NOT LISTED FOR SALE

Estimated Value: $139,000 - $191,000

3 Beds
1 Bath
1,326 Sq Ft
$127/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $121,900 $92 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,224/month

33 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Dining Room
  • Attic
  • Sitting Room
  • Hot Water Heating System

About This Home

As of August 2023

Welcome to 397 Main St in Cedarville NJ. An exceptional investment property opportunity. Situated in a charming neighborhood, this home offers immense potential. It features a large floor plan including an enclosed front porch. spacious dining & living room, kitchen with plenty of storage space, three bedrooms, one bathroom, a walk up attic and full basement. Much of home features recent updates such as bedroom flooring/walls, bathroom and more. Outside, the large lot features a fenced in back yard, workshop/garage with attached large bonus room/sun room. Property is being sold strictly "AS IS" with buyer being responsible for all due diligence, inspections and certifications, including CO.

Last Agent to Sell the Property

Jill Santandrea

(856) 207-0018 Jill@exitrealtydefined.com EXIT Realty Defined License #1327694 Listed on: 06/21/2023

EXIT Realty Defined

Last Buyer's Agent

Amanda Taffe

(856) 974-0767 atafferealestate@gmail.com Tealestate LLC License #2322197

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,079

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Property is zoned VMU

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,326 Sq Ft Home
  • Property has 2 Levels
  • Sitting Room
  • Living Room
  • Dining Room
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

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

Utilities

  • Hot Water Heating System
  • Well
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • "None" Subdivision

Listing and Financial Details

  • Tax Lot 00032
  • Assessor Parcel Number 08-00199-00032

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,079

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Personal property.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Attic, Dining Area
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Sitting Room, Kitchen, Basement, Attic
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Basement
  • Total Sq Ft: 1326
  • Living Area Sq Ft: 1326
  • Price Per Sq Ft: 86.73
  • Above Grade Finished Sq Ft: 1326
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Zoning: VMU

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4079.00
  • Assessor Parcel Number: 08-00199-00032
  • Tax Lot: 00032
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: LAWRENCE TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Aug 25, 2023
Sold by
Malki Habib
Bought by
Lee Jim H and Farney-Murphy Desiree N
Seller's Agent
Jill Santandrea
EXIT Realty Defined
Buyer's Agent
Amanda Taffe
Tealestate LLC
List Price
$115,000
Sold Price
$121,900
Premium/Discount to List
$6,900
6%
Views
123
Current Estimated Value
$168,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,023
Avg. Annual Appreciation
15.24%
Original Mortgage
$119,691
Outstanding Balance
$116,810
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$52,113

Purchase Details

Listed on
Jun 21, 2023
Closed on
Aug 22, 2023
Sold by
Griner Ruth A and Ewan Joseph
Bought by
Malki Habib
Seller's Agent
Jill Santandrea
EXIT Realty Defined
Buyer's Agent
Amanda Taffe
Tealestate LLC
List Price
$115,000
Sold Price
$121,900
Premium/Discount to List
$6,900
6%
Views
123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,691
Outstanding Balance
$116,810
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$52,113

Purchase Details

Listed on
Nov 24, 2022
Closed on
Feb 21, 2023
Sold by
Federal Housing Commissioner
Bought by
Malki Habib
Seller's Agent
Timothy Kerr
Real Broker, LLC
Buyer's Agent
William Johnson
Own Real Estate
List Price
$70,000
Sold Price
$76,101
Premium/Discount to List
$6,101
8.72%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
151.89%

Purchase Details

Closed on
Sep 29, 2022
Sold by
Carrington Mortgage Services Llc
Bought by
Secretary Of Housing And Urban Development

Purchase Details

Closed on
Oct 18, 2021
Sold by
Cumberland County Bank
Bought by
Carrington Mtg Services Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Jim H $121,900 Landis Title
Lee Jim H $121,900 Landis Title
Malki Habib -- Landis Title
Malki Habib -- Landis Title
Malki Habib $76,101 Collegiate Title
Secretary Of Housing And Urban Development -- None Listed On Document
Carrington Mtg Services Llc $247,933 None Listed On Document
Carrington Mtg Services Llc $247,933 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jim H $119,691
Closed Lee Jim H $119,691
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2023 08/25/23 Sold $121,900 +6.0% $92 / Sq Ft
06/21/2023 06/21/23 For Sale $115,000 +51.1% $87 / Sq Ft
02/21/2023 02/21/23 Sold $76,101 +8.7% $57 / Sq Ft View Prior Sale
01/09/2023 01/09/23 Pending -- -- --
12/27/2022 12/27/22 For Sale $70,000 0.0% $53 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
11/24/2022 11/24/22 For Sale $70,000 -- $53 / 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 $4,035 $138,800 $23,300 $115,500
2024 $4,035 $138,800 $23,300 $115,500
2023 $4,025 $138,800 $23,300 $115,500
2022 $4,079 $138,800 $23,300 $115,500
2021 $4,061 $138,800 $23,300 $115,500
2020 $4,004 $138,800 $23,300 $115,500
2019 $3,907 $138,800 $23,300 $115,500
2018 $3,742 $138,800 $23,300 $115,500
2017 $3,522 $137,400 $23,300 $114,100
2016 $3,364 $137,400 $23,300 $114,100
2015 $3,256 $137,400 $23,300 $114,100
2014 $3,122 $137,400 $23,300 $114,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB2011816

Bright MLS

APN: 08-00199-0000-00032