NOT LISTED FOR SALE

604 E Mulberry St Millville, NJ 08332

Estimated Value: $135,617 - $204,000

-- Bed
-- Bath
1,497 Sq Ft
$114/Sq Ft Est. Value

Last Sold December 23, 2021

Last sale price $138,000 $92 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,094/month

157 Days on Market

Highlights

  • Attic
  • Upgraded Countertops
  • Brick Porch or Patio
  • No HOA
  • Family Room Off Kitchen
  • Eat-In Kitchen

About This Home

As of December 2021

Attention investors! Both units occupied. Tenant in lower unit on Section 8. Upper unit is cash payer. Both under current yearly leases. Both units pay their own utilities. Two gas fired heaters in basement. Two separate hot water heaters also in basement. Easily maintained brick exterior. Nice porch in front of house. Off street parking in rear of building for all units. Ideally located near Millville shopping and groceries. Combined rental income for both units is $1,975 monthly and $23,700 yearly. Strong positive cash flow. Property being sold in conjunction with 606 East Mulberry. Will not sell separately. Must buy both sides of building. New owner will technically own one building with four units, but because properties are separate lot and blocks, there are NO STATE INSPECTIONS! Owner relocated to Florida.

Last Agent to Sell the Property

Anthony Balboni

(856) 824-1000 tonyb@keyhomesnj.com Key Properties Real Estate License #rm424208 Listed on: 06/12/2021

Last Buyer's Agent

Stella Lackova

(856) 896-7379 eurospirit@comcast.net Atlas Real Estate

Atlas Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,153

Year Built

  • Built in 1917

Lot Details

  • 2,750 Sq Ft Lot
  • Lot Dimensions are 25.00 x 110.00
  • Landscaped
  • Back and Front Yard
  • Property is in very good condition

Home Design

  • Duplex
  • Dwelling with Rental
  • Bi-Level Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 1,497 Sq Ft Home
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Fire Escape
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Upgraded Countertops

Flooring

  • Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • 8 Off-Street Spaces
  • Dirt Driveway

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater
  • Multiple Phone Lines
  • Phone Connected
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, lawn/shrub care, pest control, repairs, sewer, real estate taxes, water
  • Tax Lot 00019
  • Assessor Parcel Number 10-00387-00019

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Gross Income $23,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,153

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Bi-Level, Dwelling With Rental
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All fixtures, Stoves, Refrigerators
  • New Construction: No
  • Expected On Market: 2021-06-14
  • Year Built: 1917
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Attic, Carpet, Combination Kitchen/Dining, Family Room Off Kitchen, Kitchen - Eat-In, Tub Shower, Upgraded Countertops
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Total Sq Ft: 1497
  • Living Area Sq Ft: 1497
  • Price Per Sq Ft: 100.13
  • Above Grade Finished Sq Ft: 1497
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Brick
  • Exterior Features: Fire Escape, Satellite Dish, Sidewalks
  • Roof: Flat, Pitched, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone, Phone Connected, Water Available
  • Water Source: Public
  • Internet Services: Satellite, Cable

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 45200.00
  • Land Assessed Value: 13500.00
  • Lot Features: Front Yard, Landscaping, Rear Yard
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 110.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2750.00
  • Outdoor Living Structures: Brick, Porch(es)
  • Property Condition: Very Good
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Taxes - Real Estate, Water
  • Total Actual Rent: 23700.00
  • Units Furnished: All
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 23700.00
  • Gross Scheduled Income: 23700.00
  • Income Includes: Apartment Rentals

Tax Info

  • Assessor Parcel Number: 3135912
  • Tax Annual Amount: 2153.00
  • Assessor Parcel Number: 10-00387-00019
  • Tax Lot: 00019
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: MILLVILLE AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2023
Sold by
Harris Maruba
Bought by
Limitless Financial I Llc
Current Estimated Value
$171,404

Purchase Details

Listed on
Jun 12, 2021
Closed on
Dec 22, 2021
Sold by
Financial Solutions Investment Group Llc
Bought by
Harris Maruba
Seller's Agent
Anthony Balboni
Key Properties Real Estate
Buyer's Agent
Stella Lackova
Atlas Real Estate
List Price
$159,900
Sold Price
$138,000
Premium/Discount to List
-$21,900
-13.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$103,500
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2015
Closed on
Mar 31, 2016
Sold by
Butler Dorinda M and Dorinda M Butler Trust
Bought by
Financial Solutions Investment Group Llc
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Anthony Balboni
KEY PROPERTIES REAL ESTATE
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.42%

Purchase Details

Closed on
Oct 6, 2008
Sold by
Panzini Felice
Bought by
Butler Dorinda M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Limitless Financial I Llc -- --
Harris Maruba $138,000 None Listed On Document
Harris Maruba $138,000 None Listed On Document
Financial Solutions Investment Group Llc $27,500 Foundation Title
Butler Dorinda M $123,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harris Maruba $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2021 12/23/21 Sold $138,000 -7.9% $92 / Sq Ft
07/28/2021 07/28/21 Price Changed $149,900 -6.3% $100 / Sq Ft
06/12/2021 06/12/21 For Sale $159,900 +190.7% $107 / Sq Ft
04/01/2016 04/01/16 Sold $55,000 0.0% $40 / Sq Ft View Prior Sale
03/05/2016 03/05/16 Pending -- -- --
11/30/2015 11/30/15 For Sale $55,000 -- $40 / 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 $2,304 $58,700 $13,500 $45,200
2024 $2,304 $58,700 $13,500 $45,200
2023 $2,285 $58,700 $13,500 $45,200
2022 $2,225 $58,700 $13,500 $45,200
2021 $2,153 $58,700 $13,500 $45,200
2020 $2,117 $58,700 $13,500 $45,200
2019 $2,019 $58,700 $13,500 $45,200
2018 $1,978 $58,700 $13,500 $45,200
2017 $2,524 $75,600 $13,500 $62,100
2016 $2,492 $75,600 $13,500 $62,100
2015 $2,436 $75,600 $13,500 $62,100
2014 $2,440 $75,600 $13,500 $62,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB133318

Bright MLS

APN: 10-00387-0000-00019