NOT LISTED FOR SALE

88 Washington St Trenton, NJ 08611

Chambersburg Neighborhood

Estimated Value: $186,000 - $258,000

-- Bed
-- Bath
1,408 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $320,000 $227 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $1,633/month

14 Days on Market

About This Home

As of May 2022

Investor special! Excellent opportunity to own a 4 unit multi-family property in a great location. This single detached brick exterior building is fully rented with excellent rental income, totaling 3,325.00 monthly. Each unit has separate gas and electric meters, a new roof was recently installed in February of 2022, the property is in close proximity to public transportation, Trenton train station and several schools.

Last Agent to Sell the Property

Rafael Rodriguez

RE/MAX Tri County Listed on: 04/01/2022

RE/MAX Tri County

Last Buyer's Agent

Gerardo Calvo

ERA Central Realty Group - Bordentown

ERA Central Realty Group - Bordentown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,087

Year Built

  • Built in 1955

Lot Details

  • 1,320 Sq Ft Lot
  • Lot Dimensions are 18.87 x 70.00
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • 1,408 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 00020
  • Assessor Parcel Number 11-14402-00020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,087

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Remarks Public: Investor special! Excellent opportunity to own a 4 unit multi-family property in a great location. This single detached brick exterior building is fully rented with excellent rental income, totaling 3,325.00 monthly. Each unit has separate gas and electric meters, a new roof was recently installed in February of 2022, the property is in close proximity to public transportation, Trenton train station and several schools.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1408
  • Living Area Sq Ft: 1408
  • Price Per Sq Ft: 241.41
  • Above Grade Finished Sq Ft: 1408
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 88-90

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: TRENTON PUBLIC SCHOOLS
  • School District Key: 300200396606
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 44100.00
  • Land Assessed Value: 11500.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.87 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1320.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: MU

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 2158493
  • Tax Annual Amount: 3087.00
  • Assessor Parcel Number: 11-14402-00020
  • Tax Lot: 00020
  • Tax Total Finished Sq Ft: 1408
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/31/2022

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 20, 2022
Sold by
Deron Barnes
Bought by
Pva Rentz Llc
Seller's Agent
Rafael Rodriguez
RE/MAX Tri County
Buyer's Agent
Gerardo Calvo
ERA Central Realty Group - Bordentown
List Price
$339,900
Sold Price
$320,000
Premium/Discount to List
-$19,900
-5.85%
Current Estimated Value
$227,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,114
Avg. Annual Appreciation
-9.83%
Original Mortgage
$216,750
Outstanding Balance
$206,203
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$21,683

Purchase Details

Closed on
Jun 22, 2021
Sold by
Lynch Patrick and Estate Of Thomas P Lynch
Bought by
Barnes Deron

Purchase Details

Closed on
Feb 15, 2012
Sold by
Lynch James J
Bought by
Lynch James J and Lynch Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
3.93%
Mortgage Type
New Conventional
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
Pva Rentz Llc $320,000 Leff Laurence R
Barnes Deron $260,000 Majestic Title Agency
Lynch James J -- Kingdom Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pva Rentz Llc $216,750
Previous Owner Lynch James J $126,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $320,000 -5.9% $227 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $339,900 -- $241 / 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 $4,815 $83,000 $11,500 $71,500
2024 $4,621 $83,000 $11,500 $71,500
2023 $4,621 $83,000 $11,500 $71,500
2022 $3,035 $55,600 $11,500 $44,100
2021 $3,087 $55,600 $11,500 $44,100
2020 $3,077 $55,600 $11,500 $44,100
2019 $3,028 $55,600 $11,500 $44,100
2018 $2,898 $55,600 $11,500 $44,100
2017 $2,755 $55,600 $11,500 $44,100
2016 $4,171 $72,500 $17,700 $54,800
2015 $4,156 $72,500 $17,700 $54,800
2014 $4,137 $72,500 $17,700 $54,800
Source: Public Records

Agents Affiliated with this Home

  • Rafael Rodriguez

    Seller's Agent in 2022

    Rafael Rodriguez

    RE/MAX

    6 in this area

    22 Total Sales

    Rafael Rodriguez
    Section Image
  • Gerardo Calvo

    Buyer's Agent in 2022

    Gerardo Calvo

    ERA Central Realty Group - Bordentown

    (609) 251-2155

    2 in this area

    6 Total Sales

    Gerardo Calvo
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME2014514

Bright MLS

APN: 11-14402-0000-00020

New Jersey Mercer County Trenton 08611 Chambersburg

88 Washington St, Trenton, NJ

This home is located at 88 Washington St, Trenton, NJ 08611 since 01 April 2022 and is currently estimated at $227,886, approximately $161 per square foot. This property was built in 1955. 88 Washington St is a home located in Mercer County with nearby schools including P.J. Hill Elementary School, Grant Elementary School, and Trenton Central High School - Main Campus.

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