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Map
$2,113,909*
●
Land -
Off Market
517 S PENNSVILLE AUBURN ROAD
CARNEYS POINT, NJ 08069
Studio
0 Bath
$1,530,000 - $1,870,000
Reference Base Price*
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Welcome to the New Jersey Opportunity Zones! This vacant land sits
at the base of the NJ Turnpike and easily accessed via I-295.
Property is clear and ready to be developed. Public
Water/Sewer and natural gas are available.The Opportunity Zones
program was enacted as part of the 2017 federal Tax Cuts and Jobs
Act and is designed to drive long-term capital investments into
low-income rural and urban communities. This federal program
provides opportunities for private investors to support investments
in distressed communities through participation in Qualified
Opportunity Funds. Investors can defer paying federal taxes on
capital gains reinvested in Qualified Opportunity Funds that invest
in low-income communities, under rules released by the U.S.
Department of the Treasury. Reinvested capital gains are deferred
from taxation until exit from a Qualified Opportunity Fund or
December 31, 2026, whichever comes first. However the original
gains reinvested in Qualified Opportunity Fund investments held for
the long term are taxed at reduced rates, with taxable gains
discounted by 10% at the 5-year mark and by an additional 5%
discount at the 7-year mark. Any new gains from Qualified
Opportunity Fund investments held for at least 10 years will be
permanently excluded from the capital gains tax. Combined with
incentives from the State, this program makes doing business in
Carneys Point Township the township to choose!
Unit Size
-
Days on Market
-
Land Size
11.80 acres
Price per sqft
-
Property Type
Land
Property Taxes
$39,495
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 17, 2022 | Sold | $1,175,000 | |
Sold | |||
Mar 4, 2021 | No longer available | - | |
No longer available | |||
Dec 3, 2020 | Relisted | $1,700,000 | |
Relisted | |||
Dec 1, 2020 | No longer available | - | |
No longer available | |||
Oct 17, 2020 | Price Decreased |
$1,700,000
↓ $200K
(10.5%)
|
|
Price Decreased |
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/26/2019
|
|
Loft
|
-
|
-
|
$2,500,000
Loft
-
|
-
-
|
-
|
-
|
Building Info
517 South Pennsville Auburn Road
517 South Pennsville Auburn Road, Penns Grove, NJ 08069