NOT LISTED FOR SALE

516 Grand Ave Trenton, NJ 08610

Estimated Value: $375,906 - $467,000

-- Bed
-- Bath
2,203 Sq Ft
$189/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $370,000 $168 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,977/month

15 Days on Market

About This Home

As of July 2023

Don't miss this unassumingly large and newly renovated 2-family home, perfect for an owner-occupant to move right in and start earning rental income, or as an investment property. The first floor features 2-bedrooms and 1-bathroom, living room, office, eat-in-kitchen, and basement access with laundry. Freshly painted, updated flooring, new kitchen and bath plus appliances. The upstairs unit is 2-bedroom, 1-bathroom unit with living room and office. New paint and flooring, updated kitchen and bathroom complete the large unit.

Last Agent to Sell the Property

Shana Cohen

Keller Williams Town Life Realty Listed on: 05/01/2023

Keller Williams Town Life Realty

Last Buyer's Agent

Nycole Miller

David DePaola and Company Real Estate License #2078373

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,723

Year Built

  • Built in 1955

Lot Details

  • 6,299 Sq Ft Lot
  • Lot Dimensions are 50.00 x 126.00

Parking

  • Driveway

Home Design

  • 2,203 Sq Ft Home
  • Duplex
  • Cape Cod Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Utilities

  • Hot Water Baseboard Heater
  • Electric Water Heater

Community Details

  • 2 Units
  • 1 Vacant Unit

Listing and Financial Details

  • Tax Lot 00027
  • Assessor Parcel Number 03-02346-00027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,723

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Concrete Perimeter
  • Total Sq Ft: 2203
  • Living Area Sq Ft: 2203
  • Price Per Sq Ft: 158.42
  • Above Grade Finished Sq Ft: 2203
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: HAMILTON TOWNSHIP
  • School District Key: 300200396172
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 50.00 x 126.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6299.00
  • Year Assessed: 2022
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 17100.00
  • Units Leased Count: 1
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 6723.00
  • Assessor Parcel Number: 03-02346-00027
  • Tax Lot: 00027
  • Tax Total Finished Sq Ft: 2203
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/07/2023

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jul 7, 2023
Sold by
Us Bank Trust Na
Bought by
Pierre Wanel
Seller's Agent
Shana Cohen
Keller Williams Town Life Realty
Buyer's Agent
Nycole Miller
David DePaola and Company Real Estate
List Price
$349,000
Sold Price
$370,000
Premium/Discount to List
$21,000
6.02%
Views
220
Current Estimated Value
$435,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,192
Avg. Annual Appreciation
7.46%
Original Mortgage
$363,298
Outstanding Balance
$355,485
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$73,289

Purchase Details

Closed on
May 20, 2022
Sold by
Carisbrook Asset Holding Trust
Bought by
Kingsmead Asset Holding Trust

Purchase Details

Closed on
Sep 17, 2018
Sold by
Peterson Kecia
Bought by
Carisbrook Asset Holdings Trusts

Purchase Details

Closed on
Dec 22, 2006
Sold by
Peterson Jerome
Bought by
Peterson Jerome and Peterson Kecia

Purchase Details

Closed on
Jul 2, 1998
Sold by
Elliott Charlotte
Bought by
Peterson Jerome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
6.99%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Pierre Wanel $370,000 None Listed On Document
Kingsmead Asset Holding Trust -- Cook Harold P
Carisbrook Asset Holdings Trusts -- None Available
Peterson Jerome -- --
Peterson Jerome $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierre Wanel $363,298
Previous Owner Peterson Jerome $279,125
Previous Owner Peterson Jerome $86,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $370,000 +6.0% $168 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $349,000 -- $158 / 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 $6,831 $206,800 $31,000 $175,800
2023 $6,831 $206,800 $31,000 $175,800
2022 $6,723 $206,800 $31,000 $175,800
2021 $8,320 $206,800 $31,000 $175,800
2020 $7,575 $206,800 $31,000 $175,800
2019 $7,352 $206,800 $31,000 $175,800
2018 $7,255 $206,800 $31,000 $175,800
2017 $6,932 $206,800 $31,000 $175,800
2016 $5,592 $206,800 $31,000 $175,800
2015 $6,391 $122,700 $20,000 $102,700
2014 $6,308 $122,700 $20,000 $102,700
Source: Public Records

Agents Affiliated with this Home

  • Shana Cohen

    Seller's Agent in 2023

    Shana Cohen

    Keller Williams Town Life Realty

    (201) 912-5683

    3 in this area

    242 Total Sales

    Section Image
  • Nycole Miller

    Buyer's Agent in 2023

    Nycole Miller

    David DePaola and Company Real Estate

    (609) 325-8226

    2 in this area

    15 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJME2029586

Bright MLS

APN: 03-02346-0000-00027

New Jersey Mercer County Trenton 08610

516 Grand Ave, Trenton, NJ

This home is located at 516 Grand Ave, Trenton, NJ 08610 since 01 May 2023 and is currently estimated at $415,727, approximately $188 per square foot. This property was built in 1955. 516 Grand Ave is a home located in Mercer County with nearby schools including George E. Wilson Elementary School, Albert E. Grice Middle School, and Hamilton West-Watson High School.

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