NOT LISTED FOR SALE

311 High St Burlington, NJ 08016

Estimated Value: $268,523

-- Bed
-- Bath
-- Sq Ft
3,540 Sq Ft Lot

Last Sold July 05, 2018

Last sale price $145,000

Est. 85% increase in value since last sale

Current estimated payment $1,677/month

Highlights

  • No HOA
  • 3-minute walk to Burlington Towne Center
  • Central Air
  • Tile or Brick Flooring
  • En-Suite Primary Bedroom
  • 4-minute walk to Barclay Street Playground

About This Home

As of July 2018

GREAT MULTI-USE COMMERCIAL INVESTMENT! This property is ideally situated on a lovely tree-lined street w/cobblestoned sidewalks, in the historic district and features a 1,200 square foot office space w/display window, waiting room, reception area. Double door entrance into professional space, which currently houses 1 large office, 2 smaller offices, 3 large store rooms c/b additional offices and 2 powder rooms. Small area in rear c/b coffee area - plenty of room to grow your business! Store also has access to basement. Two apartments on the second floor - one hosts 2 BR/1BA, DR & non-working FP; the other has 1 BR/1 BA. The walk-up attic can be used as storage space by tenants. All new windows in upper apartments. There is on street parking out front and a rear parking lot for tenants. Common entrance in front for commercial endeavor; entrance in rear for 1 BR apartment - 2 BR apartment entrance in front. We are close to nearby park w/great view of river! Convenient to Riverline train and bus stop, Burlington Bristol Bridge, local shops and restaurants. Near historic London and Yorkshire Neighborhoods; new construction coming in the area as well. A unique area that is experiencing redevelopment. Why not put us on your viewing list to see what we have to offer . . . YOU?!!!

Last Agent to Sell the Property

Michael DeFillippis

(856) 207-9077 snjhousesales@gmail.com OMNI Real Estate Professionals Listed on: 01/15/2018

OMNI Real Estate Professionals

Last Buyer's Agent

Joyce Skillman

(215) 669-4550 skillman714@gmail.com Real Estate Excel

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,994

Year Built

  • Built in 1870

Lot Details

  • 3,540 Sq Ft Lot
  • Lot Dimensions are 20x177
  • Property is in below average condition

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Tile or Brick

Parking

  • On-Street Parking
  • Parking Lot

Schools

  • Burlington City High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 05-00135-00004

Community Details

Overview

  • No Home Owners Association
  • Town Center Subdivision

Building Details

  • Operating Expense $5,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,994

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1870
  • Remarks Public: GREAT MULTI-USE COMMERCIAL INVESTMENT! This property is ideally situated on a lovely tree-lined street w/cobblestoned sidewalks, in the historic district and features a 1,200 square foot office space w/display window, waiting room, reception area. Double door entrance into professional space, which currently houses 1 large office, 2 smaller offices, 3 large store rooms c/b additional offices and 2 powder rooms. Small area in rear c/b coffee area - plenty of room to grow your business! Store also has access to basement. Two apartments on the second floor - one hosts 2 BR/1BA, DR & non-working FP; the other has 1 BR/1 BA. The walk-up attic can be used as storage space by tenants. All new windows in upper apartments. There is on street parking out front and a rear parking lot for tenants. Common entrance in front for commercial endeavor; entrance in rear for 1 BR apartment - 2 BR apartment entrance in front. We are close to nearby park w/great view of river! Convenient to Riverline train and bus stop, Burlington Bristol Bridge, local shops and restaurants. Near historic London and Yorkshire Neighborhoods; new construction coming in the area as well. A unique area that is experiencing redevelopment. Why not put us on your viewing list to see what we have to offer . . . YOU?!!!
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Store/Office
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 311

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: BURLINGTON CITY SCHOOLS
  • High School: BURLINGTON CITY
  • School District Key: 300200397177
  • High School: BURLINGTON CITY

Lot Info

  • Improvement Assessed Value: 121000.00
  • Land Assessed Value: 44000.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 20X177
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3540.00
  • Property Attached Yn: Yes
  • Property Condition: Below Average
  • Zoning: TC-1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1605039
  • Tax Annual Amount: 5994.00
  • Assessor Parcel Number: 05-00135-00004
  • Tax Lot: 00004
  • Tax Year: 2017
  • Close Date: 07/05/2018

MLS Schools

  • School District Name: BURLINGTON CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2019
Sold by
81 Hulme Llc
Bought by
Smith Nakia
Current Estimated Value
$268,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,353
Outstanding Balance
$163,122
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$105,401

Purchase Details

Listed on
Jan 15, 2018
Closed on
Jul 5, 2018
Sold by
311 High Street Llc
Bought by
8 Hulme Llc
Seller's Agent
Michael DeFillippis
OMNI Real Estate Professionals
Buyer's Agent
Joyce Skillman
Real Estate Excel
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%
Original Mortgage
$240,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2009
Sold by
Hsbc Bank Usa Na
Bought by
311 High Street Llc

Purchase Details

Closed on
Jul 30, 2007
Sold by
Ross Regina R and Keepers Joe A
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
May 16, 2005
Sold by
Herendeen Sylvia
Bought by
Ross Regina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,925
Interest Rate
5.79%
Mortgage Type
Fannie Mae Freddie Mac
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
Smith Nakia $212,000 None Available
8 Hulme Llc $145,000 Coastal Title Agency Inc
311 High Street Llc $115,000 Chicago Title Insurance Co
Hsbc Bank Usa Na -- Commonwealth Land Title Insu
Ross Regina R $259,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Nakia $183,353
Previous Owner 8 Hulme Llc $240,000
Previous Owner Ross Regina R $194,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2018 07/05/18 Sold $145,000 -14.7% --
07/02/2018 07/02/18 Price Changed $169,900 0.0% --
06/04/2018 06/04/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $169,900 0.0% --
04/27/2018 04/27/18 Price Changed $169,900 0.0% --
04/10/2018 04/10/18 Price Changed $169,900 0.0% --
04/02/2018 04/02/18 Price Changed $169,900 0.0% --
02/13/2018 02/13/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $169,900 0.0% --
01/15/2018 01/15/18 For Sale $169,900 -- --
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 $8,084 $186,700 $44,000 $142,700
2024 $7,942 $186,700 $44,000 $142,700
2023 $7,942 $186,700 $44,000 $142,700
2022 $6,942 $165,000 $44,000 $121,000
2021 $6,664 $165,000 $44,000 $121,000
2020 $6,597 $165,000 $44,000 $121,000
2019 $6,291 $165,000 $44,000 $121,000
2018 $6,184 $165,000 $44,000 $121,000
2017 $5,994 $165,000 $44,000 $121,000
2016 $5,768 $165,000 $44,000 $121,000
2015 $5,562 $165,000 $44,000 $121,000
2014 $5,379 $165,000 $44,000 $121,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004472337

Bright MLS

APN: 05-00135-0000-00004