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$289,900

Beds
5
Baths
2.0
sq ft
2,260

422 Locust Ave, Burlington, NJ 08016

422 Locust Ave

BURLINGTON, NJ 08016

  • 11 days on market
Step into timeless elegance with this beautifully preserved Victorian home located at 422 Locust Ave. Situated in the historic and vibrant New London section of Burlington city, this residence seamlessly blends classic architectural details with modern amenities, creating the perfect sanctuary for those who appreciate both charm and convenience. The home is within walking distance to public transportation ( light rail, bus stations, and major highways), shopping, restaurants and the scenic Delaware river. The home currently has a paying tenant family for over a year on a month to month lease. Strong cashflow and meets the 1% rule. Take over the lease and start your real estate investing journey or move in yourself. The home boasts 5 bedrooms 2 full baths with a full basement and a private backyard. There is plenty space for everyone. Listing agent has financial interest. Property is being sold as is. Buyer responsible for CO.

Details

Property type

Single Family Residence

Est. home value

$258,574

Lot size

2,696 sq ft

Price per sq ft

$129

Year built

1880

Annual property taxes

$7,287

HOA

No

Price History

06/21/2024

Bright #NJBL2067908

Listed
$289,900
+65.65%
07/27/2022

Bright #NJBL393136

Sold
$175,007

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BURLINGTON CITY 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

First Union National Bank

Loan start date

September 1999

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

8%

Loan type

Credit Line (Revolving), 20 year

Seller

Catherine E Murphy

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: 07/02/2024 at 12:00 PM

Listing updated: 06/28/2024 at 11:44 AM

Listed by: Qixiao Ying, Keller Williams Realty West Monmouth Phone #: (732) 536-9010

MLS: Bright #NJBL2067908

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