NOT LISTED FOR SALE

509 S Broadway Pitman, NJ 08071

Estimated Value: $351,918 - $415,000

-- Bed
-- Bath
2,055 Sq Ft
$188/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $295,000 $144 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,825/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Eat-In Kitchen
  • Radiator
  • Wood Flooring
  • Ceiling Fan

About This Home

As of April 2022

Investment Opportunity!Victorian Duplex available in Pitman! Invest here and have 2 income streams from one purchase, or be an owner-occupant, and let collect the rent to pay your mortgage! The 1st floor unit offers a fully equipped eat-in Kitchen, Dining Room, Living Room, a full Bathroom, and two generously sized Bedrooms; The 2nd Floor unit offers a separate entrance, a full eat-in Kitchen, a Living Room, and Two Bedrooms, plus the 3rd the finished attic space, a possible family room, home office, or additional bedroom, plus plenty of storage space. The basement offers space for laundry, the mechanicals, and storage and has it's own entrance from outside. New natural gas boiler. Large yard, and very large parking area - plenty of space here!

Last Listed By

David Marcantuno

Keller Williams Hometown License #1222774 Listed on: 02/15/2022

Keller Williams Hometown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1905

Lot Details

  • 0.32 Acre Lot
  • Property is in average condition

Home Design

  • Duplex
  • Colonial Architecture
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,055 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Stove
  • Built-In Microwave

Flooring

  • Wood
  • Carpet

Laundry

  • Washer
  • Gas Dryer

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Stone Driveway
  • On-Street Parking
  • Parking Lot

Schools

  • Pitman Elementary School
  • Pitman Middle School
  • Pitman High School

Utilities

  • Radiator
  • 150 Amp Service
  • 120/240V
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 15-00061-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,800

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Belongings And Personal Property
  • Home Warranty: No
  • Inclusions: Existing appliances included, as-is condition
  • New Construction: No
  • Expected On Market: 2022-02-15
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Remarks Public: Investment Opportunity!Victorian Duplex available in Pitman! Invest here and have 2 income streams from one purchase, or be an owner-occupant, and let collect the rent to pay your mortgage! The 1st floor unit offers a fully equipped eat-in Kitchen, Dining Room, Living Room, a full Bathroom, and two generously sized Bedrooms; The 2nd Floor unit offers a separate entrance, a full eat-in Kitchen, a Living Room, and Two Bedrooms, plus the 3rd the finished attic space, a possible family room, home office, or additional bedroom, plus plenty of storage space. The basement offers space for laundry, the mechanicals, and storage and has it's own entrance from outside. New natural gas boiler. Large yard, and very large parking area - plenty of space here!
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Dryer - Gas, Refrigerator, Stove, Washer
  • Interior Amenities: Carpet, Ceiling Fan(s), Kitchen - Eat-In, Wood Floors
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 12
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2055
  • Living Area Sq Ft: 2055
  • Price Per Sq Ft: 1435.52
  • Above Grade Finished Sq Ft: 2055
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 509

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Driveway, On Street, Parking Lot
  • Parking Lot Number Of Spaces: 12

Utilities

  • Central Air Conditioning: No
  • Electric Service: 150 Amps, Circuit Breakers, 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PITMAN BORO PUBLIC SCHOOLS
  • Elementary School: PITMAN
  • Middle School: PITMAN M.S.
  • High School: PITMAN H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396141
  • School District Source: Listing Agent
  • Elementary School: PITMAN
  • High School: PITMAN H.S.
  • Middle Or Junior School: PITMAN M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 129200.00
  • Land Assessed Value: 44800.00
  • Lot Size Acres: 0.32
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Rent Control: No
  • Total Actual Rent: 28800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2024398
  • Tax Annual Amount: 7800.00
  • Assessor Parcel Number: 15-00061-00002
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 2055
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/08/2022

MLS Schools

  • School District Name: PITMAN BORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Apr 8, 2022
Sold by
Jjg Vacations Llc
Bought by
Morella John T
Seller's Agent
David Marcantuno
Keller Williams Hometown
Buyer's Agent
Juli Morella
Weichert Realtors-Mullica Hill
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%
Total Days on Market
9
Current Estimated Value
$386,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,730
Avg. Annual Appreciation
9.22%
Original Mortgage
$265,500
Outstanding Balance
$252,538
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$134,192

Purchase Details

Listed on
Mar 17, 2019
Closed on
Sep 4, 2019
Sold by
Lamb Kenneth D and Lamb Barbara U
Bought by
Jjg Vacations Llc
Seller's Agent
Christopher Valianti
RE/MAX Preferred - Mullica Hill
Buyer's Agent
Nestor Colon
Eliakim Realty Inc
List Price
$224,900
Sold Price
$212,000
Premium/Discount to List
-$12,900
-5.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.61%

