NOT LISTED FOR SALE

524 Cornell St Perth Amboy, NJ 08861

Amboy Avenue Neighborhood

Estimated Value: $578,000 - $673,000

Studio
-- Bath
2,282 Sq Ft
$277/Sq Ft Est. Value

Last Sold March 09, 2024

Last sale price $580,000 $254 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,159/month

296 Days on Market

About This Home

As of March 2024

Welcome to this updated 2 family home that was 80% rebuilt in 2017 with new blueprint approved by the City officials. The first apartment has 3 bedrooms and 1 Bath, the second apartment has 3 Bedrooms and 2 bathrooms. Each apartment has new HVAC, Wooden kitchen with granite countertop, hardwood floors, luxury vinyl, and tiles. Also features a finished basement with one car garage attached and another with a total of 380sqft, in the back with electrical heating. Tenants pay their own utilities; gas, electric, and water.

Last Agent to Sell the Property

Felix Santana

J.J. ELEK REALTY CO. Listed on: 04/10/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,892

Year Built

  • Built in 1929

Lot Details

  • 2,609 Sq Ft Lot
  • Lot Dimensions are 87.00 x 30.00

Parking

  • 1 Car Detached Garage

Interior Spaces

  • 2,282 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,892

Year Built

Built in 1929

Lot Details

2,609 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0599
  • Lot Size: 87.00 x 30.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1929
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Interior Amenities: Unit 1(3 Bedrooms,1 Bath), Unit 2(3 Bedrooms,1 Bath)
  • Living Area: 2282
  • Stories: 2

Exterior Features

  • Lot Features: See Remarks

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage, Detached

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All, Unit 1(A/C Central)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2609
  • Zoning: R-25

Tax Info

  • Tax Annual Amount: 9892
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Mar 6, 2024
Sold by
Joseph Frantz
Bought by
Colon Kelvin A Diaz
Seller's Agent
Felix Santana
J.J. ELEK REALTY CO.
List Price
$650,000
Sold Price
$580,000
Premium/Discount to List
-$70,000
-10.77%
Views
330
Current Estimated Value
$631,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,735
Avg. Annual Appreciation
4.28%
Original Mortgage
$551,000
Outstanding Balance
$541,835
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$89,900

Purchase Details

Closed on
Dec 27, 2012
Sold by
Rios Jose A and Rios Vilma
Bought by
Joseph Frantz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,600
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2005
Sold by
Infante Fermin
Bought by
Rios Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.79%

Purchase Details

Closed on
Jan 29, 2004
Sold by
Note See
Bought by
Infante Fermin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.71%

Purchase Details

Closed on
Aug 27, 1999
Sold by
Deleo Hugo
Bought by
Cuevas Austria and Perez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,622
Interest Rate
8.1%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 24, 1998
Sold by
Gallegos Luis
Bought by
Deleo Hugo and Deleo Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.11%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Colon Kelvin A Diaz $580,000 None Listed On Document
Diaz Colon Kelvin A $580,000 None Listed On Document
Joseph Frantz $152,800 None Available
Rios Jose $395,000 --
Infante Fermin $268,000 --
Cuevas Austria $166,000 --
Deleo Hugo $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Colon Kelvin A $551,000
Closed Diaz Colon Kelvin A $551,000
Previous Owner Joseph Frantz $114,600
Previous Owner Rios Jose $316,000
Previous Owner Infante Fermin $268,000
Previous Owner Cuevas Austria $164,622
Previous Owner Deleo Hugo $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2024 03/09/24 Sold $580,000 -10.8% $254 / Sq Ft
04/10/2023 04/10/23 For Sale $650,000 -- $285 / Sq Ft
Source: All Jersey 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 $10,032 $368,000 $97,000 $271,000
2024 $10,012 $332,500 $97,000 $235,500
Source: Public Records

Agents Affiliated with this Home

  • Felix Santana

    Seller's Agent in 2024

    Felix Santana

    J.J. ELEK REALTY CO.

    (908) 510-7909

    8 in this area

    82 Total Sales

    Felix Santana
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Map

Source: All Jersey MLS

MLS Number: 2310811R

All Jersey MLS

APN: 16-00204-0000-00026

New Jersey Middlesex County Perth Amboy 08861 Amboy Avenue

524 Cornell St, Perth Amboy, NJ

Not Listed for Sale

MultiFamily

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