Seller's Agent in 2018
Frank Wible
RE/MAX
(856) 745-7700
35 Total Sales
581 Fish Pond Rd Glassboro, NJ 08028
Estimated Value: $387,180 - $579,000
--
Bed
--
Bath
2,192
Sq Ft
$211/Sq Ft
Est. Value
Highlights
- No HOA
- En-Suite Primary Bedroom
- Wall to Wall Carpet
- 2 Car Detached Garage
- Forced Air Heating and Cooling System
About This Home
As of March 2018Great investment opportunity! Two 3-bedroom units, and a detached oversized garage. The current tenants want to remain. Top unit tenant been here for five years, bottom unit 2 years. garage is now vacant. Property is in great shape and is only walking distance to Rowan University. make it a long term investment with a cap rate of around 10%. Both units could be increased by about 10-15% based on market value, but has remained due to fantastic tenants. Properties like this do not come up often. $3400/month positive cash flow (or more if increased). Tenant occupied, so please allow 24-48 hours for all showings please.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,274
Year Built
- Built in 1900
Lot Details
- 0.25 Acre Lot
- Property is in good condition
Parking
- 2 Car Detached Garage
- 5 Open Parking Spaces
- Driveway
- Parking Lot
Home Design
- Duplex
- Pitched Roof
- Shingle Roof
- Vinyl Siding
- Stucco
Interior Spaces
- En-Suite Primary Bedroom
- 2,192 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in unit
Flooring
- Wall to Wall Carpet
- Vinyl
Schools
- Bullock Elementary School
- Glassboro Middle School
- Glassboro High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 00006
- Assessor Parcel Number 06-00013-00006
Community Details
Overview
- No Home Owners Association
Building Details
- Insurance Expense $1,800
- Maintenance Expense $1,500
- Other Expense $300
- Operating Expense $11,874
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 2, 2022
Sold by
Zeel Patel
Bought by
91 Llc
Current Estimated Value
Purchase Details
Listed on
Jan 24, 2018
Closed on
Mar 30, 2018
Sold by
Musick Walter J
Bought by
Patel Zeel and Patel Veeer
Seller's Agent
Frank Wible
RE/MAX ONE Realty
Buyer's Agent
Eileen Pilone
BHHS Fox & Roach-Mullica Hill North
List Price
$299,900
Sold Price
$293,000
Premium/Discount to List
-$6,900
-2.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$287,693
Interest Rate
5.12%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 19, 2006
Sold by
Rdd Investment Group Llc
Bought by
Musick Walter J and Musick Agnes C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,395
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 15, 2005
Sold by
Dds Inc
Bought by
Rdd Investment Group Llc
Purchase Details
Closed on
Dec 2, 1998
Sold by
Sottile David and Sottile Ruthann
Bought by
Dds Inc
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 |
|---|---|---|---|
| 91 Llc | -- | Gleaner Robert A | |
| Patel Zeel | $293,000 | Wfg National Title Ins Co | |
| Musick Walter J | $275,494 | -- | |
| Rdd Investment Group Llc | -- | -- | |
| Dds Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Patel Veer | $258,750 | |
| Previous Owner | Patel Zeel | $287,693 | |
| Previous Owner | Musick Walter J | $59,605 | |
| Previous Owner | Musick Walter J | $220,395 | |
| Previous Owner | Dds Inc | $74,780 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2018 03/30/18 | Sold | $293,000 | -2.3% | $134 / Sq Ft |
| 02/15/2018 02/15/18 | Pending | -- | -- | -- |
| 01/24/2018 01/24/18 | For Sale | $299,900 | -- | $137 / Sq Ft |
Source: Bright 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 |
|---|---|---|---|---|
| 2025 | $8,163 | $231,900 | $53,300 | $178,600 |
| 2024 | $8,114 | $231,900 | $53,300 | $178,600 |
| 2023 | $8,114 | $231,900 | $53,300 | $178,600 |
| 2022 | $8,033 | $231,900 | $53,300 | $178,600 |
| 2021 | $8,170 | $231,900 | $53,300 | $178,600 |
| 2020 | $8,216 | $231,900 | $53,300 | $178,600 |
| 2019 | $8,230 | $231,900 | $53,300 | $178,600 |
| 2018 | $8,235 | $231,900 | $53,300 | $178,600 |
| 2017 | $8,274 | $231,900 | $53,300 | $178,600 |
| 2016 | $8,035 | $231,900 | $53,300 | $178,600 |
| 2015 | $7,861 | $231,900 | $53,300 | $178,600 |
| 2014 | $7,683 | $231,900 | $53,300 | $178,600 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Wible
-
Eileen Pilone
Buyer's Agent in 2018
Eileen Pilone
BHHS Fox & Roach
(609) 685-9468
20 in this area
66 Total Sales
Map
Source: Bright MLS
MLS Number: 1005198061
APN: 06-00013-0000-00006
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