Purchase Details

Closed on
Jan 26, 2004
Sold by
Hershey Christine
Bought by
Lamb Kenneth D and Lamb Barbara U

Purchase Details

Closed on
Nov 19, 2002
Sold by
Hershey Charles
Bought by
Hershey Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2002
Sold by
Keegan Kevin and Keegan Cheryl
Bought by
Hershey Charles and Hershey Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Morella John T $295,000 Fidelity National Title
Jjg Vacations Llc $212,000 None Available
Lamb Kenneth D $181,000 Congress
Hershey Christine -- --
Hershey Charles $150,000 Congress Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morella John $41,500
Open Morella John T $265,500
Previous Owner Hershey Christine $10,000
Previous Owner Hershey Charles $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $295,000 -1.7% $144 / Sq Ft
02/28/2022 02/28/22 Price Changed $300,000 0.0% $146 / Sq Ft
02/28/2022 02/28/22 For Sale $300,000 +1.7% $146 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/23/2022 02/23/22 Off Market $295,000 -- --
02/15/2022 02/15/22 For Sale $250,000 +17.9% $122 / Sq Ft
09/25/2019 09/25/19 Price Changed $212,000 0.0% $103 / Sq Ft
09/05/2019 09/05/19 Sold $212,000 -5.7% $103 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $224,900 +6.1% $109 / Sq Ft
03/28/2019 03/28/19 Off Market $212,000 -- --
03/17/2019 03/17/19 For Sale $224,900 -- $109 / 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 $8,169 $240,200 $52,800 $187,400
2023 $8,169 $240,200 $52,800 $187,400
2022 $7,847 $240,200 $52,800 $187,400
2021 $7,800 $174,000 $44,800 $129,200
2020 $7,708 $174,000 $44,800 $129,200
2019 $7,220 $166,900 $44,800 $122,100
2018 $7,098 $166,900 $44,800 $122,100
2017 $7,010 $166,900 $44,800 $122,100
2016 $6,875 $166,900 $44,800 $122,100
2015 $6,689 $166,900 $44,800 $122,100
2014 $6,484 $166,900 $44,800 $122,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Pitman, NJ

  • 401 N Broadway, Pitman, NJ 08071

    $349,000

    • Studio
    • 1,820 Sq Ft
    • 401 N Broadway
    • Pitman, NJ

    Nestled in the heart of Pitman, this charming duplex for sale offers a unique blend of historic charm and modern convenience. The property boasts two spacious units, each featuring two bedrooms and one bathroom. Unit A rents out for $1,350 per month and Unit B rents out for $1,650 per month ($3,000 total). This duplex is an ideal investment opportunity or a perfect place to call home for those

    Brian Eachus Young Realty

    Section Image
  • 429 Boulevard Ave, Pitman, NJ 08071

    $375,000

    • Studio
    • 1,919 Sq Ft
    • 429 Boulevard Ave
    • Pitman, NJ

    THIS one is for THE SAVVY BUYERS!****Looking to OWN a home, while ALSO having a renter PAY YOUR MORTGAGE!? Maybe you need an INLAW SUITE; OR perhaps you're an INVESTOR, looking to build your portfolio, with an easy, MOVE-IN READY duplex that produces $49,800 in total yearly rental income!? (Do the Math; w/ a cap rate of over 10%, this MAKES $ENSE!) Plus, after seeing the horrific competition

    Nick Del Bono RE/MAX Community-Williamstown

    Section Image
  • 422 Roosevelt Ave, Pitman, NJ 08071

    $350,000

    • Studio
    • 1,989 Sq Ft
    • 422 Roosevelt Ave
    • Pitman, NJ

    Great Investment Opportunity! This Pitman duplex offers two spacious units and is situated on a potentially sub-dividable lot (pending proper variances). The lower unit features 2 bedrooms, a full bathroom with a walk-in shower, a living room, dining room, kitchen with separate pantry, and main-floor laundry. The lower unit also provides access to a full, unfinished basement with a side entry.

    Hollie Dodge RE/MAX Preferred - Mullica Hill

    Section Image
  • 407 N Broadway, Pitman, NJ 08071

    $415,000

    • Studio
    • 2,885 Sq Ft
    • 407 N Broadway
    • Pitman, NJ

    Nestled in the heart of Pitman, this charming duplex for sale offers a unique blend of historic charm and modern convenience. The property boasts two spacious units, each featuring 3 bedrooms and 1 bathroom and an extra room that could count as an additional one. Both units rent out for $1,900 each per month ($3,800 total). This duplex is an ideal investment opportunity or a perfect place to

    Brian Eachus Young Realty

    Section Image

Source: Bright MLS

MLS Number: NJGL2011372

Bright MLS

APN: 15-00061-0000-00002