NOT LISTED FOR SALE

425 Fairbanks Ave Northfield, NJ 08225

Estimated Value: $429,569 - $436,000

-- Bed
-- Bath
-- Sq Ft
0.34 Acres

Last Sold December 30, 2020

Last sale price $276,500

Est. 57% increase in value since last sale

Current estimated payment $2,848/month

49 Days on Market

About This Home

As of December 2020

Great investment opportunity with this 5 unit rental property. This property has one 3 bedroom unit, two 2 bedroom units, and two 1 bedroom units along with a detached garage providing a total rental income of $59,400. Separate electric meters and the property was converted to gas in 2012. Separate gas meters and five new gas heaters installed at that time. Centrally location close to area shopping, restaurants, public transportation and more. Just 10 mins to the beach and Atlantic City Casino's.

Last Listed By

Dave Getter

WEICHERT REALTORS BRIGANTINE REALTY License #1221494 Listed on: 09/07/2020

WEICHERT REALTORS BRIGANTINE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,395

Lot Details

  • 0.34

Parking

  • 3 Car Detached Garage

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,395

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 09/07/2020
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: 6 Ft. Or More Head Room

Garage/Parking

  • Garage: Detached Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 103 x 145 irr

Rental Info

  • Rental Information: 100 Percent Occupancy, Monthly

Multi Family

  • Number Of Units: 5
  • Number Of1 Bedroom Units: 2
  • Number Of2 Bedroom Units: 2
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2020
Closed on
Dec 30, 2020
Sold by
Georgiou George
Bought by
Pira Blerim
Seller's Agent
Dave Getter
WEICHERT REALTORS BRIGANTINE REALTY
Buyer's Agent
Dave Getter
WEICHERT REALTORS BRIGANTINE REALTY
List Price
$265,000
Sold Price
$276,500
Premium/Discount to List
$11,500
4.34%
Total Days on Market
49
Current Estimated Value
$432,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,285
Avg. Annual Appreciation
10.66%

Purchase Details

Closed on
Jun 16, 2003
Sold by
Hinkelman Brad
Bought by
Georgiou George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 1999
Sold by
Frank Carol L
Bought by
Hinkelman Brad and Hinkelman Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,900
Interest Rate
6.7%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pira Blerim $276,500 Agents Title Llc
Georgiou George $365,000 --
Georgiou George $365,000 Commonwealth Land Title Insu
Hinkelman Brad $199,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Georgiou George $125,000
Previous Owner Georgiou George $292,000
Previous Owner Hinkelman Brad $243,827
Previous Owner Hinkelman Brad $19,900
Previous Owner Hinkelman Brad $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $276,500 +4.3% --
10/26/2020 10/26/20 Pending -- -- --
09/07/2020 09/07/20 For Sale $265,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,395 $428,600 $118,500 $310,100
2023 $14,967 $428,600 $118,500 $310,100
2022 $14,967 $428,600 $118,500 $310,100
2021 $14,808 $428,600 $118,500 $310,100
2020 $14,864 $428,600 $118,500 $310,100
2019 $14,611 $428,600 $118,500 $310,100
2018 $14,350 $428,600 $118,500 $310,100
2017 $13,874 $428,600 $118,500 $310,100
2016 $13,321 $428,600 $118,500 $310,100
2015 $13,137 $428,600 $118,500 $310,100
2014 $12,421 $428,600 $118,500 $310,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dave Getter

    Weichert Corporate

    (609) 703-7508

    29 Total Sales

    Dave Getter
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 541709

South Jersey Shore Regional MLS

APN: 18-00127-0000-00001-01

New Jersey Atlantic County Northfield 08225

425 Fairbanks Ave, Northfield, NJ

Homes for Sale in Northfield, NJ

This home is located at 425 Fairbanks Ave, Northfield, NJ 08225 since 07 September 2020 and is currently estimated at $432,785. 425 Fairbanks Ave is a home located in Atlantic County with nearby schools including Northfield Community Elementary School, Northfield Community Middle School, and Mainland Regional High School.

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