NOT LISTED FOR SALE

69-71 N Main St Cranbury, NJ 08512

Estimated Value: $946,701

3 Beds
4 Baths
2,956 Sq Ft
$320/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $840,000 $284 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,812/month

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • The Cranbury School Rated A
  • En-Suite Primary Bedroom
  • 3-minute walk to Village Park

About This Home

As of December 2018

Opportunity knocks to own a revenue generating machine. Three one-bedroom apartments occupied with leases, village commercial space and successful ice cream business. Windows replaced in '15, gas furnace and hot water heater replaced in '11 and roof in November of '17. Tenants love the downtown Main Street Cranbury location and that all utilities less cable are included in the rent which leaves very little time between leases. Gil & Bert's Ice Cream is steamrolling into its 11th year with the season opening on April 1st and concluding on October 31st. Inquire today!

Last Agent to Sell the Property

Paul O'Brien

(609) 240-6022 paul@gdn-rule.com Golden Rule Real EstateLLC Listed on: 01/29/2018

Last Buyer's Agent

Paul O'Brien

(609) 240-6022 paul@gdn-rule.com Golden Rule Real EstateLLC Listed on: 01/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,032

Year Built

  • Built in 1842

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 83x126

Home Design

  • Converted Dwelling
  • Shingle Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,956 Sq Ft Home
  • Partial Basement

Parking

  • 1 Parking Space
  • Driveway
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00045 02
  • Assessor Parcel Number 02-00023-00045 02

Community Details

Overview

  • No Home Owners Association
  • Village Subdivision

Building Details

  • Electric Expense $7,570
  • Operating Expense $24,451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,032

Year Built

Built in 1842

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Personal Possessions
  • Inclusions: Washer/Dryer, Range, Refrigerator, Dishwasher
  • New Construction: No
  • Year Built: 1842
  • Remarks Public: Opportunity knocks to own a revenue generating machine. Three one-bedroom apartments occupied with leases, village commercial space and successful ice cream business. Windows replaced in '15, gas furnace and hot water heater replaced in '11 and roof in November of '17. Tenants love the downtown Main Street Cranbury location and that all utilities less cable are included in the rent which leaves very little time between leases. Gil & Bert's Ice Cream is steamrolling into its 11th year with the season opening on April 1st and concluding on October 31st. Inquire today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2956
  • Living Area Sq Ft: 2956
  • Price Per Sq Ft: 284.17
  • Above Grade Finished Sq Ft: 2956
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 69-71

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Shingle Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Driveway

Utilities

  • Annual Heating Expense: 3600.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 7570.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3249.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: CRANBURY TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396184

Lot Info

  • Improvement Assessed Value: 298900.00
  • Land Assessed Value: 220100.00
  • Lot Size Acres: 0.25
  • Lot Dimensions: 83X126
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10729.00
  • Zoning: VC

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 51800.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2585379
  • Tax Annual Amount: 10032.00
  • Assessor Parcel Number: 02-00023-00045 02
  • Tax Lot: 00045 02
  • Tax Year: 2017
  • Close Date: 12/07/2018

MLS Schools

  • School District Name: CRANBURY TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2018
Closed on
Dec 7, 2018
Sold by
Irving Robert M and Ondocin Christine E
Bought by
69 71 N Main St Llc
Seller's Agent
Paul O'Brien
Golden Rule Real EstateLLC
Buyer's Agent
Paul O'Brien
Golden Rule Real EstateLLC
List Price
$840,000
Sold Price
$840,000
Current Estimated Value
$946,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,701
Avg. Annual Appreciation
1.77%
Original Mortgage
$480,000
Outstanding Balance
$399,836
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
$546,865

Purchase Details

Closed on
Apr 24, 2006
Sold by
Gilbert Hilton Craig
Bought by
Irving Robert and Ondocin Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.4%
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
69 71 N Main St Llc $640,000 First American Title Ins Co
Irving Robert $600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 69 71 N Main St Llc $480,000
Previous Owner Irving Robert $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2018 12/07/18 Sold $840,000 0.0% $284 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $840,000 -- $284 / 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 $9,518 $519,000 $220,100 $298,900
2024 $9,384 $519,000 $220,100 $298,900
2023 $9,384 $519,000 $220,100 $298,900
2022 $9,249 $519,000 $220,100 $298,900
2021 $6,952 $519,000 $220,100 $298,900
2020 $9,238 $519,000 $220,100 $298,900
2019 $9,337 $519,000 $220,100 $298,900
2018 $10,219 $519,000 $220,100 $298,900
2017 $9,871 $514,900 $220,100 $294,800
2016 $9,953 $514,900 $220,100 $294,800
2015 $9,773 $514,900 $220,100 $294,800
2014 $9,809 $514,900 $220,100 $294,800
Source: Public Records

Agents Affiliated with this Home

  • Paul O'Brien

    Seller's Agent in 2018

    Paul O'Brien

    Golden Rule Real EstateLLC

    (609) 240-6022

    6 Total Sales

    Paul O'Brien
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Map

Source: Bright MLS

MLS Number: 1005561029

Bright MLS

APN: 02-00023-0000-00045-02

New Jersey Middlesex County Cranbury 08512

69-71 N Main St, Cranbury, NJ

This home is located at 69-71 N Main St, Cranbury, NJ 08512 since 29 January 2018 and is currently estimated at $946,701, approximately $320 per square foot. This property was built in 1842. 69-71 N Main St is a home located in Middlesex County with nearby schools including The Cranbury School, SciCore Academy, and E Windsor Knowledge Beginnings.

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