NOT LISTED FOR SALE

462 Compton Ave Perth Amboy, NJ 08861

Amboy Avenue Neighborhood

Estimated Value: $722,000 - $917,000

9 Beds
3 Baths
3,432 Sq Ft
$238/Sq Ft Est. Value

Last Sold August 05, 2023

Last sale price $725,000 $211 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,353/month

389 Days on Market

Highlights

  • Property is near public transit
  • Baseboard Heating
  • Level Lot
  • Air Conditioning

About This Home

As of August 2023

Great investment property- three- 3 bedroom "legal" apartments for all three apartments. Total monthly income for the three leases is $5018. Long term tenants (approximately 5 years for each) who would like to stay. Many upgrades to the property including a re-roof within 1 year, vinyl siding, and excellent living spaces for all three apartments. The bathrooms and kitchens have been updated (the second floor bath tub will be replaced by the current owners). The current owners and tenants have maintained the property and the apartments very well. Great location only 2 blocks from the Raritan Bay Medical Center of Perth Amboy. Great neighborhood. Close to the train and bus lines for commuters and close to shopping. The only reason the owners are selling is that they are retiring and moving. The current tenant/landlord relationship is excellent. Water and sewer is currently paid by the owners. Underground oil tank recently removed with all EPA paperwork completed.

Last Agent to Sell the Property

Stephen Bradshaw

COLDWELL BANKER REALTY Listed on: 02/03/2023

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,710

Year Built

  • Built in 1919

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • 3,432 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Baseboard Heater
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks water), unit 2 owner pays(see remarks water), unit 3 owner pays(see remarks water)

Community Details

Overview

  • 69 Bldg Lts Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,710

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0574
  • Lot Size: 25X100
  • Ownership: Fee Simple
  • Subdivision Name: 69 Bldg Lts
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1919
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator), Unit 3(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(See Remarks,Water), Unit 2 Owner Pays(See Remarks,Water), Unit 3 Owner Pays(See Remarks,Water)
  • Has Basement: Full
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Interior Amenities: Unit 1(1 Bath,3 Bedrooms,Kitchen,Living Room), Unit 2(1 Bath,3 Bedrooms,Kitchen,Living Room), Unit 3(1 Bath,3 Bedrooms,Kitchen,Living Room)
  • Living Area: 3432
  • Stories: 3

Exterior Features

  • Lot Features: Level, Near Public Transit, Near Train
  • Roof: Flat

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Wall Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit), Unit 3(A/C Unit)
  • Heating: Baseboard, Baseboard Hotwater, Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2500
  • Zoning: R-25

Tax Info

  • Tax Annual Amount: 10710
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2010
Sold by
Galamb John W and Galamb Patricia A
Bought by
Crespo Joel and Crespo Maria
Current Estimated Value
$816,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Outstanding Balance
$156,987
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$655,467

Purchase Details

Closed on
Jan 31, 2003
Sold by
Rosario Jose
Bought by
Galamb John and Galamb Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.99%
Source: Public Records

Range of Values:

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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
Crespo Joel $305,000 Trans County Title Agency L
Galamb John $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crespo Joel $228,750
Previous Owner Galamb John $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2023 08/05/23 Sold $725,000 -6.5% $211 / Sq Ft
08/02/2022 08/02/22 Price Changed $775,000 -5.5% $226 / Sq Ft
07/11/2022 07/11/22 For Sale $820,000 0.0% $239 / Sq Ft
07/07/2022 07/07/22 Price Changed $820,000 -- $239 / Sq Ft
Source: All Jersey 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 $10,840 $404,200 $96,400 $307,800
2023 $10,840 $360,000 $96,400 $263,600
2022 $10,710 $360,000 $96,400 $263,600
2021 $10,696 $360,000 $96,400 $263,600
2020 $10,721 $360,000 $96,400 $263,600
2019 $10,760 $360,000 $96,400 $263,600
2018 $10,667 $360,000 $96,400 $263,600
2017 $10,645 $360,000 $96,400 $263,600
2016 $10,368 $360,000 $96,400 $263,600
2015 $10,440 $360,000 $96,400 $263,600
2014 $10,505 $360,000 $96,400 $263,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Stephen Bradshaw

    COLDWELL BANKER REALTY

    (732) 407-2953

    1 in this area

    11 Total Sales

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Map

Source: All Jersey MLS

MLS Number: 2350036M

All Jersey MLS

APN: 16-00280-0000-00008

New Jersey Middlesex County Perth Amboy 08861 Amboy Avenue

462 Compton Ave, Perth Amboy, NJ

This home is located at 462 Compton Ave, Perth Amboy, NJ 08861 since 03 February 2023 and is currently estimated at $816,679, approximately $237 per square foot. This property was built in 1919. 462 Compton Ave is a home located in Middlesex County with nearby schools including Perth Amboy High School, Middlesex County STEM Charter School, and Academy for Urban Leadership Charter School.

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