Seller's Agent in 2021
Sung Yoo
Keller Williams Town Life
(201) 994-9295
9 in this area
62 Total Sales
531 Durie Ave Closter, NJ 07624
Estimated Value: $820,191
3
Beds
2
Baths
1,560
Sq Ft
$526/Sq Ft
Est. Value
About This Home
As of December 2021Annual Rental Income is $40,200 and Property Taxes are only $9,096 per year! Great investment opportunity conveniently located a block from downtown Closter. Very close to shops, dining, schools, library, parks, and public transportation. This clean, well-kept 2 Family produces strong rising rental income, has low taxes, and offers easy maintenance. Second floor offers 2 bedrooms, living room, modern eat-in kitchen, full bath, and laundry in unit. Detached 1 car garage was included in 2F lease. First floor is a comfortable 1 bedroom apartment with three separate entrances, living room, eat-in kitchen, full bath, and access to basement with laundry and ample storage. Tenants are responsible for all utilities and snow removal. There are separate (water, gas, water, electric) utilities, meters, furnaces, and hot water heaters for both units. Closter boasts a Blue Ribbon school system and revitalized Closter Plaza and a bustling downtown.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,096
Year Built
- 1924
Lot Details
- 6,098
Parking
- 1 Car Garage
Home Design
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Additional Features
- Laundry in unit
- 6,098 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00023 / 01312
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 8, 2024
Sold by
Stout Robert
Bought by
Cram Nj Llc
Total Days on Market
137
Current Estimated Value
Purchase Details
Listed on
Jun 10, 2021
Closed on
Dec 9, 2021
Sold by
Panagi Maureen R
Bought by
Stout Robert
Seller's Agent
Sung Yoo
Keller Williams Town Life
Buyer's Agent
Sung Yoo
Keller Williams Town Life
List Price
$549,500
Sold Price
$515,000
Premium/Discount to List
-$34,500
-6.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.67%
Original Mortgage
$386,250
Interest Rate
3.22%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 13, 2006
Sold by
Sullivan Edward
Bought by
Panagi Steven
Purchase Details
Closed on
Dec 30, 2004
Sold by
Keane Peter
Bought by
Sullivan Edward
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,600
Interest Rate
5.81%
Purchase Details
Closed on
Jun 21, 2001
Sold by
Haverilla Randy J
Bought by
Keane Peter and Keane Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
7.2%
Purchase Details
Closed on
Jul 25, 1995
Sold by
Lewis Muriel
Bought by
Haverilla Randy and Haverilla Anna
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
7.56%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cram Nj Llc | -- | None Listed On Document | |
| Stout Robert | $515,000 | Old Republic National Title | |
| Panagi Steven | $600,000 | -- | |
| Sullivan Edward | $417,000 | -- | |
| Keane Peter | $255,000 | -- | |
| Haverilla Randy | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stout Robert | $386,250 | |
| Previous Owner | Sullivan Edward | $333,600 | |
| Previous Owner | Keane Peter | $229,500 | |
| Previous Owner | Haverilla Randy | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $515,000 | -6.3% | $330 / Sq Ft |
| 10/25/2021 10/25/21 | Pending | -- | -- | -- |
| 10/12/2021 10/12/21 | For Sale | $549,500 | 0.0% | $352 / Sq Ft |
| 09/28/2021 09/28/21 | Pending | -- | -- | -- |
| 08/31/2021 08/31/21 | Price Changed | $549,500 | -8.3% | $352 / Sq Ft |
| 06/10/2021 06/10/21 | For Sale | $599,500 | 0.0% | $384 / Sq Ft |
| 06/05/2017 06/05/17 | Rented | $1,775 | +6.0% | -- |
| 06/05/2017 06/05/17 | For Rent | $1,675 | -- | -- |
Source: New Jersey 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 | $10,484 | $519,800 | $311,600 | $208,200 |
| 2023 | $10,204 | $489,000 | $286,300 | $202,700 |
| 2022 | $10,204 | $461,300 | $268,300 | $193,000 |
| 2021 | $10,020 | $434,900 | $263,800 | $171,100 |
| 2020 | $9,096 | $405,900 | $267,000 | $138,900 |
| 2019 | $8,861 | $399,700 | $262,900 | $136,800 |
| 2018 | $8,773 | $394,100 | $259,300 | $134,800 |
| 2017 | $8,580 | $376,000 | $247,500 | $128,500 |
| 2016 | $8,419 | $376,000 | $247,500 | $128,500 |
| 2015 | $8,234 | $376,000 | $247,500 | $128,500 |
| 2014 | $8,005 | $376,000 | $247,500 | $128,500 |
Source: Public Records
Agents Affiliated with this Home
-
Sung Yoo
Map
Source: New Jersey MLS
MLS Number: 21023653
APN: 07-01312-0000-00023
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