NOT LISTED FOR SALE

316 Cedar St Millville, NJ 08332

Estimated Value: $242,000 - $299,000

-- Bed
-- Bath
1,728 Sq Ft
$158/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $270,000 $156 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,769/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Walk-Up Access

About This Home

As of February 2024

Turn key Duplex on the outskirts of Millville. Nothing to be done here! Built in 1991 with a newer roof, vinyl siding, and updated interiors, an investor or live -in-one homebuyer can move right in or start making money right away! This unique up down duplex has two, two bedroom, one bath units that have the same layout. They both have an open concept living room and eat-in kitchen. The best part of this property are the huge top and bottom decks. The bottom tenant is a long term tenant (over 5 years) on a month to month lease. The upstairs unit is on a year lease that was recently renewed. Both units have access to the full basement. They each have their own washer and dryer (which the owner is leaving behind). The basement has two HVAC systems and hot water heaters. One hot water heater and HVAC was recently replaced. The basement also has a full French drain and sump pump. The home has tons of off street parking, which you usually do not find in a multi-family home.

Last Agent to Sell the Property

Karla Jusko

EXIT Realty Defined License #0786955 Listed on: 01/15/2024

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,351

Year Built

  • Built in 1991

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00

Parking

  • Driveway

Home Design

  • 1,728 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Rear Basement Entry
  • Water Proofing System
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • 2 Units
  • Net Operating Income $24,849

Listing and Financial Details

  • The owner pays for water, sewer, real estate taxes
  • Tax Lot 00013
  • Assessor Parcel Number 10-00114-00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,351

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-01-20
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Rear Entrance, Sump Pump, Walkout Stairs, Water Proofing System
  • Total Sq Ft: 1728
  • Living Area Sq Ft: 1728
  • Price Per Sq Ft: 159.14
  • Above Grade Finished Sq Ft: 1728
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 316

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Frame, Vinyl Siding
  • 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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Schools

  • School District: MILLVILLE BOARD OF EDUCATION
  • School District Key: 300200396113
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Water, Sewer, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 2350.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 28200.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 3351.00
  • Assessor Parcel Number: 10-00114-00013
  • Tax Lot: 00013
  • Tax Total Finished Sq Ft: 1728
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/29/2024

MLS Schools

  • School District Name: MILLVILLE BOARD OF EDUCATION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Feb 26, 2024
Sold by
Steins Christian D
Bought by
Robles Miguel Angel
Seller's Agent
Karla Jusko
EXIT Realty Defined
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%
Views
67
Current Estimated Value
$272,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,189
Avg. Annual Appreciation
0.54%
Original Mortgage
$10,000
Interest Rate
6.69%

Purchase Details

Closed on
Sep 28, 2012
Sold by
Davis Virgil Lewis
Bought by
Truxton William and Truxton Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
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
Robles Miguel Angel $270,000 None Listed On Document
Truxton William $100,000 Landis Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Robles Miguel Angel $10,000
Closed Robles Miguel Angel $10,000
Open Robles Miguel Angel $260,200
Previous Owner Steins Christian D $127,402
Previous Owner Steins Christian D $129,069
Previous Owner Truxton William $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $270,000 -1.8% $156 / Sq Ft
02/19/2024 02/19/24 For Sale $275,000 0.0% $159 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/29/2024 01/29/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $275,000 -- $159 / 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 $3,470 $88,400 $15,000 $73,400
2024 $3,470 $88,400 $15,000 $73,400
2023 $3,441 $88,400 $15,000 $73,400
2022 $3,351 $88,400 $15,000 $73,400
2021 $3,243 $88,400 $15,000 $73,400
2020 $3,189 $88,400 $15,000 $73,400
2019 $3,041 $88,400 $15,000 $73,400
2018 $2,978 $88,400 $15,000 $73,400
2017 $2,951 $88,400 $15,000 $73,400
2016 $2,914 $88,400 $15,000 $73,400
2015 $2,848 $88,400 $15,000 $73,400
2014 $2,854 $88,400 $15,000 $73,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB2016162

Bright MLS

APN: 10-00114-0000-00013