Seller's Agent in 2023
Lisa Jordan
David DePaola and Company Real Estate
(609) 658-6754
1 in this area
67 Total Sales
Estimated Value: $392,000
--
Bed
--
Bath
2,974
Sq Ft
$132/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Hot Water Baseboard Heater
- 3-minute walk to Laurel Avenue Park
About This Home
As of June 2023Investment opportunity. Well maintained building, repairs and renovations are done.. This building consists of two 1-bedroom apartments, rents are $997/mo and $775/mo. and two 2-bedroom, rents are $1035/mo and $1026/mo. All units are rented an are up to date. . This building has positive cash flow. Turnkey business. Property being sold As Is. Property tour available only after and subject to purchase agreement. Prequalification with tenant in place required prior to showings. DOES NOT QUALIFY FOR OWNER OCCUPANT FINANCING. Also available bundled with additional properties. Contact Listing Agent for more details.
Last Agent to Sell the Property
(609) 658-6754 lisajordan@depaola.com David DePaola and Company Real Estate License #0676451 Listed on: 01/06/2023
Co-Listed By
(609) 209-8426 nicklamson@depaola.com David DePaola and Company Real Estate License #1756855
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,066
Year Built
- Built in 1916
Lot Details
- Lot Dimensions are 70.00 x 0.00
Parking
- On-Street Parking
Home Design
- 2,974 Sq Ft Home
- Quadruplex
- Colonial Architecture
- Block Foundation
- Frame Construction
Utilities
- Hot Water Baseboard Heater
- Natural Gas Water Heater
Additional Features
- Unfinished Basement
Listing and Financial Details
- Tax Lot 00036
- Assessor Parcel Number 11-35103-00036
Community Details
Overview
- 4 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,364
- Maintenance Expense $2,274
- Gross Income $45,996
- Net Operating Income $27,331
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2023
Closed on
Jul 13, 2023
Sold by
Brokate Donald and Brokate Anthony
Bought by
Mcnair Corey Isiah
Seller's Agent
Lisa Jordan
David DePaola and Company Real Estate
Buyer's Agent
Janet Morales
Keller Williams Premier
List Price
$340,000
Sold Price
$350,000
Premium/Discount to List
$10,000
2.94%
Views
664
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,000
Avg. Annual Appreciation
5.12%
Original Mortgage
$262,600
Outstanding Balance
$256,242
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$135,758
Purchase Details
Closed on
Feb 27, 2008
Sold by
Brokate Donald and Rabara Anthony
Bought by
Brokate Donald and Rabara Anthony
Purchase Details
Closed on
May 28, 1996
Sold by
Household Bk
Bought by
Steward Jonathan
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 |
|---|---|---|---|
| Mcnair Corey Isiah | $350,000 | Foundation Title | |
| Redacted Upon Request | $350,000 | Foundation Title | |
| Brokate Donald | -- | -- | |
| Steward Jonathan | $12,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Redacted Upon Request | $262,600 | |
| Closed | Redacted Upon Request | $262,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2023 06/30/23 | Sold | $350,000 | +2.9% | $118 / Sq Ft |
| 06/05/2023 06/05/23 | Pending | -- | -- | -- |
| 01/06/2023 01/06/23 | For Sale | $340,000 | -- | $114 / 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 | $8,574 | $147,800 | $8,800 | $139,000 |
| 2024 | $8,228 | $147,800 | $8,800 | $139,000 |
| 2023 | $8,228 | $147,800 | $8,800 | $139,000 |
| 2022 | $8,067 | $147,800 | $8,800 | $139,000 |
| 2021 | $8,207 | $147,800 | $8,800 | $139,000 |
| 2020 | $8,181 | $147,800 | $8,800 | $139,000 |
| 2019 | $8,049 | $147,800 | $8,800 | $139,000 |
| 2018 | $7,705 | $147,800 | $8,800 | $139,000 |
| 2017 | $7,323 | $147,800 | $8,800 | $139,000 |
| 2016 | $7,134 | $124,000 | $8,500 | $115,500 |
| 2015 | $7,109 | $124,000 | $8,500 | $115,500 |
| 2014 | $7,075 | $124,000 | $8,500 | $115,500 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Jordan
-
Nicholas Lamson
Seller Co-Listing Agent in 2023
Nicholas Lamson
David DePaola and Company Real Estate
(609) 209-8426
1 in this area
73 Total Sales
-
Janet Morales
Buyer's Agent in 2023
Janet Morales
Keller Williams Premier
(609) 346-9973
1 in this area
20 Total Sales
Map
Source: Bright MLS
MLS Number: NJME2025560
APN: 11-35103-0000-00036
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