NOT LISTED FOR SALE

521 E Brook Ln Galloway, NJ 08205

Estimated Value: $301,000 - $350,000

Studio
-- Bath
-- Sq Ft
21,606 Sq Ft Lot

Last Sold February 26, 2024

Last sale price $307,775

Est. 8% increase in value since last sale

Current estimated payment $2,075/month

34 Days on Market

About This Home

As of February 2024

***INVESTORS NEW LISTING ALERT***2 HOMES ON 1 LOT W/ 1 TAX BILL***SEPARATE METERS FOR ELECTRIC, WATER & SEWER***0.49 ACRE***TAXES $4,082*** DOS CASA @ BROOK LN~Absolutely AMAZING investment opportunity in Galloway featuring 2 income properties on 1 parcel of land! 1st home is 2 bed 1 bath w/full unfinished basement! HVAC was updated 4 years ago, features central air along with gas forced-air heat. Gas water heater. Enclosed porch area at front of home. Loft bedroom on 2nd floor. Full bed & bath are on main floor along with family room & kitchen. Home is very well maintained and shows very well. Rent is month to month @ $1,350. 2nd home consists of family room, kitchen, bedroom along with full bath. Heat is electric as well as water heater. Rent is month to month @ $650. With a renovation of the cottage, this number will go up exponentially. Gas on property, cottage could easily be converted. Eventual plans for a 2nd floor are more than doable. Above ground oil tank is not in use and will be removed prior to closing.

Last Agent to Sell the Property

Christian Lucia

LPT Realty Listed on: 11/16/2023

Last Buyer's Agent

KAREN SALVO, SFR

Century 21 Action Plus Realty - Northfield

Century 21 Action Plus Realty - Northfield

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • Lot Dimensions are 96x225

Home Design

  • Duplex
  • Vinyl Siding

Kitchen

  • Stove
  • Microwave

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry

Parking

  • 3 Parking Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0.5 Acres

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1931
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Stove, Gas Stove, Microwave, Refrigerator
  • Basement: Full, Inside Entrance, Partial

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Gravel
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central, Window Units
  • Heating: Electric, Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric, Gas

Lot Info

  • Lot Dimensions: 96X225

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 2
  • Separate Meters: Electric, Gas, Sewer, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 16, 2024
Sold by
Falivene Gerald G and Falivene Stephanie R
Bought by
Marin Steven and Perez Noemi
Seller's Agent
Christian Lucia
LPT Realty
Buyer's Agent
KAREN SALVO, SFR
Century 21 Action Plus Realty - Northfield
List Price
$307,775
Sold Price
$307,775
Views
141
Current Estimated Value
$333,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,314
Avg. Annual Appreciation
3.91%
Original Mortgage
$302,199
Outstanding Balance
$296,878
Interest Rate
6.63%
Mortgage Type
FHA
Estimated Equity
$36,211

Purchase Details

Closed on
Mar 4, 2015
Sold by
521 Brook Lane Llc
Bought by
Falivene Gerald G and Falivene Stephanie R

Purchase Details

Closed on
Apr 6, 2011
Sold by
Wallen Jerry
Bought by
521 Brook Lane Llc
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
Marin Steven $307,775 None Listed On Document
Falivene Gerald G $90,000 Surety Title
521 Brook Lane Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marin Steven $302,199
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2024 02/26/24 Sold $307,775 0.0% --
12/20/2023 12/20/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $307,775 0.0% --
03/01/2021 03/01/21 Rented -- -- --
02/09/2021 02/09/21 For Rent $1,300 +8.3% --
01/15/2020 01/15/20 Rented -- -- --
01/08/2020 01/08/20 For Rent $1,200 -- --
Source: South Jersey Shore Regional MLS

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 $4,096 $155,600 $50,000 $105,600
2024 $4,096 $122,700 $50,000 $72,700
2023 $3,940 $122,700 $50,000 $72,700
2022 $3,940 $122,700 $50,000 $72,700
2021 $3,861 $122,700 $50,000 $72,700
2020 $3,800 $122,700 $50,000 $72,700
2019 $3,730 $122,700 $50,000 $72,700
2018 $3,783 $122,700 $50,000 $72,700
2017 $3,783 $122,700 $50,000 $72,700
2016 $3,750 $122,700 $50,000 $72,700
2015 $3,733 $122,700 $50,000 $72,700
2014 $3,609 $122,700 $50,000 $72,700
Source: Public Records

Agents Affiliated with this Home

  • Christian Lucia

    Seller's Agent in 2024

    Christian Lucia

    LPT Realty

    (609) 992-1051

    86 in this area

    345 Total Sales

    Christian Lucia
    Section Image
  • KAREN SALVO, SFR

    Buyer's Agent in 2024

    KAREN SALVO, SFR

    Century 21 Action Plus Realty - Northfield

    (609) 513-8127

    12 in this area

    93 Total Sales

    KAREN SALVO, SFR
    Section Image

  • K

    Seller's Agent in 2021

    Kevin Weeks

    GALLOWAY REAL ESTATE INC

    (609) 204-5801

    7 in this area

    33 Total Sales

    Kevin Weeks
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 579724

South Jersey Shore Regional MLS

APN: 11-01064-01-00019

New Jersey Atlantic County Galloway 08205

521 E Brook Ln, Galloway, NJ

Not Listed for Sale

MultiFamily

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