NOT LISTED FOR SALE

505 Otter Branch Dr Magnolia, NJ 08049

Estimated Value: $293,000 - $301,000

3 Beds
1 Bath
1,008 Sq Ft
$295/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $127,000 $126 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $2,074/month

13 Days on Market

Highlights

  • Rambler Architecture
  • Attic
  • Porch
  • Wood Flooring
  • No HOA
  • 3-minute walk to Billy Tavener Park

About This Home

As of May 2017

Charming 3 bedroom, 1 bath ranch with fenced in yard is a perfect starter home. The hardwood floors run throughout the living room and bedrooms. The kitchen and bath are a neutral tile for easy clean up. The laundry/mud room was updated in 12/2012 with new flooring and a deep sink. The water heater and side storm door were also replaced in 12/2012. The work shed is 11 x 14 with electricity, a workbench, and peg boards on the walls. Put this house on your list of homes too see! This house comes with a 1 year home warranty!

Last Agent to Sell the Property

Anthony Iovino

(609) 617-1812 brokeranthonyiovino@gmail.com RE/MAX Community-Williamstown Listed on: 03/28/2017

Last Buyer's Agent

Nicole Snyderman

(856) 261-6943 nsnyderman@entouragehomes.com BHHS Fox & Roach-Marlton License #0456635

BHHS Fox & Roach-Marlton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,182

Year Built

  • Built in 1960

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property is in good condition

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • Property has 1 Level
  • Family Room
  • Living Room
  • Laundry on main level
  • Attic

Kitchen

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

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Shed
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Magnolia Gardens Subdivision

Listing and Financial Details

  • Tax Lot 00008
  • Assessor Parcel Number 23-00008 11-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,182

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Master Bedroom Window Treatments
  • Inclusions: Washer, Dryer, Refrigerator
  • New Construction: No
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven - Wall, Dishwasher, Disposal
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: No
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1008
  • Living Area Sq Ft: 1008
  • Net Sq Ft: 1008.00
  • Price Per Sq Ft: 128.97
  • Above Grade Finished Sq Ft: 1008
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Shed
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding, Brick
  • Access To Pool: No
  • 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
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • 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

Lot Info

  • Improvement Assessed Value: 85300.00
  • Land Assessed Value: 43600.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X130
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6500.00
  • Outdoor Living Structures: Porch(es)
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1898713
  • Tax Annual Amount: 5182.00
  • Assessor Parcel Number: 23-00008 11-00008
  • Tax Lot: 00008
  • Tax Year: 2016

MLS Schools

  • School District Name: MAGNOLIA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
Jun 1, 2017
Sold by
Blome Laura M
Bought by
Perney Ryan
Seller's Agent
Anthony Iovino
RE/MAX Community-Williamstown
Buyer's Agent
Nicole Snyderman
BHHS Fox & Roach-Marlton
List Price
$130,000
Sold Price
$127,000
Premium/Discount to List
-$3,000
-2.31%
Current Estimated Value
$297,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,156
Avg. Annual Appreciation
10.45%
Original Mortgage
$101,600
Outstanding Balance
$84,579
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$212,577

Purchase Details

Closed on
Dec 14, 1994
Sold by
Leise Mark C
Bought by
Blome Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
9.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Perney Ryan $127,000 None Available
Blome Laura M $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perney Ryan $101,600
Previous Owner Blome Laura M $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2017 05/25/17 Sold $127,000 -2.3% $126 / Sq Ft
05/16/2017 05/16/17 Price Changed $130,000 0.0% $129 / Sq Ft
04/10/2017 04/10/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $130,000 -- $129 / 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 $6,188 $128,900 $43,600 $85,300
2024 $6,038 $128,900 $43,600 $85,300
2023 $6,038 $128,900 $43,600 $85,300
2022 $5,880 $128,900 $43,600 $85,300
2021 $5,824 $128,900 $43,600 $85,300
2020 $5,713 $128,900 $43,600 $85,300
2019 $5,605 $128,900 $43,600 $85,300
2018 $5,491 $128,900 $43,600 $85,300
2017 $5,331 $128,900 $43,600 $85,300
2016 $5,182 $128,900 $43,600 $85,300
2015 $5,003 $128,900 $43,600 $85,300
2014 $4,932 $128,900 $43,600 $85,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003180377

Bright MLS

APN: 23-00008-11-00008