NOT LISTED FOR SALE

323 E 3rd Ave Runnemede, NJ 08078

Estimated Value: $292,000 - $306,935

-- Bed
-- Bath
1,530 Sq Ft
$197/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $245,000 $160 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,165/month

10 Days on Market

About This Home

As of February 2023

Attention investors!!!
Please submit all offer by Tuesday 1/17 at 5pm.
Well maintained income producing duplex. 1st floor is a 3-bedroom 1 bath with washer dryer. 2nd floor is a 2 bedroom 1 bath with washer dryer and private deck. Large yard in a residential neighborhood.
1st floor tenant has called 323 E 3rd Ave home for over 15 years (Moved in December of 2007)
Current lease is $1075.00 until October 31, 2023
2nd floor tenant has called 323 E 3rd Ave home since March of 2014, just under 9 years.
Current lease is $1095.00 until November 30, 2023
2 Bedroom apartments in the area are renting for between $1300 and $1650 so there is room to increase rents and your income.
Gas heat, Forced hot air, Separate Gas & Electric PSEG & SJ Gas
A/C Window units, Landlord owns all appliances, Public Sewer, and American Water. Public Trash.
New Asphalt Roof 3 years young.
As is. Current owner will not make any repairs or upgrades.

Last Agent to Sell the Property

Edward Andres

(856) 693-6802 eandres@penzonerealty.com Penzone Realty Listed on: 01/10/2023

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1967

Lot Details

  • 5,500 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,530 Sq Ft Home
  • Partial Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 00011
  • Assessor Parcel Number 30-00124-00011

Community Details

Overview

  • 2 Units
  • Acorn Hill Subdivision

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,136

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Property
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1967
  • Automatically Close On Close Date: No
  • Remarks Public: Attention investors!!! Please submit all offer by Tuesday 1/17 at 5pm. Well maintained income producing duplex. 1st floor is a 3-bedroom 1 bath with washer dryer. 2nd floor is a 2 bedroom 1 bath with washer dryer and private deck. Large yard in a residential neighborhood. 1st floor tenant has called 323 E 3rd Ave home for over 15 years (Moved in December of 2007) Current lease is $1075.00 until October 31, 2023 2nd floor tenant has called 323 E 3rd Ave home since March of 2014, just under 9 years. Current lease is $1095.00 until November 30, 2023 2 Bedroom apartments in the area are renting for between $1300 and $1650 so there is room to increase rents and your income. Gas heat, Forced hot air, Separate Gas & Electric PSEG & SJ Gas A/C Window units, Landlord owns all appliances, Public Sewer, and American Water. Public Trash. New Asphalt Roof 3 years young. As is. Current owner will not make any repairs or upgrades.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1530
  • Living Area Sq Ft: 1530
  • Price Per Sq Ft: 146.99
  • Above Grade Finished Sq Ft: 1530
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 323

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Schools

  • School District: BLACK HORSE PIKE REGIONAL SCHOOLS
  • School District Key: 300200396979
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 83100.00
  • Land Assessed Value: 25200.00
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5500.00
  • Zoning: R

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water
  • Rent Control: No
  • Total Actual Rent: 26040.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1921429
  • Tax Annual Amount: 5136.00
  • Assessor Parcel Number: 30-00124-00011
  • Tax Lot: 00011
  • Tax Year: 2006
  • Close Date: 02/28/2023

MLS Schools

  • School District Name: BLACK HORSE PIKE REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Feb 28, 2023
Sold by
Tannin Properties Llc
Bought by
Elbayar Yusuf
Seller's Agent
Edward Andres
Penzone Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$224,900
Sold Price
$245,000
Premium/Discount to List
$20,100
8.94%
Views
123
Current Estimated Value
$301,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,484
Avg. Annual Appreciation
9.05%
Original Mortgage
$183,750
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2007
Sold by
Gilletti Michael A and Layton David H
Bought by
Tannin Properties Llc

Purchase Details

Closed on
Apr 6, 1999
Sold by
Romagna Inc
Bought by
Gilletti Michael A and Layton David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.02%
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
Elbayar Yusuf $245,000 First American Title
Tannin Properties Llc $167,500 --
Gilletti Michael A $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elbayar Yusuf $183,750
Previous Owner Gilletti Michael A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $245,000 +8.9% $160 / Sq Ft
01/10/2023 01/10/23 For Sale $224,900 -- $147 / 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 $6,858 $152,200 $39,000 $113,200
2024 $6,650 $152,200 $39,000 $113,200
2023 $6,650 $152,200 $39,000 $113,200
2022 $6,438 $152,200 $39,000 $113,200
2021 $6,286 $152,200 $39,000 $113,200
2020 $6,223 $152,200 $39,000 $113,200
2019 $6,109 $152,200 $39,000 $113,200
2018 $5,992 $152,200 $39,000 $113,200
2017 $5,838 $152,200 $39,000 $113,200
2016 $5,765 $152,200 $39,000 $113,200
2015 $5,782 $152,200 $39,000 $113,200
2014 $5,708 $152,200 $39,000 $113,200
Source: Public Records

Agents Affiliated with this Home

  • Edward Andres

    Seller's Agent in 2023

    Edward Andres

    Penzone Realty

    (856) 693-6802

    1 in this area

    17 Total Sales

    Edward Andres
    Section Image
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Map

Source: Bright MLS

MLS Number: NJCD2040646

Bright MLS

APN: 30-00124-0000-00011

New Jersey Camden County Runnemede 08078

323 E 3rd Ave, Runnemede, NJ

This home is located at 323 E 3rd Ave, Runnemede, NJ 08078 since 10 January 2023 and is currently estimated at $301,484, approximately $197 per square foot. This property was built in 1967. 323 E 3rd Ave is a home located in Camden County with nearby schools including Mary E. Volz Elementary School, Downing Elementary School, and Triton High School.

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