NOT LISTED FOR SALE

332 W 2nd St Bound Brook, NJ 08805

Estimated Value: $542,000 - $771,000

5 Beds
2.5 Baths
2,540 Sq Ft
$264/Sq Ft Est. Value

Last Sold February 25, 2019

Last sale price $390,000 $154 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,672/month

6 Days on Market

Highlights

  • 0.23 Acre Lot
  • Wood Flooring
  • Recessed Lighting
  • Deck
  • Thermal Windows
  • Zoned Heating and Cooling

About This Home

As of February 2019

5 BED/2.5 BATH TWO FAMILY MULTI IN BOUND BROOK!! Great investment opportunity! This 2 family house in Bound Brook was completely remodeled in 2018 and is fully rented! Unit A has 3 bedrooms and 1.5 baths on the first floor with access to the full basement. Unit B the 2 floor unit has 2 bedrooms and 1 bath with a family room in the finished attic. Keep this property as a pure income producer or live in one unit while renting the other, the choice is yours! 8.36% CAP rate! Close to RT 287 for an easy commute to anywhere! DON'T MISS OUT ON THIS TURNKEY PROPERTY AND LET THE CHECKS START ROLLING STRAIGHT INTO YOUR BANK ACCOUNT!! CALL TODAY TO SCHEDULE YOUR SHOWING!!

Last Agent to Sell the Property

Nancy Leavitt

Keller Williams Realty Monmouth/Ocean Listed on: 12/27/2018

Last Buyer's Agent

Nancy Leavitt

Keller Williams Realty East Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,018

Year Built

  • Built in 1924

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50 x 200
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,540 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Thermal Windows
  • Insulated Doors
  • Walkup Attic

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Parking Spaces
  • No Garage
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Bound Brook High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, water, snow removal, heat, gas, electricity
  • The owner pays for yard maintenance, garbage removal
  • Assessor Parcel Number 04-00029-0000-00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,018

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Fenced Area, Level
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Attic - Walk Up, Cable TV, Recessed Lighting
  • New Construction: No
  • Year Built: 1924
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 200
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • Exterior Thermal Window: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Interior Attic - Walk Up: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 AC Unit: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Basement Tenant Storage: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Exterior Insulated Doors2: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 3
  • Full Basement: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.23
  • Waterfront: No
  • Exterior Features: Deck, Fence, Thermal Window, Insulated Doors, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, On Street, None, Assigned
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Paved2: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 200
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-00029-0000-00018
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Snow Removal, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Garbage Removal

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8018.0
  • Tax Other Annual Assessment Amount: 240500.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Bound Brook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2018
Closed on
Mar 20, 2019
Sold by
Jbj Porperties Llc
Bought by
Qian Shugeng and Zhao Tingting
Seller's Agent
Nancy Leavitt
Keller Williams Realty Monmouth/Ocean
Buyer's Agent
Nancy Leavitt
Keller Williams Realty East Monmouth
Sold Price
$390,000
Total Days on Market
6
Current Estimated Value
$670,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,225
Avg. Annual Appreciation
8.97%
Original Mortgage
$292,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2017
Closed on
May 19, 2017
Sold by
Santander Bank Na
Bought by
Jbj Properties Llc
Seller's Agent
Brian Graham
COLDWELL BANKER REALTY
Buyer's Agent
WILLIAM GAZI
WEICHERT REALTORS
List Price
$256,100
Sold Price
$200,000
Premium/Discount to List
-$56,100
-21.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.83%

Purchase Details

Closed on
Sep 30, 2015
Sold by
Temoche Elmer S
Bought by
Santander Bank Na and Sovereign Bank Na

Purchase Details

Closed on
Apr 25, 2003
Sold by
Paiano Clemente
Bought by
Temoche Elmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,900
Interest Rate
5.82%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Kelley Mary
Bought by
Temoche Elmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,100
Interest Rate
6.7%

Purchase Details

Closed on
Oct 31, 2000
Sold by
Hud
Bought by
Kelley Mary and Kelley Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,684
Interest Rate
7.81%

Purchase Details

Closed on
Feb 25, 1994
Sold by
Bow Edward
Bought by
Wohar George and Wohar Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.93%
Source: Public Records

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Range of Values:

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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
Qian Shugeng $390,000 Chicago Title Insurance Co
Jbj Properties Llc $200,000 Fidelity Natl Title Ins Co
Santander Bank Na $1,161 Attorney
Temoche Elmer $249,900 --
Temoche Elmer $233,800 --
Kelley Mary $165,855 --
Wohar George $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Tingting $374,500
Closed Zhao Tingting $295,000
Closed Qian Shugeng $292,500
Previous Owner Temoche Elmer S $333,000
Previous Owner Temoche Elmer $224,900
Previous Owner Temoche Elmer $222,100
Previous Owner Kelley Mary $132,684
Previous Owner Wohar George $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2019 02/25/19 Sold $390,000 0.0% --
02/25/2019 02/25/19 Sold $390,000 -6.0% $154 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
10/12/2018 10/12/18 For Sale $415,000 +107.5% --
05/19/2017 05/19/17 Sold $200,000 -21.9% --
04/26/2017 04/26/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $256,100 -- --
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 $13,378 $589,600 $210,900 $378,700
2023 $13,243 $561,600 $191,900 $369,700
2022 $13,057 $524,800 $172,900 $351,900
2021 $12,700 $451,300 $115,900 $335,400
2020 $12,336 $399,600 $92,200 $307,400
2019 $12,744 $393,700 $82,700 $311,000
2018 $8,018 $240,500 $73,200 $167,300
2017 $9,278 $272,000 $73,200 $198,800
2016 $8,827 $260,700 $39,900 $220,800
2015 $9,877 $298,300 $49,400 $248,900
2014 $9,146 $266,800 $17,900 $248,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21840207

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-00029-0000-00018