503 S Broadway Unit 505 Pitman, NJ 08071
Estimated Value: $489,418 - $521,000
--
Bed
--
Bath
3,969
Sq Ft
$126/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Wood Flooring
- Corner Lot
- Colonial Architecture
- Attic
- No HOA
About This Home
As of February 2021Welcome to historic Pitman. This 4,000 sq. ft. +/- side by side duplex is a very well-maintained turn of the century Victorian, in desirable Pitman. Located within walking distance to the Pitman Restaurant District. Both units are currently rented. Each unit is very large, at just under 2,000 sq. ft. EACH and completely separate from each other. There are original hardwood floors, moldings and ornate staircases throughout both units. Both units feature beautiful original stained glass windows and original wood doors. There are 10-foot ceilings throughout both units and several ceiling fans throughout as well. Both units have full walk-up attics that can be converted into more living space, as well as full basements, both with exterior entrances. There is a two-car garage and a two-car driveway for a total of four parking spaces. There is an open wrap-around front porch and separate rear yards. New roof and gutters were recently put on. Other recent updates include the following: Unit 503: New wrought iron railings on side entrance (2020), new kitchen floor, sink and faucet (2020), and very large tree removed (2020). Unit 505: New kitchen flooring (2020), new ceiling fans in dining room and bedroom (2020), new kitchen cabinets, new quartz counters, new sink and faucet, new range hood and range (all in 2018), fresh paint throughout (2018), restored tub surround (2018), new vanity, medicine cabinet and light fixture (2018), new bathroom flooring (2018), refinished living room and dining room floors (2018), and new carpeting in two bedrooms (2018). Both units currently rented and total $2800 in monthly rents for a total of $33,600 per year of income. Tenants pay all utilities. Come check these 2 beauties out. You will not be dissapointed. Call to day for your personal tour.
Last Agent to Sell the Property
RE/MAX Preferred - Mullica Hill Listed on: 11/11/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,004
Year Built
- Built in 1905
Lot Details
- 9,360 Sq Ft Lot
- Lot Dimensions are 60.00 x 156.00
- Corner Lot
- Property is in good condition
Parking
- 2 Car Detached Garage
- 2 Open Parking Spaces
- 2 Driveway Spaces
- Dirt Driveway
Home Design
- Duplex
- Colonial Architecture
- Frame Construction
- Architectural Shingle Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- En-Suite Primary Bedroom
- 3,969 Sq Ft Home
- Open Floorplan
- Stained Glass
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Attic
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
Flooring
- Wood
- Carpet
Outdoor Features
- Porch
Schools
- Pitman High School
Utilities
- Window Unit Cooling System
- Radiator
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 15-00061-00001
Community Details
Overview
- No Home Owners Association
- 2 Units
- 2-Story Building
Building Details
- Operating Expense $10,232
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 11, 2020
Closed on
Feb 12, 2021
Sold by
Greene Randy C and Greene Justine G
Bought by
Mcilvaine Kaitlyn M and Jones Wyatt Nelson
Seller's Agent
Christopher Valianti
RE/MAX Preferred - Mullica Hill
Buyer's Agent
Christopher Valianti
RE/MAX Preferred - Mullica Hill
List Price
$325,000
Sold Price
$325,000
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
$174,855
Avg. Annual Appreciation
10.38%
Original Mortgage
$319,113
Outstanding Balance
$288,424
Interest Rate
2.65%
Mortgage Type
FHA
Estimated Equity
$211,431
Purchase Details
Listed on
Sep 16, 2017
Closed on
Mar 5, 2018
Sold by
Verhagen Edward W and Verhagen Delores
Bought by
Greene Randy C and Greene Justine G
Seller's Agent
Christopher Valianti
RE/MAX Preferred - Mullica Hill
Buyer's Agent
Christopher Valianti
RE/MAX Preferred - Mullica Hill
List Price
$269,900
Sold Price
$233,000
Premium/Discount to List
-$36,900
-13.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.12%
Original Mortgage
$162,500
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 5, 2006
Sold by
Chapman Christopher J
Bought by
Verhagen Edward W and Verhagen Delores
Purchase Details
Closed on
Jul 29, 2003
Sold by
Thomsen Donald C and Thomsen Beverly B
Bought by
Chapman Christopher J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.28%
Mortgage Type
Purchase Money Mortgage
Similar Home in Pitman, NJ
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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 |
|---|---|---|---|
| Mcilvaine Kaitlyn M | $325,000 | Foundation Title Llc | |
| Mcilvaine Kaitlyn M | $325,000 | Fidelity National Title | |
| Greene Randy C | $233,000 | None Available | |
| Verhagen Edward W | $270,000 | Congress Title | |
| Chapman Christopher J | $190,000 | Congress |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcilvaine Kaitlyn M | $319,113 | |
| Closed | Mcilvaine Kaitlyn M | $319,113 | |
| Previous Owner | Greene Randy C | $162,500 | |
| Previous Owner | Verhagen Edward W | $213,950 | |
| Previous Owner | Verhagen Edward W | $210,000 | |
| Previous Owner | Chapman Christopher J | $152,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2021 02/12/21 | Sold | $325,000 | 0.0% | $82 / Sq Ft |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- |
| 11/11/2020 11/11/20 | For Sale | $325,000 | 0.0% | $82 / Sq Ft |
| 04/01/2020 04/01/20 | Rented | $1,350 | -6.9% | -- |
| 03/02/2020 03/02/20 | Under Contract | -- | -- | -- |
| 12/16/2019 12/16/19 | For Rent | $1,450 | 0.0% | -- |
| 03/19/2018 03/19/18 | Sold | $233,000 | 0.0% | $59 / Sq Ft |
| 01/22/2018 01/22/18 | Off Market | $233,000 | -- | -- |
| 01/15/2018 01/15/18 | Pending | -- | -- | -- |
| 11/03/2017 11/03/17 | Price Changed | $259,900 | -3.7% | $65 / Sq Ft |
| 09/16/2017 09/16/17 | For Sale | $269,900 | 0.0% | $68 / Sq Ft |
| 07/15/2017 07/15/17 | Rented | $1,400 | 0.0% | -- |
| 07/14/2017 07/14/17 | Under Contract | -- | -- | -- |
| 06/12/2017 06/12/17 | For Rent | $1,400 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $10,744 | $315,900 | $39,000 | $276,900 |
| 2023 | $10,744 | $315,900 | $39,000 | $276,900 |
| 2022 | $10,320 | $315,900 | $39,000 | $276,900 |
| 2021 | $11,123 | $248,400 | $32,500 | $215,900 |
| 2020 | $11,004 | $248,400 | $32,500 | $215,900 |
| 2019 | $10,746 | $248,400 | $32,500 | $215,900 |
| 2018 | $10,564 | $248,400 | $32,500 | $215,900 |
| 2017 | $10,433 | $248,400 | $32,500 | $215,900 |
| 2016 | $10,232 | $248,400 | $32,500 | $215,900 |
| 2015 | $9,956 | $248,400 | $32,500 | $215,900 |
| 2014 | $9,650 | $248,400 | $32,500 | $215,900 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Valianti
Seller's Agent in 2021
Christopher Valianti
RE/MAX
(856) 347-0052
51 in this area
279 Total Sales
-
Wyatt Jones
Buyer Co-Listing Agent in 2021
Wyatt Jones
RE/MAX
(989) 907-9253
2 in this area
11 Total Sales
Map
Source: Bright MLS
MLS Number: NJGL267192
APN: 15-00061-0000-00001
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