NOT LISTED FOR SALE

533 W Kings Hwy Audubon, NJ 08106

Estimated Value: $403,555 - $466,000

-- Bed
-- Bath
1,568 Sq Ft
$268/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $233,000 $149 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,054/month

60 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Halls are 36 inches wide or more
  • Workshop
  • Level Entry For Accessibility
  • 4-minute walk to McLaughlin-Norcross Memorial Dell

About This Home

As of October 2020

A rare opportunity to find a turnkey duplex with many possibilities. This property currently has a long term tenant on the main floor (15 years). The upper 2 bedroom unit is in excellent condition, and it features Pella windows, which are 3 years old, brand new carpeting, and just freshly painted. A direct vent high efficiency HVAC system which is also 3 years old, and has 7 years remaining on the warranty. The gas hot water heater is a Bradford White direct vent high efficiency. It's also 3 years old. The upper tenant has a private entrance to the basement with their own hook ups for laundry facilities. (washer & dryer are not included) The laundry hook ups are completely separated from one another. All utilities are completely separate of each other, gas meters, electrical panels, HVAC systems, and hot water heaters. The main floor tenant is on a month to month lease with her 2 bedroom unit, and the upper unit could be owner occupied, or rented out for $1,350 a month. This multi-family property shows great, and the numbers work! The upstairs unit is vacant, but allow overnight notice for the main floor tenant to schedule an appointment.

Last Agent to Sell the Property

Tammylee Kennedy

KingsGate Realty LLC Listed on: 05/14/2020

Last Buyer's Agent

Anna Cable

Weichert Realtors-Medford

Weichert Realtors-Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,084

Year Built

  • Built in 1950

Home Design

  • 1,568 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Traditional Architecture
  • Combination Foundation
  • Stucco

Kitchen

  • Gas Oven or Range
  • Built-In Range
  • Range Hood
  • Built-In Microwave

Unfinished Basement

  • Interior and Side Basement Entry
  • Workshop
  • Basement Windows

Parking

  • Driveway
  • On-Street Parking

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors swing in
  • Level Entry For Accessibility
  • Low Pile Carpeting

Schools

  • Audubon Jr-Sr Middle School
  • Audubon High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Above Ground Utilities
  • 100 Amp Service
  • High-Efficiency Water Heater
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Lot Dimensions are 45.20 x 147.93

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for real estate taxes, sewer
  • Tax Lot 00010
  • Assessor Parcel Number 01-00130-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,084

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Accessibility Features: 36"+ Wide Halls, Doors - Swing In, Level Entry - Main, Low Pile Carpeting
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: A rare opportunity to find a turnkey duplex with many possibilities. This property currently has a long term tenant on the main floor (15 years). The upper 2 bedroom unit is in excellent condition, and it features Pella windows, which are 3 years old, brand new carpeting, and just freshly painted. A direct vent high efficiency HVAC system which is also 3 years old, and has 7 years remaining on the warranty. The gas hot water heater is a Bradford White direct vent high efficiency. It's also 3 years old. The upper tenant has a private entrance to the basement with their own hook ups for laundry facilities. (washer & dryer are not included) The laundry hook ups are completely separated from one another. All utilities are completely separate of each other, gas meters, electrical panels, HVAC systems, and hot water heaters. The main floor tenant is on a month to month lease with her 2 bedroom unit, and the upper unit could be owner occupied, or rented out for $1,350 a month. This multi-family property shows great, and the numbers work! The upstairs unit is vacant, but allow overnight notice for the main floor tenant to schedule an appointment.
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Built-In Microwave, Exhaust Fan, Oven/Range - Gas, Range Hood, Refrigerator, Water Heater - High-Efficiency
  • Basement: Yes
  • Basement Type: Combination, Interior Access, Outside Entrance, Side Entrance, Unfinished, Windows, Workshop
  • Total Sq Ft: 1568
  • Living Area Sq Ft: 1568
  • Price Per Sq Ft: 153.00
  • Above Grade Finished Sq Ft: 1568
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 533

Exterior Features

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

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Energy Star Heating System
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv, Phone, Other
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: AUDUBON PUBLIC SCHOOLS
  • Middle School: AUDUBON JR-SR
  • High School: AUDUBON H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396982
  • School District Source: Listing Agent
  • High School: AUDUBON H.S.
  • Middle Or Junior School: AUDUBON JR-SR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 118300.00
  • Land Assessed Value: 108900.00
  • Lot Dimensions: 45.20 x 147.93
  • Lot Size Units: Square Feet
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Taxes - Real Estate, Sewer
  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1770680
  • Tax Annual Amount: 8084.00
  • Assessor Parcel Number: 01-00130-00010
  • Tax Lot: 00010
  • Tax Total Finished Sq Ft: 1568
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/07/2020

MLS Schools

  • School District Name: AUDUBON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Sep 29, 2020
Sold by
Marino Sebastian
Bought by
Borrelli Joshua and Rieger Bradley A
Seller's Agent
Tammylee Kennedy
KingsGate Realty LLC
Buyer's Agent
Anna Cable
Weichert Realtors-Medford
List Price
$239,900
Sold Price
$233,000
Premium/Discount to List
-$6,900
-2.88%
Current Estimated Value
$420,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,389
Avg. Annual Appreciation
12.00%
Original Mortgage
$0
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 1995
Sold by
Salotto Robert R
Bought by
Marino Sebastian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8.34%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Borrelli Joshua $233,000 Surety Title
Marino Sebastian $102,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rieger Bradley A $66,000
Previous Owner Borrelli Joshua $0
Previous Owner Marino Sebastian $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $233,000 -2.9% $149 / Sq Ft
09/18/2020 09/18/20 For Sale $239,900 0.0% $153 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/22/2020 06/22/20 Price Changed $239,900 -2.0% $153 / Sq Ft
06/02/2020 06/02/20 Price Changed $244,900 -2.0% $156 / Sq Ft
05/14/2020 05/14/20 For Sale $249,900 -- $159 / 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 $9,172 $227,200 $108,900 $118,300
2024 $8,868 $227,200 $108,900 $118,300
2023 $8,868 $227,200 $108,900 $118,300
2022 $8,631 $227,200 $108,900 $118,300
2021 $8,272 $227,200 $108,900 $118,300
2020 $8,193 $227,200 $108,900 $118,300
2019 $8,084 $227,200 $108,900 $118,300
2018 $7,984 $227,200 $108,900 $118,300
2017 $7,818 $227,200 $108,900 $118,300
2016 $7,613 $227,200 $108,900 $118,300
2015 $7,366 $227,200 $108,900 $118,300
2014 $7,295 $227,200 $108,900 $118,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD393198

Bright MLS

APN: 01-00130-0000-00010