NOT LISTED FOR SALE

515 Cinnaminson Ave Palmyra, NJ 08065

Estimated Value: $364,000 - $448,000

-- Bed
-- Bath
2,240 Sq Ft
$181/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $429,000 $192 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,791/month

9 Days on Market

Highlights

  • 6 Car Detached Garage
  • 2-minute walk to Palmyra
  • 2-minute walk to Borough Park
  • Front and Side Yard
  • 90% Forced Air Heating and Cooling System

About This Home

As of July 2024

This is a great opportunity to own a well-maintained duplex in Palmyra, NJ. Centrally located near public transit and within walking distance to shops and more, this duplex will make a great investment or owner-occupant situation. This property features 2 separate units, the first floor being a one-bedroom, one-bath unit that is currently rented at $1,400 until 5/31/25. The second-floor unit is a 3 bedroom, 1 bath unit that is currently vacant if a buyer wants to occupy the duplex. This has been left vacant on purpose. Estimated rent for the 3-bedroom unit is $2,200(+) per month. Each unit has its own washer, dryer, central heat, and AC. There is a common entry point for both units through the front door. The lower unit has a private entrance from the back. Off-street parking is a plus here, along with a 2-car detached garage that could also be rented for additional income or used by the owner for storage. Outdoor space features a backyard & a Trex deck with a retractable awning. Both units were just freshly painted. The lower unit just had a new kitchen installed and new carpets in the bedroom. For more information, please contact the listing agent.

Last Agent to Sell the Property

Suzanne Hoover

(856) 938-4205 hooversellshomes@gmail.com Compass New Jersey, LLC - Haddon Township License #903552 Listed on: 06/01/2024

Compass New Jersey, LLC - Haddon Township

Last Buyer's Agent

Julie Bellace

(856) 325-0314 deweesbellace@gmail.com Better Homes and Gardens Real Estate Maturo

Better Homes and Gardens Real Estate Maturo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,760

Year Built

  • Built in 1900

Lot Details

  • 7,497 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00
  • Front and Side Yard
  • Property is in good condition

Parking

  • 6 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • 2,240 Sq Ft Home
  • Duplex
  • Frame Construction
  • Architectural Shingle Roof

Utilities

  • 90% Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Private Sewer

Community Details

  • 1 Vacant Unit

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 00004
  • Assessor Parcel Number 27-00084-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,760

Year Built

Built in 1900

Lot Details

0

Parking

6

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Sellers Personal Property
  • Inclusions: Fixtures and Appliances
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Other
  • Total Sq Ft: 2240
  • Living Area Sq Ft: 2240
  • Price Per Sq Ft: 191.52
  • Above Grade Finished Sq Ft: 2240
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 6.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 6
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Private Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Front Yard, Sideyard(s)
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7497.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Long Term
  • Owner Pays: Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 16800.00
  • Units Leased Count: 1
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1

Tax Info

  • Tax Annual Amount: 7760.00
  • Assessor Parcel Number: 27-00084-00004
  • Tax Lot: 00004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2025
Sold by
Cote Paul Norman and Cote Pamela Jean
Bought by
Cote 2017 Trust and Cote
Current Estimated Value
$404,506

Purchase Details

Listed on
Jun 1, 2024
Closed on
Jul 9, 2024
Sold by
Papaioannou Nickolas G and Papaioannou Shanna A
Bought by
Garcia Angel R and Garcia Mary
Seller's Agent
Suzanne Hoover
Compass New Jersey, LLC - Haddon Township
Buyer's Agent
Julie Bellace
Better Homes and Gardens Real Estate Maturo
List Price
$429,000
Sold Price
$429,000
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.14%
Original Mortgage
$129,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2018
Closed on
Jul 14, 2018
Sold by
Presner James and Presner Theresa E
Bought by
Paraioannou Nickolas G
Seller's Agent
Rosemary Gunderson
Keller Williams Realty - Cherry Hill
Buyer's Agent
Suzanne Hoover
Compass New Jersey, LLC - Haddon Township
List Price
$224,900
Sold Price
$225,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Original Mortgage
$213,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2011
Sold by
Presner Theresa E
Bought by
Presner Theresa E and Presner James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,650
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2002
Sold by
Snow David and Berrovoets Edwin
Bought by
Presner Theresa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.79%

Purchase Details

Closed on
Sep 7, 2000
Sold by
Lesiger Lawrence R
Bought by
Berrevoets Edwin and Snow David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
7.94%

Purchase Details

Closed on
Apr 14, 1998
Sold by
Trustees Of First Mutual Corp and Lesiger Lawrence R
Bought by
Lesiger Lawrence R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.68%

Purchase Details

Closed on
Nov 24, 1997
Sold by
Diversified Acceptance Corp
Bought by
First Mutual Corp and Lesiger Lawrence R

Purchase Details

Closed on
Dec 9, 1996
Sold by
First Mutual Corp
Bought by
Diversified Acceptance Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cote 2017 Trust -- None Listed On Document
Garcia Angel R $429,000 None Listed On Document
Garcia Angel R $429,000 None Listed On Document
Paraioannou Nickolas G $225,000 City Abstract Llc
Presner Theresa E -- Dba National Title Agency
Presner Theresa E $120,000 Congress Title Corp
Berrevoets Edwin $116,000 Congress Title Corp
Lesiger Lawrence R -- New Jersey Title Insurance C
First Mutual Corp -- --
Diversified Acceptance Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Angel R $129,000
Previous Owner Paraioannou Nickolas G $213,750
Previous Owner Presner Theresa E $166,650
Previous Owner Presner Theresa E $108,000
Previous Owner Berrevoets Edwin $104,400
Previous Owner Lesiger Lawrence R $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $429,000 0.0% $192 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
06/01/2024 06/01/24 For Sale $429,000 +90.7% $192 / Sq Ft
06/22/2018 06/22/18 Sold $225,000 0.0% $100 / Sq Ft View Prior Sale
06/01/2018 06/01/18 Pending -- -- --
02/17/2018 02/17/18 For Sale $224,900 0.0% $100 / Sq Ft
02/17/2018 02/17/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $224,900 -- $100 / 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 $7,926 $183,300 $48,000 $135,300
2024 $7,761 $183,300 $48,000 $135,300
2023 $7,761 $183,300 $48,000 $135,300
2022 $7,578 $183,300 $48,000 $135,300
2021 $7,314 $183,300 $48,000 $135,300
2020 $7,341 $183,300 $48,000 $135,300
2019 $7,110 $183,300 $48,000 $135,300
2018 $7,009 $183,300 $48,000 $135,300
2017 $6,920 $183,300 $48,000 $135,300
2016 $6,784 $183,300 $48,000 $135,300
2015 $6,687 $183,300 $48,000 $135,300
2014 $6,392 $183,300 $48,000 $135,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2066444

Bright MLS

APN: 27-00084-0000-00004