NOT LISTED FOR SALE

507 Delaware Ave Palmyra, NJ 08065

Estimated Value: $249,000 - $321,000

-- Bed
-- Bath
1,344 Sq Ft
$201/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $188,000 $140 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,846/month

30 Days on Market

Highlights

  • Traditional Architecture
  • 5-minute walk to Palmyra
  • Radiant Heating System
  • No HOA
  • More Than Two Accessible Exits

About This Home

As of September 2021

Who wants to start or add to their investment portfolio???!! Right here is your golden opportunity! First floor is a 1 bed and 1 bath, large kitchen, access to the basement, and backyard! Front porch space! Rent for the first floor is $750.00 the downstairs tenant help to maintain and manage the property, which is the reason for the low rent. He's a great asset and knows a lot about the property . The second floor is a 2 bed/1 bath. Tenant pays $1000.00/mo. Very nicely maintained. Both tenants currently pay electricity and heat. The landlord pays water/sewer. Great long term tenants on each floor that would like to stay . Each currently have a 6 month lease in place. Presently, incurring an annual revenue of $21,000.00. Both units on separate utilities. Updated electric. Water heaters have been replaced within the past 3 years. Dry basement used for storage. Although, the property is being conveyed as - is/ where- is, the property is in the 2nd year of a 5 year passing CO! Fantastic location within close proximity to the Riverine and also to local bridges into the city! Contact me for an appointment today!

Last Agent to Sell the Property

Rachel Waltrip

Keller Williams Realty - Moorestown Listed on: 06/01/2021

Co-Listed By

Sara Melody Amer

OCF Realty LLC - Margate License #1753253

Last Buyer's Agent

James Lee

Vylla Home

Vylla Home

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,257

Year Built

  • Built in 1940

Lot Details

  • 3,360 Sq Ft Lot
  • Lot Dimensions are 28.00 x 120.00

Home Design

  • 1,344 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Frame Construction

Parking

  • Driveway
  • Off-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00014
  • Assessor Parcel Number 27-00108-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,257

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: Who wants to start or add to their investment portfolio???!! Right here is your golden opportunity! First floor is a 1 bed and 1 bath, large kitchen, access to the basement, and backyard! Front porch space! Rent for the first floor is $750.00 the downstairs tenant help to maintain and manage the property, which is the reason for the low rent. He's a great asset and knows a lot about the property . The second floor is a 2 bed/1 bath. Tenant pays $1000.00/mo. Very nicely maintained. Both tenants currently pay electricity and heat. The landlord pays water/sewer. Great long term tenants on each floor that would like to stay . Each currently have a 6 month lease in place. Presently, incurring an annual revenue of $21,000.00. Both units on separate utilities. Updated electric. Water heaters have been replaced within the past 3 years. Dry basement used for storage. Although, the property is being conveyed as - is/ where- is, the property is in the 2nd year of a 5 year passing CO! Fantastic location within close proximity to the Riverine and also to local bridges into the city! Contact me for an appointment today!
  • Special Features: None

Interior Features

  • Total Sq Ft: 1344
  • Living Area Sq Ft: 1344
  • Price Per Sq Ft: 148.07
  • Above Grade Finished Sq Ft: 1344
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PALMYRA BOROUGH PUBLIC SCHOOLS
  • School District Key: 300200396966
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 80600.00
  • Land Assessed Value: 25700.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 28.00 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3360.00
  • Year Assessed: 2020
  • Zoning: RESD

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1714751
  • Tax Annual Amount: 4257.00
  • Assessor Parcel Number: 27-00108-00014
  • Tax Lot: 00014
  • Tax Total Finished Sq Ft: 1344
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/02/2021

Multi Family

  • Single Room Units Count: 4

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Aug 3, 2021
Sold by
Muller James A and Muller Alexis R
Bought by
Rickards Robertto
Seller's Agent
Rachel Waltrip
Keller Williams Realty - Moorestown
Buyer's Agent
James Lee
Vylla Home
List Price
$215,000
Sold Price
$188,000
Premium/Discount to List
-$27,000
-12.56%
Current Estimated Value
$267,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,190
Avg. Annual Appreciation
9.28%
Original Mortgage
$184,594
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 2008
Sold by
Hickory Investments Llc
Bought by
Muller James and Muller Alexis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,633
Interest Rate
6.49%
Mortgage Type
VA

Purchase Details

Closed on
Dec 10, 2004
Sold by
Murphy Thomas P and Wadleigh Joy D
Bought by
Hickory Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1997
Sold by
Wadleigh Joy D and Murphy Thomas P
Bought by
Murphy Thomas P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rickards Robertto $188,000 Core Title
Muller James $169,000 Stewart Title Guaranty Co
Hickory Investments Llc $238,000 Independence Abstract & Titl
Murphy Thomas P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rickards Robertto $50,000
Previous Owner Rickards Robertto $184,594
Previous Owner Muller James $171,326
Previous Owner Muller James A $181,520
Previous Owner Muller James $172,633
Previous Owner Hickory Investments Llc $75,800
Previous Owner Hickory Investments Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $188,000 -5.5% $140 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/22/2021 06/22/21 Price Changed $199,000 -7.4% $148 / Sq Ft
06/01/2021 06/01/21 For Sale $215,000 0.0% $160 / Sq Ft
03/01/2015 03/01/15 Rented $925 +2.8% --
02/17/2015 02/17/15 Under Contract -- -- --
11/04/2014 11/04/14 For Rent $900 -- --
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 $4,596 $106,300 $25,700 $80,600
2024 $4,501 $106,300 $25,700 $80,600
2023 $4,501 $106,300 $25,700 $80,600
2022 $4,394 $106,300 $25,700 $80,600
2021 $4,241 $106,300 $25,700 $80,600
2020 $4,257 $106,300 $25,700 $80,600
2019 $4,123 $106,300 $25,700 $80,600
2018 $4,065 $106,300 $25,700 $80,600
2017 $4,013 $106,300 $25,700 $80,600
2016 $3,934 $106,300 $25,700 $80,600
2015 $3,878 $106,300 $25,700 $80,600
2014 $3,707 $106,300 $25,700 $80,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL399148

Bright MLS

APN: 27-00108-0000-00014