NOT LISTED FOR SALE

508 Smith St Millville, NJ 08332

Estimated Value: $169,000 - $221,758

Studio
-- Bath
1,994 Sq Ft
$102/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $196,000 $98 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,314/month

9 Days on Market

About This Home

As of June 2023

DUPLEX ALERT! Rare Opportunity! Brings in $2,100 monthly! Each unit features 2 bedrooms & 1 full bathroom. First floor unit is rented at $950 per month on a month to month lease. Second floor unit is rented at $1,150 per month with a lease ending 1-31-2024. Separate utilities. Public water & sewer. Leases attached to MLS. Great cash flowing property & will not last long! Call the listing agent to inquire today!

Last Agent to Sell the Property

Max Lomas

(855) 450-0442 debroker@therealbrokerage.com Real Broker LLC License #RS342877 Listed on: 05/15/2023

Last Buyer's Agent

Iris Rivera

(856) 696-2255 rob@betternjagents.com Better Homes and Gardens Real Estate Maturo

Better Homes and Gardens Real Estate Maturo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,778

Year Built

  • Built in 1887

Lot Details

  • 3,672 Sq Ft Lot
  • Lot Dimensions are 51.00 x 72.00

Home Design

  • 1,994 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Frame Construction

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 10-00468-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,778

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Washer/Dryer (belong to tenants)
  • New Construction: No
  • Year Built: 1887
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1994
  • Living Area Sq Ft: 1994
  • Price Per Sq Ft: 93.78
  • Above Grade Finished Sq Ft: 1994
  • Above Grade Finished Area Units: Square Feet

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: Driveway, On Street

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 51.00 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3672.00
  • Zoning: DUPLEX MULTI FAMILY

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 2778.00
  • Assessor Parcel Number: 10-00468-00003
  • Tax Lot: 00003
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MILLVILLE BOARD OF EDUCATION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jun 30, 2023
Sold by
Clay James
Bought by
Mervil Wilkens
Seller's Agent
Max Lomas
Real Broker LLC
Buyer's Agent
Iris Rivera
Better Homes and Gardens Real Estate Maturo
List Price
$187,000
Sold Price
$196,000
Premium/Discount to List
$9,000
4.81%
Views
55
Current Estimated Value
$202,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,440
Avg. Annual Appreciation
1.26%
Original Mortgage
$192,449
Outstanding Balance
$187,720
Interest Rate
6.63%
Mortgage Type
FHA
Estimated Equity
$14,720

Purchase Details

Listed on
Jul 11, 2018
Closed on
Jan 28, 2019
Sold by
Xpress Investments Llc
Bought by
Clay James
Seller's Agent
Andrew Miller
REEVES and MELVIN
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$84,500
Sold Price
$82,500
Premium/Discount to List
-$2,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.63%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Zylberberg Hilda
Bought by
Xpress 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
$409,894
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
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
Mervil Wilkens $196,000 National Integrity
Clay James $82,500 --
Xpress Investments Llc $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mervil Wilkens $192,449
Previous Owner Xpress Investments Llc $409,894
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $196,000 +4.8% $98 / Sq Ft
05/15/2023 05/15/23 For Sale $187,000 +126.7% $94 / Sq Ft
01/29/2019 01/29/19 Sold $82,500 -2.4% $40 / Sq Ft View Prior Sale
12/11/2018 12/11/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $84,500 -- $41 / Sq Ft
Source: Bright MLS

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 $2,877 $73,300 $14,800 $58,500
2024 $2,877 $73,300 $14,800 $58,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB2012584

Bright MLS

APN: 10-00468-0000-00003