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518 Race Street

518 Race Street, Palmyra, NJ 08065
Multifamily in Burlington
518 Race Street in Palmyra, NJ was first built in 1910 and is 116 years old. This has been categorized as a property type. There are a total of 200 floors. 518 Race Street has 1,920 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 3,999 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 518 Race Street was last sold in May 29, 2020 for $180,000. According to our calculations, that's $93.75 per sqft. Prior to that sales transaction, the property was sold for $135,000 in Nov 13, 2019. Current property owners are expected to pay $608,111 in taxes per year. The property on 518 Race Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $147,100. To break that down further, the land itself was valued at $36,000. While improvements to the property were assessed at a total of $111,100. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway

Accessibility

ADA Access

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20240301
03/01/2024
Studio
-
-
$265,000
bedrooms
Studio
bathrooms
-
$265,000
06/13/2024
Melanie Elliott
Century 21 Veterans-Newtown
20200222
02/22/2020
Studio
-
-
$185,000
bedrooms
Studio
bathrooms
-
$180,000 -2.70%
07/02/2020
Robyn Baselice
Weichert Realtors-Turnersville
20190421
04/21/2019
Studio
-
-
$140,000
bedrooms
Studio
bathrooms
-
$135,000 -3.57%
12/16/2019
Carmen Del Valle
Weichert Realtors-Medford


Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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
  • Living Units: 1
  • 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: 3,999
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Palmyra Borough School District
  • Census Tract: 700104

Geography

  • Assessors Map Reference: TAX MAP 6
  • District: 27
  • Parcel: 27 00110-0000-00001
  • Block: 110
  • Lot: 1
  • Municipality: PALMYRA BORO
  • Latitude: 40.001
  • Longitude: -75.0282

    Address

  • Full Address: 518 Race St
  • Address - House Number: 518
  • Address - Street Name: Race
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Palmyra
  • Carrier Code: C005
  • 4-Digit Zip Code: 1426
  • Zip Code: 08065

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $608,111

    Appraisal Valuation

  • Standard Deviation: 0.2121
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 71
  • Final Value: 300,114
  • High Value: 363,784
  • Low Value: 236,443

    Market Valuation

  • Market Total Value: $147,100
  • Market Land Value: $36,000
  • Market Improvement Value: $111,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $147,100
  • Assessed Land Value: $36,000
  • Assessed Improvements Value: $111,100

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5547025
  • Previous Sale Recording Date: Dec 16, 2019
  • Previous Sale Contract Date: Nov 13, 2019
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Palmyra



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Frequently Asked Questions

What neighborhood is 518 Race Street located in?
The 518 Race Street is a multifamily located in the neighborhood of Burlington in Palmyra, Palmyra.
What is the average sales price for listings in 518 Race Street?
The average sales price for units in 518 Race Street is $162,500 currently.