NOT LISTED FOR SALE

331 Colonial Ave Trenton, NJ 08610

Estimated Value: $362,000 - $422,000

-- Bed
-- Bath
1,224 Sq Ft
$318/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $250,000 $204 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,664/month

58 Days on Market

About This Home

As of October 2021

Investor alert!!!! Here is your opportunity to purchase a tenant occupied duplex in Hamilton. Purchasing this property will bring cashflow immediately. If you are just starting out or looking to expand your portfolio, then you need to jump on this property. Unit 1 is 2 bed / 1 bath and has many upgrades and was originally owner occupied but now has a long term tenant that is moving out 9/15/21. The bathroom was recently fully renovated. The other bedroom is currently being used as a large walk-in closet by the current tenant but could be converted back in the future. Unit 2 is also a 1 bed / 1 bath with carpeted living area, LVP kitchen floors and a recently replace hot water heater. There is a large yard and basement laundry. ! Great Location! Conveniently located near Routes 130, 206, 295, 195 and New Jersey Turnpike and 10 minutes from the Hamilton train station and Joint Base Mcguire-Dix-Lakehurst. Make an appointment today to see this wonderful property!

Last Agent to Sell the Property

Dominic Marchetti

Smires & Associates License #2077110 Listed on: 06/15/2021

Smires & Associates

Last Buyer's Agent

Nina Reyes

BHHS Fox & Roach - Robbinsville License #2187420

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,862

Year Built

  • Built in 1952

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 200.00

Home Design

  • 1,224 Sq Ft Home
  • Duplex
  • Frame Construction
  • Architectural Shingle Roof

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building
  • Colonial Manor Subdivision

Listing and Financial Details

  • The owner pays for heat, sewer, water
  • Tax Lot 00020
  • Assessor Parcel Number 03-02472-00020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,862

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant Belongings
  • Home Warranty: No
  • Inclusions: Washer, Dryer, Fridge, Range, Dishwasher
  • New Construction: No
  • Expected On Market: 2021-06-15
  • Year Built: 1952
  • Automatically Close On Close Date: No
  • Remarks Public: Investor alert!!!! Here is your opportunity to purchase a tenant occupied duplex in Hamilton. Purchasing this property will bring cashflow immediately. If you are just starting out or looking to expand your portfolio, then you need to jump on this property. Unit 1 is 2 bed / 1 bath and has many upgrades and was originally owner occupied but now has a long term tenant that is moving out 9/15/21. The bathroom was recently fully renovated. The other bedroom is currently being used as a large walk-in closet by the current tenant but could be converted back in the future. Unit 2 is also a 1 bed / 1 bath with carpeted living area, LVP kitchen floors and a recently replace hot water heater. There is a large yard and basement laundry. ! Great Location! Conveniently located near Routes 130, 206, 295, 195 and New Jersey Turnpike and 10 minutes from the Hamilton train station and Joint Base Mcguire-Dix-Lakehurst. Make an appointment today to see this wonderful property!
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Interior Access
  • Total Sq Ft: 1224
  • Living Area Sq Ft: 1224
  • Price Per Sq Ft: 200.16
  • Above Grade Finished Sq Ft: 1224
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 331

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: HAMILTON TOWNSHIP
  • School District Key: 300200396172
  • School District Source: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 126100.00
  • Land Assessed Value: 61000.00
  • Lot Size Acres: 0.23
  • Lot Dimensions: 50.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10000.00
  • Year Assessed: 2020
  • Zoning: MULTI

Rental Info

  • Number Of Units Month To Month: 2
  • Owner Pays: Heat, Sewer, Water
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2108660
  • Tax Annual Amount: 5862.00
  • Assessor Parcel Number: 03-02472-00020
  • Tax Lot: 00020
  • Tax Total Finished Sq Ft: 1224
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/29/2021

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Oct 29, 2021
Sold by
Boucher Collin M
Bought by
Duran Kevin S
Seller's Agent
Dominic Marchetti
Smires & Associates
Buyer's Agent
Nina Reyes
BHHS Fox & Roach - Robbinsville
List Price
$245,000
Sold Price
$250,000
Premium/Discount to List
$5,000
2.04%
Current Estimated Value
$388,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,982
Avg. Annual Appreciation
11.90%
Original Mortgage
$245,471
Outstanding Balance
$226,969
Interest Rate
2.88%
Mortgage Type
FHA
Estimated Equity
$158,516

Purchase Details

Closed on
Apr 10, 2007
Sold by
Kisielewski Lester
Bought by
Boucher Colin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
6.19%
Source: Public Records

Range of Values:

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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
Duran Kevin S $250,000 Premier Abstract & Ttl Agcy
Boucher Colin $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duran Kevin S $13,799
Closed Duran Kevin S $9,534
Closed Duran Kevin S $8,601
Closed Duran Kevin S $14,450
Open Duran Kevin S $245,471
Closed Duran Kevin S $10,000
Previous Owner Boucher Collin M $195,000
Previous Owner Boucher Colin $191,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $250,000 +2.0% $204 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $245,000 0.0% $200 / Sq Ft
08/10/2021 08/10/21 For Sale $245,000 -2.0% $200 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $249,900 -- $204 / 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 $6,593 $187,100 $61,000 $126,100
2024 $6,180 $187,100 $61,000 $126,100
2023 $6,180 $187,100 $61,000 $126,100
2022 $6,083 $187,100 $61,000 $126,100
2021 $6,535 $187,100 $61,000 $126,100
2020 $5,862 $187,100 $61,000 $126,100
2019 $5,735 $187,100 $61,000 $126,100
2018 $5,684 $187,100 $61,000 $126,100
2017 $5,542 $187,100 $61,000 $126,100
2016 $5,059 $187,100 $61,000 $126,100
2015 $6,253 $134,800 $40,500 $94,300
2014 $6,148 $134,800 $40,500 $94,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME314128

Bright MLS

APN: 03-02472-0000-00020