NOT LISTED FOR SALE

503 Old Orchard Rd Cherry Hill, NJ 08003

Estimated Value: $558,000 - $596,000

4 Beds
2.5 Baths
2,330 Sq Ft
$244/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $390,000 $167 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,973/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Sun or Florida Room
  • Joseph D. Sharp Elementary School Rated A
  • Bonus Room
  • No HOA

About This Home

As of July 2021

We have ACCEPTED AN OFFER and we are signing contracts tomorrow, Wednesday, June 9, 2021. THANK YOU TO EVERYONE THAT SUBMITTED AN OFFER! A FANTASTIC opportunity to own in Old Orchard! This 2,330 square foot "AS IS" home has great front yard appeal boasting a beautiful red maple tree and 2 fruit trees. The newly resurfaced driveway (2021) leads you to the 2-car garage with a driveway that can hold 2+ cars. Enter the front door by stepping onto the small sitting porch and you will notice options – go forward, go up, or go down. In the foyer there are 2 large closets to your left. To the right and up a few steps elevate you into a formal sitting room with lightly colored hard wood floors and a large bay window that shares an abundance of natural lighting. Off the formal sitting room is the newly furnished kitchen with brand new granite counter tops and brass fixtures, newly built island with granite countertop, tile flooring, Echo Nest, and new appliances include a white electric range, dishwasher, and microwave. Immediately adjacent to the kitchen is the dining room. In 2019, insulated glass windows were installed throughout the home. Exit the kitchen and walk up to the upper floors where the bedrooms and 2 full baths are located. Each bedroom includes windows for natural sunlight and ceiling fans with spacious closets. The primary bedroom has a private full bathroom and the hallway guest bathroom includes a vanity and tub. In the hallway is the attic pull down stair access, and the attic includes an attic fan, and was recently reinsulated with 24-inch insulation. Head down the hardwood steps to the lower level where there is a large family room with a half bath as well as a large laundry room with plenty of cabinets, space to fold and hang clothes, and stainless-steel washer and dryer that is included with the purchase of the home. There is a large sunroom which is currently used as a workout room and off the sunroom is a door to exit out onto the concrete backyard patio where there is a working hot tub (included) a large grass yard, a shed for storage (also included) and the yard is 100% fenced in (chain link fence). Back into the home and down in the lower-level basement is a fully finished bedroom, walk-in closet, and full bathroom with a beautifully tiled shower, double vanity with a double glass sink, and toilet. This house is being sold "AS IS"; however, the seller will be responsible for getting the Certificate of Occupancy and will purchase a Home Warranty for buyer's peace of mind. The portable air conditioner in the sunroom is in good working order and the hot tub is fully functioning - both are included in the sale of the home and are being sold "AS IS". The house has solar panels that are PAID IN FULL (usage and documents online in BRIGHT MLS). This home is in a great location as you are minutes away from Route 70, 295, 83 and NJ Turnpike which gets you to all the best shopping and dining in and around Cherry Hill! The home shows pride in ownership and is move-in ready. Enjoy your showing!

Last Agent to Sell the Property

Michele DiCorcia

(609) 558-1111 michelesellsnjre@gmail.com Prime Realty Partners Listed on: 06/01/2021

Prime Realty Partners

Last Buyer's Agent

Christine Dash

(609) 332-6266 christine@dashforhomes.com Keller Williams Realty - Moorestown

Keller Williams Realty - Moorestown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,789

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 32.00 x 125.00
  • Panel Fence
  • Landscaped
  • Back and Front Yard
  • Property is in very good condition

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Split Level Home
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 2,330 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Family Room
  • Sitting Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Sun or Florida Room
  • Wood Flooring
  • Kitchen Island
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Public Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Orchard Subdivision

Listing and Financial Details

  • Tax Lot 00023
  • Assessor Parcel Number 09-00513 23-00023

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,789

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Split Level
  • Ownership: Fee Simple
  • Exclusions: Grill in backyard, All personal items
  • Historic: No
  • Inclusions: Washer/Dryer, Electric Range, Refrigerator, Microwave, Dishwasher, Blinds, Fans, Light Fixtures, Hot Tub (AS IS), Portable Air Conditioner in Sunroom (AS IS), Shed in Backyard
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-06-01
  • Federal Flood Zone: No
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Island
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Sun/Florida Room, Bonus Room
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2330
  • Living Area Sq Ft: 2330
  • Price Per Sq Ft: 162.66
  • Above Grade Finished Sq Ft: 2330
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Half Bathroom: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Inside Access, Additional Storage Area, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Panel
  • Improvement Assessed Value: 170600.00
  • Land Assessed Value: 71000.00
  • Lot Features: Front Yard, Landscaping, Rear Yard
  • Lot Dimensions: 32.00 x 125.00
  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Zoning: RES

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1834314
  • Tax Annual Amount: 9789.00
  • Assessor Parcel Number: 09-00513 23-00023
  • Tax Lot: 00023
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 16, 2021
Sold by
Schaeffer Keith and Schaeffer Suzanne
Bought by
Marett Kyle and Geverd Caroline
Seller's Agent
Michele DiCorcia
Prime Realty Partners
Buyer's Agent
Christine Dash
Keller Williams Realty - Moorestown
List Price
$379,000
Sold Price
$390,000
Premium/Discount to List
$11,000
2.9%
Current Estimated Value
$568,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,586
Avg. Annual Appreciation
9.03%
Original Mortgage
$370,500
Outstanding Balance
$336,683
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$231,903

Purchase Details

Listed on
Jun 18, 2011
Closed on
Apr 22, 2013
Sold by
Sigman Gerson E and Sigman Robin R
Bought by
Schaeffer Keith
Seller's Agent
Francine Reese
BHHS Fox & Roach-Cherry Hill
Buyer's Agent
Cheryl Morales
Vylla Home
List Price
$234,900
Sold Price
$180,000
Premium/Discount to List
-$54,900
-23.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$176,739
Interest Rate
3.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marett Kyle $390,000 Your Hometown Title Llc
Schaeffer Keith $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marett Kyle $370,500
Previous Owner Schaeffer Keith $176,739
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2021 07/16/21 Sold $390,000 +2.9% $167 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $379,000 +110.6% $163 / Sq Ft
04/29/2013 04/29/13 Sold $180,000 -2.7% -- View Prior Sale
01/06/2013 01/06/13 Pending -- -- --
01/03/2013 01/03/13 Price Changed $185,000 -5.1% --
12/07/2012 12/07/12 Price Changed $195,000 -17.0% --
12/07/2012 12/07/12 For Sale $234,900 0.0% --
02/06/2012 02/06/12 Pending -- -- --
10/13/2011 10/13/11 Price Changed $234,900 -2.1% --
08/01/2011 08/01/11 Price Changed $239,900 -4.0% --
06/18/2011 06/18/11 For Sale $250,000 -- --
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 $11,888 $266,600 $71,000 $195,600
2024 $11,203 $266,600 $71,000 $195,600
2023 $11,203 $266,600 $71,000 $195,600
2022 $10,893 $266,600 $71,000 $195,600
2021 $9,903 $241,600 $71,000 $170,600
2020 $9,782 $241,600 $71,000 $170,600
2019 $9,778 $241,600 $71,000 $170,600
2018 $9,751 $241,600 $71,000 $170,600
2017 $9,618 $241,600 $71,000 $170,600
2016 $9,490 $241,600 $71,000 $170,600
2015 $9,340 $241,600 $71,000 $170,600
2014 $9,236 $241,600 $71,000 $170,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD420616

Bright MLS

APN: 09-00513-23-00023