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Hammonton 08037
397 S 1ST ROAD
$499,900
● Land - In Contract

397 S 1ST ROAD

HAMMONTON, NJ 08037
bedrooms
Studio
bathrooms
0 Bath
$2,911
Est. Monthly
3.75%
Cap Rate

About This Property

Pro Builder's Alert. Rare opportunity in Hammonton. 9.81 Acres with public water and sewer. The property is located in the R-3 Zone. R-3 allows for 1 house per 25,000 sq ft, also it allows for twin units per 37,500 sq ft. This property is adjacent to the Tim Schaeffer development "Woodbridge" which was a wildly successful development. This lot has many of the same characteristics as Woodbridge. There is access and frontage on both Grand Street and 1st Road. The frontage on both roadways are 330' respectively. The length of the property is 1,295' (its a perfect rectangle).  A ballpark estimate of how many possible lots (this is inclusive of 50' conceptual down the middle  of the lot roadway), would be 14 to 16 houses or 16 to 18 twin units. These are estimates only! There are two houses on the lot, both close to 1st Road. The house to the rear is a likely tear-down. The house closer to the road is likely salvageable however its in poor condition. There are also 3 trailer bodies on the property. Entry into the houses is strictly prohibited unless the buyer prospect signs a hold harmless agreement prior to entry. Please contact Joe Wiessner Realty for the hold harmless agreement. Entry to the three trailers are strictly  prohibited. All outbuildings are sold strictly as is. All engineering work and approvals (Local, State, and Federal) shall be the responsibility of the Buyer, at the Buyers sole cost and expense. Closing to occur once a zoning permit is attained. Parcels like this are rare indeed. Call to today to stake your claim.
Unit Size
-
Days on Market
-
Land Size
9.81 acres
Price per sqft
-
Property Type
Land
Property Taxes
$455
HOA Dues
-
Year Built
1900

Listed By

JOSEPH WIESSNER
JOSEPH WIESSNER
JOE WIESSNER REALTY, LLC

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Cap Rate Calculator

Last updated: 2 years ago (Bright MLS #NJAC111472)

Price History

Date / Event Date Event Price
Sep 5, 2019 Listed $499,900
Listed
Pro Builder's Alert. Rare opportunity in Hammonton. 9.81 Acres with public water and sewer. The property is located in the R-3 Zone. R-3 allows for 1 house per 25,000 sq ft, also it allows for twin units per 37,500 sq ft. This property is adjacent to the Tim Schaeffer development "Woodbridge" which was a wildly successful development. This lot has many of the same characteristics as Woodbridge. There is access and frontage on both Grand Street and 1st Road. The frontage on both roadways are 330' respectively. The length of the property is 1,295' (its a perfect rectangle). A ballpark estimate of how many possible lots (this is inclusive of 50' conceptual down the middle of the lot roadway), would be 14 to 16 houses or 16 to 18 twin units. These are estimates only! There are two houses on the lot, both close to 1st Road. The house to the rear is a likely tear-down. The house closer to the road is likely salvageable however its in poor condition. There are also 3 trailer bodies on the property. Entry into the houses is strictly prohibited unless the buyer prospect signs a hold harmless agreement prior to entry. Please contact Joe Wiessner Realty for the hold harmless agreement. Entry to the three trailers are strictly prohibited. All outbuildings are sold strictly as is. All engineering work and approvals (Local, State, and Federal) shall be the responsibility of the Buyer, at the Buyers sole cost and expense. Closing to occur once a zoning permit is attained. Parcels like this are rare indeed. Call to today to stake your claim.

Property Highlights

Exterior Details
Lot Size Area: 427324
Lot Size Units: Square Feet
Lot Size Acres: 9.81
Lot Size Square Feet: 427324
Lot Size Dimensions: 0.00 x 0.00
Tax Lot: 00011
Water Source: Public
Financial Details
Tax Assessed Value: $201,000
Tax Annual Amount: $5,465
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 427,324
  • Total Building Area: 2,784
  • Building Area: 2,784
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,784
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000009810
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: B142L8

Neighborhood

  • School District Name: Hammonton Town School District
  • Census Tract: 011000

Zoning

  • Zoning: R3

Geography

  • District: 13
  • Parcel: 13 03714-0000-00011
  • Block: 3714
  • Lot: 11
  • Municipality: HAMMONTON TOWN
  • Latitude: 39.6223
  • Longitude: -74.7998

    Address

  • Full Address: 397 S 1st Rd
  • Address - House Number: 397
  • Street Direction: S
  • Address - Street Name: 1st
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Hammonton
  • Carrier Code: R003
  • 4-Digit Zip Code: 8403
  • Zip Code: 08037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $547,323

    Appraisal Valuation

  • Standard Deviation: 0.2027
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 356,119
  • High Value: 428,315
  • Low Value: 283,923

    Market Valuation

  • Market Total Value: $201,000
  • Market Land Value: $109,100
  • Market Improvement Value: $91,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,000
  • Assessed Land Value: $109,100
  • Assessed Improvements Value: $91,900

    Sales

  • Current Sale Contract Date: May 17, 1966
  • Current Sale Recording Date: May 17, 1966
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Hammonton


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Frequently Asked Questions

When was property at 397 South 1st Road built and last sold?
The property at 397 South 1st Road was built in 1900 and last sold on May 17, 1966 for $0.
How much is this home worth?
The estimated value of the home located at 397 South 1st Road is $504,899.
What are some comparable homes to 397 South 1st Road?
There are currently no comparable homes to 397 South 1st Road.