NOT LISTED FOR SALE

308 Academy St South Orange, NJ 07079

Estimated Value: $846,000 - $974,000

6 Beds
2 Baths
2,708 Sq Ft
$329/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $640,000 $236 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,128/month

175 Days on Market

About This Home

As of October 2022

Reduced Price! Beautiful 2 Family Home!! Perfect for owner occupant buyers or investors that want a rental unit!! This home has a move-in ready vacant unit on 2nd level with 3 bedrooms and a huge bonus room!! The 1st floor unit offers 2 bedrooms! This home is a few blocks from Seton Hall University and close to the NJ Transit Train Station! Home is priced below appraised value!

Last Agent to Sell the Property

Tanisha Griffith

Keller Williams Village Square Realty Listed on: 03/10/2022

Keller Williams Village Square Realty

Last Buyer's Agent

Shawn McEnteer

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,412

Lot Details

  • 3,528 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00052 / 02204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,412

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 201-445-4300
  • MLS Status: Sold - Sold
  • Directions: Between Kenneth Ter and 5th St
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Remarks: Full, unfinished

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 3528.0

Tax Info

  • Tax Annual Amount: 13412.0
  • Tax Block: 02204
  • Tax Lot: 00052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Oct 13, 2022
Sold by
Al J Britt Enterprises Llc
Bought by
Monroy Leslie and Torres Marcus
Seller's Agent
Tanisha Griffith
Keller Williams Village Square Realty
Buyer's Agent
Shawn McEnteer
EXP Realty, LLC
List Price
$649,900
Sold Price
$640,000
Premium/Discount to List
-$9,900
-1.52%
Current Estimated Value
$891,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,371
Avg. Annual Appreciation
12.76%
Original Mortgage
$608,000
Outstanding Balance
$585,916
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$315,309

Purchase Details

Closed on
Mar 30, 2004
Sold by
Abraham Powels
Bought by
Pough Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.4%

Purchase Details

Closed on
Jan 19, 1999
Sold by
Federal National Mortgage Association
Bought by
Powels Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.67%

Purchase Details

Closed on
May 26, 1989
Sold by
Papatzambasis Papatzambasis K and Papatzambasis Malamaty,Roula
Bought by
Desir Pierre L and Desir Marie R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Monroy Leslie $640,000 Chicago Title
Pough Benjamin $352,000 --
Powels Abraham $132,000 --
Desir Pierre L $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monroy Leslie $608,000
Previous Owner Pough Benjamin A $100,000
Previous Owner Pough Benjamin $270,000
Previous Owner Powels Abraham $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2022 10/19/22 Sold $640,000 +0.2% $236 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $639,000 -1.7% $236 / Sq Ft
03/10/2022 03/10/22 For Sale $649,900 -- $240 / Sq Ft
Source: New 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
2025 $15,254 $683,800 $274,800 $409,000
2024 $15,254 $683,800 $274,800 $409,000
2022 $14,708 $419,400 $189,200 $230,200
2021 $14,197 $419,400 $189,200 $230,200
2020 $13,756 $419,400 $189,200 $230,200
2019 $13,412 $419,400 $189,200 $230,200
2018 $13,211 $419,400 $189,200 $230,200
2017 $12,884 $419,400 $189,200 $230,200
2016 $14,298 $373,500 $138,800 $234,700
2015 $13,965 $373,500 $138,800 $234,700
2014 $13,674 $373,500 $138,800 $234,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22007813

New Jersey MLS

APN: 19-02204-0000-00052