518 Race St Palmyra, NJ 08065
5
Beds
2
Baths
1,920
Sq Ft
4,000
Sq Ft Lot
Highlights
- Victorian Architecture
- 2 Detached Carport Spaces
- Electric Baseboard Heater
- No HOA
About This Home
As of June 2024NOW VACANT - buyer financing fell thru! Offers due by 6/11 5pm. Spacious corner property ideal for house hacking, live in one unit, rent the other to offset your
mortgage. Great income property located in Palmyra, one of NJ’s Opportunity Zones. Invest
now with tax saving opportunities. Solid Duplex with a first floor spacious 3 bedroom 1 bath, to
be delivered vacant with rental potential of $1850 + per month. Second floor unit, 2 Bed 1 bath, potential $1600+ . Some major components updated
within the last few years like roof, and parging in the basement, gas heat unit completely rebuilt.
Some cosmetics will allow this property to max out on market rental rates. Quiet residential
neighborhood with oversized wood deck for tenant’s enjoyment, spacious rear yard and covered
carport. As-is sale, buyer responsible for twp CO transfer.
Last Agent to Sell the Property
Century 21 Veterans-Newtown License #RS307403 Listed on: 03/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,228
Year Built
- Built in 1910
Lot Details
- 4,000 Sq Ft Lot
- Lot Dimensions are 40.00 x 100.00
- Chain Link Fence
- Property is in average condition
- Zoning described as Duplex
Home Design
- Victorian Architecture
- Flat Roof Shape
- Block Foundation
- Stone Foundation
- Frame Construction
- Asphalt Roof
Interior Spaces
- 1,920 Sq Ft Home
- Property has 3 Levels
- Gas Oven or Range
Bedrooms and Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 4 Parking Spaces
- 2 Driveway Spaces
- 2 Detached Carport Spaces
- On-Street Parking
Utilities
- Window Unit Cooling System
- Electric Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
Additional Features
- Exterior Lighting
- Suburban Location
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 27-00110-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2024
Closed on
May 30, 2024
Sold by
Mindny Spadaccino Llc
Bought by
Quintas Paulo and Cezario Silvana
Seller's Agent
Melanie Elliott
Century 21 Veterans-Newtown
Buyer's Agent
Anna Alves
Keller Williams Realty - Moorestown
List Price
$265,000
Sold Price
$265,000
Views
217
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,931
Avg. Annual Appreciation
6.13%
Original Mortgage
$198,750
Outstanding Balance
$197,106
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$85,825
Purchase Details
Listed on
Feb 22, 2020
Closed on
May 29, 2020
Sold by
Phoenix Construction Of Investments Llc
Bought by
Mindy Spadaccino Llc
Seller's Agent
Robin Baselice
Weichert Realtors-Turnersville
Buyer's Agent
Justin Pencook
Society
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Purchase Details
Listed on
Apr 21, 2019
Closed on
Nov 13, 2019
Sold by
Diaz Abraham and Diaz Graciela
Bought by
Phoenix Construction & Investment Llc
Seller's Agent
Carmen Del Valle
Weichert Realtors-Medford
Buyer's Agent
Veronica Vetro
Connection Property Management
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.36%
Original Mortgage
$101,250
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 27, 1993
Bought by
Diaz Abraham and Diaz Graciela
Similar Homes in Palmyra, NJ
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $265,000 | Core Title | |
