NOT LISTED FOR SALE

506 Washington Ave South Amboy, NJ 08879

Estimated Value: $594,000 - $703,000

-- Bed
1 Bath
2,931 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $599,000 $204 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,086/month

224 Days on Market

Highlights

  • Property is near public transit
  • Utility Room
  • 3-minute walk to John Zdanewicz Park
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

Amazing opportunity to own this great investment property or simply rent a unit to pay for your monthly expenses and live in the other. Both units are rented month-to-month basis. Income potential $2,500 each unit/Annual $60,000, Cap Rate 7.6%. Won't last! This two family house has transportation right in front, bus to Woodbridge Center, Close to Major Highways - GS Pkwy and Route 9, NJ Transit Train to NYC in 35 to 40 mins, Train to Jersey Shores such as Belmar Beach, Bradley Beach, Asbury Park, Pt. Pleasant and more, ferry starting the end of the year 2022, Raritan Bay and Park, Restaurants and Shops, Schools and House of Worship. Each unit consists of 3 bedroom, 1 bath, laundry - washer & dryer, EIK, Living Room, Dining Room, both units have central air. 2nd floor has wood-like tiled floors, updated kitchen with stainless appliances, wood cabinets, updated bathroom. First floor has the same layout needs some update. Full basement with its own entryway, concrete driveway for 2 cars. This property is eligible for a grant up to $15K toward down payment and closing cost for first time buyers if they qualify. Call to schedule appointment and to find out more details.

Last Agent to Sell the Property

Ivette Casanova

RE/MAX REAL ESTATE LIMITED Listed on: 11/18/2022

RE/MAX REAL ESTATE LIMITED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,588

Lot Details

  • 2,235 Sq Ft Lot
  • Lot Dimensions are 77.00 x 29.00

Home Design

  • Flat Roof Shape
  • Asphalt Roof

Interior Spaces

  • 2,931 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,588

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0513
  • Lot Size: 77.00 x 29.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Unit 1(Dryer,Refrigerator,Washer), Unit 2(Dryer,Refrigerator,Washer)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Utility Room
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 2931
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, See Remarks, Near Public Transit
  • Roof: Asphalt, Flat

Garage/Parking

  • Parking Features: 1-2 Car Parking, See Remarks

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All,Ceiling Fan(s), Unit 1(A/C Central), Unit 2(A/C Central)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2235
  • Zoning: RA

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 7588
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2020
Sold by
Logrande Salvatore and Logrande Claudia
Bought by
Casanova Norma Yvette
Current Estimated Value
$645,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,875
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Casanova Norma Yvette $382,500 Absolute Title Age Of Nj Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Casanova Norma Yvette $286,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $599,000 0.0% $204 / Sq Ft
12/07/2022 12/07/22 Price Changed $599,000 -4.9% $204 / Sq Ft
11/18/2022 11/18/22 For Sale $629,900 -- $215 / Sq Ft
Source: All Jersey 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 $8,440 $263,000 $113,000 $150,000
2024 $8,121 $263,000 $113,000 $150,000
2023 $8,121 $263,000 $113,000 $150,000
2022 $7,716 $263,000 $113,000 $150,000
2021 $7,588 $263,000 $113,000 $150,000
2020 $7,409 $263,000 $113,000 $150,000
2019 $7,290 $263,000 $113,000 $150,000
2018 $7,230 $263,000 $113,000 $150,000
2017 $7,114 $263,000 $113,000 $150,000
2016 $6,935 $263,000 $113,000 $150,000
2015 $6,985 $263,000 $113,000 $150,000
2014 $6,746 $263,000 $113,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Ivette Casanova

    Seller's Agent in 2023

    Ivette Casanova

    RE/MAX REAL ESTATE LIMITED

    (201) 957-2026

    1 in this area

    35 Total Sales

    Ivette Casanova
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Map

Source: All Jersey MLS

MLS Number: 2306049R

All Jersey MLS

APN: 20-00129-0000-00011

New Jersey Middlesex County South Amboy 08879

506 Washington Ave, South Amboy, NJ

Not Listed for Sale

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