NOT LISTED FOR SALE

509 Morgan Ave Palmyra, NJ 08065

Estimated Value: $268,000 - $374,000

-- Bed
-- Bath
1,650 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 06, 2012

Last sale price $113,900 $69 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $2,344/month

94 Days on Market

Highlights

  • No HOA
  • 3-minute walk to Palmyra
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of June 2012

This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down. This property is approved for HomePath Renovation Mortgage Financing. This Fannie Mae owned duplex features open front porch, separate heating systems, fenced backyard w/patio, on site parking, & more. Unit #1 features 2 bedrooms, 1 bath, living room, dining room, kitchen, access to basement w/laundry & bilco door to exterior. Unit #2 features 1 bedroom, 1 bath, living room, eat-in kitchen, & access to attic. Walking distance to River Line. Being sold in strictly "as is" condition--work is needed. Buyer is responsible for all repairs, certifications, & municipal requirements. Easy to show. Bring offers. Pre-qualification or proof-of-funds & Owner Occupant Certification (owner occupants only) is a requirement for Seller's final acceptance.

Last Agent to Sell the Property

George Smith

World Net Realty/SJ License #8030834 Listed on: 01/03/2012

Last Buyer's Agent

SMARA VOGLESONG

BHHS Fox & Roach-Medford License #TREND:60026598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,903

Year Built

  • Built in 1922

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • Driveway

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,650 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Palmyra High School

Utilities

  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Operating Expense $5,903

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 27-00082-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,903

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Remarks Public: This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down. This property is approved for HomePath Renovation Mortgage Financing. This Fannie Mae owned duplex features open front porch, separate heating systems, fenced backyard w/patio, on site parking, & more. Unit #1 features 2 bedrooms, 1 bath, living room, dining room, kitchen, access to basement w/laundry & bilco door to exterior. Unit #2 features 1 bedroom, 1 bath, living room, eat-in kitchen, & access to attic. Walking distance to River Line. Being sold in strictly "as is" condition--work is needed. Buyer is responsible for all repairs, certifications, & municipal requirements. Easy to show. Bring offers. Pre-qualification or proof-of-funds & Owner Occupant Certification (owner occupants only) is a requirement for Seller's final acceptance.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1650
  • Living Area Sq Ft: 1650
  • Price Per Sq Ft: 69.03
  • Above Grade Finished Sq Ft: 1650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 509

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • 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

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: PALMYRA BOROUGH PUBLIC SCHOOLS
  • High School: PALMYRA
  • School District Key: 300200396966
  • High School: PALMYRA

Lot Info

  • Improvement Assessed Value: 92400.00
  • Land Assessed Value: 25000.00
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50X150
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Zoning: RES.

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1714280
  • Tax Annual Amount: 5903.00
  • Assessor Parcel Number: 27-00082-00002
  • Tax Lot: 00002
  • Tax Year: 2011
  • Close Date: 06/06/2012

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2012
Closed on
May 16, 2012
Sold by
Federal National Mortgage Association
Bought by
Kennedy Colby Joseph
Seller's Agent
George Smith
World Net Realty/SJ
Buyer's Agent
SMARA VOGLESONG
BHHS Fox & Roach-Medford
List Price
$130,900
Sold Price
$113,900
Premium/Discount to List
-$17,000
-12.99%
Current Estimated Value
$314,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,557
Avg. Annual Appreciation
7.52%
Original Mortgage
$108,205
Interest Rate
3.84%
Mortgage Type
VA

Purchase Details

Closed on
Nov 7, 2011
Sold by
Wood Thomas E and Wood Thomas H
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 9, 2007
Sold by
Dare Frederick C
Bought by
Wood Thomas E and Wood Thomas H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kennedy Colby Joseph $113,900 Commonwealth Land Title Insu
Federal National Mortgage Association -- None Available
Wood Thomas E $160,000 Township Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennedy Colby Joseph $108,750
Closed Kennedy Colby Joseph $108,205
Previous Owner Wood Thomas H $159,000
Previous Owner Wood Thomas E $144,000
Previous Owner Dare Frederick C $78,863
Previous Owner Dare Frederick C $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2012 06/06/12 Sold $113,900 -13.0% $69 / Sq Ft
04/06/2012 04/06/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $130,900 -- $79 / 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
2025 $7,571 $175,100 $60,000 $115,100
2024 $7,414 $175,100 $60,000 $115,100
2023 $7,414 $175,100 $60,000 $115,100
2021 $6,986 $175,100 $60,000 $115,100
2020 $7,013 $175,100 $60,000 $115,100
2019 $6,792 $175,100 $60,000 $115,100
2018 $6,696 $175,100 $60,000 $115,100
2017 $6,610 $175,100 $60,000 $115,100
2016 $6,480 $175,100 $60,000 $115,100
2015 $6,388 $175,100 $60,000 $115,100
2014 $6,106 $175,100 $60,000 $115,100
Source: Public Records

Agents Affiliated with this Home

  • George Smith

    Seller's Agent in 2012

    George Smith

    World Net Realty/SJ

    (609) 841-2934

    34 Total Sales

    Section Image

  • S

    Buyer's Agent in 2012

    SMARA VOGLESONG

    BHHS Fox & Roach

See All Agents

Map

Source: Bright MLS

MLS Number: 1003803252

Bright MLS

APN: 27-00082-0000-00002

New Jersey Burlington County Palmyra 08065

509 Morgan Ave, Palmyra, NJ

This home is located at 509 Morgan Ave, Palmyra, NJ 08065 since 03 January 2012 and is currently estimated at $314,457, approximately $190 per square foot. This property was built in 1922. 509 Morgan Ave is a home located in Burlington County with nearby schools including Charles Street School, Palmyra Middle School, and Palmyra High School.

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