  • Carpet

About This Home

As of October 2022

Excellent Income Producing property! Fully rented, large 2 Family w/basement & 2 Car driveway. Unit 1 has 3 br, 1 full ba, Kitchen, living room - rent $1598/mo. Unit 2 has 4 br, 1 full ba, Kitchen, living room - rent $2100/mo. Both units - radiant steam heating. Both water tanks replaced in Sept 2021 and Furnaces replaced within past 5 years. Refrigerator and stove replaced within past 5 years. Tenants pay electric/gas - separate meters for electric and gas, and separate owners meter. Owner pays water. 2020 Gross Income - $44,376 Expenses (water, owner pseg, Ins., Taxes, rental registration, maint) $14,861 Net Income - $29,515 Don't miss out on this opportunity! Showing Starts on 4/6/22! ** Back on Market - Buyer failed Mortgage.

Last Agent to Sell the Property

Shailender Ahlawat

HALO REALTY Listed on: 04/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,030

Year Built

  • Built in 1900

Lot Details

  • 3,101 Sq Ft Lot
  • Lot Dimensions are 100.00 x 31.00
  • Fenced

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,402 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • No Cooling
  • Radiator
  • Gas Water Heater

Additional Features

  • Accessibility Features
  • Porch
  • Property is near public transit

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks water), unit 2 owner pays(see remarks water)

Community Details

Overview

  • Suydam Graham Subdivision

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,030

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0712
  • Lot Size: 100.00 x 31.00
  • Ownership: Fee Simple
  • Subdivision Name: Suydam Graham
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(See Remarks,Water), Unit 2 Owner Pays(See Remarks,Water)
  • Accessibility Features: Unit 1 Accessibility Features, Unit 2 Accessibility Features
  • Has Basement: Full, Storage Space, Utility Room
  • Flooring: Unit 1 Carpet, Unit 2 Carpet
  • Interior Amenities: Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks), Unit 2(4 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks)
  • Living Area: 2402
  • Stories: 3

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Train
  • Exterior Features: Porch(es) - Open, Fencing/Wall, Porch
  • Patio And Porch Features: Porch(es) - Open, Porch
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 1-2 Car Parking, See Remarks

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 3101
  • Zoning: R-5A

Tax Info

  • Tax Annual Amount: 7030
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
Oct 18, 2022
Sold by
Ahlawat Baljit and Ahlawat Udita
Bought by
Jin702 Property Holding Llc
Seller's Agent
Shailender Ahlawat
HALO REALTY
List Price
$469,999
Sold Price
$400,000
Premium/Discount to List
-$69,999
-14.89%
Current Estimated Value
$553,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,785
Avg. Annual Appreciation
13.37%
Original Mortgage
$260,000
Outstanding Balance
$251,973
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$316,423

Purchase Details

Closed on
May 1, 2003
Sold by
Dev Dabas
Bought by
Ahlawat Baljit and Ahlawat Udita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.45%

Purchase Details

Closed on
Mar 9, 2003
Sold by
St 305 Powers
Bought by
Dev Dabas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.45%

Purchase Details

Closed on
Oct 12, 2001
Sold by
Dev Dabas
Bought by
305 Powers St Llc

Purchase Details

Closed on
Mar 6, 1995
Sold by
First Nationwide Bank
Bought by
Dev Dabas
Source: Public Records

Range of Values:

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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
Jin702 Property Holding Llc $400,000 --
Ahlawat Baljit $315,000 --
Dev Dabas -- --
305 Powers St Llc -- --
Dev Dabas $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jin702 Property Holding Llc $260,000
Previous Owner Ahlawat Baljit S $168,700
Previous Owner Ahlawat Baljit $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $400,000 -10.9% $167 / Sq Ft
06/26/2022 06/26/22 Off Market $449,000 -- --
05/09/2022 05/09/22 Price Changed $449,000 -4.5% $187 / Sq Ft
04/06/2022 04/06/22 For Sale $469,999 -- $196 / Sq Ft
Source: All Jersey 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 $7,212 $283,600 $85,500 $198,100
2023 $7,212 $283,600 $85,500 $198,100
2022 $7,059 $283,600 $85,500 $198,100
2021 $7,030 $283,600 $85,500 $198,100
2020 $7,005 $283,600 $85,500 $198,100
2019 $6,872 $283,600 $85,500 $198,100
2018 $6,716 $283,600 $85,500 $198,100
2017 $6,449 $283,600 $85,500 $198,100
2016 $7,262 $123,800 $25,200 $98,600
2015 $10,519 $183,700 $25,200 $158,500
2014 $10,331 $183,700 $25,200 $158,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Shailender Ahlawat

    HALO REALTY

    (732) 789-0840

    1 in this area

    7 Total Sales

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Map

Source: All Jersey MLS

MLS Number: 2207366R

All Jersey MLS

APN: 13-00241-0000-00018

New Jersey Middlesex County New Brunswick 08901

305 Powers St, New Brunswick, NJ

This home is located at 305 Powers St, New Brunswick, NJ 08901 since 06 April 2022 and is currently estimated at $540,303, approximately $224 per square foot. This property was built in 1900. 305 Powers St is a home located in Middlesex County with nearby schools including New Brunswick High School, Central Jersey College Prep Charter School, and St. Mary of Mount Virgin School.

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