NOT LISTED FOR SALE

5 S Elm St Hopewell, NJ 08525

Estimated Value: $493,000 - $612,000

-- Bed
-- Bath
-- Sq Ft
0.27 Acres

Last Sold October 11, 2023

Last sale price $485,000

Est. 13% increase in value since last sale

Current estimated payment $3,770/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Hopewell Valley Central High School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2023

Introducing two houses for the price of one! Live in one, rent out the other or rent them both and reap the financial rewards. Located in the heart of Hopewell Borough, the location is close to everything this close-knit community loves: Brick Market, Nomad Pizza, Peasant Grill, Boro Bean, and the elementary school! One is a single-level ranch with two bedrooms, a living room, a kitchen with a breakfast bar, and a renovated bathroom. This home has new luxury vinyl plank flooring. The second is a charming Dutch-style cottage with one bedroom plus a home office upstairs, a living room, a large eat-in kitchen, a mudroom, and an updated bath on the first level. Here, there's a split AC system controlled by remote, a newly renovated kitchen, newer washer and dryer, and there are newer windows throughout. Both units have laundry, natural gas, public sewer, and water. With a nice-sized yard and off-street parking for four cars in two separate driveways, residents will feel autonomous from one another. Both homes are fully rented. A current pre approval is necessary to send before showing approved.

Last Agent to Sell the Property

Jennifer Curtis

(609) 610-0809 jcurtis@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #898424 Listed on: 08/19/2023

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Jennifer Curtis

(609) 610-0809 jcurtis@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #898424 Listed on: 08/19/2023

Callaway Henderson Sotheby's Int'l-Princeton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,737

Year Built

  • Built in 1900

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 79.00 x 150.00

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 00014
  • Assessor Parcel Number 05-00035-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,737

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-08-19
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • School District Key: 300200397266
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.27
  • Lot Dimensions: 79.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11848.00
  • Year Assessed: 2022
  • Zoning: R75P

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9737.00
  • Assessor Parcel Number: 05-00035-00014
  • Tax Lot: 00014
  • Tax Total Finished Sq Ft: 1326
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/11/2023

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2023
Closed on
Oct 3, 2023
Sold by
Park Charles C and Park Boas
Bought by
Hoffmann-Carter Solana Yemaya
Seller's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$485,000
Sold Price
$485,000
Views
8
Current Estimated Value
$548,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,721
Avg. Annual Appreciation
6.53%
Original Mortgage
$412,250
Outstanding Balance
$404,235
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$144,486

Purchase Details

Listed on
Oct 6, 2020
Closed on
Nov 20, 2020
Sold by
Silver Strike Holdings Llc
Bought by
Park Charles C and Park Boas
Seller's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Christine Duval
Callaway Henderson Sotheby's Int'l-Lambertville
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%
Original Mortgage
$281,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2019
Sold by
Silver Strike Holdings Llc
Bought by
Park Charles C and Park Boas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2017
Closed on
Apr 24, 2017
Sold by
Mcalinden Joseph A and Mcalinden Catherine A
Bought by
Silver Strike Holding Llc
Seller's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
Sold Price
$1,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%

Purchase Details

Closed on
Feb 4, 2013
Sold by
Mcalinden Gerard I and Mead Earl
Bought by
Mcalinden Joseph A and Mcalinden Catherine A
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
Hoffmann-Carter Solana Yemaya $485,000 Old Republic Title
Hoffmann-Carter Solana Yemaya $485,000 Old Republic Title
Park Charles C $375,000 Acres Land Title Agency Inc
Park Charles C $375,000 Acres Land Title
Silver Strike Holding Llc $275,000 Old Republic Natl Title Ins
Mcalinden Joseph A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffmann-Carter Solana Yemaya $412,250
Closed Hoffmann-Carter Solana Yemaya $412,250
Previous Owner Park Charles C $281,250
Previous Owner Park Charles C $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $485,000 0.0% --
08/19/2023 08/19/23 For Sale $485,000 0.0% --
12/17/2021 12/17/21 Rented $1,950 0.0% --
12/11/2021 12/11/21 Under Contract -- -- --
11/16/2021 11/16/21 For Rent $1,950 0.0% --
09/06/2021 09/06/21 Rented $1,950 0.0% --
09/04/2021 09/04/21 For Rent $1,950 0.0% --
08/06/2021 08/06/21 Off Market $1,950 -- --
07/09/2021 07/09/21 For Rent $1,950 0.0% --
03/10/2021 03/10/21 Rented $1,950 -2.5% --
01/09/2021 01/09/21 For Rent $2,000 0.0% --
11/23/2020 11/23/20 Sold $375,000 0.0% --
10/08/2020 10/08/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $375,000 0.0% --
10/05/2018 10/05/18 Rented $1,500 0.0% --
09/12/2018 09/12/18 For Rent $1,500 +7.1% --
10/01/2017 10/01/17 Rented $1,400 0.0% --
09/27/2017 09/27/17 Under Contract -- -- --
09/20/2017 09/20/17 For Rent $1,400 0.0% --
07/18/2017 07/18/17 Rented $1,400 0.0% --
07/17/2017 07/17/17 Under Contract -- -- --
07/11/2017 07/11/17 For Rent $1,400 0.0% --
05/10/2017 05/10/17 Rented $1,400 -99.5% --
04/28/2017 04/28/17 Under Contract -- -- --
04/24/2017 04/24/17 Sold $275,000 0.0% --
04/24/2017 04/24/17 For Rent $1,400 0.0% --
02/15/2017 02/15/17 Pending -- -- --
02/11/2017 02/11/17 Price Changed $279,900 -6.7% --
01/20/2017 01/20/17 Price Changed $299,900 -6.0% --
12/19/2016 12/19/16 For Sale $319,000 -- --
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 $10,468 $304,400 $211,800 $92,600
2024 $10,076 $304,400 $211,800 $92,600
2023 $10,076 $304,400 $211,800 $92,600
2022 $9,738 $304,400 $211,800 $92,600
2021 $9,561 $304,400 $211,800 $92,600
2020 $9,427 $304,400 $211,800 $92,600
2019 $9,287 $304,400 $211,800 $92,600
2018 $8,885 $304,400 $211,800 $92,600
2017 $8,611 $304,400 $211,800 $92,600
2016 $8,331 $304,400 $211,800 $92,600
2015 $8,386 $304,400 $211,800 $92,600
2014 $8,967 $350,000 $254,500 $95,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2034040

Bright MLS

APN: 05-00035-0000-00014