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308 Magnolia Avenue

308 Magnolia Avenue, Elizabethport, NJ 07206
Multifamily in Union
308 Magnolia Avenue has been categorized by the local assessors in Elizabethport, NJ as a residential type of property. The building on the property was first built in 2004 and is 20 years old. The building has a total of 2 stories. In addition, 308 Magnolia Avenue has 68,000 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Mar 9, 2021 for $460,000. That's $208.33 per sqft. Prior to that sales transaction, the property was also sold in Oct 14, 2009 for $145,000. 308 Magnolia Avenue was last assessed in 2023. The total value of the property was assessed at $52,000. Specifically, the land the property is located on was valued at $10,800. While improvements on the property were assessed at a total of $41,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $16,344. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
Paved Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201014
10/14/2020
7 Bed
5 Bath
-
$449,000
bedrooms
7 Bed
bathrooms
5 Bath
$460,000 +2.45%
03/29/2021
Silvana Gomes-Heil

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Duplex
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,208
  • Gross Building Area: 2,208
  • Building Area: 2,208
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 68,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : AKINNUSI DAMILOLA D
  • Current Owner 2: AKINSOWON VICTORIA
  • Previous Owner : LEVY PAUL
  • Previous Owner 2: LEVY VALERIE
  • Owner Before Previous Owner: US BANK NATIONAL ASSOCIATION
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Elizabeth City School District
  • Census Tract: 030400

Geography

  • District: 04
  • Parcel: 04 00724-0000-00014
  • Block: 724
  • Lot: 14
  • Municipality: ELIZABETH CITY
  • Latitude: 40.6543
  • Longitude: -74.1879

    Address

  • Full Address: 308 Magnolia Ave
  • Address - House Number: 308
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Elizabethport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1913
  • Zip Code: 07206

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,344

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 687,196
  • High Value: 847,851
  • Low Value: 526,540

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,000
  • First Open Lien Mortgage Lender: AMERICAN NEIGHBORHOOD MTG ACCE
  • First Open Lien Mortgage Recording Date: Mar 29, 2021
  • First Open Lien Mortgage Loan Amount: $345,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $52,000
  • Market Land Value: $10,800
  • Market Improvement Value: $41,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,000
  • Assessed Land Value: $10,800
  • Assessed Improvements Value: $41,200

    Sales

  • Current Sale Contract Date: Mar 09, 2021
  • Current Sale Recording Date: Mar 29, 2021
  • Current Sale Transaction ID: 11830674327
  • Current Sale Price: $460,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 3110
  • Previous Sale Recording Date: Jan 12, 2010
  • Previous Sale Contract Date: Oct 14, 2009
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NEIGHBORHOOD MTG ACCE
  • First Mortgage Transaction Date: Mar 29, 2021
  • First Mortgage Loan Amount: $345,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jan 12, 2010
  • Previous Mortgage Loan Amount: $101,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Dec 01, 2039

About Elizabeth



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 308 Magnolia Avenue located in?
The 308 Magnolia Avenue is a multifamily located in the neighborhood of Union in Elizabeth, Elizabethport.
What is the average sales price for listings in 308 Magnolia Avenue?
The average sales price for units in 308 Magnolia Avenue is $449,000 currently.

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