NOT LISTED FOR SALE

503 Forest Rd Cherry Hill, NJ 08034

Estimated Value: $410,000 - $476,000

3 Beds
2 Baths
1,882 Sq Ft
$234/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $285,000 $151 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,979/month

77 Days on Market

Highlights

  • Rambler Architecture
  • No HOA
  • Walk-In Closet
  • Wood Flooring
  • Porch
  • Patio

About This Home

As of October 2020

Beautifully expanded and renovated 3 bedroom 2 bath Rancher. Property has been freshly painted, new kitchen, stainless steel appliances, 2 baths, new multi dimensional roof, tiled kitchen and bath floors, family room with hardwood flooring and gas fireplace, master suite with 2 closets, extra long driveway, patio, gas heat, central air and much more! Buyer is responsible for the Certificate of Occupancy.

Last Agent to Sell the Property

Alan Browne

(856) 452-0862 Alanrbrowne@aol.com RE/MAX Of Cherry Hill License #8643142 Listed on: 05/01/2020

RE/MAX Of Cherry Hill

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,390

Year Built

  • Built in 1955

Lot Details

  • 8,468 Sq Ft Lot
  • Lot Dimensions are 73.00 x 116.00

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 1,882 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Storm Doors
  • Laundry on main level

Kitchen

  • Built-In Oven
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • 150 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Forest Hills Subdivision

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 09-00338 05-00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,390

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: Existing: storm door, ceiling fan, refrigerator, dishwasher, microwave, call oven and range top in "as is" condition.
  • New Construction: No
  • Story List: Main
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven - Wall, Oven/Range - Gas, Refrigerator
  • Flooring Type: Fully Carpeted, Hardwood, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1882
  • Living Area Sq Ft: 1882
  • Price Per Sq Ft: 159.35
  • Above Grade Finished Sq Ft: 1882
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone, Vinyl Siding
  • 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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 150 Amps
  • 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 Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 125100.00
  • Land Assessed Value: 57500.00
  • Lot Size Acres: 0.19
  • Lot Dimensions: 73.00 x 116.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8468.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1821621
  • Tax Annual Amount: 7390.00
  • Assessor Parcel Number: 09-00338 05-00002
  • Tax Lot: 00002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Aug 29, 2020
Sold by
U S Bank Trust Na
Bought by
Mercado Pedro and Mercado Bernice
Seller's Agent
Alan Browne
RE/MAX Of Cherry Hill
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$309,000
Sold Price
$285,000
Premium/Discount to List
-$24,000
-7.77%
Current Estimated Value
$440,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,337
Avg. Annual Appreciation
8.69%
Original Mortgage
$228,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2018
Sold by
Hiltebrand Stephen M
Bought by
U S Bank Trust Na and Lsf8 Master Participation

Purchase Details

Closed on
Feb 12, 1986
Bought by
Hiltebrand Stephen and Hiltebrand Susan
Source: Public Records
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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
Mercado Pedro $285,000 Coastal Title Agency Inc
Mercado Pedro $285,000 Coastal Title Agency
U S Bank Trust Na -- None Available
Hiltebrand Stephen $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mercado Pedro $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $285,000 -5.0% $151 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $299,900 -2.9% $159 / Sq Ft
05/01/2020 05/01/20 For Sale $309,000 -- $164 / 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 $8,142 $182,600 $57,500 $125,100
2024 $7,673 $182,600 $57,500 $125,100
2023 $7,673 $182,600 $57,500 $125,100
2022 $7,461 $182,600 $57,500 $125,100
2021 $7,485 $182,600 $57,500 $125,100
2020 $7,393 $182,600 $57,500 $125,100
2019 $7,390 $182,600 $57,500 $125,100
2018 $7,370 $182,600 $57,500 $125,100
2017 $7,269 $182,600 $57,500 $125,100
2016 $7,173 $182,600 $57,500 $125,100
2015 $7,059 $182,600 $57,500 $125,100
2014 $6,025 $182,600 $57,500 $125,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD392502

Bright MLS

APN: 09-00338-05-00002