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518 Race Street, Palmyra, NJ 08065
$265,000 Sale Pending
518 Race Street, Palmyra, NJ 08065View this property at 518 Race Street, Palmyra, NJ 08065
518 Race StreetPalmyraNJ08065
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Property Description
Spacious corner property ideal for house hacking, live in one unit, rent the other to offset your mortgage. Great income property located in Palmyra, one of NJ's Opportunity Zones. Invest now with tax saving opportunities. Solid Duplex with a first floor spacious 3 bedroom 1 bath, to be delivered vacant with rental potential of $1850 + per month. Second floor unit, 2 Bed 1 bath, occupied with long term tenant that would like to stay at $1050 per month. Some major components updated within the last few years like roof, and parging in the basement, gas heat unit completely rebuilt. Some cosmetics will allow this property to max out on market rental rates. Quiet residential neighborhood with oversized wood deck for tenant's enjoyment, spacious rear yard and covered carport. As-is sale, buyer responsible for twp CO transfer.
Full Property Details
Full Property Details for 518 Race St
General
- Price: $265,000
- Taxes: $6,081 (2022)
- Status: Pending
- Type: Duplex
- MLS ID: NJBL2060194
- Updated: 4/20/2024
- Added to Site: 93 day(s) ago
Interior
- Appliances: Refrigerator, Oven/Range - Gas
Exterior
- Exterior Features: Exterior Lighting
Parking
- Carport Spaces: 2
- Total Spaces: 2
- Parking Features: Concrete Driveway
- Parking Type: Driveway, Detached Carport, On Street
Location
- Area: Palmyra Boro (20327)
- Municipality: PALMYRA BORO
- County: Burlington
- Development Name: None Available
- Subdivision: None Available
- Driving Directions: GPS
- Location Details: Suburban
School Information
- School District: Palmyra Borough Public Schools
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric, Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Victorian
- Architectural Style: Victorian
- Structure Type: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full
- Foundation: Stone, Block
- Roof: Asphalt, Flat
- Stories/Levels: 0
- Square Feet: 1,920
- Sq. Ft. Source: Assessor
- Living Area: 1,920 Sq. Ft.
- Finished Above Grnd: 1,920 Sq. Ft.
- Year Built: 1910
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 4,000
- Lot Size Source: Assessor
- Lot Dimensions: 40.00 x 100.00
- Zoning: RES
Financial Considerations
- Price Per Sq. Ft.: $138.02
- Assessment Year: 2022
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $147,100
- Tax Amount: $6,081
- Tax Year: 2022
- Tax Total Finished Sq. Ft.: 1920
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: tenant personal contents
- Inclusions: 2 refrigerators, 2 stoves
- Lot Number: 1
Listed by Century 21 Veterans-Newtown, Melanie C Elliott
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Schools
Schools serving 518 Race St
School District:Palmyra Borough Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
100 W Charles St, Palmyra, NJ 08065 | PK-6 | 0.4 mi | |
311 W 5th St, Palmyra, NJ 08065 | 7-12 | 0.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 518 Race St
Date
Details
Price
Change
Source
3/01/2024
Listed
$265,000
47.22%
MLS
5/29/2020
Sold
$180,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 518 Race St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$6,081
4%
$147,100
—
2021
$5,869
—
$147,100
—
2021
$5,867
—
$147,100
25%
2021
$5,867
29%
$117,500
—
2019
$4,558
1%
$117,500
—
2018
$4,493
1%
$117,500
—
2017
$4,436
2%
$117,500
—
2016
$4,349
1%
$117,500
—
2015
$4,286
9%
$117,500
—
2013
$3,924
—
$117,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 518 Race St
518 Race Street, Palmyra, NJ 08065 (MLS# NJBL2060194) is a Duplex property with 0 bedrooms and 0 full bathrooms. 518 Race Street is currently listed for $265,000 and was received on March 01, 2024. Want to learn more about 518 Race Street? Do you have questions about finding other Duplex real estate for sale in Palmyra? You can browse all Palmyra real estate or contact a Coldwell Banker agent to request more information.