NOT LISTED FOR SALE

50 W Chestnut Ave Merchantville, NJ 08109

Estimated Value: $374,000 - $416,000

-- Bed
-- Bath
1,806 Sq Ft
$216/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $263,000 $146 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,894/month

10 Days on Market

Highlights

  • Colonial Architecture
  • Central Heating and Cooling System
  • 60+ Gallon Tank
  • No HOA

About This Home

As of September 2020

This beautiful Merchantville duplex has recently been completely updated and I mean the works! Hardwood floors, new tile, white kitchen cabinets, granite countertops, new bathrooms, and nice neutral paints. These spacious units both have two bedrooms. The top unit has a bonus room ;) and the bottom unit includes the basement. Huge backyard and 3 car driveway. Both units are currently leased with long-term tenants. The bottom floor rents for $1,275 and the top floor rents for $1,495. Don t miss out on this wonderful opportunity to make some passive income, make an appointment to see it today!

Last Agent to Sell the Property

Gloria Campos

HOF Realty Listed on: 07/25/2020

HOF Realty

Last Buyer's Agent

Alanna Williams

Liberty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,670

Year Built

  • Built in 1887

Lot Details

  • 6,090 Sq Ft Lot
  • Lot Dimensions are 42.00 x 145.00

Home Design

  • 1,806 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Frame Construction

Parking

  • Driveway
  • On-Street Parking

Schools

  • Merchantville Elementary School
  • Pennsauken High School

Utilities

  • Central Heating and Cooling System
  • 60+ Gallon Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00018 02
  • Assessor Parcel Number 24-00021-00018 02

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,670

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1887
  • Automatically Close On Close Date: No
  • Remarks Public: This beautiful Merchantville duplex has recently been completely updated and I mean the works! Hardwood floors, new tile, white kitchen cabinets, granite countertops, new bathrooms, and nice neutral paints. These spacious units both have two bedrooms. The top unit has a bonus room ;) and the bottom unit includes the basement. Huge backyard and 3 car driveway. Both units are currently leased with long-term tenants. The bottom floor rents for $1,275 and the top floor rents for $1,495. Don t miss out on this wonderful opportunity to make some passive income, make an appointment to see it today!
  • Special Features: None

Interior Features

  • Total Sq Ft: 1806
  • Living Area Sq Ft: 1806
  • Price Per Sq Ft: 146.73
  • Above Grade Finished Sq Ft: 1806
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: MERCHANTVILLE PUBLIC SCHOOLS
  • Elementary School: MERCHANTVILLE
  • High School: PENNSAUKEN
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • School District Key: 300200396996
  • School District Source: 3rd Party
  • Elementary School: MERCHANTVILLE
  • High School: PENNSAUKEN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 104700.00
  • Land Assessed Value: 60500.00
  • Lot Size Acres: 0.14
  • Lot Dimensions: 42.00 x 145.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6090.00
  • Year Assessed: 2019
  • Zoning: R3

Rental Info

  • Existing Lease Type: Yearly
  • Units Leased Count: 2
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 1899217
  • Tax Annual Amount: 7670.00
  • Assessor Parcel Number: 24-00021-00018 02
  • Tax Lot: 00018 02
  • Tax Total Finished Sq Ft: 1806
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/11/2020

MLS Schools

  • School District Name: MERCHANTVILLE PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2020
Closed on
Sep 11, 2020
Sold by
Threestories Llc
Bought by
Difedele Christina N
Seller's Agent
Gloria Campos
HOF Realty
Buyer's Agent
Alanna Williams
Liberty
List Price
$265,000
Sold Price
$263,000
Premium/Discount to List
-$2,000
-0.75%
Current Estimated Value
$394,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,473
Avg. Annual Appreciation
8.78%
Original Mortgage
$210,400
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2018
Sold by
Margini Gerard
Bought by
Threestories Llc

Purchase Details

Closed on
Aug 18, 2014
Sold by
Est Of Behrens Gloria J & Golding P
Bought by
Behrens Stephen M

Purchase Details

Closed on
Sep 16, 2009
Sold by
Behrens David and Golding Pamela
Bought by
Behrens Gloria J
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
Difedele Christina N $263,000 Cross Keys Abstract & Assuranc
Threestories Llc -- Platinum Abstract Co Llc
Behrens Stephen M -- --
Behrens Gloria J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Difedele Christina N $210,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $263,000 -0.8% $146 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
07/25/2020 07/25/20 For Sale $265,000 +96.3% $147 / Sq Ft
06/17/2016 06/17/16 Sold $135,000 +3.8% $75 / Sq Ft
05/07/2016 05/07/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $130,000 -- $72 / 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 $8,804 $165,200 $60,500 $104,700
2024 $8,381 $165,200 $60,500 $104,700
2023 $8,381 $165,200 $60,500 $104,700
2022 $8,025 $165,200 $60,500 $104,700
2021 $7,971 $165,200 $60,500 $104,700
2020 $7,816 $165,200 $60,500 $104,700
2019 $7,670 $165,200 $60,500 $104,700
2018 $7,305 $165,200 $60,500 $104,700
2017 $6,996 $165,200 $60,500 $104,700
2016 $6,676 $165,200 $60,500 $104,700
2015 $6,340 $165,200 $60,500 $104,700
2014 $6,109 $165,200 $60,500 $104,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD398790

Bright MLS

APN: 24-00021-0000-00018-02