tomo logo

$225,000

Beds
3
Baths
2.0
sq ft
1,232

427 Locust Ave, Burlington, NJ 08016

427 Locust Ave

BURLINGTON, NJ 08016

  • 26 days on market
    • Price drop $10,000↓
Welcome to your future home in the heart of Burlington City! This delightful 3-bedroom, 2-bathroom residence is situated in a historic neighborhood, making it the perfect option for first-time homebuyers or anyone looking for a convenient commuting location. With just over 1,200 square feet of living space, this inviting home features a thoughtful layout that combines comfort and functionality. The oversized porch greets you as you arrive, providing a cozy space to relax and enjoy the neighborhood’s charm. Step through the front door and into the spacious living area, which is filled with natural light and ready for your personal touch. The home includes three bedrooms, each offering a peaceful retreat at the end of the day. Two well-appointed bathrooms ensure convenience for busy mornings or guests. The kitchen and dining areas provide a great space for meal prep and family gatherings, with plenty of room to make your culinary dreams a reality. Location is key, and this home doesn’t disappoint. With quick access to Route 130, I-295, the NJ Turnpike, and the Riverline, commuting to work or exploring nearby attractions has never been easier. You'll find yourself just minutes away from shopping, dining, and entertainment options, making this a truly convenient spot. This historic gem is waiting for you to make it your own. Don’t miss the opportunity to add your personal touches and create the perfect sanctuary in this charming home. Schedule a showing today and start your journey to homeownership in Burlington City!

Details

Property type

Duplex

Est. home value

$232,352

Lot size

2,226 sq ft

Price per sq ft

$183

Year built

1910

Annual property taxes

$5,334

HOA

No

Price History

11/09/2024
Bright

Bright #NJBL2074674

Price change
$225,000
-4.26%
10/27/2024
Bright

Bright #NJBL2074674

Price change
$235,000
-6%
10/20/2024
Bright

Bright #NJBL2074674

Listed
$250,000
+42.86%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BURLINGTON CITY SCHOOLS

Negotiation Insights

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

Seller could get up to

$43,369
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$163,631
Cash to seller
$43,369

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2020

Original loan amount

$179,025

Est. remaining balance

$163,631

Interest rate

2.81%

Loan type

VA, 30 year

Seller

Walter G Mciver

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: 11/14/2024 at 8:45 PM

Listing updated: 11/09/2024 at 4:54 PM

Listed by: Allan Forsyth, ERA Central Realty Group - Bordentown Phone #: (609) 298-4800

MLS: Bright #NJBL2074674

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