NOT LISTED FOR SALE

308 Magnolia Ave Elizabethport, NJ 07206

Elizabethport Neighborhood

Estimated Value: $639,000 - $837,902

7 Beds
5 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold March 26, 2021

Last sale price $460,000

Est. 65% increase in value since last sale

Current estimated payment $5,016/month

115 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Level Lot
  • Elizabeth High School Rated A
  • Forced Air Zoned Heating and Cooling System
  • 4-minute walk to Jackson Park

About This Home

As of March 2021

GREAT 2 FAMILY HOUSE BUILT IN 2004. NEW CENTRAL AIR UNITS AND ROOF. GOOD LOCATION. FINISHED GROUND FLOOR WITH SEPARATED ENTRANCE.

Last Agent to Sell the Property

Sil Gomes-Heil

Keller Williams Realty West Monmouth License #0572416 Listed on: 10/15/2020

Keller Williams Realty West Monmouth

Last Buyer's Agent

Sil Gomes-Heil

Keller Williams Realty West Monmouth License #0572416 Listed on: 10/15/2020

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,660

Year Built

  • Built in 2004

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 100
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 04-00003-0000-00701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,660

Year Built

Built in 2004

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Laminate
  • New Construction: No
  • Year Built: 2004
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 25 x 100
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 1.0
  • Floors Laminate2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full Finished
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Stories: 3
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.06
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Paved
  • Total Parking Spaces: 1.0
  • General Property Info:Garage: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-00003-0000-00701
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Water

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 16660.0
  • Tax Other Annual Assessment Amount: 57800.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Mar 9, 2021
Sold by
Levy Paul and Levy Valerie
Bought by
Akinnusi Damilola D and Akinsowon Victoria
Seller's Agent
Sil Gomes-Heil
Keller Williams Realty West Monmouth
Buyer's Agent
Sil Gomes-Heil
Keller Williams Realty West Monmouth
List Price
$449,000
Sold Price
$460,000
Premium/Discount to List
$11,000
2.45%
Current Estimated Value
$759,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,226
Avg. Annual Appreciation
11.86%
Original Mortgage
$345,000
Outstanding Balance
$309,425
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$449,801

Purchase Details

Closed on
Oct 14, 2009
Sold by
Us Bank National Association
Bought by
Levy Paul and Levy Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
4.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 18, 2008
Sold by
Guzman Richard R
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 31, 2006
Sold by
Goncalves Edwaldo
Bought by
Guzman Richard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2004
Sold by
Argote Giullermo
Bought by
Goncalves Edwaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,592
Interest Rate
5.71%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2002
Sold by
Mastapeter Michael
Bought by
Argote Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.92%

Purchase Details

Closed on
Apr 4, 2001
Sold by
Sasse William F
Bought by
Mastapeter Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.88%
Source: Public Records

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
Akinnusi Damilola D $460,000 State Title Services Llc
Levy Paul $145,000 Multiple
Us Bank National Association -- Land Title Svcs Of Nj Inc
Guzman Richard R $460,000 --
Goncalves Edwaldo $350,000 --
Argote Guillermo $78,000 Lawyers Title Insurance Corp
Mastapeter Michael $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akinnusi Damilola D $345,000
Previous Owner Levy Paul $101,500
Previous Owner Guzman Richard R $368,000
Previous Owner Goncalves Edwaldo $344,592
Previous Owner Argote Guillermo $73,000
Previous Owner Mastapeter Michael $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $460,000 +2.4% --
02/08/2021 02/08/21 Pending -- -- --
10/15/2020 10/15/20 For Sale $449,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $11,656 $605,800 $142,500 $463,300
2024 $16,344 $605,800 $142,500 $463,300
2023 $16,344 $52,000 $10,800 $41,200
2022 $17,675 $57,800 $10,800 $47,000
2021 $17,310 $57,800 $10,800 $47,000
2020 $16,919 $57,800 $10,800 $47,000
2019 $16,660 $57,800 $10,800 $47,000
2018 $16,498 $57,800 $10,800 $47,000
2017 $14,928 $53,800 $10,800 $43,000
2016 $14,929 $53,800 $10,800 $43,000
2015 $14,041 $53,800 $10,800 $43,000
2014 $13,620 $53,800 $10,800 $43,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sil Gomes-Heil

    Keller Williams Realty West Monmouth

    (973) 615-6863

    1 in this area

    19 Total Sales

    Sil Gomes-Heil
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22037267

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-00003-0000-00701

New Jersey Union County Elizabethport 07206 Elizabethport

308 Magnolia Ave, Elizabethport, NJ

This home is located at 308 Magnolia Ave, Elizabethport, NJ 07206 since 15 October 2020 and is currently estimated at $759,226. This property was built in 2004. 308 Magnolia Ave is a home located in Union County with nearby schools including George Washington School No. 1, Elizabeth High School, and The Patrick School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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