| Deed | $180,000 | National Integrity Llc | |
| Deed | $135,000 | Genuine Title Agency Llc | |
| Deed | $87,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $198,750 | New Conventional | |
| Previous Owner | $135,000 | Unknown | |
| Previous Owner | $101,250 | New Conventional | |
| Previous Owner | $108,750 | New Conventional | |
| Previous Owner | $20,565 | Unknown | |
| Previous Owner | $33,000 | Unknown | |
| Previous Owner | $25,068 | Unknown | |
| Previous Owner | $108,000 | Unknown | |
| Previous Owner | $108,000 | Unknown | |
| Previous Owner | $27,661 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2024 06/13/24 | Sold | $265,000 | 0.0% | $138 / Sq Ft |
| 06/13/2024 06/13/24 | Sold | $265,000 | 0.0% | $138 / Sq Ft |
| 06/08/2024 06/08/24 | For Sale | $265,000 | 0.0% | $138 / Sq Ft |
| 06/08/2024 06/08/24 | For Sale | $265,000 | 0.0% | $138 / Sq Ft |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- |
| 03/01/2024 03/01/24 | For Sale | $265,000 | 0.0% | $138 / Sq Ft |
| 03/01/2024 03/01/24 | For Sale | $265,000 | +47.2% | $138 / Sq Ft |
| 05/29/2020 05/29/20 | Sold | $180,000 | -2.7% | $94 / Sq Ft |
| 05/01/2020 05/01/20 | Pending | -- | -- | -- |
| 02/22/2020 02/22/20 | For Sale | $185,000 | +37.0% | $96 / Sq Ft |
| 11/14/2019 11/14/19 | Sold | $135,000 | -3.6% | -- |
| 11/07/2019 11/07/19 | For Sale | $140,000 | 0.0% | -- |
| 08/21/2019 08/21/19 | Pending | -- | -- | -- |
| 06/25/2019 06/25/19 | Price Changed | $140,000 | -3.4% | -- |
| 06/12/2019 06/12/19 | Price Changed | $145,000 | -2.7% | -- |
| 04/21/2019 04/21/19 | For Sale | $149,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,228 | $147,100 | $36,000 | $111,100 |
| 2023 | $6,228 | $147,100 | $36,000 | $111,100 |
| 2022 | $6,081 | $147,100 | $36,000 | $111,100 |
| 2021 | $5,867 | $147,100 | $36,000 | $111,100 |
| 2020 | $4,706 | $117,500 | $36,000 | $81,500 |
| 2019 | $4,558 | $117,500 | $36,000 | $81,500 |
| 2018 | $4,493 | $117,500 | $36,000 | $81,500 |
| 2017 | $4,436 | $117,500 | $36,000 | $81,500 |
| 2016 | $4,349 | $117,500 | $36,000 | $81,500 |
| 2015 | $4,286 | $117,500 | $36,000 | $81,500 |
| 2014 | $4,097 | $117,500 | $36,000 | $81,500 |
Source: Public Records
Agents Affiliated with this Home
-
Melanie Elliott
Seller's Agent in 2024
Melanie Elliott
Century 21 Veterans-Newtown
(267) 243-8939
102 Total Sales
-
Anna Alves
Buyer's Agent in 2024
Anna Alves
Keller Williams Realty - Moorestown
(609) 381-3182
141 Total Sales
-
Robin Baselice
Seller's Agent in 2020
Robin Baselice
Weichert Corporate
(609) 254-7761
147 Total Sales
-
Justin Pencook
J
Buyer's Agent in 2020
Justin Pencook
Society
(609) 560-3964
34 Total Sales
-
Carmen Del Valle
Seller's Agent in 2019
Carmen Del Valle
Weichert Corporate
(856) 275-6794
25 Total Sales
-
Veronica Vetro
Buyer's Agent in 2019
Veronica Vetro
Connection Property Management
(215) 806-1817
15 Total Sales
Map
Source: Bright MLS
MLS Number: NJBL2060162
APN: 27-00110-0000-00001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 508 Vine St
- 313 Race St
- 319 W 4th St
- 308 W 3rd St
- 455 Horace Ave
- 223 Horace Ave
- 412 Horace Ave
- 103 W Charles St
- 519 Jefferson St
- 126 Leconey Cir
- 513 Garfield Ave
- 637 Garfield Ave
- 417 Veterans Dr
- 12 E Charles St
- 5 Virginia Ave
- 401 Morgan Ave
- 168 Fairfax Dr
- 24 Cuthbert Rd
- 150 Fairfax Dr
- 2193 Harbour Dr Unit 2193