Seller's Agent in 2018
Steven Kempton
Real Broker, LLC
(856) 287-7100
282 Total Sales
502 Chambers Ave Gloucester City, NJ 08030
Estimated Value: $216,174 - $256,000
--
Bed
--
Bath
1,860
Sq Ft
$127/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Facilities
- Wall to Wall Carpet
- En-Suite Primary Bedroom
- Asbestos
- Radiator
About This Home
As of December 2018Here is your chance to use a turn-key, fully occupied, income producing, multi-family property. Both units are already rented out, with great tenants! First Floor Unit - Enter into enclosed sunporch. Family room is getting redone with new paint and carpet. Continue back to a spacious kitchen with included stove and refrigerator and plenty of cabinet space. The full bathroom is next to the bedroom that has a door to out back. Upstairs Unit - Newer carpet and newer paint throughout the unit. There is a bedroom and full bath in the rear of the unit at the top of the stairs. Turn down the hall and find another spacious kitchen with stove and refrigerator. Family room has access from the kitchen and hallway and is in the front of the building. Additional stair case leads up to 2 more nice size bedrooms. Separate utilities for both units allows tenants to put in their name easily. Washer & dryer hook ups are in basement for both units in separate areas including room for storage. The 2 wash rooms are divided by the main utility room which houses the 2 newer heating systems and hot water heaters. This is an "as-is" sale. ** No photos of interior due to tenant's personal items **
Last Agent to Sell the Property
(856) 287-7100 realtorstevekempton@gmail.com Real Broker, LLC License #1007398 Listed on: 10/02/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,066
Year Built
- Built in 1900
Lot Details
- 2,580 Sq Ft Lot
- Lot Dimensions are 30x86
- Property is in below average condition
Home Design
- Duplex
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Asbestos
Interior Spaces
- En-Suite Primary Bedroom
- 1,860 Sq Ft Home
- Wall to Wall Carpet
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 1 Open Parking Space
- 1 Parking Space
- Driveway
Schools
- Gloucester City Junior Senior High School
Utilities
- Radiator
- Heating System Uses Gas
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 00010
- Assessor Parcel Number 14-00173-00010
Community Details
Building Details
- Insurance Expense $1,300
- Operating Expense $6,070
Additional Features
- No Home Owners Association
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2018
Closed on
Dec 21, 2018
Sold by
Lanzilotta Jeffrey
Bought by
Manchester Jonathan D
Seller's Agent
Steven Kempton
Real Broker, LLC
Buyer's Agent
William B. Spinner
Real Broker, LLC
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%
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
$131,044
Avg. Annual Appreciation
12.55%
Original Mortgage
$78,750
Outstanding Balance
$69,380
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$166,664
Purchase Details
Closed on
Feb 11, 2005
Sold by
Rovani Joel M
Bought by
Lanzilotta Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5.78%
Purchase Details
Closed on
Feb 4, 2002
Sold by
Mitchell Henry J
Bought by
Rovani Joel M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,750
Interest Rate
6.8%
Purchase Details
Closed on
Jul 18, 1996
Sold by
Orlando Gertrude A
Bought by
Mitchell Henry J and Mitchell Michael W
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 |
|---|---|---|---|
| Manchester Jonathan D | $105,000 | None Available | |
| Lanzilotta Jeffrey | $95,000 | -- | |
| Rovani Joel M | $65,000 | -- | |
| Mitchell Henry J | $24,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Manchester Jonathan D | $78,750 | |
| Previous Owner | Lanzilotta Jeffrey | $85,500 | |
| Previous Owner | Rovani Joel M | $61,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2018 12/21/18 | Sold | $105,000 | -4.5% | $56 / Sq Ft |
| 10/12/2018 10/12/18 | Pending | -- | -- | -- |
| 10/02/2018 10/02/18 | For Sale | $109,900 | -- | $59 / Sq Ft |
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 | $4,817 | $96,100 | $20,900 | $75,200 |
| 2024 | $4,809 | $96,100 | $20,900 | $75,200 |
| 2023 | $4,809 | $96,100 | $20,900 | $75,200 |
| 2022 | $4,522 | $96,100 | $20,900 | $75,200 |
| 2021 | $4,476 | $96,100 | $20,900 | $75,200 |
| 2020 | $4,323 | $96,100 | $20,900 | $75,200 |
| 2019 | $4,234 | $96,100 | $20,900 | $75,200 |
| 2018 | $4,152 | $96,100 | $20,900 | $75,200 |
| 2017 | $4,066 | $96,100 | $20,900 | $75,200 |
| 2016 | $3,912 | $96,100 | $20,900 | $75,200 |
| 2015 | $3,523 | $96,100 | $20,900 | $75,200 |
| 2014 | $3,761 | $71,700 | $15,800 | $55,900 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Kempton
-
William B. Spinner
Buyer's Agent in 2018
William B. Spinner
Real Broker, LLC
(855) 450-0442
10 in this area
69 Total Sales
Map
Source: Bright MLS
MLS Number: 1008099756
APN: 14-00173-0000-00010
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