NOT LISTED FOR SALE

77 E 2nd St Moorestown, NJ 08057

Estimated Value: $481,566 - $612,000

Studio
-- Bath
2,522 Sq Ft
$213/Sq Ft Est. Value

Last Sold April 20, 2020

Last sale price $280,000 $111 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,432/month

34 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • No HOA
  • South Valley Elementary School Rated A+
  • 1 Fireplace
  • 5-minute walk to Percheron Park

About This Home

As of April 2020

Great investment property. Excellent school system, close to all major highways, shopping malls, and restaurants. You could live in one unit and rent the other. When entering the front apartment you will find a comfortable living room leading into the eat in kitchen which consists of lots of cabinet space plus a pantry and laundry facilities. You also have a basement for storage or workshop. Unit A features three bedrooms and 2 full baths. This apartment previously rented for $1600.00 monthly. It is currently vacant. Unit B which is in the rear apartment has a porch for comfortable living on those summer nights. Spacious kitchen and living room as well. The second floor has two very nice size bedrooms and bath. There is also access to the basement for your convenience for storage.This apartment is currently rented for $1400.00 monthly, which is currently leased on a month to month basis. To add to this there is a 2 car over sized detached garage that can also be rented for $400.00 monthly plus we have parking for 6 cars. Please call to see this property that has so much potential you will be pleasantly surprised. Asking $315,000 which is priced to sell!! Paula Jukel cell 856-979-7200

Last Agent to Sell the Property

Paula Jukel

(856) 979-7200 paulajukel1@gmail.com American Realty Co. License #7850156 Listed on: 02/04/2020

Last Buyer's Agent

Ellie Orr

(908) 659-6255 ellieorr@kw.com Keller Williams Realty - Cherry Hill

Keller Williams Realty - Cherry Hill

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,901

Year Built

  • Built in 1873

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 50.00 x 215.00
  • Downtown Location

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces
  • Oversized Parking
  • Gravel Driveway

Home Design

  • Duplex
  • Victorian Architecture
  • Combination Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,522 Sq Ft Home
  • 1 Fireplace
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven

Flooring

  • Partially Carpeted
  • Laminate
  • Vinyl

Outdoor Features

  • Deck
  • Porch

Schools

  • Moorestown Elementary And Middle School
  • Moorestown High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for sewer, real estate taxes, insurance, water
  • Tax Lot 00036
  • Assessor Parcel Number 22-04401-00036

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit
  • Insurance Expense $1,600
  • Maintenance Expense $700
  • Operating Expense $9,371
  • Gross Income $16,800
  • Net Operating Income $7,429

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,901

Year Built

Built in 1873

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 2 stoves and 2 refrigerators
  • New Construction: No
  • Year Built: 1873
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven - Single
  • Flooring Type: Laminated, Partially Carpeted, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Combination Kitchen/Dining, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full, Combination
  • Total Sq Ft: 2522
  • Living Area Sq Ft: 2522
  • Price Per Sq Ft: 124.90
  • Above Grade Finished Sq Ft: 2522
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Parking Features: Gravel Driveway
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Source: 3rd Party
  • Elementary School: MOORESTOWN
  • High School: MOORESTOWN
  • Middle Or Junior School: MOORESTOWN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 155500.00
  • Land Assessed Value: 107600.00
  • Lot Size Acres: 0.25
  • Lot Dimensions: 50.00 x 215.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10750.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning: MULTI

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Sewer, Taxes - Real Estate, Insurance, Water
  • Rent Control: No
  • Total Actual Rent: 16800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Operating Expense: 9371.00
  • Vacancy Allowance Rate: 100.00

Tax Info

  • Assessor Parcel Number: 1686169
  • Tax Annual Amount: 6901.00
  • Assessor Parcel Number: 22-04401-00036
  • Tax Lot: 00036
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MOORESTOWN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Apr 15, 2020
Sold by
Montorio Michael
Bought by
Eder Keith P and Eder Karen
Seller's Agent
Paula Jukel
American Realty Co.
Buyer's Agent
Ellie Orr
Keller Williams Realty - Cherry Hill
List Price
$315,000
Sold Price
$280,000
Premium/Discount to List
-$35,000
-11.11%
Current Estimated Value
$537,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,392
Avg. Annual Appreciation
12.03%
Original Mortgage
$238,000
Outstanding Balance
$211,628
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$325,764

Purchase Details

Closed on
Oct 31, 2005
Sold by
Hughes Richard Trevor
Bought by
Montorio Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,900
Interest Rate
5.5%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 28, 2001
Sold by
Deblitz Jason B and Tickner Ryan B
Bought by
Hughes R Trevor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
8.6%

Purchase Details

Closed on
Aug 25, 1999
Sold by
Albrecht Christopher and Albrecht Diane M
Bought by
Deblitz Jason B and Tickner Ryan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,937
Interest Rate
7.65%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Eder Keith P $280,000 Your Hometown Title Llc
Montorio Michael $206,000 None Available
Hughes R Trevor $180,000 --
Deblitz Jason B $130,000 Group 21 Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eder Keith P $238,000
Previous Owner Montorio Michael $30,900
Previous Owner Montorio Michael $164,800
Previous Owner Hughes R Trevor $171,000
Previous Owner Deblitz Jason B $128,937
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2020 04/20/20 Sold $280,000 -11.1% $111 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $315,000 0.0% $125 / Sq Ft
12/05/2014 12/05/14 Rented $1,050 0.0% --
12/02/2014 12/02/14 Under Contract -- -- --
10/15/2014 10/15/14 For Rent $1,050 -30.0% --
04/12/2014 04/12/14 Rented $1,500 -6.3% --
04/10/2014 04/10/14 Under Contract -- -- --
01/06/2014 01/06/14 For Rent $1,600 +52.4% --
10/08/2012 10/08/12 Rented $1,050 +5.0% --
10/02/2012 10/02/12 Under Contract -- -- --
09/05/2012 09/05/12 For Rent $1,000 -- --
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 $7,464 $263,100 $107,600 $155,500
2024 $7,238 $263,100 $107,600 $155,500
2023 $7,238 $263,100 $107,600 $155,500
2022 $7,164 $263,100 $107,600 $155,500
2021 $7,070 $263,100 $107,600 $155,500
2020 $7,025 $263,100 $107,600 $155,500
2019 $6,901 $263,100 $107,600 $155,500
2018 $6,714 $263,100 $107,600 $155,500
2017 $6,772 $263,100 $107,600 $155,500
2016 $6,749 $263,100 $107,600 $155,500
2015 $6,667 $263,100 $107,600 $155,500
2014 $6,330 $263,100 $107,600 $155,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL366116

Bright MLS

APN: 22-04401-0000-00036