NOT LISTED FOR SALE

460 N Delsea Dr Unit 462 Clayton, NJ 08312

Estimated Value: $270,000 - $373,000

-- Bed
-- Bath
2,664 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $130,000 $49 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $2,254/month

19 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Ceiling Fan
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Hot Water Heating System

About This Home

As of January 2016

Calling all investors!! Check out this Large side by side Duplex!! Three bedrooms on the one side and four bedrooms on the other. Spacious layout in each with a full living room, dining room and kitchen. Each unit also has their own basement and attic access. Washer and dryer hookup in both units, PLUS each side pays their own water and sewer! Big Plus!!! Detached garage in the back, divided in two for each unit OR rent them out for even more moolah!!! Lots of newer big ticket items within the past 5 years folks! Two gas heaters, two gas water heaters, roof, new kitchen in one side and one new bath in the other. The three bedroom is currently rented to a long term tenant (10 years!) for $1218 per month and is Sec 8 approved. The four bedroom is rented way below market value for $1050 per month and had been Sec 8 prior to this tenant. You do the math!! This is a Cash Cow!! Tenants already in place and hoping to stay. Congratulations!! You've just hit the Jack Pot!!!

Last Agent to Sell the Property

Marcy Ireland

Home and Heart Realty Listed on: 12/03/2015

Home and Heart Realty

Last Buyer's Agent

Peter Paul McEvoy

BHHS Fox & Roach-Mullica Hill South

BHHS Fox & Roach-Mullica Hill South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,295

Year Built

  • Built in 1890

Lot Details

  • 9,490 Sq Ft Lot
  • Lot Dimensions are 65x146
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,664 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Schools

  • Herma Simmons Elementary School
  • Clayton Middle School
  • Clayton High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $6,295

Listing and Financial Details

  • Tax Lot 00014
  • Assessor Parcel Number 01-01404-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,295

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Refrigerators, Washers, Dryers, Tenant's Personal Property
  • Inclusions: Range
  • New Construction: No
  • Storage: Basement
  • Year Built: 1890
  • Remarks Public: Calling all investors!! Check out this Large side by side Duplex!! Three bedrooms on the one side and four bedrooms on the other. Spacious layout in each with a full living room, dining room and kitchen. Each unit also has their own basement and attic access. Washer and dryer hookup in both units, PLUS each side pays their own water and sewer! Big Plus!!! Detached garage in the back, divided in two for each unit OR rent them out for even more moolah!!! Lots of newer big ticket items within the past 5 years folks! Two gas heaters, two gas water heaters, roof, new kitchen in one side and one new bath in the other. The three bedroom is currently rented to a long term tenant (10 years!) for $1218 per month and is Sec 8 approved. The four bedroom is rented way below market value for $1050 per month and had been Sec 8 prior to this tenant. You do the math!! This is a Cash Cow!! Tenants already in place and hoping to stay. Congratulations!! You've just hit the Jack Pot!!!
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 2664
  • Living Area Sq Ft: 2664
  • Price Per Sq Ft: 50.64
  • Above Grade Finished Sq Ft: 2664
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 460

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Detached Garage

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: CLAYTON PUBLIC SCHOOLS
  • Elementary School: HERMA SIMMONS
  • Middle School: CLAYTON
  • High School: CLAYTON
  • School District Key: 300200397412
  • Elementary School: HERMA SIMMONS
  • High School: CLAYTON
  • Middle Or Junior School: CLAYTON

Lot Info

  • Improvement Assessed Value: 154400.00
  • Land Assessed Value: 19500.00
  • Lot Size Acres: 0.22
  • Lot Dimensions: 65X146
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9490.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 27216.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1958270
  • Tax Annual Amount: 6295.00
  • Assessor Parcel Number: 01-01404-00014
  • Tax Lot: 00014
  • Tax Year: 2015
  • Close Date: 01/29/2016

MLS Schools

  • School District Name: CLAYTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2015
Closed on
Jan 29, 2016
Sold by
Palulies Jeffrey A
Bought by
Vallaster Paul G
Seller's Agent
Marcy Ireland
Home and Heart Realty
Buyer's Agent
Peter Paul McEvoy
BHHS Fox & Roach-Mullica Hill South
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Current Estimated Value
$308,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,204
Avg. Annual Appreciation
8.93%
Original Mortgage
$97,500
Outstanding Balance
$78,822
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$216,156

Purchase Details

Closed on
Feb 17, 2010
Sold by
Colosi Anthony
Bought by
Pallies Jeffrey A

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
5.11%
Mortgage Type
New Conventional
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
Vallaster Paul G $130,000 Homestead Title Agency
Pallies Jeffrey A $180,000 Homestead Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vallaster Paul G $97,500
Previous Owner Pallies Jeffrey A $120,000
Previous Owner Colosi Anthony R $94,940
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2016 01/29/16 Sold $130,000 -3.6% $49 / Sq Ft
12/22/2015 12/22/15 Pending -- -- --
12/03/2015 12/03/15 For Sale $134,900 -- $51 / 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 $6,900 $278,800 $45,400 $233,400
2024 $5,577 $278,800 $45,400 $233,400
2023 $5,577 $138,000 $19,500 $118,500
2022 $5,516 $138,000 $19,500 $118,500
2021 $5,450 $138,000 $19,500 $118,500
2020 $5,461 $138,000 $19,500 $118,500
2019 $5,368 $138,000 $19,500 $118,500
2018 $5,292 $138,000 $19,500 $118,500
2017 $5,203 $138,000 $19,500 $118,500
2016 $6,486 $173,900 $19,500 $154,400
2015 $6,295 $173,900 $19,500 $154,400
2014 $6,076 $173,900 $19,500 $154,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002746638

Bright MLS

APN: 01-01404-0000-00014