NOT LISTED FOR SALE

488 Chestnut Ave Trenton, NJ 08611

Chambersburg Neighborhood

Estimated Value: $202,487 - $230,000

-- Bed
-- Bath
1,653 Sq Ft
$134/Sq Ft Est. Value

Last Sold December 08, 2016

Last sale price $27,000 $16 Per Sq Ft

Est. 719% increase in value since last sale

Current estimated payment $1,533/month

477 Days on Market

Highlights

  • No HOA
  • Heating System Uses Gas
  • 2-minute walk to Columbus Park

About This Home

As of December 2016

Calling all serious investors. Great two apartment investment property. Rents presented are the properties potential. Property is in good condition but needs some cosmetic work.. This is an AS IS sale and the buyer is responsible for all inspections (Including CO inspection). Subject to short sale approval. Commission is subject to back approval.

Last Agent to Sell the Property

Mark Cohen

(609) 529-9606 marktherealtor1@gmail.com Ashton Realty Listed on: 04/15/2015

Last Buyer's Agent

SALLY FRANKLIN

(609) 947-0975 sfranklincb@msn.com BHHS Fox & Roach Hopewell Valley License #NJ-0015033

BHHS Fox & Roach Hopewell Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 1,606 Sq Ft Lot
  • Lot Dimensions are 17x96

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,653 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 11-15101-00011

Community Details

Overview

  • No Home Owners Association
  • Chambersburg Subdivision

Building Details

  • Operating Expense $3,944

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1653
  • Living Area Sq Ft: 1653
  • Price Per Sq Ft: 30.25
  • Above Grade Finished Sq Ft: 1653
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • 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

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • 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

Lot Info

  • Improvement Assessed Value: 51100.00
  • Land Assessed Value: 17700.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 17X96
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1606.00
  • Zoning: B009

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2158962
  • Tax Annual Amount: 3958.00
  • Assessor Parcel Number: 11-15101-00011
  • Tax Lot: 00011
  • Tax Year: 2016

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2022
Sold by
John Sprovieri
Bought by
Sprovieri John and Franklin Peter
Current Estimated Value
$221,122

Purchase Details

Listed on
Apr 15, 2015
Closed on
Dec 8, 2016
Sold by
Johnson David Troy
Bought by
Sprovieri John
Seller's Agent
Mark Cohen
Ashton Realty
Buyer's Agent
SALLY FRANKLIN
BHHS Fox & Roach Hopewell Valley
List Price
$50,000
Sold Price
$27,000
Premium/Discount to List
-$23,000
-46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.16%

Purchase Details

Closed on
Oct 31, 2006
Sold by
Morales Janet
Bought by
Johnson David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,800
Interest Rate
6.4%

Purchase Details

Closed on
Jul 10, 1998
Sold by
Harlicka Elizabeth
Bought by
Morales Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,204
Interest Rate
6.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sprovieri John -- Emerald Title
Sprovieri John -- Emerald Title
Sprovieri John $27,000 Old Republic Natl Title Ins
Johnson David $141,000 --
Morales Janet $49,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson David $112,800
Previous Owner Morales Janet $50,204
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2016 12/08/16 Sold $27,000 -46.0% $16 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
04/15/2015 04/15/15 For Sale $50,000 -- $30 / 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 $4,449 $76,700 $11,000 $65,700
2024 $4,270 $76,700 $11,000 $65,700
2023 $4,270 $76,700 $11,000 $65,700
2022 $4,186 $76,700 $11,000 $65,700
2021 $4,259 $76,700 $11,000 $65,700
2020 $4,245 $76,700 $11,000 $65,700
2019 $4,177 $76,700 $11,000 $65,700
2018 $3,998 $76,700 $11,000 $65,700
2017 $3,800 $76,700 $11,000 $65,700
2016 $3,958 $68,800 $17,700 $51,100
2015 $3,944 $68,800 $17,700 $51,100
2014 $3,926 $68,800 $17,700 $51,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark Cohen

    Ashton Realty

    (609) 529-9606

    4 Total Sales

    Mark Cohen
    Section Image
  • SALLY FRANKLIN

    Buyer's Agent in 2016

    SALLY FRANKLIN

    BHHS Fox & Roach

    (609) 947-0975

    1 in this area

    7 Total Sales

    SALLY FRANKLIN
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002575812

Bright MLS

APN: 11-15101-0000-00011

New Jersey Mercer County Trenton 08611 Chambersburg

488 Chestnut Ave, Trenton, NJ

Not Listed for Sale

MultiFamily

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