NOT LISTED FOR SALE

4 Mechanic St Allentown, NJ 08501

Estimated Value: $404,359 - $525,000

4 Beds
2 Baths
2,000 Sq Ft
$236/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $450,000 $225 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,144/month

49 Days on Market

Highlights

  • Double-Wide Driveway
  • Air Conditioning
  • Home Security System
  • Allentown High School Rated A-
  • Patio
  • Forced Air Zoned Heating System

About This Home

As of July 2023

Investment Opportunity! Large Duplex within a short walk to downtown Allentown! This Home offers financial stability with 2 Rental Incomes. Each Unit is Approximately 1000, Sq Ft. of Living Space, 2 Beds, 1 Full Bath, Large Family Room & Eat In Kitchen. Unfinished basements have high ceilings with Laundry & can certainly be finished. Nice Wrap around porch & private rear yard. Plenty of off street parking. Well manicured lot! Invest in the future! Call for a private showing today!

Last Agent to Sell the Property

Antonio Almeida

Shire Realty Inc License #1220755 Listed on: 04/27/2023

Last Buyer's Agent

Nicholas Dinis

Keller Williams Realty West Monmouth License #2078823

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,782

Year Built

  • Built in 1988

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100 x 99
  • Level Lot

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Doors

Parking

  • 6 Parking Spaces
  • No Garage
  • Double-Wide Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Allentown Elementary School
  • Upper Freehold Reg Middle School
  • Allentown High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Forced Air Zoned Heating System
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Personal Items.
  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • The owner pays for yard maintenance, snow removal, garbage removal
  • Assessor Parcel Number 03-00021-0000-00055-02

Community Details

Overview

  • 2 Units

Recreation

  • Recreational Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,782

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1988
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 100 x 99
  • Location Middle School: Upper Freehold Reg
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • Roof Timberline: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 6.0
  • Parking Double Wide: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Cooling Single Zone Heat: Yes
  • Exterior Security System5: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.23
  • Waterfront: No
  • Exclusions: Personal Items.
  • Exterior Features: Patio, Storm Door(s), Recreation Area, Screens, Security System, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, None, Double Wide
  • Total Parking Spaces: 6.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Upper Freehold Reg

Lot Info

  • Lot Dimensions: 100 x 99
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 03-00021-0000-00055-02
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Snow Removal, Garbage Removal

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7782.0
  • Tax Other Annual Assessment Amount: 256900.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Allentown
  • High School: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jun 22, 2023
Sold by
Nigito Ann Mae
Bought by
Isis Nicholas
Seller's Agent
Antonio Almeida
Shire Realty Inc
Buyer's Agent
Nicholas Dinis
Keller Williams Realty West Monmouth
List Price
$399,000
Sold Price
$450,000
Premium/Discount to List
$51,000
12.78%
Views
327
Current Estimated Value
$476,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,377
Avg. Annual Appreciation
2.96%
Original Mortgage
$365,500
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2019
Closed on
Sep 16, 2019
Sold by
V A F Associates Llc
Bought by
Nigito Ann Mae
Seller's Agent
Angela Anthony
ERA Central Realty Group
Buyer's Agent
Antonio Almeida
Shire Realty Inc
Sold Price
$277,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.76%
Original Mortgage
$50,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 1988
Bought by
Vaf Associates
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 Buyer Sale Price Title Company
Isis Nicholas $450,000 First American Title
Nigito Ann Mae $277,500 Trident Abstract Ttl Agcy Ll
Vaf Associates $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Isis Nicholas $365,500
Previous Owner Nigito Ann Mae $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $450,000 +12.8% $225 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $399,000 +43.8% $200 / Sq Ft
10/11/2019 10/11/19 Sold $277,500 -- $289 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $7,394 $256,900 $139,000 $117,900
2023 $7,394 $256,900 $139,000 $117,900
2022 $7,774 $256,900 $139,000 $117,900
2021 $7,774 $256,900 $139,000 $117,900
2020 $7,581 $256,900 $139,000 $117,900
2019 $7,782 $256,900 $139,000 $117,900
2018 $7,825 $256,900 $139,000 $117,900
2017 $8,172 $268,100 $139,000 $129,100
2016 $8,499 $279,400 $139,000 $140,400
2015 $7,853 $277,400 $139,000 $138,400
2014 $7,759 $276,400 $139,000 $137,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22311087

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 03-00021-0000-00055-02