NOT LISTED FOR SALE

Estimated Value: $267,000 - $335,000

-- Bed
-- Bath
1,512 Sq Ft
$199/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $190,000 $126 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,060/month

Highlights

  • No HOA
  • Central Heating
  • Property is in excellent condition
  • Level Entry For Accessibility

About This Home

As of January 2022

Investment opportunity!! Located in the heart of Deptford Township, just minutes from the Deptford Mall and major highways. The entire exterior was just replaced within the 6 months. The roof was completed in February 2021, while the siding, windows and back door were completed in May 2021. The carpet in the master bed in the front unit was also replaced within the last few months. Oven range in the front unit was replaced in November 2020. Both units are rented and bring in $1750/month between the 2. The front unit (which is 2 bed, 1 bath) collects $1,000.00/month, while the back unit (1 bed, 1 bath) collects $750.00/month. The tenants have been living at the property for many years with no intentions of moving out. They always pay on time, and maintain the property really well. The landlord pays for sewer/water and taxes. The tenants pay for everything else. Take advantage of this rare, well-maintained investment property. Feel free to reach out with any questions!

Last Agent to Sell the Property

Tre Todd

Better Homes and Gardens Real Estate Maturo License #2080584 Listed on: 08/16/2021

Better Homes and Gardens Real Estate Maturo

Last Buyer's Agent

Alfred Marter

AM Realty Advisors LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,792

Year Built

  • Built in 1960 | Remodeled in 2021

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00
  • Property is in excellent condition

Home Design

  • 1,512 Sq Ft Home
  • Duplex
  • Back-to-Back Home
  • Frame Construction
  • Shingle Roof

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Accessible Home Design

  • Level Entry For Accessibility

Schools

  • Deptford Township High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, water
  • Tax Lot 00014
  • Assessor Parcel Number 02-00177-00014

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1-Story Building

Building Details

  • Gross Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,792

Year Built

Built in 1960 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Back-To-Back
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Tenants own both sheds in backyard
  • New Construction: No
  • Expected On Market: 2021-08-18
  • Year Built: 1960
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room Count: 9
  • Basement: No
  • Total Sq Ft: 1512
  • Living Area Sq Ft: 1512
  • Price Per Sq Ft: 132.27
  • Above Grade Finished Sq Ft: 1512
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 48

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: DEPTFORD TOWNSHIP PUBLIC SCHOOLS
  • High School: DEPTFORD TOWNSHIP H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396132
  • School District Source: Listing Agent
  • High School: DEPTFORD TOWNSHIP H.S.

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Property Condition: Very Good, Excellent
  • Year Assessed: 2021
  • Zoning: RES

Rental Info

  • Owner Pays: Taxes - Real Estate, Water
  • Units Furnished: All
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Scheduled Income: 21000.00

Tax Info

  • Tax Annual Amount: 4792.00
  • Assessor Parcel Number: 02-00177-00014
  • Tax Lot: 00014
  • Tax Total Finished Sq Ft: 1512
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 01/12/2022

MLS Schools

  • School District Name: DEPTFORD TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Jan 11, 2022
Sold by
Diamond Rentals Llc
Bought by
48 Airline Avenue Llc
Seller's Agent
Tre Todd
Better Homes and Gardens Real Estate Maturo
Buyer's Agent
Alfred Marter
AM Realty Advisors LLC
List Price
$205,000
Sold Price
$190,000
Premium/Discount to List
-$15,000
-7.32%
Current Estimated Value
$301,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,166
Avg. Annual Appreciation
12.12%
Original Mortgage
$152,000
Outstanding Balance
$141,689
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$147,773

Purchase Details

Closed on
Oct 14, 2020
Sold by
Lucas Maria
Bought by
Diamond Rentals Llc

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
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2004
Sold by
Smith George U
Bought by
Lucas Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,050
Interest Rate
5.4%
Mortgage Type
Purchase Money Mortgage
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
48 Airline Avenue Llc $190,000 Wollman David A
Diamond Rentals Llc $100,000 None Available
Lucas Maria $124,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 48 Airline Avenue Llc $152,000
Previous Owner Diamond Rentals Llc $127,500
Previous Owner Diamond Rentals Llc $120,000
Previous Owner Lucas Maria $112,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2022 01/12/22 Sold $190,000 -5.0% $126 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/03/2021 09/03/21 Price Changed $199,999 -2.4% $132 / Sq Ft
08/16/2021 08/16/21 For Sale $205,000 -- $136 / 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 $5,467 $152,500 $36,100 $116,400
2024 $5,292 $152,500 $36,100 $116,400
2023 $5,292 $152,500 $36,100 $116,400
2022 $4,861 $141,100 $36,100 $105,000
2021 $4,792 $141,100 $36,100 $105,000
2020 $4,737 $141,100 $36,100 $105,000
2019 $4,646 $141,100 $36,100 $105,000
2018 $4,542 $141,100 $36,100 $105,000
2017 $4,421 $141,100 $36,100 $105,000
2016 $4,330 $141,100 $36,100 $105,000
2015 $4,196 $141,100 $36,100 $105,000
2014 $4,088 $141,100 $36,100 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2003228

Bright MLS

APN: 02-00177-0000-00014