NOT LISTED FOR SALE

8 St Andrews Place Marmora, NJ 08223

Estimated Value: $408,935 - $601,000

-- Bed
-- Bath
1,446 Sq Ft
$367/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $325,000 $225 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,099/month

4 Days on Market

Highlights

  • Deck
  • Shed
  • Heating Available
  • Porch

About This Home

As of February 2021

Excellent income generating opportunity! This duplex building features 2 BR, 1 BA on the first floor and 2 BR, 2 BA on the second floor. Both are rented year 'round with the first floor bringing in $1,060 per month and the 2nd floor rents for $1,200 per month. The building sits on a 50' x 100' lot and is a short walk to the primary and elementary school. Super easy access to the Garden State Parkway and the Ocean City beaches.

Last Agent to Sell the Property

Douglas Grisbaum

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave Listed on: 11/05/2020

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

Co-Listed By

REBECCA ALLEGRETTO

MONIHAN REALTY

Last Buyer's Agent

Mark Grimes

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,009

Parking

  • Parking Pad

Home Design

  • Duplex
  • Vinyl Siding

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed
  • Porch

Additional Features

  • Stove
  • Lot Dimensions are 50' x 101'
  • Heating Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1965
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Refrigerator, Washer

Exterior Features

  • Outside Features: Curbs, Deck, Porch, Shed, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Parking Pad

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 50' x 101'

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Feb 5, 2021
Sold by
North Warren E
Bought by
Palombo Daniel and Neville David
Seller's Agent
Douglas Grisbaum
LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave
Buyer's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
List Price
$344,900
Sold Price
$325,000
Premium/Discount to List
-$19,900
-5.77%
Current Estimated Value
$512,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,745
Avg. Annual Appreciation
10.66%
Original Mortgage
$243,750
Outstanding Balance
$218,008
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$313,226

Purchase Details

Closed on
Feb 5, 2020
Sold by
North Warren
Bought by
Palombo Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2008
Sold by
Juliano Brian and Juliano Theresa M
Bought by
North Warren E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2002
Sold by
Burns Michael
Bought by
Juliano Brian and Juliano Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.17%

Purchase Details

Closed on
May 15, 2002
Sold by
Pagano Antonio
Bought by
Burns Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.15%

Purchase Details

Closed on
Sep 30, 1998
Sold by
Bellucci Joseph
Bought by
Pagano Antonio and White William
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Palombo Daniel $325,000 None Available
Palombo Daniel $325,000 None Listed On Document
North Warren E $272,000 The Title Company Of Jersey
Juliano Brian $206,000 --
Burns Michael $168,000 --
Pagano Antonio $120,000 --
Pagan Antonio $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palombo Daniel $243,750
Previous Owner Palombo Daniel $243,750
Previous Owner North Warren E $217,600
Previous Owner Juliano Brian $106,000
Previous Owner Burns Michael $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $325,000 -5.8% $225 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $344,900 -- $239 / Sq Ft
Source: South Jersey Shore Regional 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 $4,820 $210,000 $108,500 $101,500
2024 $4,820 $210,000 $108,500 $101,500
2023 $4,582 $210,000 $108,500 $101,500
2022 $4,414 $210,000 $108,500 $101,500
2021 $3,151 $210,000 $108,500 $101,500
2020 $4,093 $210,000 $108,500 $101,500
2019 $3,984 $210,000 $108,500 $101,500
2018 $3,879 $210,000 $108,500 $101,500
2017 $3,830 $210,000 $108,500 $101,500
2016 $3,896 $210,000 $108,500 $101,500
2015 $3,791 $210,000 $108,500 $101,500
2014 $4,052 $275,300 $158,600 $116,700
Source: Public Records

Agents Affiliated with this Home

  • Douglas Grisbaum

    Seller's Agent in 2021

    Douglas Grisbaum

    LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

    (609) 335-3801

    3 in this area

    66 Total Sales

    Douglas Grisbaum
    Section Image

  • R

    Seller Co-Listing Agent in 2021

    REBECCA ALLEGRETTO

    MONIHAN REALTY

    (609) 703-6114

    11 in this area

    16 Total Sales

    REBECCA ALLEGRETTO
    Section Image
  • Mark Grimes

    Buyer's Agent in 2021

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    11 in this area

    159 Total Sales

    Mark Grimes
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 544288

South Jersey Shore Regional MLS

APN: 11-00657-0000-00009

New Jersey Cape May County Marmora 08223

8 St Andrews Place, Marmora, NJ

Not Listed for Sale

MultiFamily

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