NOT LISTED FOR SALE

615 N 3rd St Millville, NJ 08332

Estimated Value: $117,304 - $210,000

-- Bed
-- Bath
2,860 Sq Ft
$61/Sq Ft Est. Value

Last Sold April 03, 2020

Last sale price $125,000 $44 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,110/month

Highlights

  • Colonial Architecture
  • Corner Lot
  • Radiator
  • Wood Flooring
  • No HOA

About This Home

As of April 2020

***PRICE REDUCTION***Large Four Plex cash machine, Located in Millville. More photos to come Property has management team in place to save you the headaches of being a landlord. Property is being sold as a four-plex however the property is treated as two separate taxable entities

Last Agent to Sell the Property

Jeff Pierson

(856) 373-0581 piersonj@realtor.com Dennis J Zisa Associates License #9133178 Listed on: 08/05/2019

Last Buyer's Agent

George Phy

(609) 742-0364 marketing@seekorsell.com Glen Cove Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,057

Year Built

  • Built in 1912

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 52.00 x 100.00
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Colonial Architecture
  • Plaster Walls
  • Frame Construction
  • Pitched Roof
  • Asbestos Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,860 Sq Ft Home
  • Basement
  • Dirt Floor

Kitchen

  • Electric Oven or Range
  • Stove

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • Dirt Driveway
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Radiator
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00032/00031
  • Assessor Parcel Number 10-00341-00032/ 10-00341-00031

Community Details

Overview

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

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,700
  • Maintenance Expense $3,470
  • Manager Expense $3,470
  • Other Expense $1,735
  • Gross Income $37,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,057

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Other Expense: 1735.00
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Stove, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick, Vinyl
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Basement: Yes
  • Basement Type: Dirt Floor
  • Total Sq Ft: 2860
  • Living Area Sq Ft: 2860
  • Price Per Sq Ft: 45.10
  • Above Grade Finished Sq Ft: 2860
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Pitched, Asphalt, Asbestos Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Dirt Driveway
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Pest Control Expense: 1272.00
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Cable Tv, Electric Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 3470.00
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 45700.00
  • Land Assessed Value: 14100.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: 52.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Gross
  • Total Actual Rent: 34702.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 34702.00
  • Gross Scheduled Income: 37320.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Vacancy Allowance Rate: 8.00

Tax Info

  • Assessor Parcel Number: 3135050
  • Tax Annual Amount: 2057.00
  • Assessor Parcel Number: 10-00341-00032/ 10-00341-00031
  • Tax Lot: 00032/00031
  • Tax Data Updated: No
  • Tax Year: 2019

MLS Schools

  • School District Name: MILLVILLE AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2019
Closed on
Apr 1, 2020
Sold by
Black Ram Llc
Bought by
Grande Cheryl
Seller's Agent
Jeff Pierson
Dennis J Zisa Associates
Buyer's Agent
George Phy
Glen Cove Real Estate
List Price
$129,000
Sold Price
$125,000
Premium/Discount to List
-$4,000
-3.1%
Current Estimated Value
$174,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,576
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Jul 25, 2015
Sold by
Peifer Amy E and Peifer William L
Bought by
Black Ram Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2015
Sold by
Wallinger Albert and Wallinger Donna
Bought by
Peifer William L and Peifer Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2011
Sold by
Blanchard Investments Llc
Bought by
Wallinger Albert and Wallinger Donna

Purchase Details

Closed on
Dec 17, 2009
Sold by
Hook Matthew
Bought by
Blanchard Investments Llc

Purchase Details

Closed on
Sep 26, 2006
Sold by
Metzler Edward
Bought by
Metzler Edward
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
Grande Cheryl $125,000 None Available
Black Ram Llc -- Black Ram Llc
Peifer William L $155,000 Attorney
Wallinger Albert $223,700 --
Blanchard Investments Llc -- --
Metzler Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peifer William L $116,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2020 04/03/20 Sold $125,000 -3.1% $44 / Sq Ft
03/21/2020 03/21/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $129,000 0.0% $45 / Sq Ft
02/01/2020 02/01/20 Rented $925 -99.3% --
01/31/2020 01/31/20 Under Contract -- -- --
01/02/2020 01/02/20 Pending -- -- --
10/19/2019 10/19/19 Price Changed $129,000 -7.9% $45 / Sq Ft
10/15/2019 10/15/19 Price Changed $140,000 -6.6% $49 / Sq Ft
08/05/2019 08/05/19 For Sale $149,900 0.0% $52 / Sq Ft
07/10/2019 07/10/19 For Rent $925 -- --
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 $2,347 $59,800 $14,100 $45,700
2024 $2,347 $59,800 $14,100 $45,700
2023 $2,327 $59,800 $14,100 $45,700
2022 $2,267 $59,800 $14,100 $45,700
2021 $2,193 $59,800 $14,100 $45,700
2020 $2,157 $59,800 $14,100 $45,700
2019 $2,057 $59,800 $14,100 $45,700
2018 $2,015 $59,800 $14,100 $45,700
2017 $1,996 $59,800 $14,100 $45,700
2016 $1,971 $59,800 $14,100 $45,700
2015 $1,927 $59,800 $14,100 $45,700
2014 $1,930 $59,800 $14,100 $45,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB122216

Bright MLS

APN: 10-00341-0000-00032