NOT LISTED FOR SALE

500 Orchard Ave Palmyra, NJ 08065

Palmyra Area

Estimated Value: $400,000 - $457,000

Studio
-- Baths
2,429 Sq Ft
$175/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2021

Last sale price $275,000 $113 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,087 / mo

5 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Heating System Uses Natural Gas

About This Home

As of May 2021

Great Triplex with (2) 3-bedroom / 1 bath units and (1) 1 bedroom / 1 bath unit, all very spacious and maintained. Conveniently located off Rt. 73, close to the Tacony-Palmyra Bridge and walking distance to the Palmyra Light Rail Station. Off Street parking with a 5 car driveway and plenty of street parking available. Already occupied with excellent tenants. Tenants responsible for all utilities, except owner pays water and sewer. Property would be wonderful add to your portfolio as it has great cash flow and growth opportunity. Property is being sold in AS-IS condition.

Last Agent to Sell the Property

Kenyon Hunter

(973) 315-5959 michele.zyska@serhant.com SERHANT. New Jersey LLC License #1755308 Listed on: 03/27/2021

SERHANT. New Jersey LLC

Last Buyer's Agent

Min Choe

(856) 316-0777 rob@betternjagents.com Better Homes and Gardens Real Estate Maturo License #343315

Better Homes and Gardens Real Estate Maturo

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,870

Year Built

  • Built in 1920

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 70.00 x 100.00
  • Property is in good condition

Home Design

  • Triplex
  • Contemporary Architecture
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,429 Sq Ft Home
  • Unfinished Basement
  • Connecting Stairway

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • No Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 00010
  • Assessor Parcel Number 27-00072-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,870

Year Built

Built in 1920

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-03-27
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished, Connecting Stairway
  • Total Sq Ft: 2429
  • Living Area Sq Ft: 2429
  • Price Per Sq Ft: 110.75
  • Above Grade Finished Sq Ft: 2429
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: No Septic System
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 148500.00
  • Land Assessed Value: 48000.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 70.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7000.00
  • Property Condition: Good
  • Zoning: MULTI-UNIT
  • Zoning Description: Triplex

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Owner Pays: Sewer, Water
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1714155
  • Tax Annual Amount: 7870.00
  • Assessor Parcel Number: 27-00072-00010
  • Tax Lot: 00010
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2021
Closed on
May 11, 2021
Sold by
Shq Properties Llc
Bought by
Seller's Agent
Kenyon Hunter
SERHANT. New Jersey LLC
Buyer's Agent
Min Choe
Better Homes and Gardens Real Estate Maturo
List Price
$269,000
Sold Price
$275,000
Premium/Discount to List
$6,000
2.23%
Current Estimated Value
$425,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,482
Avg. Annual Appreciation
8.58%
Original Mortgage
$206,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2019
Sold by
Quintero Hoover
Bought by
Shq Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2011
Sold by
Law Michael and Law Elena
Bought by
Quintero Hoover

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,775
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 2001
Sold by
Citimortgage Inc
Bought by
Law Michael and Law Elena

Purchase Details

Closed on
Sep 12, 1997
Sold by
Johnson John R
Bought by
Johnson John R and Johnson Clara
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Palmyra, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Honest Title
Shq Properties Llc -- Your Homtown Title Llc
Quintero Hoover $129,000 Title Resources Guaranty Co
Law Michael $66,500 Congress Title Corp
Johnson John R -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $206,250
Previous Owner Shq Properties Llc $187,500
Previous Owner Quintero Hoover $123,775
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $275,000 +2.2% $113 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $269,000 -- $111 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,017 $196,500 $48,000 $148,500
2025 $9,017 $196,500 $48,000 $148,500
2024 $8,320 $196,500 $48,000 $148,500
2023 $8,320 $196,500 $48,000 $148,500
2022 $8,123 $196,500 $48,000 $148,500
2021 $7,526 $196,500 $48,000 $148,500
2020 $7,870 $196,500 $48,000 $148,500
2019 $7,622 $196,500 $48,000 $148,500
2018 $7,514 $196,500 $48,000 $148,500
2017 $7,418 $196,500 $48,000 $148,500
2016 $7,272 $196,500 $48,000 $148,500
2015 $7,168 $196,500 $48,000 $148,500
2014 $6,852 $196,500 $48,000 $148,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL394074

Bright MLS

APN: 27-00072-0000-00010

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