$212,000
SOLD SEP 5, 2019

509 S Broadway Pitman, NJ 08071

-- Bed
-- Bath
2,055 Sq Ft
0.32 Acres

Recently Sold

$103 Per Sq Ft

6% Below List Price

135 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of April 2022

How would you like to own this home and only pay out of pocket $800 a month for your mortgage? Ask me how that is possible. Brand New Roof just installed. Great opportunity to own this charming Duplex within walking distance to downtown and steps to bus transit. Take advantage of the shops, Broadway Theatre, brewery, restaurants and much more! This Duplex is situated on an over-sized lot with a ton of parking! Private driveway off S. Broadway leads you to an open parking lot. You can live in one unit and collect rental income from the other, or become an investor and rent out both units for increased cash flow. Rental market is strong in Pitman. First floor unit has full kitchen, living room, dining room and two bedrooms. The upper unit (2nd floor) offers a nice size kitchen, living room and 3 bedrooms, with 3 additional on the upper level (3rd floor). Separate entry outside for access to laundry area. Nice size rear yard. Close to malls, transportation, major highways and Rowan University. Come see why Pitman was featured in Philly Magazine as one of 10 Hottest Suburban Philadelphia Towns!

Last Agent to Sell the Property

Christopher Valianti

RE/MAX Preferred - Mullica Hill Listed on: 03/17/2019

RE/MAX Preferred - Mullica Hill

Last Buyer's Agent

Nestor Colon

Eliakim Realty Inc License #1224013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,098

Year Built

  • Built in 1905

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x139
  • Property is in good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 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

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

Schools

  • Pitman Middle School
  • Pitman High School

Utilities

  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, sewer, water
  • Assessor Parcel Number 15-00061-00002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Laundry Facilities
  • Operating Expense $7,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,098

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
  • New Construction: No
  • Year Built: 1905
  • Remarks Public: How would you like to own this home and only pay out of pocket $800 a month for your mortgage? Ask me how that is possible. Brand New Roof just installed. Great opportunity to own this charming Duplex within walking distance to downtown and steps to bus transit. Take advantage of the shops, Broadway Theatre, brewery, restaurants and much more! This Duplex is situated on an over-sized lot with a ton of parking! Private driveway off S. Broadway leads you to an open parking lot. You can live in one unit and collect rental income from the other, or become an investor and rent out both units for increased cash flow. Rental market is strong in Pitman. First floor unit has full kitchen, living room, dining room and two bedrooms. The upper unit (2nd floor) offers a nice size kitchen, living room and 3 bedrooms, with 3 additional on the upper level (3rd floor). Separate entry outside for access to laundry area. Nice size rear yard. Close to malls, transportation, major highways and Rowan University. Come see why Pitman was featured in Philly Magazine as one of 10 Hottest Suburban Philadelphia Towns!
  • 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
  • Room Count: 12
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common
  • Total Sq Ft: 2055
  • Living Area Sq Ft: 2055
  • Price Per Sq Ft: 103.16
  • Above Grade Finished Sq Ft: 2055
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 509

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • 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
  • Open Parking Spaces Count: 6
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, On Street, Parking Lot

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: PITMAN BORO PUBLIC SCHOOLS
  • Middle School: PITMAN
  • High School: PITMAN
  • School District Key: 300200396141
  • High School: PITMAN
  • Middle Or Junior School: PITMAN

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 100X139
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13900.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Gas, Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 28800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 28800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2024398
  • Tax Annual Amount: 7098.26
  • Assessor Parcel Number: 15-00061-00002
  • Tax Year: 2019
  • Close Date: 09/05/2019

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%
Current Estimated Value
$381,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,584
Avg. Annual Appreciation
7.49%
Original Mortgage
$265,500
Outstanding Balance
$252,538
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$122,422

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
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $295,000 Fidelity National Title
Deed $212,000 None Available
Deed $181,000 Congress
Interfamily Deed Transfer -- --
Deed $150,000 Congress Title Corp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $41,500 Credit Line Revolving
Open $265,500 New Conventional
Previous Owner $10,000 Credit Line Revolving
Previous Owner $120,000 Purchase Money Mortgage
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

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Map

Source: Bright MLS

MLS Number: NJGL231234

Bright MLS

APN: 15-00061-0000-00002