NOT LISTED FOR SALE

348 S Main St Phillipsburg, NJ 08865

Estimated Value: $770,343

-- Bed
-- Bath
8,500 Sq Ft
$91/Sq Ft Est. Value

Last Sold December 18, 2017

Last sale price $400,000 $47 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,689/month

152 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-minute walk to Shappell Park
  • Corner Lot

About This Home

As of December 2017

5 units in great condition w/ cen AC. Nice layouts. Easy to rent. One-3 Bed, three-2 bed, one Retail/Office 3200 SF. Gross income appx. 73K. All up to code with 12 car parking lot Very nice in all details is this 45 unit brick building with 12 car fenced parking lot, 4 spacious apartments, one large retail or office space of 3200 sf. Owner took excellent care of this building and has to relocate for work. Gross income of appx 73K Net and expense will be attached shortly. Excellent investment and a very good price. Building is recently CODE FREE. All units have their own gas heat and air conditioning and pay their own electric. Each unit has 2 car assigned parking in the parking lot and the retail has 4.

Last Agent to Sell the Property

Peter Hewitt

Keller Williams Real Estate-Clinton Listed on: 06/16/2017

Last Buyer's Agent

Peter Hewitt

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,361

Lot Details

  • 10,629

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Parking

  • Off-Street Parking
  • Assigned Parking

Schools

  • Westwood Middle School
  • Watchung Hill High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Corner Lot

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer, garbage removal, electricity
  • Assessor Parcel Number 3019-01504-0000-00001-0000-

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $74,400
  • Net Operating Income $49,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,361

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Five Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Westwood
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • SidingBrick: Yes
  • Income Expenses Gross Income2: 74400.0
  • Income Expenses Net Income: 49480.0
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, Assigned
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Westwood

Lot Info

  • Parcel #: 3019-01504-0000-00001-0000-

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Water, Sewer, Garbage Removal, Electricity

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 16361.0
  • Tax Other Annual Assessment Amount: 419300.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 74400.0

MLS Schools

  • High School: Watchung Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2025
Sold by
Gambino Josephine and Gambino Claudio
Bought by
420 Jersey St Llc
Current Estimated Value
$770,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Outstanding Balance
$629,457
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$140,886

Purchase Details

Listed on
Jun 16, 2017
Closed on
Dec 18, 2017
Sold by
Nj Equities Llc
Bought by
Gambino Claudio and Gambino Josephine
Seller's Agent
Peter Hewitt
Keller Williams Real Estate-Clinton
Buyer's Agent
Peter Hewitt
Keller Williams Realty West Monmouth
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$330,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2006
Sold by
Fette Jeffrey
Bought by
Nj Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,750
Interest Rate
6.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2004
Sold by
Grabinsky Alvin H and Grabinsky Catherine F
Bought by
Fette Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.33%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
420 Jersey St Llc $840,000 Westcor Land Title
Gambino Claudio $400,000 Kenworth Title Llc
Nj Equities Llc $765,000 Stewart Title Guaranty Co
Fette Jeffrey $219,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 420 Jersey St Llc $630,000
Previous Owner Gambino Claudio $330,000
Previous Owner Nj Equities Llc $573,750
Previous Owner Fette Jeffrey $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2017 12/18/17 Sold $400,000 -- $47 / Sq Ft
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
2025 $19,057 $419,300 $65,800 $353,500
2024 $17,594 $419,300 $65,800 $353,500
2023 $17,393 $419,300 $65,800 $353,500
2022 $17,393 $419,300 $65,800 $353,500
2021 $16,835 $419,300 $65,800 $353,500
2020 $16,948 $419,300 $65,800 $353,500
2019 $16,692 $419,300 $65,800 $353,500
2018 $16,692 $419,300 $65,800 $353,500
2017 $16,617 $419,300 $65,800 $353,500
2016 $16,361 $419,300 $65,800 $353,500
2015 $16,235 $419,300 $65,800 $353,500
2014 $15,707 $419,300 $65,800 $353,500
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Peter Hewitt

    Keller Williams Real Estate-Clinton

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21723789

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 19-01504-0000-00001

New Jersey Warren County Phillipsburg 08865

348 S Main St, Phillipsburg, NJ

This home is located at 348 S Main St, Phillipsburg, NJ 08865 since 16 June 2017 and is currently estimated at $770,343, approximately $90 per square foot. 348 S Main St is a home located in Warren County with nearby schools including Phillipsburg High School, Easton Arts Academy Elementary Cs, and Sts. Philip & James School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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