Seller's Agent in 2022
Teresa McKenna
EXP Realty, LLC
(856) 287-5317
1 in this area
46 Total Sales
327 N Burlington St Gloucester City, NJ 08030
Estimated Value: $173,000 - $381,000
--
Bed
--
Bath
1,616
Sq Ft
$149/Sq Ft
Est. Value
About This Home
As of June 2022INVESTOR OPPORTUNITY Duplex in Gloucester City. Both units of this Duplex are currently Tenant occupied. Each unit is 1 Bedroom/1 Bathroom with a Living Room and Kitchen. Each Tenant pays own Heat, Gas and Electric. Each unit is metered separately. The Landlord pays the Water, Sewer and Property Taxes. There are 2 Heaters and 2 Hot Water Heaters (one for each unit). The 1st Floor Tenant has access to the Basement. There is a common portico-type entry shared by both Tenants. The private doors to their individual units are inside the front entry portico. The property is being sold in completely “as is condition” which is reflected in the List Price. The property does need a good deal of TLC and updating. The Seller will do no repairs. This is not for a timid investor, but for one prepared to do updating and renovation for future prospective tenants. As a result, the Seller is not entertaining any financed offers that would condition repairs be done to the property in order for the Buyer to obtain financing. The property is best suited for a Cash Buyer or an Investor using Commercial financing that would NOT require repairs prior to closing. Both Tenants are paying below market rent prices. With future renovation, the rent prices could easily be increased for new prospective tenants. Floor plans are attached to the listing and available to view. Showing days/times will be limited. Inquire with Listing Agent.
Last Agent to Sell the Property
(856) 287-5317 terri@patmckennarealtors.com EXP Realty, LLC License #8545165 Listed on: 03/17/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,423
Year Built
- Built in 1910
Lot Details
- 1,999 Sq Ft Lot
- Lot Dimensions are 100.00 x 20.00
- Property is in below average condition
Parking
- On-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
Interior Spaces
- 1,616 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Hot Water Baseboard Heater
- Natural Gas Water Heater
Community Details
- 2 Units
- 2-Story Building
Listing and Financial Details
- The owner pays for sewer, real estate taxes, water
- Tax Lot 00015
- Assessor Parcel Number 14-00012-00015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2022
Closed on
Jun 17, 2022
Sold by
Equity Associates Llc
Bought by
Friedrich Edward
Seller's Agent
Teresa McKenna
EXP Realty, LLC
Buyer's Agent
William B. Spinner
Real Broker, LLC
List Price
$129,900
Sold Price
$122,500
Premium/Discount to List
-$7,400
-5.7%
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
$118,792
Avg. Annual Appreciation
21.85%
Original Mortgage
$91,875
Outstanding Balance
$87,389
Interest Rate
5.23%
Mortgage Type
Balloon
Estimated Equity
$153,903
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 |
|---|---|---|---|
| Friedrich Edward | $122,500 | Southern United Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Friedrich Edward | $91,875 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2022 06/17/22 | Sold | $122,500 | -5.7% | $76 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 03/17/2022 03/17/22 | For Sale | $129,900 | 0.0% | $80 / Sq Ft |
| 02/04/2017 02/04/17 | Rented | $725 | 0.0% | -- |
| 01/06/2017 01/06/17 | Under Contract | -- | -- | -- |
| 09/16/2016 09/16/16 | For Rent | $725 | +11.5% | -- |
| 05/01/2012 05/01/12 | Rented | $650 | 0.0% | -- |
| 04/01/2012 04/01/12 | Under Contract | -- | -- | -- |
| 04/01/2012 04/01/12 | For Rent | $650 | -- | -- |
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 | $3,685 | $73,500 | $17,100 | $56,400 |
| 2024 | $3,678 | $73,500 | $17,100 | $56,400 |
| 2023 | $3,678 | $73,500 | $17,100 | $56,400 |
| 2022 | $3,458 | $73,500 | $17,100 | $56,400 |
| 2021 | $3,424 | $73,500 | $17,100 | $56,400 |
| 2020 | $3,306 | $73,500 | $17,100 | $56,400 |
| 2019 | $3,238 | $73,500 | $17,100 | $56,400 |
| 2018 | $3,175 | $73,500 | $17,100 | $56,400 |
| 2017 | $3,110 | $73,500 | $17,100 | $56,400 |
| 2016 | $2,992 | $73,500 | $17,100 | $56,400 |
| 2015 | $2,695 | $73,500 | $17,100 | $56,400 |
| 2014 | $2,093 | $39,900 | $10,000 | $29,900 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa McKenna
-
William B. Spinner
Buyer's Agent in 2022
William B. Spinner
Real Broker, LLC
(855) 450-0442
10 in this area
69 Total Sales
-
W
Seller's Agent in 2012
WILLIAM LABBREE
KingsGate Realty LLC
Map
Source: Bright MLS
MLS Number: NJCD2021610
APN: 14-00012-0000-00015
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