Seller's Agent in 2023
Barbara Petrillo
BHHS Fox & Roach
(609) 206-0345
1 in this area
67 Total Sales
506 Madison Ave Burlington, NJ 08016
Estimated Value: $240,852 - $262,000
2
Beds
1
Bath
936
Sq Ft
$268/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Main Floor Bedroom
- Ramp on the main level
- Rambler Architecture
- No HOA
- 90% Forced Air Heating and Cooling System
About This Home
As of August 2023Why rent when you could own this adorable rancher. Welcome to 506 Madison Ave. As you enter the home you are greeted by a large living room area with new laminate flooring. This extends into the dining room and kitchen areas. This space offers you space for your dining room table with open access to your kitchen. The kitchen peninsula offers you additional breakfast bar seating which is great for chatting with your guests or enjoying your morning coffee. This home also boast a fully fenced in beautiful backyard, ramp access into the home, and an attached backyard deck. The back deck has direct access into the home, and is a great space for grilling and enjoying your outdoor space. This home also offers a new roof installed in 2021. Come take a look at our open house this Sunday, June 25, 2023 from 2 to 4 pm. Or book your private tour.
Last Agent to Sell the Property
(609) 206-0345 barbara.petrillo@foxroach.com BHHS Fox & Roach-Cherry Hill License #1648190 Listed on: 06/23/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,476
Year Built
- Built in 1952
Lot Details
- 4,996 Sq Ft Lot
- Lot Dimensions are 50.00 x 100.00
- Property is Fully Fenced
- Back and Front Yard
- Property is in good condition
- Property is zoned R-2
Parking
- On-Street Parking
Home Design
- Rambler Architecture
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 936 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Combination Kitchen and Dining Room
- Crawl Space
- Laundry on main level
Kitchen
- Electric Oven or Range
- Microwave
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Accessible Home Design
- Ramp on the main level
Utilities
- 90% Forced Air Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- 100 Amp Service
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00025
- Assessor Parcel Number 05-00059-00025
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 23, 2023
Closed on
Aug 10, 2023
Sold by
Yacona Darlene S
Bought by
Khawaja Ihthsham and Parveen Sobia
Seller's Agent
Barbara Petrillo
BHHS Fox & Roach-Cherry Hill
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$184,500
Sold Price
$217,000
Premium/Discount to List
$32,500
17.62%
Views
311
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
$33,463
Avg. Annual Appreciation
7.14%
Original Mortgage
$184,450
Outstanding Balance
$180,247
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$70,216
Purchase Details
Closed on
Jul 31, 1991
Bought by
Yacona John A and Snow Darlene
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Khawaja Ihthsham | $217,000 | None Listed On Document | |
| Khawaja Ihthsham | $217,000 | None Listed On Document | |
| Yacona John A | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Khawaja Ihthsham | $184,450 | |
| Closed | Khawaja Ihthsham | $184,450 | |
| Previous Owner | Yacona John Anthony | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2023 08/17/23 | Sold | $217,000 | +17.6% | $232 / Sq Ft |
| 07/11/2023 07/11/23 | Pending | -- | -- | -- |
| 06/23/2023 06/23/23 | For Sale | $184,500 | -- | $197 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $4,607 | $106,400 | $44,000 | $62,400 |
| 2024 | $4,526 | $106,400 | $44,000 | $62,400 |
| 2023 | $4,526 | $106,400 | $44,000 | $62,400 |
| 2022 | $4,476 | $106,400 | $44,000 | $62,400 |
| 2021 | $4,141 | $106,400 | $44,000 | $62,400 |
| 2020 | $4,254 | $106,400 | $44,000 | $62,400 |
| 2019 | $4,057 | $106,400 | $44,000 | $62,400 |
| 2018 | $3,988 | $106,400 | $44,000 | $62,400 |
| 2017 | $3,866 | $106,400 | $44,000 | $62,400 |
| 2016 | $3,720 | $106,400 | $44,000 | $62,400 |
| 2015 | $3,587 | $106,400 | $44,000 | $62,400 |
| 2014 | $3,469 | $106,400 | $44,000 | $62,400 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Petrillo
-
datacorrect BrightMLS
d
Buyer's Agent in 2023
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: NJBL2048674
APN: 05-00059-0000-00025
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