$63,000
SOLD MAY 29, 2020

70 and 70 1/2 W Pitman St Penns Grove, NJ 08069

-- Bed
-- Bath
2,362 Sq Ft
7,187 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

9% Below List Price

75 Days on Market

About This Home

As of May 2020

Great income producer! Heating system less than FIVE YEARS OLD! Large rooms! Basement & attic! Maintenance free aluminum siding! Close to River! Side by side Units with completely separate utilities! Property being sold as is.

Last Agent to Sell the Property

EILEEN MAHONEY

Mahoney Realty Pennsville, LLC Listed on: 01/31/2020

Last Buyer's Agent

EILEEN MAHONEY

Mahoney Realty Pennsville, LLC Listed on: 01/31/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 45.00 x 145.00

Parking

  • On-Street Parking

Home Design

  • 2,362 Sq Ft Home
  • Duplex
  • Aluminum Siding

Utilities

  • Radiator
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00019 01
  • Assessor Parcel Number 08-00048-00019 01

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Remarks Public: Great income producer! Heating system less than FIVE YEARS OLD! Large rooms! Basement & attic! Maintenance free aluminum siding! Close to River! Side by side Units with completely separate utilities! Property being sold as is.
  • Special Features: None

Interior Features

  • Total Sq Ft: 2362
  • Living Area Sq Ft: 2362
  • Price Per Sq Ft: 29.21
  • Above Grade Finished Sq Ft: 2362
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 70 and 70 1/2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • 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: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Oil, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • School District Key: 300200397143
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 82800.00
  • Land Assessed Value: 12900.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 45.00 x 145.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7187.00
  • Year Assessed: 2019
  • Zoning: RESIDENTAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2199873
  • Tax Annual Amount: 4814.00
  • Assessor Parcel Number: 08-00048-00019 01
  • Tax Lot: 00019 01
  • Tax Total Finished Sq Ft: 2362
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/29/2020

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2022
Sold by
Sj Rez Properties 1 Llc
Bought by
70 W Pitman Llc
Total Days on Market
75
Current Estimated Value
$183,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$486,266
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
-$294,599

Purchase Details

Listed on
Jan 31, 2020
Closed on
May 29, 2020
Sold by
Horton Heyyoung N
Bought by
Sj Rez Properties 1 Llc
Seller's Agent
EILEEN MAHONEY
Mahoney Realty Pennsville, LLC
Buyer's Agent
EILEEN MAHONEY
Mahoney Realty Pennsville, LLC
List Price
$69,000
Sold Price
$63,000
Premium/Discount to List
-$6,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.76%

Purchase Details

Closed on
Apr 14, 2005
Sold by
Weller Elvira N
Bought by
Horton Heyyoung N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 27, 1995
Sold by
Weller Charles E and Weller Elvira N
Bought by
Weller Charles E and Weller Elvira N
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $120,000 Westcor Land Title
Bargain Sale Deed $63,000 Heritage Ttl & Abstract Agcy
Bargain Sale Deed $80,000 Heritage Title & Abstract Ag
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $35,000 Future Advance Clause Open End Mortgage
Previous Owner $76,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2020 08/19/20 Rented $1,100 0.0% --
08/10/2020 08/10/20 Under Contract -- -- --
08/03/2020 08/03/20 Price Changed $1,100 -8.3% $0 / Sq Ft
06/18/2020 06/18/20 For Rent $1,200 0.0% --
05/29/2020 05/29/20 Sold $63,000 -8.7% $27 / Sq Ft
05/04/2020 05/04/20 For Sale $69,000 0.0% $29 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $69,000 -- $29 / 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 $4,234 $79,000 $12,900 $66,100
2023 $4,234 $79,000 $12,900 $66,100
2022 $4,945 $95,700 $12,900 $82,800
2021 $4,731 $95,700 $12,900 $82,800
2020 $4,794 $95,700 $12,900 $82,800
2019 $4,814 $95,700 $12,900 $82,800
2018 $4,720 $117,000 $20,900 $96,100
2017 $4,736 $117,000 $20,900 $96,100
2016 $4,557 $117,000 $20,900 $96,100
2015 $4,365 $117,000 $20,900 $96,100
2014 $4,317 $117,000 $20,900 $96,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    EILEEN MAHONEY

    Mahoney Realty Pennsville, LLC

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Map

Source: Bright MLS

MLS Number: NJSA137102

Bright MLS

APN: 08-00048-0000-00019-01

New Jersey Salem County Penns Grove 08069

70 and 70 1/2 W Pitman St, Penns Grove, NJ

This home is located at 70 and 70 1/2 W Pitman St, Penns Grove, NJ 08069 and is currently priced at $63,000, approximately $26 per square foot. This property was built in 1940. 70 and 70 1/2 W Pitman St is a home located in Salem County with nearby schools including Lafayette-Pershing Elementary School, Field Street Elementary School, and Paul W. Carleton Elementary School.

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