NOT LISTED FOR SALE

325 Highland Ave Westville, NJ 08093

Estimated Value: $348,000 - $383,000

-- Bed
-- Bath
3,057 Sq Ft
$122/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $338,900 $111 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,799/month

41 Days on Market

About This Home

As of September 2024

Exceptional opportunity to add this fully occupied triplex to your existing portfolio or begin your real estate investing career. Close proximity to Rt-130 & I-295 allowing for an easy commute for work & destinations for tenants. Owner has already taken care of a large majority of capital expenditures, with the roof being replaced within the past 5 years, newer siding & windows, fairly new hot water heaters and brand new fire monitoring system.325 Highland Ave, has also passed the NJ state inspections & does not require re-inspection for the next 5 years. This 3 unit building is comprised of one (1) bedroom unit , one (2) bedroom unit, & one (3) bedroom unit. Rents are slightly under market with room for growth for the new ownership group. Tenants are responsible for their own gas & electric. Please do not disturb the tenants. For rent rolls & questions please direct all inquiries to the listing agent.

Last Agent to Sell the Property

Eric Martorano

(856) 430-7964 eric@hedrec.com Hedenberg Real Estate Company LLC License #1863805 Listed on: 06/03/2024

Co-Listed By

Brandon Hedenberg

(856) 397-5744 brandon.hedenberg@foxroach.com Hedenberg Real Estate Company LLC License #AB069194

Last Buyer's Agent

Marie Crosby

(609) 636-8573 mariecrosby@comcast.net Century 21 Reilly Realtors License #7838321

Century 21 Reilly Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,774

Year Built

  • Built in 1920

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00

Parking

  • On-Street Parking

Home Design

  • 3,057 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for real estate taxes, insurance, water, sewer
  • Tax Lot 00021
  • Assessor Parcel Number 21-00019-00021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,774

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-06-03
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 3057
  • Living Area Sq Ft: 3057
  • Price Per Sq Ft: 110.86
  • Above Grade Finished Sq Ft: 3057
  • Above Grade Finished Area Units: Square Feet

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • 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 Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Zoning: MULTI

Rental Info

  • Owner Pays: Taxes - Real Estate, Insurance, Water, Sewer
  • Total Actual Rent: 38940.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9774.00
  • Assessor Parcel Number: 21-00019-00021
  • Tax Lot: 00021
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: WESTVILLE PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Sep 13, 2024
Sold by
Irrevocable Family Trust Of Philip J Mar and Martorano Philip J
Bought by
Badger Gary J
Seller's Agent
Eric Martorano
Hedenberg Real Estate Company LLC
Buyer's Agent
Marie Crosby
Century 21 Reilly Realtors
List Price
$338,900
Sold Price
$338,900
Views
33
Current Estimated Value
$373,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,258
Avg. Annual Appreciation
8.08%
Original Mortgage
$338,900
Outstanding Balance
$335,090
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$38,068

Purchase Details

Closed on
Apr 11, 2023
Sold by
Philip J Martorano Jr Irrevocable Family
Bought by
Philip J Martorano Jr Irrevocable Family Trus and Martorano

Purchase Details

Closed on
Feb 14, 2017
Sold by
Martorano Philip J
Bought by
Irrevocable Family Trust Of Philip Of Fm

Purchase Details

Closed on
Sep 15, 2014
Sold by
Gambino Giuseppa T and Martorano Giuseppa
Bought by
Martorano Philip J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Badger Gary J $338,900 Simplifile
Badger Gary J $338,900 Simplifile
Philip J Martorano Jr Irrevocable Family Trus -- None Listed On Document
Irrevocable Family Trust Of Philip Of Fm -- None Available
Martorano Philip J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badger Gary J $338,900
Closed Badger Gary J $338,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2024 09/13/24 Sold $338,900 0.0% $111 / Sq Ft
06/03/2024 06/03/24 For Sale $338,900 -- $111 / 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 $10,099 $185,600 $44,200 $141,400
2024 $9,776 $185,600 $44,200 $141,400
2023 $9,776 $185,600 $44,200 $141,400
2022 $9,495 $185,600 $44,200 $141,400
2021 $9,324 $185,600 $44,200 $141,400
2020 $9,042 $185,600 $44,200 $141,400
2019 $8,805 $185,600 $44,200 $141,400
2018 $8,424 $185,600 $44,200 $141,400
2017 $8,653 $185,600 $44,200 $141,400
2016 $8,367 $185,600 $44,200 $141,400
2015 $9,512 $220,900 $44,200 $176,700
2014 $8,573 $230,700 $38,600 $192,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJGL2043296

Bright MLS

APN: 21-00019-0000-00021