NOT LISTED FOR SALE

316 Monroe Ave Cherry Hill, NJ 08002

Estimated Value: $282,000 - $308,325

2 Beds
2 Baths
1,165 Sq Ft
$254/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $198,000 $170 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,040/month

155 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Radiator

About This Home

As of August 2021

Well kept and updated bungalow in desirable Cherry Hill located on a nice quiet tree lined street priced to sell with very low taxes under $450 per month. Walk into an enclosed porch that leads to a generously sized living room with hardwood floors throughout. Master bedroom has a large walk in closet not normally found in this style home. Both bathrooms, including the master bathroom are completely remodeled. House has newer vinyl siding, roof, gutters, down spouts, interior doors and finished hard wood floors. Seller has recently reconfigured basement stairs to allow for more headroom and additional structural supports in basement. Most of the windows have all been replaced with Anderson windows. Back door leads to a gorgeous, large elevated deck over looking a huge well kept yard which is ideal for entertaining and perfect for those summer bbq's. Very close to schools and the best shopping and dining Cherry Hill has to offer. Ideal for any Philly commuter with just a short drive to the Ben Franklin Bridge. All you have to do is unpack your bags. Make an appointment today!!! THIS ONE WILL NOT LAST LONG!!!! Seller can accommodate a quick closing.

Last Agent to Sell the Property

Patrick Gorman

(856) 986-2482 patrick.gorman@gormangrouprealtors.com Keller Williams - Main Street Listed on: 03/01/2021

Keller Williams - Main Street

Last Buyer's Agent

Patrick Gorman

(856) 986-2482 patrick.gorman@gormangrouprealtors.com Keller Williams - Main Street Listed on: 03/01/2021

Keller Williams - Main Street

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,397

Year Built

  • Built in 1930

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 104.00 x 184.00

Home Design

  • Bungalow
  • Frame Construction

Interior Spaces

  • 1,165 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Barlow Subdivision

Listing and Financial Details

  • Tax Lot 00008
  • Assessor Parcel Number 09-00189 01-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,397

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1165
  • Living Area Sq Ft: 1165
  • Price Per Sq Ft: 167.30
  • Above Grade Finished Sq Ft: 1165
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.44
  • Lot Dimensions: 104.00 x 184.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19136.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5397.00
  • Assessor Parcel Number: 09-00189 01-00008
  • Tax Lot: 00008
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Aug 30, 2021
Sold by
Brown Clayton L and Brown Rebecca
Bought by
Schmidt Katelynn
Seller's Agent
Patrick Gorman
Keller Williams - Main Street
Buyer's Agent
Patrick Gorman
Keller Williams - Main Street
List Price
$199,000
Sold Price
$198,000
Premium/Discount to List
-$1,000
-0.5%
Current Estimated Value
$295,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,581
Avg. Annual Appreciation
9.65%
Original Mortgage
$194,413
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2006
Sold by
Mayhugh Stephen P
Bought by
Brown Clayton I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,175
Interest Rate
6.26%

Purchase Details

Closed on
Jun 20, 2003
Sold by
Mayhugh Stephen P
Bought by
Mayhugh Stephen P and Mayhugh Marguerite J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,847
Interest Rate
5.45%

Purchase Details

Closed on
Jun 22, 2001
Sold by
Krebs Robert E
Bought by
Mayhugh Stephen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,100
Interest Rate
7.14%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schmidt Katelynn $198,000 Surety Title Company
Brown Clayton I $186,500 --
Mayhugh Stephen P -- --
Mayhugh Stephen P $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Katelynn $194,413
Previous Owner Brown Clayton I $177,175
Previous Owner Mayhugh Stephen P $88,847
Previous Owner Mayhugh Stephen P $86,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $198,000 +1.6% $170 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/26/2021 07/26/21 Price Changed $194,900 -2.1% $167 / Sq Ft
07/10/2021 07/10/21 Price Changed $199,000 0.0% $171 / Sq Ft
07/10/2021 07/10/21 For Sale $199,000 +0.5% $171 / Sq Ft
06/19/2021 06/19/21 Off Market $198,000 -- --
04/27/2021 04/27/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $194,900 0.0% $167 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
03/13/2021 03/13/21 Price Changed $194,900 -2.1% $167 / Sq Ft
03/01/2021 03/01/21 For Sale $199,000 -- $171 / 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 $5,939 $133,200 $51,900 $81,300
2024 $5,597 $133,200 $51,900 $81,300
2023 $5,597 $133,200 $51,900 $81,300
2022 $5,443 $133,200 $51,900 $81,300
2021 $5,460 $133,200 $51,900 $81,300
2020 $5,393 $133,200 $51,900 $81,300
2019 $5,391 $133,200 $51,900 $81,300
2018 $5,376 $133,200 $51,900 $81,300
2017 $5,303 $133,200 $51,900 $81,300
2016 $5,232 $133,200 $51,900 $81,300
2015 $5,150 $133,200 $51,900 $81,300
2014 $5,092 $133,200 $51,900 $81,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD414040

Bright MLS

APN: 09-00189-01-00008