NOT LISTED FOR SALE

531 Pingree Ave Ewing, NJ 08618

Glendale Neighborhood

Estimated Value: $311,455 - $388,000

Studio
-- Bath
1,584 Sq Ft
$222/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $178,000 $112 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,295/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • Forced Air Heating System
  • No HOA
  • Patio

About This Home

As of June 2019

Welcome to this clean and well maintained duplex in the Glendale section of Ewing Township. An excellent investment opportunity! This property shows true pride in ownership and features two separate units. Each unit has two bedrooms, a living room, eat-in-kitchen and a bathroom. Each floor has its own heat and hot water, and is set up with separate meters. The living room and bedrooms are all hardwood floors. In addition, the paved driveway provides off street Parking. A storage shed is tucked neatly in the corner of the back yard for lawn equipment and tools. The unfinished basement provides washer/dryer setup for each unit and additional space storage needs. The property is in close proximity to shopping and public transportation, as well as Route 1 and I95. It is also close to the College of New Jersey and Ewing public schools.Rent both units in order to generate a constant yearly income or live in one unit and rent the other in order to offset your mortgage. Don't pass by this deal, there are not many like it on the market!

Last Agent to Sell the Property

Eric McRoy

(609) 510-0584 emcroy1@gmail.com EveryHome Realtors License #0678599 Listed on: 03/23/2019

EveryHome Realtors

Last Buyer's Agent

Jennifer Jefferis

(609) 933-1168 jenniferjefferis@kw.com EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,659

Year Built

  • Built in 1943

Lot Details

  • 8,861 Sq Ft Lot
  • Lot Dimensions are 70.00 x 126.58
  • Ground Rent

Home Design

  • 1,584 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Patio
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 00037
  • Assessor Parcel Number 02-00446-00037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,659

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Total Sq Ft: 1584
  • Living Area Sq Ft: 1584
  • Price Per Sq Ft: 116.73
  • Above Grade Finished Sq Ft: 1584
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 64400.00
  • Land Assessed Value: 23800.00
  • Lot Size Acres: 0.20
  • Lot Dimensions: 70.00 x 126.58
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8861.00
  • Outdoor Living Structures: Porch(es), Patio(s)
  • Zoning: R-2

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: Yes
  • Owner Pays: Sewer, Water
  • Total Actual Rent: 22800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Income Expense List: Annual Ground Rent
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2081159
  • Tax Annual Amount: 4659.00
  • Assessor Parcel Number: 02-00446-00037
  • Tax Lot: 00037
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: EWING TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2019
Closed on
Jun 21, 2019
Sold by
Tessema Adnew and Tessema Alemnesh
Bought by
Bender Tyler J and Jefferis Jennifer
Seller's Agent
Eric McRoy
EveryHome Realtors
Buyer's Agent
Jennifer Jefferis
EXP Realty, LLC
List Price
$184,900
Sold Price
$178,000
Premium/Discount to List
-$6,900
-3.73%
Current Estimated Value
$352,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,114
Avg. Annual Appreciation
11.01%
Original Mortgage
$123,750
Outstanding Balance
$108,363
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$243,751
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
Bender Tyler J $178,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bender Tyler J $123,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $178,000 -3.7% $112 / Sq Ft
04/04/2019 04/04/19 Pending -- -- --
03/23/2019 03/23/19 For Sale $184,900 -- $117 / 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
2025 $5,447 $138,500 $45,600 $92,900
2024 $5,120 $138,500 $45,600 $92,900
Source: Public Records

Agents Affiliated with this Home

  • Eric McRoy

    Seller's Agent in 2019

    Eric McRoy

    EveryHome Realtors

    (609) 510-0584

    14 Total Sales

    Eric McRoy
    Section Image

  • J

    Buyer's Agent in 2019

    Jennifer Jefferis

    EXP Realty, LLC

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJME270662

Bright MLS

APN: 02-00446-0000-00037

New Jersey Mercer County Ewing 08618 Glendale

531 Pingree Ave, Ewing, NJ

Not Listed for Sale

MultiFamily

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