NOT LISTED FOR SALE

317 E Broad St Millville, NJ 08332

Estimated Value: $251,000 - $332,000

-- Bed
-- Bath
2,816 Sq Ft
$105/Sq Ft Est. Value

Last Sold July 21, 2021

Last sale price $65,000 $23 Per Sq Ft

Est. 357% increase in value since last sale

Current estimated payment $2,136/month

About This Home

As of July 2021

This is a masonry brick triplex. This triplex is not your average triplex, this triplex is huge. Every unit is nearly 1,000sqft with 2 bedrooms and one bathroom in each unit. This property has the potential to provide major cash flow. The upstairs unit has a walk up attic for a possible third bedroom. The rear unit is near completion, making a quick rental date possible. The second unit is about 40 percent completed. The rough electrical, gas and plumbing are mostly completed. There are materials on site that will come with the sale of the home. Being this close to completion at this price is a rare find. There is a driveway already present providing potential off street parking. This property has the potential to collect $36k-$39k in rents annually. It doesn't take much to see this property is a great buy. This is a strictly as is where is buy. Cash buyers are preferred. Buyer will be responsible for all required inspections and certifications including the certificate of occupancy.

Last Agent to Sell the Property

Calvin Boone

(856) 718-1248 calvinboonelaptop@gmail.com Coldwell Banker Excel Realty Listed on: 05/18/2021

Coldwell Banker Excel Realty

Last Buyer's Agent

Joseph O'Neill

(610) 724-4992 brian.oneill.jr@gmail.com Real of Pennsylvania

Real of Pennsylvania

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 5,709 Sq Ft Lot
  • Lot Dimensions are 33.00 x 173.00

Home Design

  • Triplex
  • A-Frame Home
  • Masonry

Interior Spaces

  • 2,816 Sq Ft Home
  • Rough-In Flooring
  • Partially Finished Basement

Parking

  • Driveway
  • On-Street Parking

Utilities

  • 110 Volts

Listing and Financial Details

  • Tax Lot 00024
  • Assessor Parcel Number 10-00370-00024

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • Inclusions: All materials & contents in the home.
  • New Construction: No
  • Year Built: 1932
  • Remarks Public: This is a masonry brick triplex. This triplex is not your average triplex, this triplex is huge. Every unit is nearly 1,000sqft with 2 bedrooms and one bathroom in each unit. This property has the potential to provide major cash flow. The upstairs unit has a walk up attic for a possible third bedroom. The rear unit is near completion, making a quick rental date possible. The second unit is about 40 percent completed. The rough electrical, gas and plumbing are mostly completed. There are materials on site that will come with the sale of the home. Being this close to completion at this price is a rare find. There is a driveway already present providing potential off street parking. This property has the potential to collect $36k-$39k in rents annually. It doesn't take much to see this property is a great buy. This is a strictly as is where is buy. Cash buyers are preferred. Buyer will be responsible for all required inspections and certifications including the certificate of occupancy.
  • Special Features: None

Interior Features

  • Flooring Type: Rough-In
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 2816
  • Living Area Sq Ft: 2816
  • Price Per Sq Ft: 26.60
  • Above Grade Finished Sq Ft: 2816
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 317

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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: No
  • Electric Service: 110 Volts
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 161200.00
  • Land Assessed Value: 15700.00
  • Lot Size Acres: 0.13
  • Lot Dimensions: 33.00 x 173.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5709.00
  • Year Assessed: 2020
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 3
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 3135597
  • Tax Annual Amount: 6381.00
  • Assessor Parcel Number: 10-00370-00024
  • Tax Lot: 00024
  • Tax Total Finished Sq Ft: 2816
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/21/2021

MLS Schools

  • School District Name: MILLVILLE BOARD OF EDUCATION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jul 20, 2021
Sold by
Smith Darius
Bought by
Lxr Nj 3 Llc
Seller's Agent
Calvin Boone
Coldwell Banker Excel Realty
Buyer's Agent
Joseph O'Neill
Real of Pennsylvania
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%
Current Estimated Value
$296,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,946
Avg. Annual Appreciation
42.61%

Purchase Details

Closed on
Nov 20, 2020
Sold by
Cc1 Nj Reo Llc
Bought by
Smith Darius

Purchase Details

Closed on
Apr 6, 2016
Sold by
Lynch Natacha
Bought by
Lynch Nicholas Bruce

Purchase Details

Listed on
Dec 11, 2013
Closed on
Apr 10, 2014
Sold by
Sf1 Real Estate 1 Llc
Bought by
Pierre Lynch Natacha
Seller's Agent
Irene Bucher
Colonial Realty Company
Buyer's Agent
Irene Bucher
Colonial Realty Company
List Price
$64,900
Sold Price
$37,500
Premium/Discount to List
-$27,400
-42.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.60%

Purchase Details

Closed on
Sep 23, 2013
Sold by
Stonefield Investment Fund I Llc
Bought by
Sf1 Real Estate 1 Llc

Purchase Details

Closed on
Mar 4, 2005
Sold by
Bridges Glenn
Bought by
Olatubosun Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
5.64%

Purchase Details

Closed on
Apr 8, 2003
Sold by
Lombardo Vincent
Bought by
Bridges Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,200
Interest Rate
5.64%

Purchase Details

Closed on
Oct 31, 1996
Sold by
Coslop Joann
Bought by
Lombardo Vincent and Lombardo Michelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,682
Interest Rate
9%
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
Lxr Nj 3 Llc $65,000 None Available
Smith Darius $25,000 None Available
Smith Darius $25,000 None Listed On Document
Lynch Nicholas Bruce -- None Available
Pierre Lynch Natacha $37,500 Beacon Title Services Agency
Sf1 Real Estate 1 Llc -- --
Olatubosun Jonathan $130,000 --
Bridges Glenn $85,250 --
Lombardo Vincent $61,000 Dominion Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olatubosun Jonathan $117,000
Previous Owner Bridges Glenn $68,200
Previous Owner Lombardo Vincent $16,682
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2021 07/21/21 Sold $65,000 -13.2% $23 / Sq Ft
05/18/2021 05/18/21 For Sale $74,900 +99.7% $27 / Sq Ft
04/10/2014 04/10/14 Sold $37,500 -42.2% $13 / Sq Ft View Prior Sale
02/24/2014 02/24/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $64,900 -- $23 / 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 $6,943 $176,900 $15,700 $161,200
2024 $6,943 $176,900 $15,700 $161,200
2023 $6,885 $176,900 $15,700 $161,200
2022 $6,706 $176,900 $15,700 $161,200
2021 $6,489 $176,900 $15,700 $161,200
2020 $6,381 $176,900 $15,700 $161,200
2019 $6,085 $176,900 $15,700 $161,200
2018 $5,960 $176,900 $15,700 $161,200
2017 $5,905 $176,900 $15,700 $161,200
2016 $5,831 $176,900 $15,700 $161,200
2015 $5,700 $176,900 $15,700 $161,200
2014 $5,710 $176,900 $15,700 $161,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB132868

Bright MLS

APN: 10-00370-0000-00024