NOT LISTED FOR SALE

503 N Oak Ave Pitman, NJ 08071

Estimated Value: $506,000 - $559,108

5 Beds
2.5 Baths
3,272 Sq Ft
$161/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $485,000 $148 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,832/month

37 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • 1 Fireplace
  • Gunite Pool
  • Secluded Lot
  • Sun or Florida Room

About This Home

As of September 2024

Absolutely gorgeous best describes this deceivingly spacious (3,272 sq ft) three-story colonial home; that offers all the warmth and charm that one would expect in historical Pitman. With the properties age, character, floor plan this home will wow you from the start! When entering, take a deep breath and go back in time. The sun flows through the windows and fills every room with light from the floor to the 9-foot ceilings above. Enjoy the spacious rooms and woodwork throughout. The home is boasting five/six bedrooms and two full & 1 half bathrooms. Just when you thought you would never find your dream home-here it is, with an awesome location. Situated on a professionally landscaped setting this home has so much to offer. This lovely home is “dressed to impress” and is in the sought-after Pitman Borough section of Gloucester County. This tastefully decorated home is the real deal; with remodels to the kitchen, bathroom, and flooring, all on a large lot (130x150). “Everyone like Pitman" is the town motto and with good reasons. It is a charming, historic, walk-able, two square mile town with its desirable school system to which all students from kindergarten through high school walk to school together. Pitman was featured in Philadelphia Magazine as one of the new hot suburbs. This charming home will wow you. The first floor Featuring a large family room with a wood burning fireplace, a formal dining room, both rooms with newer hard wood flooring. A remodeled sunny and bright eat-in kitchen featuring an abundance of cabinetry and counter top space, gas range, microwave and refrigerator; all the appliances are remaining with the purchase. There is also a kitchen island area that seats four with a with a built-in pantry. Additional rooms on the main floor include a beautiful Florida/Sunroom, a very large arts and craft area with a 2nd kitchen and attached laundry area, and a half bath. On the 2nd floor there are four spacious bedrooms and a full bath. The 3rd floor has two bedrooms with a 2nd full bath. There is also a full basement with a new French drainage, around the entire perimeter with walk-up stairs leading to the backyard. The backyard area will be the focal point for all your future family gathering and barbeques, with your own private in-ground pool; there is also a large garage and fenced yard. Your family will enjoy all the spaciousness this home has to offer. Additional amenities include an architectural shingle roof, gas heating and window a/c, 200amp service, and a driveway and garage for off street parking. This home is centrally located, close to the growing downtown; with its shops, restaurants, breweries, art gallery, and historic theater. It’s also within easy walking distance to Alcyon Lake Park and all the Pitman schools. There are many traditions and events all year long such as the 4th of July parade, Christmas parade, the Tour de Pitman bike race, craft fairs in the spring and fall and much more. Pitman is 5 minutes from Rowan University, 30 minutes from center city Philadelphia and 45 minutes from Atlantic City. Don't forget to ask your agent about the different programs in this area. One of which is the HOME SEEKERS Programs. This program offers the qualified buyer’s cash towards closing cost up to $10,000 dollars. Come see all this beautiful home offers. You won’t be disappointed! SHOW & SELL!! INTERIOR PHOTO'S COMING SOON

Last Agent to Sell the Property

Joseph Schwarzman

(609) 617-6064 swats777@aol.com Premier Real Estate Corp. Listed on: 06/16/2024

Last Buyer's Agent

Ryan Margaret Giorla

(215) 268-8894 ClosingQueenRy@gmail.com Roc Hous Real Estate LLC License #RS362773

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,195

Year Built

  • Built in 1925

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 130.00 x 150.00
  • Landscaped
  • Secluded Lot
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in very good condition

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 3,272 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Family Room
  • Dining Room
  • Den
  • Sun or Florida Room
  • Carpet

Kitchen

  • Second Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on lower level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Drainage System
  • Sump Pump

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Pool

  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Exterior Lighting

Schools

  • Pitman Middle School
  • Pitman High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 15-00217-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,195

