See Home Value
$70,000
House - Off Market

2 RIVER PL

PENNSVILLE, NJ 08070
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1440 Sqft
$388
Estimated Monthly
$0
HOA / Fees

About This Property

You've heard it before but wow, so much potential in this home and yes, location, location, location. An investor's special or rehab option at this price is rare in this current market so take advantage of this deal and either buy it to resell or make it your very own private oasis with beautiful water views. The land surrounding the property is protected and cannot be built upon which only adds serenity to this little haven. This home has been taken down to the studs so your clean slate awaits. Come take a look and see how you can go about making it yours. Home and Shed are being sold strictly As Is, Where is in their current condition. *Flood insurance is required.
Unit Size
1,440Ft²
Days on Market
82 days
Land Size
0.31 acres
Price per sqft
$55
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1930
Last updated: 5 months ago (Bright MLS #NJSA2008854)

Price History

Date / Event Date Event Price
Feb 2, 2024 Sold $70,000
Sold
Dec 14, 2023 In contract -
In contract
Dec 12, 2023 Sold $70,000
Sold
Oct 27, 2023 In contract -
In contract
Sep 21, 2023 Listed by BHHS Fox & Roach-Mullica Hill South $79,000
Listed by BHHS Fox & Roach-Mullica Hill South
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Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,599
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,700
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.312
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MUSERO BROTHERS CONSTRUCTION LLC
  • Previous Owner : WHITE ROBERT CHRIS
  • Previous Owner 2: BROWN KYLE
  • Owner Before Previous Owner: AAR RENOVATIONS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Pennsville Township School District
  • Census Tract: 021600

Zoning

  • Zoning: 1

Geography

  • Assessors Map Reference: TAX MAP 46
  • District: 09
  • Parcel: 09 03502-0000-00004
  • Block: 3502
  • Lot: 4
  • Municipality: PENNSVILLE TWP
  • Latitude: 39.6414
  • Longitude: -75.544

    Address

  • Full Address: 2 River Pl
  • Address - House Number: 2
  • Address - Street Name: River
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Pennsville
  • Carrier Code: C007
  • 4-Digit Zip Code: 3225
  • Zip Code: 08070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,754

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 69,066
  • High Value: 79,810
  • Low Value: 58,322

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $240,000
  • First Open Lien Mortgage Lender: SECURED INV HIGH YIELD FUND II
  • First Open Lien Mortgage Recording Date: Feb 02, 2024
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jan 31, 2025
  • Second Open Lien Mortgage Recording Date: Feb 02, 2024
  • Second Open Lien Mortgage Loan Amount: $65,000
  • Second Open Lien Mortgage Term: 12
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Seller take-back
  • Second Open Lien Mortgage Loan Due Date: Jan 31, 2025

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $45,400
  • Market Improvement Value: $54,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,000
  • Assessed Land Value: $45,400
  • Assessed Improvements Value: $54,600

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Feb 02, 2024
  • Current Sale Transaction ID: 11920042996
  • Current Sale Price: $70,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 835
  • Previous Sale Recording Date: Aug 01, 2022
  • Previous Sale Contract Date: Jul 28, 2022
  • Previous Sale Amount: $78,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURED INV HIGH YIELD FUND II
  • First Mortgage Transaction Date: Feb 02, 2024
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 31, 2025
  • Second Mortgage Transaction Date: Feb 02, 2024
  • Second Mortgage Loan Amount: $65,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Seller take-back



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pennsville


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Nearby Rentals

Unit for rent at 27 W 5th St, NEW CASTLE, DE, 19720

$1,995 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
27 W 5th St, NEW CASTLE, DE, 19720 Listing by RH Advisors Bright


Frequently Asked Questions

When was property at 2 River Place built and last sold?
The property at 2 River Place was built in 1930 and last sold on Dec 7, 2023 for $70,000.
How much is this home worth?
The estimated value of the home located at 2 River Place is $89,547.
What are some comparable homes to 2 River Place?
There are currently no comparable homes to 2 River Place.

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