NOT LISTED FOR SALE

700 W Summer Rd Minotola, NJ 08341

Estimated Value: $245,088 - $327,000

-- Bed
-- Bath
2,556 Sq Ft
$111/Sq Ft Est. Value

Last Sold April 13, 2022

Last sale price $172,000 $67 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,844/month

About This Home

As of April 2022

*** Multiple Offers received - Highest & Best due Monday 2/14/22 at 7pm! ***
Ready to add 2 more doors to your rental portfolio? Here is your chance to own this spacious Duplex in desirable Buena Borough! This corner lot property in Minotola is a side-by-side with one unit featuring 3 beds 1 bath, and the other unit featuring 3 beds and 1.5 bathrooms. This property is in need of renovations, and is ideal for the cash buyer. Property is being sold strictly as-is, and any certifications required are at the sole responsibility of the buyer. Call today for additional details and to schedule a private tour of your next investment property!

Last Agent to Sell the Property

Carlo Drogo

(856) 692-4368 carlodrogo@gmail.com EXP Realty, LLC Listed on: 02/10/2022

EXP Realty, LLC

Last Buyer's Agent

Yechiel Schwartz

(908) 415-4176 investorsedgerealty@gmail.com Investors Edge Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,006

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 100.00 x 160.00

Home Design

  • 2,556 Sq Ft Home
  • Duplex
  • Frame Construction

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 00019
  • Assessor Parcel Number 04-00190-00019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,006

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 2556
  • Living Area Sq Ft: 2556
  • Price Per Sq Ft: 58.69
  • Above Grade Finished Sq Ft: 2556
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 70600.00
  • Land Assessed Value: 54400.00
  • Lot Size Acres: 0.37
  • Lot Dimensions: 100.00 x 160.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16000.00
  • Zoning: R

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2

Tax Info

  • Assessor Parcel Number: 3320837
  • Tax Annual Amount: 4006.00
  • Assessor Parcel Number: 04-00190-00019
  • Tax Lot: 00019
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: BUENA REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2022
Closed on
Apr 8, 2022
Sold by
Ciraolo Rhonda C
Bought by
Mickey Holdings Llc
Seller's Agent
Carlo Drogo
EXP Realty, LLC
Buyer's Agent
Yechiel Schwartz
Investors Edge Realty
List Price
$150,000
Sold Price
$172,000
Premium/Discount to List
$22,000
14.67%
Current Estimated Value
$284,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,022
Avg. Annual Appreciation
15.22%
Original Mortgage
$154,800
Outstanding Balance
$142,250
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$141,772

Purchase Details

Closed on
Jan 13, 2022
Sold by
Ciraolo Sr Ronald J
Bought by
Ciraolo Duane C and Ciraolo Rhonda C

Purchase Details

Closed on
Mar 21, 2002
Sold by
Pace Margaret
Bought by
Ciraolo Ronald J
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
Mickey Holdings Llc $172,000 Concord Title
Ciraolo Duane C -- Testa Heck Testa & White Pa
Ciraolo Ronald J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mickey Holdings Llc $154,800
Closed Mickey Holdings Llc $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2022 04/13/22 Sold $172,000 +14.7% $67 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $150,000 -- $59 / 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 $4,300 $125,000 $54,400 $70,600
2024 $4,300 $125,000 $54,400 $70,600
2023 $4,193 $125,000 $54,400 $70,600
2022 $4,193 $125,000 $54,400 $70,600
2021 $4,006 $125,000 $54,400 $70,600
2020 $4,144 $125,000 $54,400 $70,600
2019 $4,073 $125,000 $54,400 $70,600
2018 $4,066 $125,000 $54,400 $70,600
2017 $4,018 $125,000 $54,400 $70,600
2016 $3,815 $125,000 $54,400 $70,600
2015 $3,659 $125,000 $54,400 $70,600
2014 $3,499 $125,000 $54,400 $70,600
Source: Public Records

Agents Affiliated with this Home

  • Carlo Drogo

    Seller's Agent in 2022

    Carlo Drogo

    EXP Realty, LLC

    (856) 692-4368

    28 in this area

    616 Total Sales

    Carlo Drogo
    Section Image
  • Yechiel Schwartz

    Buyer's Agent in 2022

    Yechiel Schwartz

    Investors Edge Realty

    (908) 415-4176

    3 in this area

    51 Total Sales

    Yechiel Schwartz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJAC2002970

Bright MLS

APN: 04-00190-0000-00019

New Jersey Atlantic County Minotola 08341

700 W Summer Rd, Minotola, NJ

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