NOT LISTED FOR SALE

418 Elbo Ln Mount Laurel, NJ 08054

Estimated Value: $462,000 - $598,000

-- Bed
-- Bath
2,400 Sq Ft
$227/Sq Ft Est. Value

Last Sold January 19, 2016

Last sale price $273,750 $114 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,595/month

Highlights

  • 3 Acre Lot
  • No HOA
  • Baseboard Heating
  • Lenape High School Rated A-
  • En-Suite Primary Bedroom
  • Wall to Wall Carpet

About This Home

As of January 2016

Triplex, 22 years young, modular construction, each unit identical 2BR/1BA. All situated on 3 acres of ground. Annual income of $37,740 with total expenses only $10,656. Net Operating Income is $27,084. Septic system is well maintained each year. Public water. Units all 100% electric. OR consider rebuilding/redevelopment opportunities on prime 3 acres of ground. 100% leased, all tenants current, Lots of off street parking. Bucolic setting, property is nicely set back from Elbo Lane. Seller says sell now.

Last Agent to Sell the Property

DAVID BURNS

DavidBurns@KW.com Keller Williams Realty - Cherry Hill Listed on: 05/24/2015

Last Buyer's Agent

Jessica Li

(215) 990-2089 yunli22003@gmail.com BY Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,349

Year Built

  • Built in 1992

Lot Details

  • 3 Acre Lot
  • Property is in good condition

Home Design

  • 2,400 Sq Ft Home
  • Triplex
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Mount Laurel Hartford Middle School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater
  • On Site Septic
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 24-00803 07-00009

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,581
  • Maintenance Expense $500
  • Other Expense $900
  • Operating Expense $10,657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,349

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 900.00
  • Year Built: 1992
  • Remarks Public: Triplex, 22 years young, modular construction, each unit identical 2BR/1BA. All situated on 3 acres of ground. Annual income of $37,740 with total expenses only $10,656. Net Operating Income is $27,084. Septic system is well maintained each year. Public water. Units all 100% electric. OR consider rebuilding/redevelopment opportunities on prime 3 acres of ground. 100% leased, all tenants current, Lots of off street parking. Bucolic setting, property is nicely set back from Elbo Lane. Seller says sell now.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: No
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 118.75
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 418

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Pitched, Shingle
  • 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: 8
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 400.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: MOUNT LAUREL TOWNSHIP PUBLIC SCHOOLS
  • Middle School: MOUNT LAUREL HARTFORD SCHOOL
  • School District Key: 300200396964
  • Middle Or Junior School: MOUNT LAUREL HARTFORD SCHOOL

Lot Info

  • Improvement Assessed Value: 166600.00
  • Land Assessed Value: 104300.00
  • Lot Size Acres: 3.00
  • Lot Dimensions: 0 X 0
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 130680.00
  • Property Condition: Good
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 37740.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1702791
  • Tax Annual Amount: 7349.00
  • Assessor Parcel Number: 24-00803 07-00009
  • Tax Lot: 00009
  • Tax Year: 2015
  • Close Date: 01/19/2016

MLS Schools

  • School District Name: MOUNT LAUREL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2023
Sold by
Chen Yan Jing
Bought by
Wan Wan Chen Llc
Current Estimated Value
$545,782

Purchase Details

Listed on
May 24, 2015
Closed on
Jan 25, 2016
Sold by
Porbin Saul
Bought by
Chen Yan Jing
Seller's Agent
DAVID BURNS
Keller Williams Realty - Cherry Hill
Buyer's Agent
Jessica Li
BY Real Estate
List Price
$285,000
Sold Price
$273,750
Premium/Discount to List
-$11,250
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$191,500
Interest Rate
3.98%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 27, 2012
Sold by
Porbin Saul and Porbin Ronny
Bought by
Porbin Saul
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Wan Wan Chen Llc $300,000 None Listed On Document
Wan Wan Chen Llc $300,000 None Listed On Document
Chen Yan Jing $273,750 Attorney
Porbin Saul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Yan Jing $191,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2016 01/19/16 Sold $273,750 -3.9% $114 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
05/24/2015 05/24/15 For Sale $285,000 -- $119 / 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 $8,552 $270,900 $104,300 $166,600
2024 $8,230 $270,900 $104,300 $166,600
2023 $8,230 $270,900 $104,300 $166,600
2022 $8,203 $270,900 $104,300 $166,600
2021 $7,972 $270,900 $104,300 $166,600
2020 $7,891 $270,900 $104,300 $166,600
2019 $7,810 $270,900 $104,300 $166,600
2018 $7,750 $270,900 $104,300 $166,600
2017 $7,550 $270,900 $104,300 $166,600
2016 $7,436 $270,900 $104,300 $166,600
2015 $7,350 $270,900 $104,300 $166,600
2014 $7,276 $270,900 $104,300 $166,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    DAVID BURNS

    Keller Williams Realty - Cherry Hill

  • J

    Buyer's Agent in 2016

    Jessica Li

    BY Real Estate

    (215) 990-2089

    1 in this area

    31 Total Sales

    Jessica Li
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002610068

Bright MLS

APN: 24-00803-07-00009

New Jersey Burlington County Mount Laurel 08054

418 Elbo Ln, Mount Laurel, NJ

This home is located at 418 Elbo Ln, Mount Laurel, NJ 08054 since 24 May 2015 and is currently estimated at $545,782, approximately $227 per square foot. This property was built in 1992. 418 Elbo Ln is a home located in Burlington County with nearby schools including Springville School, T.E. Harrington Middle School, and Mount Laurel Hartford School.

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