Seller's Agent in 2022
William B. Spinner
Real Broker, LLC
(855) 450-0442
2 in this area
72 Total Sales
50 Jerrys Ave Clayton, NJ 08312
Estimated Value: $335,000 - $352,000
--
Bed
--
Bath
2,632
Sq Ft
$131/Sq Ft
Est. Value
Highlights
- 0.58 Acre Lot
- Straight Thru Architecture
- Hot Water Heating System
About This Home
As of September 2022Offer Accepted!! The seller wishes to stop all showings and is moving forward with a generous offer. Have you ever heard the term "house hacking"? This 4 unit building has one vacant unit that would work great for an FHA loan as an owner occupant. Great investment opportunity for a first time investor or to add this to your already existing portfolio. Unit C has been updated recently and the other three units are in need of updating, but with long term tenants the units won't need to be updated till the turnover. The vacant unit is available to show anytime. The income from this property is based off full occupancy and will alter due to how each individual finances the purchase. (See attached documents for the expenses and rent roll) - Unit A , B & D are on a 12 month Lease and they all expire on 5/31/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,834
Year Built
- Built in 1952
Lot Details
- 0.58 Acre Lot
- Lot Dimensions are 180.00 x 140.00
Home Design
- 2,632 Sq Ft Home
- Quadruplex
- Straight Thru Architecture
- Block Foundation
- Asbestos Shingle Roof
Parking
- 5 Parking Spaces
- 5 Driveway Spaces
- Shared Driveway
Utilities
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- The owner pays for advertising/licenses and permits, common area maintenance, insurance, sewer, real estate taxes, water
- Tax Lot 00027
- Assessor Parcel Number 01-01001-00027
Community Details
Overview
- 4 Units
- 1-Story Building
Building Details
- 1 Vacant Unit
- Income includes laundry, apartment rentals
- Insurance Expense $2,000
- Maintenance Expense $8,000
- Manager Expense $4,400
- Operating Expense $17,974
- Net Operating Income $26,787
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2022
Closed on
Aug 31, 2022
Sold by
Stewart Cynthia A
Bought by
Morella Victor J and Morella Juli
Seller's Agent
William B. Spinner
Real Broker, LLC
Buyer's Agent
Juli Morella
Weichert Realtors-Mullica Hill
List Price
$265,000
Sold Price
$282,500
Premium/Discount to List
$17,500
6.6%
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,251
Avg. Annual Appreciation
5.33%
Purchase Details
Closed on
Dec 11, 2015
Sold by
Gregory Stephen A
Bought by
Stewart Douglas E and Stewart Cynthia A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
5%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morella Victor J | $282,500 | Fidelity National Title | |
| Stewart Douglas E | $215,000 | American Title Abstract Corp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stewart Douglas E | $122,500 | |
| Previous Owner | Gregory Stephen A | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2022 09/01/22 | Sold | $282,500 | +6.6% | $107 / Sq Ft |
| 07/07/2022 07/07/22 | Pending | -- | -- | -- |
| 06/30/2022 06/30/22 | For Sale | $265,000 | 0.0% | $101 / Sq Ft |
| 06/21/2013 06/21/13 | Rented | $742 | 0.0% | -- |
| 06/19/2013 06/19/13 | Under Contract | -- | -- | -- |
| 06/19/2013 06/19/13 | For Rent | $742 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,967 | $281,500 | $89,500 | $192,000 |
| 2024 | $8,017 | $281,500 | $89,500 | $192,000 |
| 2023 | $8,017 | $198,400 | $47,000 | $151,400 |
| 2022 | $7,930 | $198,400 | $47,000 | $151,400 |
| 2021 | $7,821 | $198,400 | $47,000 | $151,400 |
| 2020 | $7,851 | $198,400 | $47,000 | $151,400 |
| 2019 | $7,718 | $198,400 | $47,000 | $151,400 |
| 2018 | $7,609 | $198,400 | $47,000 | $151,400 |
| 2017 | $7,480 | $198,400 | $47,000 | $151,400 |
| 2016 | $7,400 | $198,400 | $47,000 | $151,400 |
| 2015 | $7,182 | $198,400 | $47,000 | $151,400 |
| 2014 | $6,932 | $198,400 | $47,000 | $151,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Juli Morella
Weichert Corporate
(856) 904-9280
5 in this area
73 Total Sales
-
Seller's Agent in 2013
James Sullivan III
Century 21 - Rauh & Johns
(609) 820-7011
7 in this area
159 Total Sales
Map
Source: Bright MLS
MLS Number: NJGL2018008
APN: 01-01001-0000-00027
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