NOT LISTED FOR SALE

603 Broadway Westville, NJ 08093

Estimated Value: $178,000 - $271,000

-- Bed
-- Bath
1,360 Sq Ft
$171/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $120,000 $88 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,758/month

73 Days on Market

About This Home

As of July 2022

A great income producing property is now available in Westville NJ. There are two identical 680 sq ft 1 bed and 1 bath apartments with separate entrances. Shared backyard. Both units have access to the basement where there is laundry. Property is near public transportation 15 minute drive to PATCO, easy access to 295, Both units are currently rented with paying tenants and both tenants want to stay. Units have separate Gas and Electric meters, current owner pays water/sewer. Separate hot water heaters, each 1 year old. This property is a great investment opportunity. Very nice duplex, two one bedroom units, yearly leases, yearly income at current rate is $19,200. Roof recently recoated and being sold "As-Is" however there have not been any issues or leaks.

Last Agent to Sell the Property

Danielle Ochman

BHHS Fox & Roach-Cherry Hill License #894756 Listed on: 07/13/2021

BHHS Fox & Roach-Cherry Hill

Last Buyer's Agent

Scott Kompa

EXP Realty, LLC License #675454

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,471

Year Built

  • Built in 1948

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 25.00 x 80.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,360 Sq Ft Home
  • Laminate Flooring
  • Unfinished Basement
  • Walk-Out Basement

Schools

  • Parkview Elementary School
  • Gateway Regional High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 00024
  • Assessor Parcel Number 21-00074-00024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,471

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1948
  • Automatically Close On Close Date: No
  • Remarks Public: A great income producing property is now available in Westville NJ. There are two identical 680 sq ft 1 bed and 1 bath apartments with separate entrances. Shared backyard. Both units have access to the basement where there is laundry. Property is near public transportation 15 minute drive to PATCO, easy access to 295, Both units are currently rented with paying tenants and both tenants want to stay. Units have separate Gas and Electric meters, current owner pays water/sewer. Separate hot water heaters, each 1 year old. This property is a great investment opportunity. Very nice duplex, two one bedroom units, yearly leases, yearly income at current rate is $19,200. Roof recently recoated and being sold "As-Is" however there have not been any issues or leaks.
  • Special Features: None

Interior Features

  • Flooring Type: Laminated
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Level
  • Total Sq Ft: 1360
  • Living Area Sq Ft: 1360
  • Price Per Sq Ft: 88.24
  • Above Grade Finished Sq Ft: 1360
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 603

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: 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 Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: WESTVILLE PUBLIC SCHOOLS
  • Elementary School: PARKVIEW E.S.
  • High School: GATEWAY REGIONAL H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Key: 300200396137
  • School District Source: Listing Agent
  • Elementary School: PARKVIEW E.S.
  • High School: GATEWAY REGIONAL H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 89100.00
  • Land Assessed Value: 19800.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 25.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2000.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 19200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2056117
  • Tax Annual Amount: 5471.00
  • Assessor Parcel Number: 21-00074-00024
  • Tax Lot: 00024
  • Tax Total Finished Sq Ft: 1360
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 07/15/2022

MLS Schools

  • School District Name: WESTVILLE PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2021
Closed on
Jul 15, 2022
Sold by
Matt Thompson
Bought by
Szumilo Rafal and Szumilo Angelika
Seller's Agent
Danielle Ochman
BHHS Fox & Roach-Cherry Hill
Buyer's Agent
Scott Kompa
EXP Realty, LLC
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$232,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,040
Avg. Annual Appreciation
19.39%

Purchase Details

Closed on
Apr 16, 2014
Sold by
See Improvements Inc
Bought by
Thompson Matt and Thompson Thomas

Purchase Details

Closed on
Jul 14, 2003
Sold by
Genther John
Bought by
See Improvements Inc
Source: Public Records

Range of Values:

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Average Value
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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
Szumilo Rafal $120,000 Foundation Title
Thompson Matt -- --
See Improvements Inc $72,000 Homestead Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner See Improvements Inc $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $120,000 0.0% $88 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
09/21/2021 09/21/21 Price Changed $120,000 0.0% $88 / Sq Ft
09/21/2021 09/21/21 For Sale $120,000 +4.3% $88 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $115,000 0.0% $85 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $115,000 -- $85 / 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 $5,925 $108,900 $19,800 $89,100
2024 $5,736 $108,900 $19,800 $89,100
2023 $5,736 $108,900 $19,800 $89,100
2022 $5,571 $108,900 $19,800 $89,100
2021 $5,471 $108,900 $19,800 $89,100
2020 $5,306 $108,900 $19,800 $89,100
2019 $5,166 $108,900 $19,800 $89,100
2018 $4,943 $108,900 $19,800 $89,100
2017 $5,077 $108,900 $19,800 $89,100
2016 $4,909 $108,900 $19,800 $89,100
2015 $4,689 $108,900 $19,800 $89,100
2014 $4,515 $121,500 $21,800 $99,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2001338

Bright MLS

APN: 21-00074-0000-00024