$40,000
SOLD JUL 17, 2018

398 Wheat Rd Vineland, NJ 08360

2 Beds
2 Baths
980 Sq Ft
0.6 Acres

Recently Sold

$41 Per Sq Ft

43% Below List Price

126 Days on Market

Highlights

  • Wood Burning Stove
  • Eat-In Kitchen
  • Bungalow
  • No HOA
  • Living Room
  • En-Suite Primary Bedroom

About This Home

As of October 2019

Price Reduced. Cute bungalow featuring 2 bedrooms and 2 bathrooms on over half an acre of land, plus a detached garage. The possible uses are endless for the bonus room. Disclosures/ Repairs - Disclosures: State law requires Smoke/Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity. Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to floodtools. com for additional information regarding flood zones and insurance. Repairs: Repair damaged electrical at basement ceiling. Repair rotted wood frame. Repair damaged attic pull down steps. Defective paint repairs needed. Repair damaged HVAC system. Commission: Listing Broker 3% of purchase price. Selling Broker up to 3% of purchase price. Year Built: 1935. LBP. IE HUD Home. Sold "AS IS" by elec. bid only. Prop avail 5-15-18. Bids due daily by 11:59 PM Central Time until sold. FHA Case #351-589460. Insured w Escrow Rpr. TBD. Eligible for FHA 203K. For Prop conditions, Forms, Discl & Avail please visit HUDHomestore. com. For additional forms, updates, step-by-step videos & free photo list, please visit BLBResources. com. BLB Resources makes no warranty as to condition of property. Buyer to verify all info. Finance Terms: FHA, Cash, and Conventional. See attached Addendum.

Last Agent to Sell the Property

Stephanie Verderose

Exit Homestead Realty Professi License #8737276 Listed on: 02/08/2018

Exit Homestead Realty Professi

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 0.6 Acre Lot

Home Design

  • Bungalow
  • Wood Siding

Interior Spaces

  • 980 Sq Ft Home
  • Property has 1 Level
  • Wood Burning Stove
  • Living Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Basement

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

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Oil
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 04-00172-00005

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1935
  • Remarks Public: Price Reduced. Cute bungalow featuring 2 bedrooms and 2 bathrooms on over half an acre of land, plus a detached garage. The possible uses are endless for the bonus room. Disclosures/ Repairs - Disclosures: State law requires Smoke/Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity. Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to floodtools. com for additional information regarding flood zones and insurance. Repairs: Repair damaged electrical at basement ceiling. Repair rotted wood frame. Repair damaged attic pull down steps. Defective paint repairs needed. Repair damaged HVAC system. Commission: Listing Broker 3% of purchase price. Selling Broker up to 3% of purchase price. Year Built: 1935. LBP. IE HUD Home. Sold "AS IS" by elec. bid only. Prop avail 5-15-18. Bids due daily by 11:59 PM Central Time until sold. FHA Case #351-589460. Insured w Escrow Rpr. TBD. Eligible for FHA 203K. For Prop conditions, Forms, Discl & Avail please visit HUDHomestore. com. For additional forms, updates, step-by-step videos & free photo list, please visit BLBResources. com. BLB Resources makes no warranty as to condition of property. Buyer to verify all info. Finance Terms: FHA, Cash, and Conventional. See attached Addendum.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Primary Bedroom, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Living Area Units: Square Feet
  • Total Sq Ft: 980
  • Living Area Sq Ft: 980
  • Net Sq Ft: 980.00
  • Price Per Sq Ft: 52.07
  • Above Grade Finished Sq Ft: 980
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 398

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil, Wood
  • Heating Type: Oil, Wood Burn Stove
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: BUENA REGIONAL SCHOOLS
  • School District Key: 300200396908

Lot Info

  • Improvement Assessed Value: 61500.00
  • Land Assessed Value: 63500.00
  • Lot Size Acres: 0.60
  • Lot Dimensions: 000000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 26136.00
  • Property Attached Yn: No
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3320547
  • Tax Annual Amount: 6076.00
  • Assessor Parcel Number: 04-00172-00005
  • Tax Lot: 00005
  • Tax Year: 2017
  • Close Date: 07/17/2018

MLS Schools

  • School District Name: BUENA REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Oct 30, 2019
Sold by
Coffin Shelia
Bought by
Cain Jessica Ann
Seller's Agent
SANDY HESSER
COLLINI REAL ESTATE, LLC
Buyer's Agent
Michelle Urgo
COLDWELL BANKER EXCEL REALTY
List Price
$85,000
Sold Price
$85,000
Current Estimated Value
$217,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,583
Avg. Annual Appreciation
17.89%
Original Mortgage
$83,400
Outstanding Balance
$73,899
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$143,684

Purchase Details

Listed on
Feb 8, 2018
Closed on
Jul 15, 2018
Sold by
The Secretary Of Housing And Urban Devel
Bought by
Coffin Shelia
Seller's Agent
Stephanie Verderose
Exit Homestead Realty Professi
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$70,000
Sold Price
$40,000
Premium/Discount to List
-$30,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.38%

Purchase Details

Closed on
Jan 17, 2018
Sold by
Bank Of America Na
Bought by
Secretary Of Hud

Purchase Details

Closed on
Oct 3, 2017
Sold by
Rock Dean
Bought by
Bank Of America Na

Purchase Details

Closed on
Jul 31, 1995
Sold by
Haugen Robert A and Haugen Deborah B
Bought by
Rock Dean and Rock Cheryl
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 Type Sale Price Title Company
Deed $85,000 None Available
Special Warranty Deed $40,000 Surety Title Co
Deed -- None Available
Sheriffs Deed $1,000 None Available
Deed $74,500 Landis Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,646 FHA
Closed $6,143 FHA
Open $12,518 FHA
Open $83,400 FHA
Previous Owner $150,591 FHA
Previous Owner $151,658 FHA
Previous Owner $114,695 FHA
Previous Owner $105,400 Unknown
Previous Owner $83,600 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2019 10/30/19 Sold $85,000 0.0% $88 / Sq Ft
09/21/2019 09/21/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $85,000 +112.5% $88 / Sq Ft
07/17/2018 07/17/18 Sold $40,000 -21.6% $41 / Sq Ft
06/14/2018 06/14/18 Pending -- -- --
05/16/2018 05/16/18 Price Changed $51,030 -10.0% $52 / Sq Ft
04/16/2018 04/16/18 Price Changed $56,700 -10.0% $58 / Sq Ft
03/15/2018 03/15/18 Price Changed $63,000 -10.0% $64 / Sq Ft
02/08/2018 02/08/18 For Sale $70,000 -- $71 / 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 $4,300 $125,000 $63,500 $61,500
2023 $4,193 $125,000 $63,500 $61,500
2022 $4,193 $125,000 $63,500 $61,500
2021 $4,006 $125,000 $63,500 $61,500
2020 $4,144 $125,000 $63,500 $61,500
2019 $4,073 $125,000 $63,500 $61,500
2018 $4,066 $125,000 $63,500 $61,500
2017 $4,018 $125,000 $63,500 $61,500
2016 $3,815 $125,000 $63,500 $61,500
2015 $3,659 $125,000 $63,500 $61,500
2014 $3,499 $125,000 $63,500 $61,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000132902

Bright MLS

APN: 04-00172-0000-00005