Seller's Agent in 2023
Edward Andres
Penzone Realty
(856) 693-6802
1 in this area
15 Total Sales
323 E 3rd Ave Runnemede, NJ 08078
Estimated Value: $290,000 - $306,677
--
Bed
--
Bath
1,530
Sq Ft
$196/Sq Ft
Est. Value
About This Home
As of February 2023Attention 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
(856) 693-6802 eandres@penzonerealty.com Penzone Realty Listed on: 01/10/2023
Last Buyer's Agent
datacorrect@brightmls.com Non Subscribing Office License #0225194075
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,419
Avg. Annual Appreciation
7.64%
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%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
datacorrect BrightMLS
d
Buyer's Agent in 2023
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: NJCD2040646
APN: 30-00124-0000-00011
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