$625,000
SOLD DEC 6, 2024

38 Lee St Port Reading, NJ 07064

-- Bed
-- Bath
1,713 Sq Ft
6,351 Sq Ft Lot

Recently Sold

$365 Per Sq Ft

19% Above List Price

2 Days on Market

Highlights

  • 1 Car Detached Garage
  • Air Conditioning
  • Hot Water Baseboard Heater
  • Interior Lot

About This Home

As of December 2024

This beautifully updated two-family home is ideal for investors or homeowners seeking additional rental income. The second-floor unit features 1 bedroom, 1 bath and has been completely renovated with all-new windows. The first-floor unit offers 2 bedrooms, 1 bath and a versatile sunroom/flex space. Both units boast stainless steel appliances, quartz countertops, refinished hardwood floors throughout, and luxury vinyl flooring in the kitchens. The home also features all-new windows in the basement, a brand new roof on both the house and the detached garage, offering long-term durability. Enjoy the large fenced-in yard and a massive unfinished basement with ample potential for expansion or storage. Conveniently located just minutes from the NJ Turnpike with a bus stop at the corner for easy city access, this property is a commuter's dream.

Last Agent to Sell the Property

Diana Boyle

SIGNATURE REALTY NJ Listed on: 10/19/2024

SIGNATURE REALTY NJ

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,529

Year Built

  • Built in 1950

Lot Details

  • 6,351 Sq Ft Lot
  • Lot Dimensions are 127.00 x 50.00
  • Interior Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,713 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Location

  • Borders State Land

Utilities

  • Air Conditioning
  • Radiator
  • Hot Water Baseboard Heater
  • Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks)

Community Details

Overview

  • Project Bowtie Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,529

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1458
  • Lot Size: 127.00 x 50.00
  • Ownership: Fee Simple
  • Subdivision Name: Project Bowtie
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1950
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Electric), Water Heater
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks)
  • Has Basement: Full, Laundry Facilities
  • Interior Amenities: Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room), Unit 2(1 Bedroom,Kitchen,1 Bath,Living Room)
  • Living Area: 1713
  • Stories: 2

Exterior Features

  • Lot Features: Backs to Park Land, Interior Lot
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage, Detached, See Remarks

Utilities

  • Gas Company: Natural Gas
  • Cooling: Ceiling Fan(s),A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit)
  • Heating: Baseboard Hotwater, Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 6351
  • Zoning: R-6

Tax Info

  • Tax Annual Amount: 10529
  • Tax Year: 2023

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2024
Closed on
Dec 2, 2024
Sold by
Rua Maria F and Rua Daniel
Bought by
Fonseca Santiago and Pino Melissa Brochero
Seller's Agent
Diana Boyle
SIGNATURE REALTY NJ
List Price
$524,999
Sold Price
$625,000
Premium/Discount to List
$100,001
19.05%
Views
17
Current Estimated Value
$619,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,794
Avg. Annual Appreciation
-1.12%
Original Mortgage
$613,679
Outstanding Balance
$608,899
Interest Rate
6.84%
Mortgage Type
FHA
Estimated Equity
$10,307

Purchase Details

Listed on
Mar 10, 2014
Closed on
Mar 7, 2014
Sold by
Devorak William J and Devorak Victoria Ann
Bought by
Rua Maria F
Buyer's Agent
NORMA LIMA
C-21 SEMIAO & ASSOCIATES
Sold Price
$284,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%

Purchase Details

Closed on
Oct 30, 1997
Sold by
Schatz Joseph
Bought by
Devorak William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
7.23%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $625,000 Leo Fortis Title
Deed $625,000 Leo Fortis Title
Deed $625,000 Leo Fortis Title
Deed $284,000 Multiple
Deed $147,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $613,679 FHA
Closed $613,679 FHA
Previous Owner $97,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2024 12/06/24 Sold $625,000 +19.0% $365 / Sq Ft
10/19/2024 10/19/24 For Sale $524,999 +84.9% $306 / Sq Ft
03/10/2014 03/10/14 Sold $284,000 -- -- View Prior Sale
Source: All Jersey 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 $10,845 $81,400 $15,700 $65,700
2024 $10,529 $81,400 $15,700 $65,700
2023 $10,529 $81,400 $15,700 $65,700
2022 $10,269 $81,400 $15,700 $65,700
2021 $9,855 $81,400 $15,700 $65,700
2020 $9,526 $81,400 $15,700 $65,700
2019 $9,255 $81,400 $15,700 $65,700
2018 $9,068 $81,400 $15,700 $65,700
2017 $8,886 $81,400 $15,700 $65,700
2016 $8,797 $81,400 $15,700 $65,700
2015 $8,118 $76,700 $15,700 $61,000
2014 $7,909 $76,700 $15,700 $61,000
Source: Public Records

Agents Affiliated with this Home

  • Diana Boyle

    Seller's Agent in 2024

    Diana Boyle

    SIGNATURE REALTY NJ

    (610) 304-4482

    1 in this area

    7 Total Sales

    Diana Boyle
    Section Image

  • N

    Buyer's Agent in 2014

    NORMA LIMA

    C-21 SEMIAO & ASSOCIATES

See All Agents

Map

Source: All Jersey MLS

MLS Number: 2504875R

All Jersey MLS

APN: 25-00648-01-00006

New Jersey Middlesex County Port Reading 07064

38 Lee St, Port Reading, NJ

This home is located at 38 Lee St, Port Reading, NJ 07064 and is currently priced at $625,000, approximately $364 per square foot. This property was built in 1950. 38 Lee St is a home located in Middlesex County with nearby schools including Matthew Jago Elementary School, Avenel Middle School, and Woodbridge High School.

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