$180,000
SOLD MAY 29, 2020

518 Race St Palmyra, NJ 08065

-- Bed
-- Bath
1,920 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$94 Per Sq Ft

3% Below List Price

69 Days on Market

Highlights

  • No HOA
  • Electric Baseboard Heater
  • Dwelling with Rental
  • Level Entry For Accessibility

About This Home

As of June 2024

Victorian duplex located a block from River Line. Already rented. This is for investment only at this time. There are two leases. First floor $1300 a month 2nd floor $900 a month, Lease will be transferred over with any security fees at time of settlement. Home has a wrap around extended deck, cement driveway for tenant parking, separate gas and electric meters and full basement with washer and dryer. Major systems are approximately1 0 years old.. First floor unit was recently remodeled. Need 48 hours notice to view , Tenant will let in unit. Professional pics coming soon

Last Agent to Sell the Property

Robin Baselice

Weichert Realtors-Turnersville License #0233156 Listed on: 02/22/2020

Weichert Realtors-Turnersville

Last Buyer's Agent

Justin Pencook

Society

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,558

Year Built

  • Built in 1910 | Remodeled in 2019

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00

Home Design

  • 1,920 Sq Ft Home
  • Duplex
  • Dwelling with Rental
  • Poured Concrete
  • Frame Construction

Parking

  • Driveway
  • On-Street Parking

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00001
  • Assessor Parcel Number 27-00110-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,558

Year Built

Built in 1910 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Dwelling With Rental
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Inclusions: Washer/dryer stove ceiling fan
  • New Construction: No
  • Year Built: 1910
  • Year Renovated: 2019
  • Remarks Public: Victorian duplex located a block from River Line. Already rented. This is for investment only at this time. There are two leases. First floor $1300 a month 2nd floor $900 a month, Lease will be transferred over with any security fees at time of settlement. Home has a wrap around extended deck, cement driveway for tenant parking, separate gas and electric meters and full basement with washer and dryer. Major systems are approximately1 0 years old.. First floor unit was recently remodeled. Need 48 hours notice to view , Tenant will let in unit. Professional pics coming soon
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Poured Concrete
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 96.35
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 518

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PALMYRA BOROUGH PUBLIC SCHOOLS
  • School District Key: 300200396966
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4000.00
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL
  • Zoning Description: Duplex

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 26400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4558.00
  • Assessor Parcel Number: 27-00110-00001
  • Tax Lot: 00001
  • Tax Total Finished Sq Ft: 1920
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/29/2020

MLS Schools

  • School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS

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
$282,931

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
Source: Public Records

Range of Values:

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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 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

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 $6,228 $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

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Map

Source: Bright MLS

MLS Number: NJBL367422

Bright MLS

APN: 27-00110-0000-00001