NOT LISTED FOR SALE

363 Concord Ave Ewing, NJ 08618

Glendale Neighborhood

Estimated Value: $385,000 - $559,000

-- Bed
-- Bath
2,688 Sq Ft
$179/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $703,000 $262 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $3,080/month

31 Days on Market

Highlights

  • Colonial Architecture
  • Walk-Up Access
  • Radiator
  • No HOA

About This Home

As of July 2021

Offered as a buddle including 363 and 365 Concord Ave Ewing NJ. This offering includes two separately deeded detached masonry buildings totaling 8 apartments combined. Each building includes 2-one bedroom units and 2-two bedroom units. Each has off-street parking and each has an unfinished basement. There are coin operated laundry machines on site. Fully occupied with excellent payment performance. Several long term tenants. The buildings will not be sold separately. Property tour available only after and subject to purchase agreement. Photos are of a couple of apartments prior to occupancy. All units are occupied.

Last Agent to Sell the Property

David Depaola

David DePaola and Company Real Estate License #RM425333 Listed on: 01/16/2021

Last Buyer's Agent

Carla Campanella

RE/MAX Tri County

RE/MAX Tri County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,071

Year Built

  • Built in 1938

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 54.00 x 100.00

Parking

  • Driveway

Home Design

  • 2,688 Sq Ft Home
  • Quadruplex
  • Colonial Architecture

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, insurance, lawn/shrub care, management, sewer, snow removal, real estate taxes, water, common area maintenance
  • Tax Lot 00007
  • Assessor Parcel Number 02-00311-00007

Community Details

Overview

  • No Home Owners Association

Building Details

  • Income includes apartment rentals, laundry
  • Operating Expense $38,290
  • Net Operating Income $46,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,071

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property.
  • Inclusions: Existing appliances and fixtures
  • New Construction: No
  • Year Built: 1938
  • Automatically Close On Close Date: No
  • Remarks Public: Offered as a buddle including 363 and 365 Concord Ave Ewing NJ. This offering includes two separately deeded detached masonry buildings totaling 8 apartments combined. Each building includes 2-one bedroom units and 2-two bedroom units. Each has off-street parking and each has an unfinished basement. There are coin operated laundry machines on site. Fully occupied with excellent payment performance. Several long term tenants. The buildings will not be sold separately. Property tour available only after and subject to purchase agreement. Photos are of a couple of apartments prior to occupancy. All units are occupied.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Walkout Stairs, Unfinished, Full
  • Total Sq Ft: 2688
  • Living Area Sq Ft: 2688
  • Price Per Sq Ft: 275.26
  • Above Grade Finished Sq Ft: 2688
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 363

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: EWING TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396170
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 100800.00
  • Land Assessed Value: 45800.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: 54.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5400.00
  • Year Assessed: 2020
  • Zoning: R-2

Rental Info

  • Owner Pays: Heat, Insurance, Lawn/Shrub Care, Management, Sewer, Snow Removal, Taxes - Real Estate, Water, Common Area Maintenance
  • Total Actual Rent: 85119.60
  • Vacation Rental: No

Multi Family

  • Gross Income: 85119.60
  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 38290.00

Tax Info

  • Assessor Parcel Number: 2078806
  • Tax Annual Amount: 5071.00
  • Assessor Parcel Number: 02-00311-00007
  • Tax Lot: 00007
  • Tax Total Finished Sq Ft: 2688
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/08/2021

MLS Schools

  • School District Name: EWING TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Jul 1, 2021
Sold by
363 Concord Avenue Llc
Bought by
Fernandez Gimbert and Fernandez Carmen
Seller's Agent
David Depaola
David DePaola and Company Real Estate
Buyer's Agent
Carla Campanella
RE/MAX Tri County
List Price
$739,900
Sold Price
$703,000
Premium/Discount to List
-$36,900
-4.99%
Current Estimated Value
$482,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$220,639
Avg. Annual Appreciation
-8.78%
Original Mortgage
$263,625
Outstanding Balance
$241,975
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$240,386

Purchase Details

Closed on
Sep 12, 2011
Sold by
Magee Alicia
Bought by
363 Concord Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.33%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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
Fernandez Gimbert $351,500 Title Authority Llc
363 Concord Avenue Llc $177,500 Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Gimbert $263,625
Previous Owner 363 Concord Avenue Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $703,000 -5.0% $262 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $739,900 -- $275 / 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
2024 $5,420 $146,600 $45,800 $100,800
2023 $5,420 $146,600 $45,800 $100,800
2022 $5,273 $146,600 $45,800 $100,800
2021 $5,144 $146,600 $45,800 $100,800
2020 $5,071 $146,600 $45,800 $100,800
2019 $4,939 $146,600 $45,800 $100,800
2018 $5,625 $106,500 $31,200 $75,300
2017 $5,756 $106,500 $31,200 $75,300
2016 $5,679 $106,500 $31,200 $75,300
2015 $5,603 $106,500 $31,200 $75,300
2014 $5,588 $106,500 $31,200 $75,300
Source: Public Records

Agents Affiliated with this Home

  • David Depaola

    Seller's Agent in 2021

    David Depaola

    David DePaola and Company Real Estate

    (609) 731-0581

    5 in this area

    133 Total Sales

    Section Image
  • Carla Campanella

    Buyer's Agent in 2021

    Carla Campanella

    RE/MAX

    (609) 915-6114

    1 in this area

    111 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJME306824

Bright MLS

APN: 02-00311-0000-00007

New Jersey Mercer County Ewing 08618 Glendale

363 Concord Ave, Ewing, NJ

This home is located at 363 Concord Ave, Ewing, NJ 08618 since 16 January 2021 and is currently estimated at $482,361, approximately $179 per square foot. This property was built in 1938. 363 Concord Ave is a home located in Mercer County with nearby schools including Ewing High School and Trenton Stem-To-Civics Charter School.

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