NOT LISTED FOR SALE

508 W State St Trenton, NJ 08618

West End Neighborhood

Estimated Value: $183,000 - $328,000

-- Bed
-- Bath
2,477 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 14, 2022

Last sale price $309,900 $125 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $1,903/month

151 Days on Market

Highlights

  • 0.08 Acre Lot
  • Eat-In Galley Kitchen
  • Historic Home
  • Wood Flooring
  • Soaking Tub
  • Hot Water Baseboard Heater

About This Home

As of May 2022

Attention All Investors! Terrific opportunity to own a well maintained Historic investment property. Live in one and rent out the two other units or use this solely as an income producing property. Great income potential. Seller will provide C/O from the City of Trenton. Historic Trenton 3 Unit Building. Fully occupied. Apt 1 is 2 bedroom/1 bath at $1,100/month, lease expires December 2021, Apt 2 is 3 bedroom/1 bath at $950/month, long time tenant is month to month and Apt 3 is Studio/efficiency with 1 bath at $667/month, long time tenant going month to month.
Property provides fenced parking area with at least 4 spaces. On street parking available as well.

Last Agent to Sell the Property

Robert Farmer, SFR, BPOR. REO Ce

Realty Mark Central, LLC License #1008489 Listed on: 09/10/2021

Last Buyer's Agent

Non Member Member

Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,098

Year Built

  • Built in 1887

Lot Details

  • 3,275 Sq Ft Lot
  • Lot Dimensions are 25.00 x 131.00
  • Historic Home
  • Property is in average condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Asbestos Shingle Roof
  • Rubber Roof

Interior Spaces

  • Soaking Tub
  • 2,477 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire Escape
  • Eat-In Galley Kitchen

Flooring

  • Wood
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Driveway Spaces
  • 4 Off-Street Spaces
  • Gravel Driveway
  • Fenced Parking

Utilities

  • Radiator
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, electricity, insurance, miscellaneous, sewer, real estate taxes, trash collection, water
  • Tax Lot 00015
  • Assessor Parcel Number 11-02206-00015

Community Details

Overview

  • 3 Units
  • 3-Story Building
  • Cadwalader Terrace Subdivision

Building Details

  • Income includes apartment rentals
  • Net Operating Income $6,089

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,098

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Historic: Yes
  • Home Warranty: No
  • Inclusions: Refrigerator, Range
  • New Construction: No
  • Year Built: 1887
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Attention All Investors! Terrific opportunity to own a well maintained Historic investment property. Live in one and rent out the two other units or use this solely as an income producing property. Great income potential. Seller will provide C/O from the City of Trenton. Historic Trenton 3 Unit Building. Fully occupied. Apt 1 is 2 bedroom/1 bath at $1,100/month, lease expires December 2021, Apt 2 is 3 bedroom/1 bath at $950/month, long time tenant is month to month and Apt 3 is Studio/efficiency with 1 bath at $667/month, long time tenant going month to month. Property provides fenced parking area with at least 4 spaces. On street parking available as well.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl
  • Interior Amenities: Kitchen - Eat-In, Kitchen - Galley, Soaking Tub
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2477
  • Living Area Sq Ft: 2477
  • Price Per Sq Ft: 125.11
  • Above Grade Finished Sq Ft: 2477
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 508

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights, Fire Escape
  • Roof: Asbestos Shingle, Pitched, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Fenced, Gravel Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 4
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: TRENTON PUBLIC SCHOOLS
  • School District Key: 300200396606
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 83200.00
  • Land Assessed Value: 8600.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 25.00 x 131.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3275.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: HIST

Rental Info

  • Existing Lease Type: Month To Month, Gross
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Common Area Maintenance, Electricity, Insurance, Miscellaneous, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 32604.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Income: 32604.00
  • Income Includes: Apartment Rentals
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 2147972
  • Tax Annual Amount: 5098.00
  • Assessor Parcel Number: 11-02206-00015
  • Tax Lot: 00015
  • Tax Total Finished Sq Ft: 2477
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 05/14/2022

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2010
Sold by
Lambert Raynor E
Bought by
Trenton Realty Investments Llc
Total Days on Market
151
Current Estimated Value
$263,221

Purchase Details

Closed on
Mar 18, 2005
Sold by
Jones Henry
Bought by
Lambert Raynor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,750
Interest Rate
5.7%

Purchase Details

Closed on
Dec 3, 2002
Sold by
Heil Douglas
Bought by
Jones Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.18%
Source: Public Records

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Range of Values:

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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
Trenton Realty Investments Llc $30,000 Madison Title Agency
Lambert Raynor $175,000 --
Jones Henry $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sillas Omar $232,425
Closed Trenton Realty Investments Llc $356,000
Previous Owner Lambert Raynor $148,750
Previous Owner Jones Henry $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2022 05/14/22 Sold $309,900 0.0% $125 / Sq Ft
10/25/2021 10/25/21 Price Changed $309,900 -6.1% $125 / Sq Ft
09/10/2021 09/10/21 For Sale $329,900 -- $133 / 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
2024 $5,111 $91,800 $8,600 $83,200
2023 $5,111 $91,800 $8,600 $83,200
2022 $5,010 $91,800 $8,600 $83,200
2021 $5,098 $91,800 $8,600 $83,200
2020 $5,081 $91,800 $8,600 $83,200
2019 $4,999 $91,800 $8,600 $83,200
2018 $4,916 $94,300 $8,600 $85,700
2017 $4,673 $94,300 $8,600 $85,700
2016 $3,693 $64,200 $11,400 $52,800
2015 $3,681 $64,200 $11,400 $52,800
2014 $3,663 $64,200 $11,400 $52,800
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2022

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

Map

Source: Bright MLS

MLS Number: NJME2004790

Bright MLS

APN: 11-02206-0000-00015

New Jersey Mercer County Trenton 08618 West End

508 W State St, Trenton, NJ

This home is located at 508 W State St, Trenton, NJ 08618 since 10 September 2021 and is currently estimated at $263,221, approximately $106 per square foot. This property was built in 1887. 508 W State St is a home located in Mercer County with nearby schools including Luis Munoz Rivera Elementary School, Trenton Central High School - Main Campus, and Foundation Academy Charter School.

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