NOT LISTED FOR SALE

5 Mcpherson St South River, NJ 08882

Estimated Value: $410,000 - $842,000

-- Bed
-- Bath
3,036 Sq Ft
$207/Sq Ft Est. Value

Last Sold January 09, 2024

Last sale price $720,000 $237 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,178/month

71 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating System
  • Level Lot

About This Home

As of January 2024

Remarkable investment opportunity! Well-maintained 4-family, located in a commuter's delight! Rents are currently well below fair-market value; with a rental adjustment to current values there would be a substantial increase to net income! All 4 units are rented, and none have been vacant in over a decade! Don't miss out on this rare opportunity to own a trouble free, income-generating property! * $15,000 annual expenses include property taxes!

Last Agent to Sell the Property

Paul R. Sicola

NEW JERSEY REALTY, LLC. Listed on: 10/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,571

Year Built

  • Built in 1945

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 100.00
  • Level Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,036 Sq Ft Home
  • 2-Story Property

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water gas), unit 2 owner pays(water gas), unit 3 owner pays(water gas), unit 4 owner pays(water gas)

Community Details

Overview

  • Michael Jelin Lands Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,571

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Lot Size: 100.00 x 100.00
  • Ownership: Fee Simple
  • Subdivision Name: Michael Jelin Lands
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1945
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Water,Gas), Unit 2 Owner Pays(Water,Gas), Unit 3 Owner Pays(Water,Gas), Unit 4 Owner Pays(Water,Gas)
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 2(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 4(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 3036
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Level
  • Roof: Asphalt

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 5001

Tax Info

  • Tax Annual Amount: 9571
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2023
Closed on
Jan 2, 2024
Sold by
3-5 Mcpherson Street Llc
Bought by
Szarkowicz Krzysztof and Jurczyk Magdalena
Seller's Agent
Paul R. Sicola
NEW JERSEY REALTY, LLC.
List Price
$649,000
Sold Price
$720,000
Premium/Discount to List
$71,000
10.94%
Views
77
Current Estimated Value
$627,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,309
Avg. Annual Appreciation
-7.58%
Original Mortgage
$336,000
Outstanding Balance
$330,414
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$297,277

Purchase Details

Closed on
Dec 21, 2021
Sold by
Stump James B and Stump Denise S
Bought by
3-5 Mcpherson Street

Purchase Details

Closed on
Feb 20, 2021
Sold by
3 5 Mcpherson Street Llc
Bought by
Stump James B and Stump Denise S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2014
Sold by
Stump James B and Stump Denise S
Bought by
3 5 Mcpherson Street Llc

Purchase Details

Closed on
Sep 19, 2011
Sold by
Gorman Madeline and Pawlowski Donna
Bought by
Stump James B and Stump Denise S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Szarkowicz Krzysztof $720,000 Simplicity Title
Szarkowicz Krzysztof $720,000 Simplicity Title
3-5 Mcpherson Street $221,563 None Listed On Document
Stump James B -- Green Label Title
Stump James B -- Green Label Title
3 5 Mcpherson Street Llc -- None Available
Stump James B $337,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szarkowicz Krzysztof $336,000
Closed Szarkowicz Krzysztof $336,000
Previous Owner Stump James B $224,000
Previous Owner Stump James B $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2024 01/09/24 Sold $720,000 +10.9% $237 / Sq Ft
10/29/2023 10/29/23 For Sale $649,000 -- $214 / 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
2025 $10,040 $394,200 $125,000 $269,200
2024 $9,741 $394,200 $125,000 $269,200
2023 $9,741 $394,200 $125,000 $269,200
2022 $9,571 $394,200 $125,000 $269,200
2021 $9,212 $394,200 $125,000 $269,200
2020 $9,015 $394,200 $125,000 $269,200
2019 $8,583 $104,200 $18,800 $85,400
2018 $8,377 $104,200 $18,800 $85,400
2017 $8,070 $104,200 $18,800 $85,400
2016 $7,765 $104,200 $18,800 $85,400
2015 $7,591 $104,200 $18,800 $85,400
2014 $7,417 $104,200 $18,800 $85,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Paul R. Sicola

    NEW JERSEY REALTY, LLC.

    (732) 266-5759

    1 in this area

    8 Total Sales

    Paul R. Sicola
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Map

Source: All Jersey MLS

MLS Number: 2404852R

All Jersey MLS

APN: 23-00177-0000-00003

New Jersey Middlesex County South River 08882

5 Mcpherson St, South River, NJ

This home is located at 5 Mcpherson St, South River, NJ 08882 since 29 October 2023 and is currently estimated at $627,691, approximately $206 per square foot. This property was built in 1945. 5 Mcpherson St is a home located in Middlesex County with nearby schools including South River Primary School, South River Elementary School, and South River Middle School.

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