NOT LISTED FOR SALE

309 Summit Ave Westville, NJ 08093

Estimated Value: $322,000 - $361,000

-- Bed
-- Bath
2,618 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $100,000 $38 Per Sq Ft

Est. 243% increase in value since last sale

Current estimated payment $2,507/month

288 Days on Market

Highlights

  • No HOA
  • Walk-In Closet
  • Ceramic Tile Flooring
  • Eat-In Kitchen
  • Bathtub with Shower
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

Westville Duplex: Great investment opportunity. The First-floor unit has 3 bedrooms plus a study/office room 1 bath w/large LR, DR, eat-in kitchen ...The Upstairs-Second-floor unit has 1 bdrm, 1 ba LR, and a kitchen. The property also features a large front porch and a spacious back yard.

Last Agent to Sell the Property

Barbara Mckale

(609) 220-2711 Barbara.McKale@foxroach.com BHHS Fox & Roach-Marlton Listed on: 11/21/2019

BHHS Fox & Roach-Marlton

Last Buyer's Agent

Laura Idell

(609) 705-4295 laura.idell@foxroach.com BHHS Fox & Roach 9th Street-Ocean City

BHHS Fox & Roach 9th Street-Ocean City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1896

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 180.00

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,618 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Built-In Range

Flooring

  • Partially Carpeted
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Parking

  • Driveway
  • On-Street Parking

Schools

  • Gateway Regional High School

Utilities

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

Listing and Financial Details

  • The owner pays for water, sewer, real estate taxes
  • Tax Lot 00016
  • Assessor Parcel Number 21-00015-00016

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Newbold Subdivision

Building Details

  • Operating Expense $8,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants personal items
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1896
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Range
  • Flooring Type: Vinyl, Partially Carpeted, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Kitchen - Eat-In, Walk-In Closet(s), Tub Shower
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2618
  • Living Area Sq Ft: 2618
  • Price Per Sq Ft: 41.63
  • Above Grade Finished Sq Ft: 2618
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

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
  • Water Previous Twelve Months: 1008.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: GATEWAY REGIONAL H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 109500.00
  • Land Assessed Value: 46500.00
  • Lot Size Acres: 0.21
  • Lot Dimensions: 50.00 x 180.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9000.00
  • Zoning: 2SF

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Owner Pays: Water, Sewer, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 19800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2055179
  • Tax Annual Amount: 7401.00
  • Assessor Parcel Number: 21-00015-00016
  • Tax Lot: 00016
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Gross Income: 19800.00
  • Operating Expense: 8500.00

MLS Schools

  • School District Name: WESTVILLE PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Nov 13, 2020
Sold by
Shahrokh Mahmoud
Bought by
Fyp Holdings Llc
Seller's Agent
Barbara Mckale
BHHS Fox & Roach-Marlton
Buyer's Agent
Laura Idell
BHHS Fox & Roach 9th Street-Ocean City
List Price
$109,000
Sold Price
$100,000
Premium/Discount to List
-$9,000
-8.26%
Current Estimated Value
$343,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,184
Avg. Annual Appreciation
27.53%
Original Mortgage
$157,500
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 26, 1999
Sold by
List Robert C
Bought by
Mahmoud Shahrokh
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
Fyp Holdings Llc $100,000 National Integrity Ttl Agcy
Mahmoud Shahrokh $106,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fyp Holdings Llc $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2020 11/13/20 Sold $100,000 -8.3% $38 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
11/21/2019 11/21/19 For Sale $109,000 -- $42 / 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 $8,488 $156,000 $46,500 $109,500
2024 $8,217 $156,000 $46,500 $109,500
2023 $8,217 $156,000 $46,500 $109,500
2022 $7,981 $156,000 $46,500 $109,500
2021 $7,834 $156,000 $46,500 $109,500
2020 $7,600 $156,000 $46,500 $109,500
2019 $7,401 $156,000 $46,500 $109,500
2018 $7,081 $156,000 $46,500 $109,500
2017 $7,273 $156,000 $46,500 $109,500
2016 $7,032 $156,000 $46,500 $109,500
2015 $6,717 $156,000 $46,500 $109,500
2014 $6,626 $178,300 $40,400 $137,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL251320

Bright MLS

APN: 21-00015-0000-00016