Seller's Agent in 2022
Ian Rossman
BHHS Fox & Roach
(609) 410-1010
8 in this area
424 Total Sales
313 E Broad St Burlington, NJ 08016
Estimated Value: $255,354 - $297,000
--
Bed
--
Bath
2,268
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Patio
- Level Lot
- Deck
- Ceramic Tile Flooring
- 3-minute walk to Clarkson Playground
About This Home
As of September 2022INVESTOR ALERT! Opportunity to own a fully rented twin/duplex with two, 2-3 bedroom apartments. Both units have leases in place through 1/30/23 paying $1100/month per unit. Each unit has separate heat, hot water, gas and electric in tenants’ names. Apartment 1 is a first floor unit with a spacious living room and large eat-in kitchen with a pantry. Off of the kitchen is a mudroom and a door to the backyard. This first floor unit has in unit access to the basement. The basement offers a washer/dryer hook up. There are two bedrooms with an additional room for an office or possible 3rd bedroom and a full bath with a stand-up shower. Apartment 2 is made up of floors two and three of the duplex. Apartment 2 features a main living area that includes a large dining room, living room, kitchen and a small office/ bedroom. A full bath with tub and shower is also located on this floor. There is access to a deck which takes you down to the backyard which is a shared space with apartment 1. The third floor offers 2 additional bedrooms. Currently, apartment 2 has a private washer/dryer set up in the kitchen area.
This duplex is a great investment opportunity and is centrally located to Rts 130 and 295, and just a short walk to the River Line light rail with access from Trenton to Philly as well as historic Burlington City with plenty of shopping and dining nearby.
Property is being sold in as-is condition. Seller will obtain CO.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,492
Year Built
- Built in 1890
Lot Details
- 3,120 Sq Ft Lot
- Lot Dimensions are 24.00 x 130.00
- Level Lot
- Back Yard
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 2,268 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Gas Oven or Range
Flooring
- Carpet
- Laminate
- Ceramic Tile
Outdoor Features
- Deck
- Patio
- Breezeway
Utilities
- Window Unit Cooling System
- Radiator
- Natural Gas Water Heater
Community Details
- 2 Units
- 3-Story Building
Listing and Financial Details
- The owner pays for insurance
- Tax Lot 00018
- Assessor Parcel Number 05-00130-00018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2022
Closed on
Sep 14, 2022
Sold by
Thompson Marie
Bought by
Penguins Preferred Llc
Seller's Agent
Ian Rossman
BHHS Fox & Roach-Mt Laurel
Buyer's Agent
Seth Brodsky
RealtyMark Properties
List Price
$215,000
Sold Price
$182,500
Premium/Discount to List
-$32,500
-15.12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,589
Avg. Annual Appreciation
16.54%
Original Mortgage
$131,250
Outstanding Balance
$126,639
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$157,395
Purchase Details
Closed on
Jan 15, 2019
Sold by
John J Ferry Enterprises
Bought by
Thompson Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 2, 1978
Bought by
John J Ferry Enterprises, Inc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Penguins Preferred Llc | $182,500 | -- | |
| Thompson Marie | $132,000 | S&H Abstract Co | |
| John J Ferry Enterprises, Inc | $28,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Penguins Preferred Llc | $131,250 | |
| Previous Owner | Thompson Marie | $91,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2022 09/27/22 | Sold | $182,500 | -15.1% | $80 / Sq Ft |
| 07/31/2022 07/31/22 | Pending | -- | -- | -- |
| 07/22/2022 07/22/22 | For Sale | $215,000 | -- | $95 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,781 | $156,600 | $27,200 | $129,400 |
| 2024 | $6,662 | $156,600 | $27,200 | $129,400 |
| 2023 | $6,662 | $156,600 | $27,200 | $129,400 |
| 2022 | $6,588 | $156,600 | $27,200 | $129,400 |
| 2021 | $6,493 | $156,600 | $27,200 | $129,400 |
| 2020 | $6,261 | $156,600 | $27,200 | $129,400 |
| 2019 | $5,971 | $156,600 | $27,200 | $129,400 |
| 2018 | $5,869 | $156,600 | $27,200 | $129,400 |
| 2017 | $5,689 | $156,600 | $27,200 | $129,400 |
| 2016 | $5,475 | $156,600 | $27,200 | $129,400 |
| 2015 | $5,279 | $156,600 | $27,200 | $129,400 |
| 2014 | $5,105 | $156,600 | $27,200 | $129,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Amy Baker
BHHS Fox & Roach
(609) 440-7713
1 in this area
36 Total Sales
-
Buyer's Agent in 2022
Seth Brodsky
RealtyMark Properties
(914) 837-1989
2 in this area
46 Total Sales
Map
Source: Bright MLS
MLS Number: NJBL2030390
APN: 05-00130-0000-00018
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