NOT LISTED FOR SALE

325 N Broad St Penns Grove, NJ 08069

Estimated Value: $274,000 - $492,000

-- Bed
-- Bath
3,991 Sq Ft
$96/Sq Ft Est. Value

Last Sold August 16, 2018

Last sale price $125,000 $31 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $2,735/month

Highlights

  • No HOA
  • Wood Siding
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of August 2018

Investor alert! 4-unit apartment for sale. Tenants are currently on a month-to-month lease. All units have their own full bath, washer, dryer, stove and refrigerator. Large back yard has room for plenty of parking. Sewer work done Nov 2014, new boiler installed 2014, major curb work done in 2014. Owner is very motivated to sell, all offers will be considered!

Last Agent to Sell the Property

Johnny Jones

(856) 888-7700 famousjohnny@kw.com Keller Williams Realty - Marlton License #RS376889 Listed on: 06/28/2018

Keller Williams Realty - Marlton

Last Buyer's Agent

Johnny Jones

(856) 888-7700 famousjohnny@kw.com Keller Williams Realty - Marlton License #RS376889 Listed on: 06/28/2018

Keller Williams Realty - Marlton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,756

Year Built

  • Built in 1940

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 70x200

Home Design

  • Quadruplex
  • Wood Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,991 Sq Ft Home
  • Partial Basement
  • Laundry in unit

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Penns Grove Middle School
  • Penns Grove High School

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $6,756

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 02-00031-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,756

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Remarks Public: Investor alert! 4-unit apartment for sale. Tenants are currently on a month-to-month lease. All units have their own full bath, washer, dryer, stove and refrigerator. Large back yard has room for plenty of parking. Sewer work done Nov 2014, new boiler installed 2014, major curb work done in 2014. Owner is very motivated to sell, all offers will be considered!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 3991
  • Living Area Sq Ft: 3991
  • Price Per Sq Ft: 28.81
  • Above Grade Finished Sq Ft: 3991
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 325

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5
  • Parking Features: Street
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: On Street, Driveway

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • Middle School: PENNS GROVE
  • High School: PENNS GROVE
  • School District Key: 300200397143
  • High School: PENNS GROVE
  • Middle Or Junior School: PENNS GROVE

Lot Info

  • Improvement Assessed Value: 185800.00
  • Land Assessed Value: 44300.00
  • Lot Size Acres: 0.32
  • Lot Dimensions: 70X200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14000.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 2190401
  • Tax Annual Amount: 6756.00
  • Assessor Parcel Number: 02-00031-00002
  • Tax Lot: 00002
  • Tax Year: 2017
  • Close Date: 08/16/2018

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Dj Home Buyers Llc
Bought by
Re Holdings Nj Llc
Current Estimated Value
$381,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$286,696
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$94,637

Purchase Details

Closed on
Aug 17, 2020
Sold by
Davis Glenn S
Bought by
Dj Home Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 28, 2018
Closed on
Aug 16, 2018
Sold by
Peacock Paul J and Peacock Ena
Bought by
Davis Glenn S
Seller's Agent
Johnny Jones
Keller Williams Realty - Marlton
Buyer's Agent
Johnny Jones
Keller Williams Realty - Marlton
List Price
$115,000
Sold Price
$125,000
Premium/Discount to List
$10,000
8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.96%

Purchase Details

Closed on
Oct 16, 2002
Sold by
Grenier Francis L
Bought by
Peacock Paul J and Peacock Ena F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,410
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 1997
Sold by
Gant Michael T
Bought by
Grenier Francis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,200
Interest Rate
7.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 1996
Sold by
Hill Andrew W and Hill Deborah L
Bought by
Gant Michael T
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
Re Holdings Nj Llc -- Pittman Title
Dj Home Buyers Llc $140,000 National Integrity Llc
Davis Glenn S $125,000 --
Peacock Paul J $134,900 Intercoastal Title Agency In
Grenier Francis L $130,270 --
Gant Michael T $123,000 Salem Oak Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Re Holdings Nj Llc $294,000
Previous Owner Dj Home Buyers Llc $130,000
Previous Owner Peacock Paul J $121,410
Previous Owner Grenier Francis L $117,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2018 08/16/18 Sold $125,000 +8.7% $31 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $115,000 -- $29 / 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 $8,569 $409,800 $50,100 $359,700
2024 $7,864 $232,400 $39,200 $193,200
2023 $7,864 $220,900 $39,200 $181,700
2022 $7,400 $220,900 $39,200 $181,700
2021 $7,329 $220,900 $39,200 $181,700
2020 $7,394 $220,900 $39,200 $181,700
2019 $7,455 $220,900 $39,200 $181,700
2018 $6,726 $213,600 $34,300 $179,300
2017 $6,271 $213,600 $34,300 $179,300
2016 $6,510 $230,100 $44,300 $185,800
2015 $6,206 $230,100 $44,300 $185,800
2014 $5,874 $230,100 $44,300 $185,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001955426

Bright MLS

APN: 02-00031-0000-00002