$520,000
SOLD OCT 31, 2024 RENTED DEC 1, 2024

397 Rector St Perth Amboy, NJ 08861

State Street Neighborhood
-- Bed
-- Bath
1,600 Sq Ft
4,892 Sq Ft Lot

Recently Sold

$325 Per Sq Ft

6% Above List Price

109 Days on Market

Highlights

  • Private Yard
  • Baseboard Heating
  • 3-minute walk to Thomas Mundy Peterson Park

About This Home

As of October 2024

Charming 2-family house for sale in Perth Amboy, NJ, offering a fantastic opportunity whether you want to live in one unit and rent the other unit. This well-maintained property features two bedrooms on each floor, providing comfortable living spaces for both units. Each floor is equipped with a well-appointed bathroom, ensuring convenience and privacy. The first floor boasts a welcoming formal living room, creating a cozy atmosphere for relaxation and entertaining. The eat-in kitchen is perfect for family meals and gatherings, providing a practical and functional space for culinary activities. The property includes a basement with convenient laundry facilities, adding to the overall convenience for the occupants. Take advantage of long driveway that fits 6+ cars While the existing structure holds value, the true potential lies in the land.

Last Agent to Sell the Property

Lim Bances

LIM BANCES REALTY LLC Listed on: 03/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,009

Year Built

  • Built in 1909

Lot Details

  • 4,892 Sq Ft Lot
  • Lot Dimensions are 137.00 x 61.00
  • Private Yard

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property

Basement

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Community Details

Overview

  • Incl Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,009

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1123
  • Lot Size: 137.00 x 61.00
  • Ownership: Fee Simple
  • Subdivision Name: Incl
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1909
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Storage Space, Interior Entry, Laundry Facilities
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks)
  • Living Area: 1600
  • Stories: 2

Exterior Features

  • Lot Features: See Remarks
  • Exterior Features: Sidewalk, Yard
  • Roof: See Remarks

Garage/Parking

  • Parking Features: 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 4892
  • Zoning: S-2A

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 8009
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Sep 1, 2024
Sold by
Lopez Martin and Lopez Maria
Bought by
Lopez Abreu Margarita
Seller's Agent
Lim Bances
LIM BANCES REALTY LLC
List Price
$490,000
Sold Price
$520,000
Premium/Discount to List
$30,000
6.12%
Views
146
Current Estimated Value
$494,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,507
Avg. Annual Appreciation
-6.75%
Original Mortgage
$502,645
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1995
Sold by
Ciuffo Lottie
Bought by
Lopez Martin and Lopez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.81%
Mortgage Type
FHA
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 Type Sale Price Title Company
Deed $520,000 Westcor Land Title
Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $502,645 New Conventional
Previous Owner $89,000 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2024 12/01/24 Rented $2,000 0.0% --
11/21/2024 11/21/24 Price Changed $2,000 -9.1% $1 / Sq Ft
11/12/2024 11/12/24 Price Changed $2,200 +10.0% $1 / Sq Ft
11/05/2024 11/05/24 For Rent $2,000 0.0% --
10/31/2024 10/31/24 Sold $520,000 +6.1% $325 / Sq Ft
03/13/2024 03/13/24 For Sale $490,000 -- $306 / Sq Ft
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
2024 $8,106 $269,200 $121,600 $147,600
2023 $8,106 $269,200 $121,600 $147,600
2022 $8,009 $269,200 $121,600 $147,600
2021 $8,019 $269,200 $121,600 $147,600
2020 $8,017 $269,200 $121,600 $147,600
2019 $8,046 $269,200 $121,600 $147,600
2018 $7,976 $269,200 $121,600 $147,600
2017 $7,960 $269,200 $121,600 $147,600
2016 $7,753 $269,200 $121,600 $147,600
2015 $7,807 $269,200 $121,600 $147,600
2014 $7,855 $269,200 $121,600 $147,600
Source: Public Records

Agents Affiliated with this Home

  • a

    Seller's Agent in 2024

    angies hernandez

    KELLER WILLIAMS WEST MONMOUTH

    (848) 203-7474

    1 in this area

    38 Total Sales

    angies hernandez
    Section Image
  • Lim Bances

    Seller's Agent in 2024

    Lim Bances

    LIM BANCES REALTY LLC

    (908) 242-2892

    1 in this area

    94 Total Sales

    Lim Bances
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2409027R

All Jersey MLS

APN: 16-00139-0000-00012

New Jersey Middlesex County Perth Amboy 08861 State Street

397 Rector St, Perth Amboy, NJ

This home is located at 397 Rector St, Perth Amboy, NJ 08861 and is currently priced at $520,000, approximately $325 per square foot. This property was built in 1909. 397 Rector St is a home located in Middlesex County with nearby schools including Perth Amboy High School, Academy for Urban Leadership Charter School, and Perth Amboy Catholic Primary School.

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