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Absolutely gorgeous best describes this deceivingly spacious (3,272 sq ft) three-story colonial home; that offers all the warmth and charm that one would expect in historical Pitman. With the properties age, character, floor plan this home will wow you from the start! When entering, take a deep breath and go back in time. The sun flows through the windows and fills every room with light from the floor to the 9-foot ceilings above. Enjoy the spacious rooms and woodwork throughout. The home is boasting five/six bedrooms and two full & 1 half bathrooms. Just when you thought you would never find your dream home-here it is, with an awesome location. Situated on a professionally landscaped setting this home has so much to offer. This lovely home is “dressed to impress” and is in the sought-after Pitman Borough section of Gloucester County. This tastefully decorated home is the real deal; with remodels to the kitchen, bathroom, and flooring, all on a large lot (130x150). “Everyone like Pitman" is the town motto and with good reasons. It is a charming, historic, walk-able, two square mile town with its desirable school system to which all students from kindergarten through high school walk to school together. Pitman was featured in Philadelphia Magazine as one of the new hot suburbs. This charming home will wow you. The first floor Featuring a large family room with a wood burning fireplace, a formal dining room, both rooms with newer hard wood flooring. A remodeled sunny and bright eat-in kitchen featuring an abundance of cabinetry and counter top space, gas range, microwave and refrigerator; all the appliances are remaining with the purchase. There is also a kitchen island area that seats four with a with a built-in pantry. Additional rooms on the main floor include a beautiful Florida/Sunroom, a very large arts and craft area with a 2nd kitchen and attached laundry area, and a half bath. On the 2nd floor there are four spacious bedrooms and a full bath. The 3rd floor has two bedrooms with a 2nd full bath. There is also a full basement with a new French drainage, around the entire perimeter with walk-up stairs leading to the backyard. The backyard area will be the focal point for all your future family gathering and barbeques, with your own private in-ground pool; there is also a large garage and fenced yard. Your family will enjoy all the spaciousness this home has to offer. Additional amenities include an architectural shingle roof, gas heating and window a/c, 200amp service, and a driveway and garage for off street parking. This home is centrally located, close to the growing downtown; with its shops, restaurants, breweries, art gallery, and historic theater. It’s also within easy walking distance to Alcyon Lake Park and all the Pitman schools. There are many traditions and events all year long such as the 4th of July parade, Christmas parade, the Tour de Pitman bike race, craft fairs in the spring and fall and much more. Pitman is 5 minutes from Rowan University, 30 minutes from center city Philadelphia and 45 minutes from Atlantic City. Don't forget to ask your agent about the different programs in this area. One of which is the HOME SEEKERS Programs. This program offers the qualified buyer’s cash towards closing cost up to $10,000 dollars. Come see all this beautiful home offers. You won’t be disappointed! SHOW & SELL!! INTERIOR PHOTO'S COMING SOON
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 2nd Kitchen, Carpet, Ceiling Fan(s), Kitchen - Island
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Sun/Florida Room, Laundry, Office, Bathroom 2, Primary Bathroom
  • Basement: Yes
  • Basement Type: Drainage System, Full, Sump Pump, Unfinished
  • Laundry Type: Lower Floor
  • Total Sq Ft: 3272
  • Living Area Sq Ft: 3272
  • Price Per Sq Ft: 149.76
  • Above Grade Finished Sq Ft: 3272
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting
  • Pool Features: Gunite, Fenced
  • Roof: Architectural Shingle
  • Spa: No
  • 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: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: PITMAN BORO PUBLIC SCHOOLS
  • Middle School: PITMAN M.S.
  • High School: PITMAN H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396141
  • School District Source: Listing Agent
  • High School: PITMAN H.S.
  • Middle Or Junior School: PITMAN M.S.

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Front Yard, Landscaping, Level, Rear Yard, Sideyard(s), Secluded
  • Lot Size Acres: 0.45
  • Lot Dimensions: 130.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19502.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RES

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12195.00
  • Assessor Parcel Number: 15-00217-00009
  • Tax Lot: 00009
  • Tax Total Finished Sq Ft: 3272
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 09/13/2024

MLS Schools

  • School District Name: PITMAN BORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2024
Closed on
Sep 13, 2024
Sold by
Hill John M and Hill Wendy
Bought by
Corley Timothy J and Corley Doreen
Seller's Agent
Joseph Schwarzman
Premier Real Estate Corp.
Buyer's Agent
Ryan Margaret Giorla
Roc Hous Real Estate LLC
List Price
$520,000
Sold Price
$485,000
Premium/Discount to List
-$35,000
-6.73%
Views
353
Current Estimated Value
$525,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,777
Avg. Annual Appreciation
8.07%
Original Mortgage
$388,000
Outstanding Balance
$384,005
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$141,772

Purchase Details

Closed on
Aug 13, 1987
Bought by
Hill John M
Source: Public Records

Range of Values:

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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
Corley Timothy J $485,000 None Listed On Document
Corley Timothy J $485,000 None Listed On Document
Hill John M $166,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corley Timothy J $388,000
Closed Corley Timothy J $388,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $485,000 -1.0% $148 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $490,000 -5.8% $150 / Sq Ft
06/16/2024 06/16/24 For Sale $520,000 -- $159 / 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 $12,526 $358,600 $60,200 $298,400
2024 $12,196 $358,600 $60,200 $298,400
2023 $12,196 $358,600 $60,200 $298,400
2022 $11,715 $358,600 $60,200 $298,400
2021 $12,324 $274,900 $62,400 $212,500
2020 $12,178 $274,900 $62,400 $212,500
2019 $11,892 $274,900 $62,400 $212,500
2018 $11,692 $274,900 $62,400 $212,500
2017 $11,546 $274,900 $62,400 $212,500
2016 $11,323 $274,900 $62,400 $212,500
2015 $11,018 $274,900 $62,400 $212,500
2014 $10,680 $274,900 $62,400 $212,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2043904

Bright MLS

APN: 15-00217-0000-00009