NOT LISTED FOR SALE

Estimated Value: $366,589 - $460,000

-- Bed
-- Bath
2,470 Sq Ft
$170/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $275,000 $111 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,824/month

62 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Hot Water Baseboard Heater
  • 1 Car Detached Garage
  • Carpet

About This Home

As of November 2021

A strong Multi Family rental investment with two units located in Hamilton Township that has been maintained over the years. Both units are 2 stories with 2 bedroom and 1 full bath and a kitchen, living room and laundry area. Both units are tenant occupied with the rear unit as a long term tenant. This is a solid income producing property with individual hot water heater, electrical and hot water boilers for for each unit. Close to the Hamilton Train Station and Route 295.

Last Agent to Sell the Property

Philip Angarone

ERA Central Realty Group - Bordentown License #1223831 Listed on: 07/29/2021

ERA Central Realty Group - Bordentown

Last Buyer's Agent

Neil Dalal

Keller Williams Cornerstone Realty License #2080933

Keller Williams Cornerstone Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,549

Year Built

  • Built in 1900

Lot Details

  • 2,120 Sq Ft Lot
  • Lot Dimensions are 20x106
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • Public Parking
  • On-Street Parking

Home Design

  • 2,470 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Flooring

  • Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Utilities

  • Hot Water Baseboard Heater
  • Above Ground Utilities
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for real estate taxes
  • Tax Lot 00004
  • Assessor Parcel Number 03-01651-00004

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Hamilton Lakes Subdivision

Building Details

  • Income includes apartment rentals, parking
  • Insurance Expense $1,000
  • Maintenance Expense $1,250
  • Other Expense $390
  • Operating Expense $9,189
  • Net Operating Income $21,291

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,549

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant Possessions
  • Home Warranty: No
  • New Construction: No
  • Other Expense: 390.00
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: A strong Multi Family rental investment with two units located in Hamilton Township that has been maintained over the years. Both units are 2 stories with 2 bedroom and 1 full bath and a kitchen, living room and laundry area. Both units are tenant occupied with the rear unit as a long term tenant. This is a solid income producing property with individual hot water heater, electrical and hot water boilers for for each unit. Close to the Hamilton Train Station and Route 295.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Washer, Dryer, Oven/Range - Gas
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Interior Access, Partial, Unfinished
  • Total Sq Ft: 2470
  • Living Area Sq Ft: 2470
  • Price Per Sq Ft: 109.31
  • Above Grade Finished Sq Ft: 2470
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 635

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Road Surface Type: Black Top, Paved
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Public
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: HAMILTON TOWNSHIP
  • School District Key: 300200396172
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 140100.00
  • Land Assessed Value: 49000.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20X106
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2120.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Taxes - Real Estate
  • Total Actual Rent: 30480.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Income Includes: Apartment Rentals, Parking
  • Operating Expense: 9189.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2088330
  • Tax Annual Amount: 6549.00
  • Assessor Parcel Number: 03-01651-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 2470
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/22/2021

MLS Schools

  • School District Name: HAMILTON TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Nov 15, 2021
Sold by
Minal Venkatramani and Minal Vasanthi
Bought by
Stockham Lakshmi
Seller's Agent
Philip Angarone
ERA Central Realty Group - Bordentown
Buyer's Agent
Neil Dalal
Keller Williams Cornerstone Realty
List Price
$270,000
Sold Price
$275,000
Premium/Discount to List
$5,000
1.85%
Current Estimated Value
$419,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,647
Avg. Annual Appreciation
11.76%
Original Mortgage
$206,250
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2015
Closed on
Nov 18, 2015
Sold by
Raywood Bernard and Raywood Cheryl Raywood
Bought by
Murugan Vasanthi M and Venkatramani Srinivasan
Seller's Agent
Donald Schulte
Action USA Jay Robert Realtors
Buyer's Agent
Philip Angarone
ERA Central Realty Group - Bordentown
List Price
$194,900
Sold Price
$180,000
Premium/Discount to List
-$14,900
-7.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Interest Rate
3.98%

Purchase Details

Closed on
Dec 15, 2006
Sold by
Seefelt Joanne
Bought by
Raywood Bernard and Raywood Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 1995
Sold by
Matuza Vincent
Bought by
Seefelt Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Stockham Lakshmi $275,000 Title Agency
Stockham Lakshmi $275,000 Title Agency
Murugan Vasanthi M $180,000 --
Raywood Bernard $230,000 --
Seefelt Joanne $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stockham Lakshmi $206,250
Previous Owner Murugan Vasanthi M --
Previous Owner Venkatramani Srinivasan $135,000
Previous Owner Raywood Bernard $185,000
Previous Owner Seefelt Joanne $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $275,000 +1.9% $111 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $270,000 -1.8% $109 / Sq Ft
09/28/2021 09/28/21 Off Market $275,000 -- --
07/29/2021 07/29/21 For Sale $270,000 +50.0% $109 / Sq Ft
11/03/2015 11/03/15 Sold $180,000 -7.6% $73 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $194,900 -- $79 / 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 $6,664 $189,100 $49,000 $140,100
2024 $6,246 $189,100 $49,000 $140,100
2023 $6,246 $189,100 $49,000 $140,100
2022 $6,148 $189,100 $49,000 $140,100
2021 $7,267 $189,100 $49,000 $140,100
2020 $6,586 $189,100 $49,000 $140,100
2019 $6,420 $189,100 $49,000 $140,100
2018 $6,255 $189,100 $49,000 $140,100
2017 $6,093 $189,100 $49,000 $140,100
2016 $5,113 $189,100 $49,000 $140,100
2015 $5,170 $102,600 $29,000 $73,600
2014 $5,069 $102,600 $29,000 $73,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2002686

Bright MLS

APN: 03-01651-0000-00004