Seller's Agent in 2024
Patrick Gorman
Keller Williams - Main Street
(856) 986-2482
51 in this area
481 Total Sales
640A Berkley St Camden, NJ 08103
Lanning Square NeighborhoodEstimated Value: $114,000 - $147,000
2
Beds
2
Baths
789
Sq Ft
$65/mo
HOA Fee
Highlights
- Living Room
- Forced Air Heating and Cooling System
- 3-minute walk to Sheila L. Roberts Park/Cooper Park
About This Home
As of February 2024RARE INVESTMENT OPPORTUNITY!!! LOCATION, LOCATION, LOCATION!!! x23 unit portfolio located in Cooper Plaza down the street from Cooper Hospital!! Excellent opportunity to provide reliable & safe housing to Dr's, Nurses, Medical Students, interns, and any and all Hospital Staff for all time high premium rents!!! Located in the highly sought after neighborhood of Lanning Square with the hospital just down the street as well as Coriell Institute and all the developments and improvements that the number one appreciating City in the Country continues to deliver. Generate steady income AND become the majority stakeholder in the Cooper Plaza HOA!!! All Units must be bought as a package for $2,300,000. Purchaser will have Majority control of Cooper Plaza HOA. Run the HOA as you see fit including levying assessments or dissolving HOA if one wishes. The portfolio should qualify for a myriad of programs! Not only is this portfolio located in an opportunity zone, the portfolio should also qualify for redevelopment grants via the Historic Property Reinvestment Program in conjunction with the Federal Historic Tax Credit Program. Portfolio offers residents access to TWO parking lots. A novel commodity for the area that you won't want to miss!!! Entrances for the lots are located on S 7th St. Properties were fully renovated in the 90's to offer a more contemporary design while maintaining their Victorian charm! This Portfolio is OVERFLOWING with massive intrinsic potential!! All units being sold in as-is condition. Buyer is Responsible for Certificate of Occupancy. Schedule a showing TODAY, you won't want to miss this!!! *Please note: portfolio includes the following units: 620A Berkley St, 620B Berkley St, 622A Berkley St, 624B Berkley St, 626B Berkley St, 628A Berkley St, 630A Berkley St, 630B Berkley St, 632A Berkley St, 632B Berkley St, 634A Berkley St, 634B Berkley St, 636B Berkley St, 638A Berkley St, 638B Berkley St, 640A Berkley St, 640B Berkley St, 642B Berkley St, 644A Berkley St, 644B Berkley St, 653A Berkley St, 653B Berkley St, 657B Berkley St*
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,714
Year Built
- Built in 1880 | Remodeled in 1997
Lot Details
- 871
HOA Fees
- $65 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 789 Sq Ft Home
- Property has 1 Level
- Living Room
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- On-Street Parking
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 08-01411-00011-C0040
Community Details
Overview
- Cooper Plaza HOA
- Low-Rise Condominium
- Lanning Square Subdivision
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2023
Closed on
Feb 28, 2024
Sold by
Definitive Properties Llc
Bought by
Jannah Real Estate 1 Llc
Seller's Agent
Patrick Gorman
Keller Williams - Main Street
Buyer's Agent
Patrick Gorman
Keller Williams - Main Street
List Price
$100,000
Sold Price
$108,696
Premium/Discount to List
$8,696
8.7%
Total Days on Market
53
Views
256
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
$20,886
Avg. Annual Appreciation
15.36%
Purchase Details
Closed on
Nov 21, 2002
Sold by
R1 Waterman Properties
Bought by
Definitive Properties
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.11%
Purchase Details
Closed on
Feb 16, 1996
Sold by
Cooper Plaza Assoc
Bought by
Ingram Boby Thompson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.02%
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 |
|---|---|---|---|
| Jannah Real Estate 1 Llc | $2,500,000 | Infinity Title | |
| Definitive Properties | $15,000 | -- | |
| Ingram Boby Thompson | $45,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Definitive Properties | $20,000 | |
| Previous Owner | Ingram Boby Thompson | $44,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2024 02/28/24 | Sold | $108,696 | +8.7% | $138 / Sq Ft |
| 01/12/2024 01/12/24 | Pending | -- | -- | -- |
| 11/20/2023 11/20/23 | For Sale | $100,000 | 0.0% | $127 / Sq Ft |
| 02/01/2023 02/01/23 | Rented | $1,250 | 0.0% | -- |
| 01/19/2023 01/19/23 | Under Contract | -- | -- | -- |
| 01/13/2023 01/13/23 | For Rent | $1,250 | 0.0% | -- |
| 01/09/2023 01/09/23 | Off Market | $1,250 | -- | -- |
| 01/09/2023 01/09/23 | For Rent | $1,250 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $1,747 | $51,000 | $5,500 | $45,500 |
| 2023 | $1,747 | $51,000 | $5,500 | $45,500 |
| 2022 | $1,714 | $51,000 | $5,500 | $45,500 |
| 2021 | $1,708 | $51,000 | $5,500 | $45,500 |
| 2020 | $1,622 | $51,000 | $5,500 | $45,500 |
| 2019 | $1,553 | $51,000 | $5,500 | $45,500 |
| 2018 | $1,545 | $51,000 | $5,500 | $45,500 |
| 2017 | $1,507 | $51,000 | $5,500 | $45,500 |
| 2016 | $1,459 | $51,000 | $5,500 | $45,500 |
| 2015 | $1,405 | $51,000 | $5,500 | $45,500 |
| 2014 | $1,344 | $50,000 | $5,500 | $44,500 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Gorman
-
Samantha Marx
Seller's Agent in 2023
Samantha Marx
Space & Company
(732) 610-3007
12 Total Sales
Map
Source: Bright MLS
MLS Number: NJCD2057974
APN: 08-01411-0000-00011-0000-C0040
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