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$225,000

Beds
3
Baths
1.0
sq ft
1,410

665 aka 725 Wood St, Burlington, NJ 08016

665 aka 725 Wood St

BURLINGTON, NJ 08016

  • 81 days on market
    • Price drop $25,000↓
PLEASE note: the address on the property is 725. Charm and convenience welcome you. The home has been updated approximately 1 year ago with new carpeting, new tile flooring, new stove and refrigerator, new countertops, new windows, freshly painted and more. The bathroom has been update with new vanity, sink, toilet, light fixtures, flooring and freshly painted. This ideal location makes commuting a breeze. The backyard is perfect for relaxing, entertaining, playing, cookouts etc. There is plenty of storage in the basement. Thinking of renting, why not consider purchasing a home of your own? This one is a great possibility.

Details

Property type

Single Family Residence

Est. home value

$223,115

Lot size

2,997 sq ft

Price per sq ft

$160

Year built

1928

Annual property taxes

$5,507

HOA

No

Price History

11/01/2024
Bright

Bright #NJBL2071774

Price change
$225,000
-10%
09/25/2024
Bright

Bright #NJBL2071774

Price change
$250,000
-9.09%
08/26/2024
Bright

Bright #NJBL2071774

Listed
$275,000
+108.33%

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

$117,288
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$89,712
Cash to seller
$117,288

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

Seller’s Loan History

Lender

Absolute Home Mortgage Corp

Loan start date

August 2022

Original loan amount

$92,400

Est. remaining balance

$89,712

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

William Young and Alviona Young

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 10:55 PM

Listing updated: 11/08/2024 at 1:44 AM

Listed by: Michelle Arnold, Compass New Jersey, LLC - Moorestown Phone #: (856) 214-2639

MLS: Bright #NJBL2071774

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