NOT LISTED FOR SALE

521 5th St Paulsboro, NJ 08066

Estimated Value: $328,000 - $368,000

-- Bed
-- Bath
3,100 Sq Ft
$112/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $150,000 $48 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $2,519/month

358 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Radiator

About This Home

As of April 2018

"Great Positive Cash Flow" "Investors Dream" Don't miss out on this great investment property with great positive cash flow that features 4-two bedroom apartments with a total approximately 3,100 sqft. The property is known as 519-521 5th Street with apartments A & B for each. The tenants pay their own gas and electric bills which are all metered separately. The only bill the landlord pays is the flat fee of $1,950 total for the year for the water & sewer bill. If you run the numbers for income and expenses, this is a real money maker monthly. The property is located near the new Port of Paulsboro which is going to grow the economy and housing market of Paulsboro making this even a better investment property. Also conveniently located near Rt 295 North and South to be in the City or Delaware with 15-20 minutes. Run the numbers and you will see why this is a good one!

Last Agent to Sell the Property

Ron Bruce

BHHS Fox & Roach-Mullica Hill South License #8541117 Listed on: 04/24/2017

BHHS Fox & Roach-Mullica Hill South

Last Buyer's Agent

Joshua Faust

Century 21 Town & Country Realty - Woodstown License #1755015

Century 21 Town & Country Realty - Woodstown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,246

Year Built

  • Built in 1920

Lot Details

  • 6,360 Sq Ft Lot
  • Lot Dimensions are 53x120
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,100 Sq Ft Home
  • Unfinished Basement
  • Partial Basement

Schools

  • Paulsboro High School

Utilities

  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 14-00045-00012

Community Details

Overview

  • No Home Owners Association
  • Billingsport Subdivision

Building Details

  • Insurance Expense $1,900
  • Other Expense $400
  • Operating Expense $10,201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,246

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: 4- Refrigerators, 4- Ranges
  • New Construction: No
  • Other Expense: 400.00
  • Year Built: 1920
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 3100
  • Living Area Sq Ft: 3100
  • Price Per Sq Ft: 54.81
  • Above Grade Finished Sq Ft: 3100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 521

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1950.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PAULSBORO PUBLIC SCHOOLS
  • High School: PAULSBORO
  • School District Key: 300200397138
  • High School: PAULSBORO

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 53X120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6360.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: MUL

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 38700.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Tax Annual Amount: 6246.00
  • Assessor Parcel Number: 14-00045-00012
  • Tax Lot: 00012
  • Tax Year: 2017
  • Close Date: 04/27/2018

MLS Schools

  • School District Name: PAULSBORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Cushman Faust Joshua
Bought by
Dorval Maxime
Current Estimated Value
$347,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Outstanding Balance
$163,291
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$196,907

Purchase Details

Listed on
Apr 24, 2017
Closed on
Apr 27, 2018
Sold by
Zaleski Robert J and Rivera Joyce L
Bought by
Cushman Faust Joshua
Seller's Agent
Ron Bruce
BHHS Fox & Roach-Mullica Hill South
Buyer's Agent
Joshua Faust
Century 21 Town & Country Realty - Woodstown
List Price
$169,900
Sold Price
$150,000
Premium/Discount to List
-$19,900
-11.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.79%
Original Mortgage
$112,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 1999
Sold by
Murillo Jose and Murillo Kathleen
Bought by
Zaleski Robert J and Rivera Joyce L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,600
Interest Rate
6.76%
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
Dorval Maxime $230,000 Title Masters Llc
Cushman Faust Joshua $150,000 Coretitle
Zaleski Robert J $134,000 Intercoastal Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorval Maxime $176,000
Previous Owner Cushman Faust Joshua $112,500
Previous Owner Zaleski Robert J $165,000
Previous Owner Zaleski Robert J $120,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $150,000 -11.7% $48 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $169,900 0.0% $55 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/02/2018 02/02/18 Price Changed $169,900 -2.9% $55 / Sq Ft
01/08/2018 01/08/18 Price Changed $174,900 -2.8% $56 / Sq Ft
12/08/2017 12/08/17 Price Changed $179,900 -7.7% $58 / Sq Ft
06/02/2017 06/02/17 Price Changed $194,900 -2.5% $63 / Sq Ft
04/24/2017 04/24/17 For Sale $199,900 -- $64 / 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 $7,179 $197,000 $18,700 $178,300
2023 $7,179 $163,300 $18,700 $144,600
2022 $7,048 $163,300 $18,700 $144,600
2021 $6,911 $163,300 $18,700 $144,600
2020 $6,868 $163,300 $18,700 $144,600
2019 $6,653 $163,300 $18,700 $144,600
2018 $6,272 $163,300 $18,700 $144,600
2017 $6,246 $163,300 $18,700 $144,600
2016 $5,951 $163,300 $18,700 $144,600
2015 $5,916 $163,300 $18,700 $144,600
2014 $5,645 $167,600 $21,700 $145,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000357965

Bright MLS

APN: 14-00045-0000-00012