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$650,000

Beds
3
Baths
1.0
sq ft
1,464

1608 S Central Ave, Vineland, NJ 08360

1608 S Central Ave

VINELAND, NJ 08360

  • 150 days on market
Newly renovated farmhouse on 10 acres! This recently remodeled 1464 SFT 3 bedroom, 1 bath farmhouse was originally built in 1925 and has a lovely front porch. The farmhouse has bright new kitchen cabinets, new granite countertops, new flooring, newly refinished hardwood floors, and is freshly painted inside and out! This home has newer windows, and newer boiler/cast iron radiator, newly upgraded electrical panel to 150 amp. Public water, public sewer, electric, natural gas. There is a pump station for sewer and water in the street that was installed by the developer. This property is a strategic development opportunity as the property with farmhouse on ten acres has variance approval for twenty-four units (24) 2 bedroom/2bath, 1400 SFT townhomes with flexible interior design. If the site plan layout is followed the apartments can be used for rentals, as well. Variance approval and engineering site plan layout available upon request. You can redesign to leave or remove house with application submittal. This is an Income Producing Property: There is currently a tenant in the house paying $2000/month. A portion of the property is currently being farmed for organic vegetables and the farming tenant is paying $1200/year. Please call to schedule a showing!

Details

Property type

Single Family Residence

Est. home value

$253,216

Lot size

10.0 acres

Price per sq ft

$444

Year built

1925

Annual property taxes

$5,247

HOA

No

Price History

06/25/2024
Bright

Bright #NJAC2012930

Listed
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BUENA REGIONAL SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lehman Brothers Bank Fsb

Loan start date

November 2004

Original loan amount

$196,500

Est. remaining balance

Not provided

Interest rate

5.87%

Loan type

Not Provided, 30 year

Seller

Edward Einhorn and Ralph Laks

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 6:00 AM

Listing updated: 08/14/2024 at 4:54 AM

Listed by: Patricia Pappano, KW Greater West Chester Phone #: (610) 436-6500

MLS: Bright #NJAC2012930

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