NOT LISTED FOR SALE

81 Lanning Ave Penns Grove, NJ 08069

Estimated Value: $233,000 - $537,303

-- Bed
-- Bath
-- Sq Ft
6,270 Sq Ft Lot

Last Sold April 19, 2019

Last sale price $174,000

Est. 154% increase in value since last sale

Current estimated payment $2,817/month

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding
  • En-Suite Primary Bedroom

About This Home

As of April 2019

Fully Occupied four unit building with excellent income. Great for investor with four -2BR units, separate utilities and entrances for tenants, side and rear parking. Located just off Broad street in quiet neighborhood. Can also be sold together with 25 other units throughout South Jersey in a portfolio sale.

Last Agent to Sell the Property

Sid Benstead

(609) 870-2249 sidbenstead@aol.com BHHS Fox & Roach-Marlton Listed on: 09/14/2018

BHHS Fox & Roach-Marlton

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,270

Year Built

  • Built in 1940

Lot Details

  • 6,270 Sq Ft Lot
  • Lot Dimensions are 57x110

Home Design

  • Quadruplex
  • Wood Siding

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Cooling System Utilizes Natural Gas
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 08-00019-00004

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $607
  • Insurance Expense $2,333
  • Maintenance Expense $1,500
  • Operating Expense $12,970

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,270

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 81

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood 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, Driveway

Utilities

  • Annual Heating Expense: 325.00
  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Cooling Type: Wall Unit
  • Electric Expense: 607.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 935.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 57X110
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6270.00
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 38220.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 4

Tax Info

  • Tax Annual Amount: 7270.00
  • Assessor Parcel Number: 08-00019-00004
  • Tax Lot: 00004
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 04/19/2019

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Lacey Rock Llc
Bought by
81 Lanning Llc
Current Estimated Value
$441,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Outstanding Balance
$235,369
Interest Rate
8.07%
Mortgage Type
New Conventional
Estimated Equity
$205,957

Purchase Details

Closed on
Feb 17, 2023
Sold by
Bme Partners Llc
Bought by
Lacey Rock Llc

Purchase Details

Closed on
Jan 14, 2021
Sold by
5 Bundle Tower Llc
Bought by
Bleubell Broad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
2.71%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 6, 2015
Closed on
Jun 12, 2015
Sold by
Fauntleroy James E and Fauntleroy Betty D
Bought by
Jpk 81 Lanning Llc
Seller's Agent
Ron Bruce
BHHS Fox & Roach-Mullica Hill South
Buyer's Agent
Barbara Mckale
BHHS Fox & Roach-Marlton
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
Original Mortgage
$99,200
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2001
Sold by
Curione Ernest and Curione Catherine A
Bought by
Fauntleroy James E and Fauntleroy Betty D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.75%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
81 Lanning Llc $550,000 Fidelity National Title
81 Lanning Llc $550,000 Fidelity National Title
Lacey Rock Llc $199,000 Sjs Title
Lacey Rock Llc $199,000 Sjs Title
Bme Partners Llc $155,000 Sjs Title
Bme Partners Llc $155,000 Sjs Title
Bleubell Broad Llc $250,000 Riverside Abstract Llc
Jpk 81 Lanning Llc $115,000 None Available
Fauntleroy James E $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 81 Lanning Llc $236,000
Closed 81 Lanning Llc $236,000
Previous Owner Bleubell Broad Llc $326,000
Previous Owner Jpk 81 Lanning Llc $99,200
Previous Owner Fauntleroy James E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2019 04/19/19 Sold $174,000 -12.6% --
11/23/2018 11/23/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $199,000 0.0% --
02/10/2017 02/10/17 Rented $875 0.0% --
02/01/2017 02/01/17 Under Contract -- -- --
12/13/2016 12/13/16 For Rent $875 0.0% --
06/12/2015 06/12/15 Sold $115,000 -11.5% $38 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $129,900 -- $42 / 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 $5,735 $103,400 $12,300 $91,100
2024 $5,542 $103,400 $12,300 $91,100
2023 $5,542 $103,400 $12,300 $91,100
2022 $5,343 $103,400 $12,300 $91,100
2021 $5,112 $103,400 $12,300 $91,100
2020 $5,179 $103,400 $12,300 $91,100
2019 $5,201 $103,400 $12,300 $91,100
2018 $4,639 $115,000 $20,000 $95,000
2017 $4,655 $115,000 $20,000 $95,000
2016 $6,995 $179,600 $20,900 $158,700
2015 $6,701 $179,600 $20,900 $158,700
2014 $6,627 $179,600 $20,900 $158,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004141132

Bright MLS

APN: 08-00019-0000-00004