NOT LISTED FOR SALE

665 Martin Luther King jr Blvd Trenton, NJ 08618

North Trenton Neighborhood

Estimated Value: $127,000 - $200,000

-- Bed
-- Bath
1,700 Sq Ft
$99/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $110,000 $65 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,211/month

174 Days on Market

About This Home

As of June 2022

Well maintained two unit property +garage that is fully rented and stabilized. Tenants pay their own heat, gas and electric. Landlord pays water/sewer. Property is located next to a well maintained commercial property and a row of occupied houses in an area that is experiencing increased investment and renovation. Easy access to downtown state offices and job centers, route 1 shopping areas and greater Princeton employers.
Upstairs apartment is used as a 3 bedroom and has radiator heating that is separately metered. First floor apartment is a large open apartment that has separate bedroom, living room and kitchen areas with forced hot air heat, separately metered. The property has been recently inspected and has a recent Certificate of Occupancy.
This is a great property for first time investors or experienced investors.

Last Agent to Sell the Property

Roland Pott

Pott Real Estate, LLC License #0342277 Listed on: 11/14/2021

Last Buyer's Agent

Taneil Jokhan

RE/MAX Tri County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,448

Year Built

  • Built in 1911

Lot Details

  • 1,700 Sq Ft Lot
  • Lot Dimensions are 17.00 x 100.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Brick Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • Basement with some natural light

Schools

  • Trenton Elementary School
  • Grace A. Dunn Middle School
  • Trenton Central High School

Utilities

  • Hot Water Baseboard Heater
  • Electric Water Heater
  • Public Septic

Community Details

  • Income includes apartment rentals
  • Insurance Expense $1,100
  • Maintenance Expense $500
  • Operating Expense $6,759
  • Gross Income $19,224
  • Net Operating Income $12,465

Listing and Financial Details

  • The owner pays for insurance, management, pest control, repairs, sewer, real estate taxes, water
  • Tax Lot 00003
  • Assessor Parcel Number 11-07006-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,448

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-11-24
  • Year Built: 1911
  • Automatically Close On Close Date: No
  • Remarks Public: Well maintained two unit property +garage that is fully rented and stabilized. Tenants pay their own heat, gas and electric. Landlord pays water/sewer. Property is located next to a well maintained commercial property and a row of occupied houses in an area that is experiencing increased investment and renovation. Easy access to downtown state offices and job centers, route 1 shopping areas and greater Princeton employers. Upstairs apartment is used as a 3 bedroom and has radiator heating that is separately metered. First floor apartment is a large open apartment that has separate bedroom, living room and kitchen areas with forced hot air heat, separately metered. The property has been recently inspected and has a recent Certificate of Occupancy. This is a great property for first time investors or experienced investors.
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Room Count: 9
  • Basement: Yes
  • Basement Type: Daylight, Partial
  • Total Sq Ft: 1700
  • Living Area Sq Ft: 1700
  • Price Per Sq Ft: 64.71
  • Above Grade Finished Sq Ft: 1700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 665

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: TRENTON PUBLIC SCHOOLS
  • Elementary School: TRENTON
  • Middle School: GRACE A. DUNN M.S.
  • High School: TRENTON CENTRAL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396606
  • School District Source: Listing Agent
  • Elementary School: TRENTON
  • High School: TRENTON CENTRAL
  • Middle Or Junior School: GRACE A. DUNN M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 55300.00
  • Land Assessed Value: 6800.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 17.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1700.00
  • Year Assessed: 2021
  • Zoning: R

Rental Info

  • Existing Lease Type: Modified Gross
  • Owner Pays: Insurance, Management, Pest Control, Repairs, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 21360.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 21360.00
  • Gross Scheduled Income: 19224.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6759.00
  • Other Units: Unit 3
  • Single Room Units Count: 1
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Assessor Parcel Number: 2152614
  • Tax Annual Amount: 3448.00
  • Assessor Parcel Number: 11-07006-00003
  • Tax Lot: 00003
  • Tax Total Finished Sq Ft: 1218
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 06/03/2022

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Oct 7, 2020
Sold by
Syphax Tracy D
Bought by
Grover Jason
Seller's Agent
Kim Howard
EXP Realty, LLC
Buyer's Agent
Roland Pott
SlateHouse Group Property Management
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$168,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,488
Avg. Annual Appreciation
18.90%

Purchase Details

Closed on
Jun 5, 2002

Purchase Details

Closed on
Oct 19, 2000
Sold by
Christie Mamie
Bought by
Capitol City Contracting Inc
Source: Public Records

Range of Values:

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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
Grover Jason $75,000 Sterling Title Agency Llc
-- -- --
Capitol City Contracting Inc $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grover Jason Wade $56,000
Previous Owner Syphax Tracey D $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $110,000 0.0% $65 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
12/12/2021 12/12/21 For Sale $110,000 0.0% $65 / Sq Ft
11/25/2021 11/25/21 Pending -- -- --
11/14/2021 11/14/21 For Sale $110,000 +46.7% $65 / Sq Ft
10/07/2020 10/07/20 Sold $75,000 0.0% $44 / Sq Ft
05/02/2020 05/02/20 Pending -- -- --
05/02/2020 05/02/20 For Sale $75,000 0.0% $44 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
02/24/2020 02/24/20 Price Changed $75,000 -6.3% $44 / Sq Ft
12/10/2019 12/10/19 Price Changed $80,000 -5.9% $47 / Sq Ft
10/22/2019 10/22/19 For Sale $85,000 -- $50 / 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
2024 $3,457 $62,100 $6,800 $55,300
2023 $3,457 $62,100 $6,800 $55,300
2022 $3,389 $62,100 $6,800 $55,300
2021 $3,448 $62,100 $6,800 $55,300
2020 $3,437 $62,100 $6,800 $55,300
2019 $3,382 $62,100 $6,800 $55,300
2018 $3,237 $62,100 $6,800 $55,300
2017 $3,077 $62,100 $6,800 $55,300
2016 $2,388 $41,500 $8,000 $33,500
2015 $2,379 $41,500 $8,000 $33,500
2014 $2,368 $41,500 $8,000 $33,500
Source: Public Records

Agents Affiliated with this Home

  • Roland Pott

    Seller's Agent in 2022

    Roland Pott

    Pott Real Estate, LLC

    (609) 793-9639

    5 in this area

    78 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    Taneil Jokhan

    RE/MAX

    Section Image

  • K

    Seller's Agent in 2020

    Kim Howard

    EXP Realty, LLC

    Section Image
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Map

Source: Bright MLS

MLS Number: NJME2006806

Bright MLS

APN: 11-07006-0000-00003

New Jersey Mercer County Trenton 08618 North Trenton

665 Martin Luther King jr Blvd, Trenton, NJ

This home is located at 665 Martin Luther King jr Blvd, Trenton, NJ 08618 since 14 November 2021 and is currently estimated at $168,488, approximately $99 per square foot. This property was built in 1911. 665 Martin Luther King jr Blvd is a home located in Mercer County with nearby schools including Martin Luther King Jr Elementary School, Luis Munoz Rivera Elementary School, and Trenton Central High School - Main Campus.

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