NOT LISTED FOR SALE

453 W Broad St Unit 455 Paulsboro, NJ 08066

Estimated Value: $261,000 - $390,000

-- Bed
-- Bath
2,560 Sq Ft
$124/Sq Ft Est. Value

Last Sold September 17, 2019

Last sale price $155,000 $61 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,261/month

Highlights

  • No HOA
  • Forced Air Heating System
  • Front Yard
  • Interior Lot
  • Wall to Wall Carpet

About This Home

As of September 2019

This quad-plex is located in the heart of Paulsboro and offers four(4) two(2) bedroom, one bathroom apartments. The building brings in an average of approximately $3400 per month in rental income when fully occupied. It is an excellent investment opportunity with each unit having separate gas and electric meters with tenants paying their own gas and electric bills. There are 2 units on the ground floor and the other 2 on the second floor. Each unit features 2 bedrooms, 1 full bathroom, a kitchen, and living room.The basement is large and unfinished. There is also a large parking lot behind the building for tenants off street parking. Schedule a showing today!

Last Agent to Sell the Property

Bryan Vurgason

(856) 685-1690 bryanvurgason@gmail.com Keller Williams Realty - Cherry Hill Listed on: 05/13/2019

Keller Williams Realty - Cherry Hill

Last Buyer's Agent

Brian Belko

(856) 905-8929 Brian.Belko@foxroach.com BHHS Fox & Roach-Washington-Gloucester License #8644513

BHHS Fox & Roach-Washington-Gloucester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,080

Year Built

  • Built in 1936

Lot Details

  • 9,350 Sq Ft Lot
  • Lot Dimensions are 50.00 x 187.00
  • Interior Lot
  • Level Lot
  • Front Yard

Home Design

  • Quadruplex
  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,560 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Built-In Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, water, sewer
  • Tax Lot 00024
  • Assessor Parcel Number 14-00090-00024

Community Details

Overview

  • No Home Owners Association
  • 2-Story Building

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,080

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants' personal belongings.
  • Historic: No
  • Home Warranty: No
  • Inclusions: All existing Refrigerators(4) & gas range/oven(4) in AS-IS condition.
  • New Construction: No
  • Year Built: 1936
  • Remarks Public: This quad-plex is located in the heart of Paulsboro and offers four(4) two(2) bedroom, one bathroom apartments. The building brings in an average of approximately $3400 per month in rental income when fully occupied. It is an excellent investment opportunity with each unit having separate gas and electric meters with tenants paying their own gas and electric bills. There are 2 units on the ground floor and the other 2 on the second floor. Each unit features 2 bedrooms, 1 full bathroom, a kitchen, and living room.The basement is large and unfinished. There is also a large parking lot behind the building for tenants off street parking. Schedule a showing today!
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Refrigerator
  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Carpet
  • Fireplace: No
  • Room Count: 16
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2560
  • Living Area Sq Ft: 2560
  • Price Per Sq Ft: 72.23
  • Above Grade Finished Sq Ft: 2560
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 453

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, 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: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: PAULSBORO PUBLIC SCHOOLS
  • School District Key: 300200397138
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 141800.00
  • Land Assessed Value: 16500.00
  • Lot Features: Interior, Front Yard, Level
  • Lot Size Acres: 0.21
  • Lot Dimensions: 50.00 x 187.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9350.00
  • Year Assessed: 2018
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Insurance, Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 40800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2
  • Income Includes: Apartment Rentals

Tax Info

  • Assessor Parcel Number: 2022705
  • Tax Annual Amount: 6080.00
  • Assessor Parcel Number: 14-00090-00024
  • Tax Lot: 00024
  • Tax Total Finished Sq Ft: 2560
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 09/17/2019

MLS Schools

  • School District Name: PAULSBORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2021
Sold by
Scott Damion
Bought by
Fire Properties I Llc
Current Estimated Value
$317,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Outstanding Balance
$159,797
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$157,258

Purchase Details

Listed on
May 13, 2019
Closed on
Aug 21, 2019
Sold by
453 455 West Broad Llc
Bought by
Scott Damion
Seller's Agent
Bryan Vurgason
Keller Williams Realty - Cherry Hill
Buyer's Agent
Brian Belko
BHHS Fox & Roach-Washington-Gloucester
List Price
$184,900
Sold Price
$155,000
Premium/Discount to List
-$29,900
-16.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.51%

Purchase Details

Closed on
Feb 24, 2015
Sold by
Dewitt Bruce and Dewitt Carol
Bought by
453-455 West Broad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2004
Sold by
Gilbert Brian G and Gilbert Ruth M
Bought by
Dewitt Bruce and Dewitt Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2001
Sold by
Scafide David and Scafide Robert
Bought by
Gilbert Brian G and Gilbert Ruth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
9%
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
Fire Properties I Llc $220,000 Chicago Title Insurance Co
Fire Properties I Llc $220,000 Chicago Title
Scott Damion $155,000 Foundation Title Llc
453-455 West Broad Llc $163,000 Attorney
Dewitt Bruce $160,000 Homestead Title Agency Via E
Gilbert Brian G $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fire Properties I Llc $176,000
Closed Fire Properties I Llc $176,000
Previous Owner 453-455 West Broad Llc $133,000
Previous Owner Dewitt Bruce $120,000
Previous Owner Gilbert Brian G $130,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2019 09/17/19 Sold $155,000 -16.2% $61 / Sq Ft
06/29/2019 06/29/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $184,900 -- $72 / 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 $6,965 $158,300 $16,500 $141,800
2024 $6,959 $158,300 $16,500 $141,800
2023 $6,959 $158,300 $16,500 $141,800
2022 $6,832 $158,300 $16,500 $141,800
2021 $6,699 $158,300 $16,500 $141,800
2020 $6,658 $158,300 $16,500 $141,800
2019 $6,449 $158,300 $16,500 $141,800
2018 $6,080 $158,300 $16,500 $141,800
2017 $6,055 $158,300 $16,500 $141,800
2016 $5,768 $158,300 $16,500 $141,800
2015 $5,735 $158,300 $16,500 $141,800
2014 $5,433 $161,300 $18,200 $143,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL240840

Bright MLS

APN: 14-00090-0000-00024