NOT LISTED FOR SALE

323 George St South Amboy, NJ 08879

Estimated Value: $645,000 - $710,000

4 Beds
2 Baths
2,480 Sq Ft
$272/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $495,000 $200 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,497/month

105 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Heating System Uses Natural Gas

About This Home

As of March 2021

Investment opportunity in prime commuter location situated nearby NJ Transit train station and upcoming ferry service for an ultra convenient NYC commute, Charming 2 family with full basement offers you a wealth of opportunity. Rent both units or live in one and supplement your income by renting the other. Enjoy local revitalized downtown shops, eateries and nearby scenic water views of the Raritan bay. This Charming Two Family Brick front home features 2 Bedrooms in each unit, hardwood floors, full basement with full bath and 2 washer/dryer hookups and nice backyard. Come and see this gem!

Last Agent to Sell the Property

Ann Marie Konko

Fortune Real Estate and Investment Group, LLC License #1007536 Listed on: 10/02/2020

Last Buyer's Agent

Elba Lupo

EXP Realty License #0015437

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,316

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75 x 100

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • South Amboy Elementary And Middle School
  • South Amboy High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 20-00020-0000-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,316

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Year Built: 1950
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 75 x 100
  • Location Middle School: South Amboy
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • SidingBrick: Yes
  • Cooling Multi Units: Yes
  • Unit 2 Electric Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished, Other, Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes
  • Basement:Partially Finished: Yes
  • BasementOther: Yes

Exterior Features

  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: South Amboy

Lot Info

  • Lot Dimensions: 75 x 100
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 20-00020-0000-00009
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: See Remarks, Gas, Electricity
  • Owner Pays: See Remarks

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8316.0
  • Tax Other Annual Assessment Amount: 300000.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: South Amboy
  • High School: South Amboy High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Mar 11, 2021
Sold by
Korona Marek and Korona Magdalena
Bought by
Sheu Arbnore and Leka Xhemal
Seller's Agent
Ann Marie Konko
Fortune Real Estate and Investment Group, LLC
Buyer's Agent
Elba Lupo
EXP Realty
List Price
$539,900
Sold Price
$495,000
Premium/Discount to List
-$44,900
-8.32%
Current Estimated Value
$683,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,655
Avg. Annual Appreciation
7.26%
Original Mortgage
$465,856
Outstanding Balance
$422,969
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$251,668

Purchase Details

Closed on
Jul 19, 2006
Sold by
Dooling Joseph
Bought by
Korona Marek and Korona Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,400
Interest Rate
6.7%
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
Sheu Arbnore $495,000 Sunnyside Title
Korona Marek $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheu Arbnore $465,856
Previous Owner Korona Marek $366,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2021 03/16/21 Sold $495,000 -5.7% $200 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
12/10/2020 12/10/20 Price Changed $525,000 -2.8% $212 / Sq Ft
10/01/2020 10/01/20 For Sale $539,900 -- $218 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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
2024 $9,264 $300,000 $137,500 $162,500
2023 $9,264 $300,000 $137,500 $162,500
2022 $8,802 $300,000 $137,500 $162,500
2021 $8,451 $300,000 $137,500 $162,500
2020 $8,451 $300,000 $137,500 $162,500
2019 $8,316 $300,000 $137,500 $162,500
2018 $8,247 $300,000 $137,500 $162,500
2017 $8,115 $300,000 $137,500 $162,500
2016 $7,911 $300,000 $137,500 $162,500
2015 $7,968 $300,000 $137,500 $162,500
2014 $7,695 $300,000 $137,500 $162,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22035464

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00020-0000-00009