$189,900
SOLD JUN 8, 2016

505 Lilac Ln Cherry Hill, NJ 08003

3 Beds
2.5 Baths
2,000 Sq Ft
6,360 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

4 Days on Market

Highlights

  • Rambler Architecture
  • Attic
  • Porch
  • Woodcrest Elementary School Rated A-
  • No HOA
  • Eat-In Kitchen

About This Home

As of March 2021

This renovation ready Woodcrest rancher offers tremendous potential for an investor or handy home buyer looking to put their personal stamp on a great home. Located on a quiet side street, this home is looking for some TLC and modern fixes to make it shine once again. A spacious living & dining room combination is directly off the foyer. The eat-in kitchen has tons of potential to renovate and be made into a dream come true! A very large family room with big window faces the rear of the home, with an area used as a dry bar. A large master bedroom comes with makeup table, lots of closet space, and a master bath. There are 2 additional bedrooms and a shared full bath, and a powder room as well. A full basement features an area that could easily be made into a rec-room, a separate laundry room, and lots of storage. The roof, heat & air are all newer. A back carport and built in shed both provide storage and weather protection. This home has good bones and is anxiously awaiting a makeover!

Last Agent to Sell the Property

Keri Ricci

Keller Williams Realty - Cherry Hill Listed on: 04/22/2016

Last Buyer's Agent

Keri Ricci

Keller Williams Realty - Cherry Hill Listed on: 04/22/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,969

Year Built

  • Built in 1962

Lot Details

  • 6,360 Sq Ft Lot
  • Lot Dimensions are 40x159
  • North Facing Home
  • Level Lot
  • Back and Front Yard

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 1 Level
  • Wet Bar
  • Family Room
  • Living Room
  • Dining Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 2 Attached Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • Woodcrest Elementary School
  • Beck Middle School
  • Cherry Hill High - East

Utilities

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

Community Details

  • No Home Owners Association
  • Woodcrest Subdivision

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 09-00528 49-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,969

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: Appliances, Window Treatments, Light Fixtures
  • New Construction: No
  • Story List: Main
  • Year Built: 1962
  • Remarks Public: This renovation ready Woodcrest rancher offers tremendous potential for an investor or handy home buyer looking to put their personal stamp on a great home. Located on a quiet side street, this home is looking for some TLC and modern fixes to make it shine once again. A spacious living & dining room combination is directly off the foyer. The eat-in kitchen has tons of potential to renovate and be made into a dream come true! A very large family room with big window faces the rear of the home, with an area used as a dry bar. A large master bedroom comes with makeup table, lots of closet space, and a master bath. There are 2 additional bedrooms and a shared full bath, and a powder room as well. A full basement features an area that could easily be made into a rec-room, a separate laundry room, and lots of storage. The roof, heat & air are all newer. A back carport and built in shed both provide storage and weather protection. This home has good bones and is anxiously awaiting a makeover!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Dishwasher
  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Interior Amenities: Primary Bath(s), Wet/Dry Bar, Kitchen - Eat-In
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Basement
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Net Sq Ft: 2000.00
  • Price Per Sq Ft: 94.95
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Asbestos
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, 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: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: WOODCREST
  • Middle School: BECK
  • High School: CHERRY HILL HIGH - EAST
  • School District Key: 300200396971
  • Elementary School: WOODCREST
  • High School: CHERRY HILL HIGH - EAST
  • Middle Or Junior School: BECK

Lot Info

  • Improvement Assessed Value: 154900.00
  • Land Assessed Value: 77100.00
  • Lot Features: Level, Sloping, Front Yard, Rear Yard
  • Lot Size Acres: 0.15
  • Lot Dimensions: 40X159
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6360.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1840361
  • Tax Annual Amount: 8969.00
  • Assessor Parcel Number: 09-00528 49-00004
  • Tax Lot: 00004
  • Tax Year: 2015
  • Close Date: 06/08/2016

MLS Schools

  • School District Name: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Mar 18, 2021
Sold by
Lee Thomas D and Lee Mary K
Bought by
Feld Abraham S
Seller's Agent
Keri Ricci
Keller Williams Realty - Cherry Hill
Buyer's Agent
Bonnie Bernhardt
RE/MAX ONE Realty
List Price
$350,000
Sold Price
$375,000
Premium/Discount to List
$25,000
7.14%
Current Estimated Value
$555,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,225
Avg. Annual Appreciation
8.81%
Original Mortgage
$300,000
Outstanding Balance
$273,978
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$270,674

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jun 8, 2016
Sold by
Heine Beatrice J and Heine Marilyn J
Bought by
Lee Thomas D and Lee Mary K
Seller's Agent
Keri Ricci
Keller Williams Realty - Cherry Hill
Buyer's Agent
Keri Ricci
Keller Williams Realty - Cherry Hill
List Price
$189,900
Sold Price
$189,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.23%
Source: Public Records

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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 Type Sale Price Title Company
Bargain Sale Deed $375,000 Surety Expert Abstract
Deed $189,900 Your Hometown Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Previous Owner $230,000 New Conventional
Previous Owner $150,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $375,000 +7.1% $141 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $350,000 +84.3% $132 / Sq Ft
06/08/2016 06/08/16 Sold $189,900 0.0% $95 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $189,900 -- $95 / 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 $12,414 $278,400 $77,100 $201,300
2024 $11,698 $278,400 $77,100 $201,300
2023 $11,698 $278,400 $77,100 $201,300
2022 $11,375 $278,400 $77,100 $201,300
2021 $9,510 $232,000 $77,100 $154,900
2020 $9,394 $232,000 $77,100 $154,900
2019 $9,389 $232,000 $77,100 $154,900
2018 $9,364 $232,000 $77,100 $154,900
2017 $9,236 $232,000 $77,100 $154,900
2016 $9,113 $232,000 $77,100 $154,900
2015 $8,719 $232,000 $77,100 $154,900
2014 $8,619 $232,000 $77,100 $154,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002420104

Bright MLS

APN: 09-00528-49-00004