NOT LISTED FOR SALE

501 Johnson Place Magnolia, NJ 08049

Estimated Value: $335,000 - $350,000

3 Beds
1 Bath
1,167 Sq Ft
$295/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $315,000 $270 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,419/month

13 Days on Market

Highlights

  • Private Pool
  • Rambler Architecture
  • Main Floor Bedroom
  • Deck
  • Wood Flooring
  • No HOA

About This Home

As of February 2024

Welcome to this fabulous single-family rancher located in Magnolia, NJ. This detached home is situated on an oversized lot and a cul-de-sac, providing an ideal location for relaxation and comfort. Featuring 3 bedrooms, 1 bathroom, and a basement, it offers ample storage and living space.
When you enter the home, you will find a generous sized living room with an abundance of natural light. Off the living room is the eat-in kitchen with ample counter space and a dining area. From the kitchen you will be delighted with the expanded family room for extra living space and comfort. Completing the home are 3 spacious bedrooms with hardwood flooring and ceiling fans and a full bathroom.
This home also offers a full unfinished basement for additional storage or the potential for additional living space, and a washer and dryer for added convenience. Additional features include central A/C, newer vinyl flooring, hardwood floors and a private driveway with 2 additional parking spaces.
In the summer you can enjoy the beautiful deck and scenery. The enormous fenced-in backyard provides privacy and offers a wonderful outdoor space for relaxation or entertaining quests outdoors.
This home is conveniently located, with easy access to Route 30, Route 295, The New Jersey Turnpike, and local schools. Don't miss the opportunity to make this move-in ready and well-maintained property your new home. Schedule a showing today and experience the comfort and convenience this home has to offer!

Last Agent to Sell the Property

Naoji Moriuchi

Compass New Jersey, LLC - Moorestown License #336501 Listed on: 12/14/2023

Compass New Jersey, LLC - Moorestown

Co-Listed By

Michelle Peterson

Compass New Jersey, LLC - Moorestown

Last Buyer's Agent

Jason Galante

Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,678

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 118.00 x 0.00
  • Cul-De-Sac
  • Property is Fully Fenced
  • Back, Front, and Side Yard

Home Design

  • Rambler Architecture
  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 1,167 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Family Room Off Kitchen
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Sump Pump
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Private Pool
  • Deck
  • Exterior Lighting
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Magnolia Gardens Subdivision

Listing and Financial Details

  • Tax Lot 00023
  • Assessor Parcel Number 23-00006 05-00023

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,678

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Above ground pool, personal property
  • Inclusions: washer, dryer, refrigerator, dishwasher
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2023-12-14
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Refrigerator, Dishwasher, Washer, Dryer
  • Interior Amenities: Carpet, Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Ceiling Fan(s), Wood Floors
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement, Bedroom 1, Laundry, Full Bath
  • Basement: Yes
  • Basement Type: Unfinished, Sump Pump
  • Laundry Type: Basement
  • Total Sq Ft: 1167
  • Living Area Sq Ft: 1167
  • Price Per Sq Ft: 269.92
  • Above Grade Finished Sq Ft: 1167
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 501

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: STERLING HIGH
  • School District Key: 300200396990
  • School District Source: Listing Agent

Lot Info

  • Fencing: Fully
  • Lot Features: Cul-De-Sac, Front Yard, Rear Yard, Sideyard(s)
  • Lot Dimensions: 118.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6678.00
  • Assessor Parcel Number: 23-00006 05-00023
  • Tax Lot: 00023
  • Tax Total Finished Sq Ft: 1167
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/16/2024

MLS Schools

  • School District Name: STERLING HIGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2023
Closed on
Feb 16, 2024
Sold by
Dunham Heather L and Dunham Lance
Bought by
Bressman Cristine E and Bressman David B
Seller's Agent
Naoji Moriuchi
Compass New Jersey, LLC - Moorestown
Buyer's Agent
Jason Galante
Real Broker, LLC
List Price
$315,000
Sold Price
$315,000
Views
88
Current Estimated Value
$344,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,171
Avg. Annual Appreciation
5.77%
Original Mortgage
$188,237
Outstanding Balance
$185,106
Interest Rate
6.63%
Mortgage Type
FHA
Estimated Equity
$159,065

Purchase Details

Closed on
Mar 8, 2018
Sold by
Woodburn Heather L and Dunham Heather L
Bought by
Funham Heather L and Funham Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,596
Interest Rate
4.32%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2005
Sold by
Yaniak Colleen A
Bought by
Woodburn Heather L and Michelak Raymond D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 1997
Sold by
Dobbins Eleanor S
Bought by
Novellino Colleen 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
Bressman Cristine E $315,000 Old Republic Title
Bressman Cristine E $315,000 Old Republic Title
Funham Heather L -- Servicelink East
Woodburn Heather L $167,000 --
Novellino Colleen A $86,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bressman Cristine E $11,468
Open Bressman Cristine E $188,237
Closed Bressman Cristine E $188,237
Previous Owner Funham Heather L $130,596
Previous Owner Woodburn Heather L $25,000
Previous Owner Woodburn Heather L $133,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $315,000 0.0% $270 / Sq Ft
12/28/2023 12/28/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $315,000 -- $270 / 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 $7,029 $146,400 $48,300 $98,100
2024 $6,857 $146,400 $48,300 $98,100
2023 $6,857 $146,400 $48,300 $98,100
2022 $6,679 $146,400 $48,300 $98,100
2021 $6,614 $146,400 $48,300 $98,100
2020 $6,488 $146,400 $48,300 $98,100
2019 $6,365 $146,400 $48,300 $98,100
2018 $6,237 $146,400 $48,300 $98,100
2017 $6,055 $146,400 $48,300 $98,100
2016 $5,885 $146,400 $48,300 $98,100
2015 $5,682 $146,400 $48,300 $98,100
2014 $5,601 $146,400 $48,300 $98,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2059690

Bright MLS

APN: 23-00006-05-00023