NOT LISTED FOR SALE

425 Morgan Ave Palmyra, NJ 08065

Estimated Value: $437,000 - $449,134

5 Beds
3 Baths
2,779 Sq Ft
$159/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $277,500 $100 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,201/month

Highlights

  • Victorian Architecture
  • 4-minute walk to Palmyra
  • More Than Two Accessible Exits
  • No HOA
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

CALLING ALL INVESTORS!! Don't miss your opportunity to check out this one of kind property located on a large corner lot. This enchanting Victorian duplex comprises of two units. As you enter the larger 3-bedroom unit walk up the staircase to the second floor into the large living room, dining room, charming kitchen, and full bath. Off the living room is a huge room currently used as a master bedroom. The laundry room completes this level. Continue up the stairs to the third floor finding another generous master bedroom with a full master bathroom. The additional bedroom also has a small adjacent room for extra space. The first-floor level has high ceilings with plenty of light. The unit has been freshly painted with new wall to wall carpeting throughout. There is a spacious living room, dining room and kitchen. There are two bedrooms and an updated bathroom. The laundry room for this unit is in the large basement ideal for storage.

Last Agent to Sell the Property

Joy Hartman

(856) 214-2639 123jhart@comcast.net Compass New Jersey, LLC - Moorestown Listed on: 11/10/2020

Compass New Jersey, LLC - Moorestown

Co-Listed By

Joseph McColgan

(609) 314-9862 joemccolgan33@gmail.com Coldwell Banker Realty

Last Buyer's Agent

Joy Hartman

(856) 214-2639 123jhart@comcast.net Compass New Jersey, LLC - Moorestown Listed on: 11/10/2020

Compass New Jersey, LLC - Moorestown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,712

Year Built

  • Built in 1940

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100.00 x 150.00
  • Property is in good condition
  • Zoning described as Duplex

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,779 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

Schools

  • Palmyra High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Public Septic
  • Phone Available
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Playground

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00007
  • Assessor Parcel Number 27-00088-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,712

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Victorian
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: CALLING ALL INVESTORS!! Don't miss your opportunity to check out this one of kind property located on a large corner lot. This enchanting Victorian duplex comprises of two units. As you enter the larger 3-bedroom unit walk up the staircase to the second floor into the large living room, dining room, charming kitchen, and full bath. Off the living room is a huge room currently used as a master bedroom. The laundry room completes this level. Continue up the stairs to the third floor finding another generous master bedroom with a full master bathroom. The additional bedroom also has a small adjacent room for extra space. The first-floor level has high ceilings with plenty of light. The unit has been freshly painted with new wall to wall carpeting throughout. There is a spacious living room, dining room and kitchen. There are two bedrooms and an updated bathroom. The laundry room for this unit is in the large basement ideal for storage.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Outside Entrance, Poured Concrete
  • Total Sq Ft: 2779
  • Living Area Sq Ft: 2779
  • Price Per Sq Ft: 100.76
  • Above Grade Finished Sq Ft: 2779
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 425

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Play Area, Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

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

Schools

  • School District: PALMYRA BOROUGH PUBLIC SCHOOLS
  • High School: PALMYRA H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396966
  • School District Source: Listing Agent
  • High School: PALMYRA H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 162500.00
  • Land Assessed Value: 80000.00
  • Lot Size Acres: 0.34
  • Lot Dimensions: 100.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15000.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • Zoning Description: Duplex

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 1714405
  • Tax Annual Amount: 9712.00
  • Assessor Parcel Number: 27-00088-00007
  • Tax Lot: 00007
  • Tax Total Finished Sq Ft: 2779
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/30/2020

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2020
Closed on
Jan 6, 2021
Sold by
Mcknight Markques Y and Mcknight Shalice D
Bought by
Solin Matthew J
Seller's Agent
Joy Hartman
Compass New Jersey, LLC - Moorestown
Buyer's Agent
Joy Hartman
Compass New Jersey, LLC - Moorestown
List Price
$280,000
Sold Price
$277,500
Premium/Discount to List
-$2,500
-0.89%
Current Estimated Value
$440,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,284
Avg. Annual Appreciation
10.30%
Original Mortgage
$222,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2011
Sold by
Ogozalek Mary
Bought by
Mcknight Markques Y and Mcknight Shalice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,028
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 2007
Sold by
Estate Of Vivian D Morgan
Bought by
Ogozalek Mary
Source: Public Records

Range of Values:

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Average Value
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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
Solin Matthew J $277,500 Surety Title Company Llc
Solin Matthew J $277,500 Surety Title
Mcknight Markques Y $275,000 Integrity Title Agency Inc
Ogozalek Mary -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solin Matthew J $222,000
Previous Owner Mcknight Markques Y $30,000
Previous Owner Mcknight Markques Y $263,741
Previous Owner Mcknight Markques Y $268,028
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 For Sale $280,000 +0.9% $101 / Sq Ft
12/30/2020 12/30/20 Sold $277,500 -0.9% $100 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $280,000 0.0% $101 / Sq Ft
11/01/2018 11/01/18 Rented $1,600 0.0% --
07/06/2018 07/06/18 For Rent $1,600 +33.3% --
08/15/2016 08/15/16 Rented $1,200 0.0% --
08/12/2016 08/12/16 Under Contract -- -- --
07/18/2016 07/18/16 For Rent $1,200 -22.6% --
01/29/2016 01/29/16 Rented $1,550 0.0% --
01/21/2016 01/21/16 Under Contract -- -- --
01/05/2016 01/05/16 For Rent $1,550 +8.8% --
11/28/2014 11/28/14 Rented $1,425 +18.8% --
11/03/2014 11/03/14 Under Contract -- -- --
10/01/2014 10/01/14 Rented $1,200 -22.6% --
09/05/2014 09/05/14 Under Contract -- -- --
08/15/2014 08/15/14 For Rent $1,550 +29.2% --
06/10/2014 06/10/14 For Rent $1,200 +2.1% --
06/28/2013 06/28/13 Rented $1,175 -2.1% --
06/28/2013 06/28/13 Under Contract -- -- --
06/11/2013 06/11/13 For Rent $1,200 -- --
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 $10,486 $242,500 $80,000 $162,500
2024 $10,267 $242,500 $80,000 $162,500
2023 $10,267 $242,500 $80,000 $162,500
2022 $10,025 $242,500 $80,000 $162,500
2021 $9,676 $242,500 $80,000 $162,500
2020 $9,712 $242,500 $80,000 $162,500
2019 $9,407 $242,500 $80,000 $162,500
2018 $9,273 $242,500 $80,000 $162,500
2017 $9,154 $242,500 $80,000 $162,500
2016 $8,975 $242,500 $80,000 $162,500
2015 $8,846 $242,500 $80,000 $162,500
2014 $8,456 $242,500 $80,000 $162,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL385830

Bright MLS

APN: 27-00088-0000-00007