NOT LISTED FOR SALE

423 S Broadway Pitman, NJ 08071

Estimated Value: $590,153 - $613,000

-- Bed
-- Bath
3,616 Sq Ft
$166/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $475,000 $131 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,629/month

40 Days on Market

Highlights

  • Private Lot
  • Ceiling Fan
  • Property is in excellent condition
  • Workshop
  • Replacement Windows
  • Radiant Heating System

About This Home

As of April 2022

This well cared for 4 unit building , close to the heart of Pitman, is ready to go ! Each unit is metered separately, with newer mechanicals, off street parking, and long term tenants. The upstairs units are each 1 bedroom, 1 bathroom, and include a separate office space and sunroom. The lower units are spacious 2 bedroom/1 bath and include a laundry area with washer and dryer.

Last Agent to Sell the Property

Robert Bailey

Excel Realty & Property Management License #1120103 Listed on: 01/08/2022

Last Buyer's Agent

Robert Bailey

Excel Realty & Property Management License #1120103 Listed on: 01/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,979

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x145.00
  • No Through Street
  • Private Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Block Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,616 Sq Ft Home
  • Ceiling Fan
  • Replacement Windows

Unfinished Basement

  • Walk-Up Access
  • Workshop

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Lot

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 15-00057-00004

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,979

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property.
  • Home Warranty: No
  • Inclusions: All lease agreements and Security Deposits. All existing appliances in As Is condition; 4 refrigerators, 2 washers, 2 dryers
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This well cared for 4 unit building , close to the heart of Pitman, is ready to go ! Each unit is metered separately, with newer mechanicals, off street parking, and long term tenants. The upstairs units are each 1 bedroom, 1 bathroom, and include a separate office space and sunroom. The lower units are spacious 2 bedroom/1 bath and include a laundry area with washer and dryer.
  • Special Features: None

Interior Features

  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Stairs, Workshop
  • Total Sq Ft: 3616
  • Living Area Sq Ft: 3616
  • Price Per Sq Ft: 145.19
  • Above Grade Finished Sq Ft: 3616
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 423

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Roof: Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: PITMAN BORO PUBLIC SCHOOLS
  • School District Key: 300200396141
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 209900.00
  • Land Assessed Value: 35000.00
  • Lot Features: No Thru Street, Private
  • Lot Size Acres: 0.16
  • Lot Dimensions: 50 x145.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1

Tax Info

  • Assessor Parcel Number: 2024327
  • Tax Annual Amount: 10979.00
  • Assessor Parcel Number: 15-00057-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 3616
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/25/2022

MLS Schools

  • School District Name: PITMAN BORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2020
Sold by
Sprengle Eric Charles
Bought by
Sprengle Eric Charles and Pierce Diana L
Current Estimated Value
$647,422

Purchase Details

Closed on
Feb 24, 2005
Sold by
Sprengle Eric C and Sprengle Cynthia R
Bought by
Sprengle Eric C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.95%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Sprengle Eric Charles -- None Available
Sprengle Eric C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sprengle Eric Charles $150,000
Closed Sprengle Eric C $120,000
Closed Sprengle Eric C $75,000
Closed Sprengle Eric C $168,000
Closed Sprengle Eric C $168,000
Closed Sprengle Eric C $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2022 04/25/22 Sold $475,000 -9.5% $131 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
01/08/2022 01/08/22 For Sale $525,000 -- $145 / 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 $13,002 $382,300 $41,800 $340,500
2023 $13,002 $382,300 $41,800 $340,500
2022 $12,490 $382,300 $41,800 $340,500
2021 $10,979 $244,900 $35,000 $209,900
2020 $10,849 $244,900 $35,000 $209,900
2019 $10,594 $244,900 $35,000 $209,900
2018 $10,416 $244,900 $35,000 $209,900
2017 $10,286 $244,900 $35,000 $209,900
2016 $10,087 $244,900 $35,000 $209,900
2015 $9,816 $244,900 $35,000 $209,900
2014 $9,514 $244,900 $35,000 $209,900
Source: Public Records

Agents Affiliated with this Home

  • Robert Bailey

    Seller's Agent in 2022

    Robert Bailey

    Excel Realty & Property Management

    (856) 430-1381

    1 in this area

    89 Total Sales

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Map

Source: Bright MLS

MLS Number: NJGL2009222

Bright MLS

APN: 15-00057-0000-00004

New Jersey Gloucester County Pitman 08071

423 S Broadway, Pitman, NJ

This home is located at 423 S Broadway, Pitman, NJ 08071 since 08 January 2022 and is currently estimated at $600,038, approximately $165 per square foot. This property was built in 1900. 423 S Broadway is a home located in Gloucester County with nearby schools including Elwood Kindle School, Pitman Middle School, and Pitman High School.

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