Seller's Agent in 2017
Joseph Baylis
Weichert Corporate
(609) 915-9992
89 Total Sales
9 Francis St Wrightstown, NJ 08562
Estimated Value: $295,867 - $580,000
--
Bed
--
Bath
--
Sq Ft
7,500
Sq Ft Lot
About This Home
As of March 2017Just Reduced!!!!This extraordinary investment property is fully renovated and houses 6 one bedroom apartment units in the town of Wrightstown. Contains 7,500 square feet of area and 75 feet of frontage on Francis Street. Vinyl siding,insulated windows with screens, steel doors, aluminum wrapped fascia, soffit, gutters and downspouts. Tenants pay all utilities except heat. The roof and windows were replaced in 2003. In 2009,the apartments on the first, second and third floors on the front of the building were totally redone with all new plumbing, electric, baths, kitchens including roof and windows. All new hot water heaters have been installed. The building has a state green card for all units and gets a new Certificate of Occupancy any time there is a change in occupancy. Tenants are responsible for the electrical service.Landlord is responsible for water, sewer, heat and hot water systems. The property attracts government contractors who are typically given a stipend to cover living costs. It has a history of low vacancy and gets competitive rents. Great location directly across from the main gate of McGuire AFB. It is 15 minutes from Trenton and 35 minutes to Philadelphia. Nothing to do but sit back and enjoy the high financial return on your investment. Do not miss out on this incredible opportunity!
Last Agent to Sell the Property
(609) 915-9992 jbaylisweichert@hotmail.com Weichert Realtors-Princeton Junction License #NJ-8439869 Listed on: 12/20/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,561
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 75x100
Parking
- On-Street Parking
Home Design
- Vinyl Siding
Basement
- Partial Basement
Utilities
- Heating System Uses Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Operating Expense $3,561
Listing and Financial Details
- Tax Lot 00002
- Assessor Parcel Number 40-00602-00002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 20, 2016
Closed on
Feb 27, 2017
Sold by
9 Francis Llc
Bought by
Francis Apts Llc
Seller's Agent
Joseph Baylis
Weichert Realtors-Princeton Junction
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$340,000
Sold Price
$305,000
Premium/Discount to List
-$35,000
-10.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,217
Avg. Annual Appreciation
3.66%
Original Mortgage
$12,251,750
Outstanding Balance
$10,156,984
Interest Rate
4.16%
Mortgage Type
Commercial
Estimated Equity
-$9,737,767
Purchase Details
Closed on
Mar 22, 2005
Sold by
Tronco Daniel and Tronco Pamela
Bought by
9 Francis Llc
Purchase Details
Closed on
Sep 20, 2000
Sold by
T & T Property Management Inc
Bought by
T & T Property Management Inc
Purchase Details
Closed on
Jun 30, 1997
Sold by
Mccarthy Charles J and Mccarthy Charlotte O
Bought by
Tronco Daniel A and Tronco Pamela J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
7.86%
Purchase Details
Closed on
May 13, 1996
Sold by
Mccarthy Charles J and Mccarthy Charlotte O
Bought by
Mccarthy Charles J and Mccarthy Charlotte O
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Francis Apts Llc | $305,000 | Riverside Abstract Nj | |
| 9 Francis Llc | $200,000 | -- | |
| T & T Property Management Inc | -- | Surety Title Corporation | |
| Tronco Daniel A | $95,000 | -- | |
| Mccarthy Charles J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Francis Apts Llc | $12,251,750 | |
| Previous Owner | Tronco Daniel A | $66,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2017 03/02/17 | Sold | $305,000 | -10.3% | -- |
| 12/20/2016 12/20/16 | Pending | -- | -- | -- |
| 12/20/2016 12/20/16 | For Sale | $340,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,756 | $184,800 | $22,500 | $162,300 |
| 2024 | $6,069 | $184,800 | $22,500 | $162,300 |
| 2023 | $6,069 | $184,800 | $22,500 | $162,300 |
| 2022 | $5,540 | $184,800 | $22,500 | $162,300 |
| 2021 | $5,372 | $184,800 | $22,500 | $162,300 |
| 2020 | $5,439 | $184,800 | $22,500 | $162,300 |
| 2019 | $5,383 | $184,800 | $22,500 | $162,300 |
| 2018 | $5,134 | $184,800 | $22,500 | $162,300 |
| 2017 | $4,607 | $184,800 | $22,500 | $162,300 |
| 2016 | $3,561 | $95,000 | $20,600 | $74,400 |
| 2015 | $3,490 | $95,000 | $20,600 | $74,400 |
| 2014 | $3,736 | $95,000 | $20,600 | $74,400 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Baylis
-
datacorrect BrightMLS
d
Buyer's Agent in 2017
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: 1002494128
APN: 40-00602-0000-00002
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