NOT LISTED FOR SALE
Studio
-- Bath
4,704 Sq Ft
6,909 Sq Ft Lot

Sale Details

Date Sold: May 26, 2017

Last sale price $190,000 $40 Per Sq Ft

77 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Beverly/Edgewater Park
  • 3-minute walk to City of Beverly Playground
  • Hot Water Heating System

About This Home

As of May 2017

BANK OWNED! Investment property with huge potential. Asset being managed by Professional Property Management & Maintenance Company since Oct 2016. Building now under control after foreclosure and ready for an As-Is sale. 7 total units total with three stable occupied units on new leases signed and the other four units cleared and empty for rehab. Rents are estimated except for Units 1,3 and 4. Property is under some construction for mechanicals and exterior maintenance. Common water for the building with separate electric meters, water heaters and furnaces for each units. Entire building inspected and being maintained. Buyer will be responsible for all the inspection and certifications for purchase. Tons of business potential for this property. Keep the existing management company for turn-key investment. All expenses are estimated.

Last Agent to Sell the Property

David Gorham

(856) 547-7447 info@njrealtysolutions.com Realty Solutions LLC License #229201 Listed on: 02/08/2017

Co-Listed By

Andrew Gleaner

(856) 547-7447 info@njrealtysolutions.com Realty Solutions LLC

Last Buyer's Agent

MONIQUE MAZUR-HOFFMAN

monique@njrealtysolutions.com Realty Solutions LLC License #TREND:60066647

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,199

Year Built

  • Built in 1910

Lot Details

  • 6,909 Sq Ft Lot
  • Lot Dimensions are 47x147

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,704 Sq Ft Home
  • Unfinished Basement
  • Partial Basement

Schools

  • Charles Street Middle School
  • Palmyra High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 100 Amp Service
  • 60 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00008
  • Assessor Parcel Number 02-01168-00008

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $500
  • Insurance Expense $3,000
  • Maintenance Expense $3,500
  • Other Expense $500
  • Operating Expense $19,951

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,199

Year Built

Built in 1910

Lot Details

6,909 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant Personal Belongings
  • Inclusions: Three (3) Refrigerators, Three (3) Ovens
  • New Construction: No
  • Other Expense: 500.00
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 4704
  • Living Area Sq Ft: 4704
  • Price Per Sq Ft: 57.19
  • Above Grade Finished Sq Ft: 4704
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 500.00
  • Central Air Conditioning: No
  • Electric Expense: 500.00
  • Electric Service: 60 Amp Service, 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3752.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: PALMYRA
  • Middle Or Junior School: CHARLES STREET SCHOOL

Lot Info

  • Improvement Assessed Value: 157700.00
  • Land Assessed Value: 27000.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 47X147
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6909.00
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 49560.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 1597289
  • Tax Annual Amount: 8199.00
  • Assessor Parcel Number: 02-01168-00008
  • Tax Lot: 00008
  • Tax Year: 2016

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
0.0708%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 8, 2017
Closed on
May 26, 2017
Sold by
Bought by
Seller's Agent
David Gorham
Realty Solutions LLC
Buyer's Agent
MONIQUE MAZUR-HOFFMAN
Realty Solutions LLC
List Price
$300,000
Sold Price
$190,000
Premium/Discount to List
-$110,000
-36.67%

Purchase Details

Closed on
Jun 7, 2016
Sold by
Bought by

Purchase Details

Closed on
Jul 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
0.0673%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$200,000 Chicago Title Co Llc
-- First Amer Title Ins Co Phil
$400,000 Premier Abstract & Title Age
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $48,000
Previous Owner $200,000
Previous Owner $310,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold $190,000 -29.4% $40 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
03/20/2017 03/20/17 Price Changed $269,000 -10.3% $57 / Sq Ft
02/08/2017 02/08/17 For Sale $300,000 -- $64 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,382 $240,000 $27,000 $213,000
2025 $12,382 $240,000 $27,000 $213,000
2024 $9,217 $240,000 $27,000 $213,000
2023 $9,217 $184,700 $27,000 $157,700
2022 $9,331 $184,700 $27,000 $157,700
2021 $9,104 $184,700 $27,000 $157,700
2020 $8,855 $184,700 $27,000 $157,700
2019 $8,625 $184,700 $27,000 $157,700
2018 $8,419 $184,700 $27,000 $157,700
2017 $8,315 $184,700 $27,000 $157,700
2016 $8,199 $184,700 $27,000 $157,700
2015 $8,106 $184,700 $27,000 $157,700
2014 $7,728 $184,700 $27,000 $157,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000070508

Bright MLS

APN: 02 01168-0000-00008

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