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12 Hewitt Ln
Score
0
Sicklerville, NJ

12 Hewitt Ln

220K
3 bd • 2 ba • 1,608 sf

This analysis was generated on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$219,900

Price/Sq.Ft

$137

Year Built

1986

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 12 Hewitt Ln, Sicklerville, NJ offers excellent value at $136.75/sqft, which is significantly below the area average of approximately $200/sqft for similar properties. With 1,608 sqft, it provides ample space compared to the local average of around 1,500 sqft for 3-bedroom homes. The home's location near highways, public transportation, shopping, and restaurants adds to its appeal. The property's flood risk score of 1/10 is exceptionally low, potentially leading to lower insurance costs. The inclusion of central A/C and a 90% efficient forced air heating system adds to the home's comfort and energy efficiency.

The Bad

The property requires "TLC" and is being sold "as-is," indicating potential renovation costs. The seller's requirement for cash or rehab financing suggests significant work may be needed. The home's age (built in 1986) means some systems and features may be outdated or nearing the end of their lifespan. The local schools have low ratings (2-3/10), which could impact resale value and attractiveness to families with children. The property has been on the market for an unusually long time (3276 days), which raises questions about its condition or pricing strategy.

The Ugly

The property has a severe heat risk (7/10) and a major wind risk (6/10), which could lead to higher insurance premiums and potential damage costs. The requirement for the buyer to be responsible for all inspections, certifications, and obtaining a CO (Certificate of Occupancy) suggests potential code violations or significant repair needs. The property's price history shows a concerning trend, having sold for $75,000 in 1997 and $64,500 in 2000, but now listed at $219,900. This large price increase, coupled with the "as-is" condition, raises red flags about potential overvaluation or hidden issues.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for experienced investors or DIY enthusiasts with significant renovation experience and capital. It may appeal to buyers looking for a project home in a convenient location with good bones and potential for appreciation after improvements. The property could be ideal for first-time homebuyers willing to put in sweat equity, especially those without children who are less concerned about school ratings. Given the low price per square foot, it could also attract buyers looking to maximize space on a budget.

Not For

This property is not suitable for buyers seeking a move-in ready home or those without the financial resources for potentially extensive renovations. Families prioritizing high-quality schools should look elsewhere due to the low local school ratings. Risk-averse buyers or those unable to qualify for rehab financing should avoid this property. It's also not ideal for remote workers or those highly sensitive to heat, given the severe heat risk score.
Demographics
Area Median Income

$90,318

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 13, 2015
Ida Nichols, Household Finance Corp IiiUs Bank Trust Na
Sheriffs Deed
Foreclosure
$64,500Financed
Aug 31, 2000
Federal Housing AdministrationMelvin C Nichols Jr
Deed
Standard Sale (Purchase/Resales)
$75,000Financed
Jun 27, 1997
Nicholas M IannaconeLorraine George
Deed
Standard Sale (Purchase/Resales)

Property Taxes

$4,230
2024 Tax Assessment
4.6%from previous year
Assessed Value$116,700
Tax Rate3.63%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 104°F

windMAJOR

Insurance: Required

airMINIMAL

2 bad air quality days per year

fireMINIMAL

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

Risk Analysis

Major risks include the severe heat risk (7/10) and major wind risk (6/10), which could lead to comfort issues and potential property damage. The "as-is" sale and requirement for rehab financing suggest potentially significant hidden repair costs. The long time on market (3276 days) indicates possible underlying issues deterring buyers. The dramatic price increase since 2000 without clear justification poses a risk of overvaluation. Potential code violations or safety issues may exist, given the buyer's responsibility for obtaining a CO. The low school ratings could impact future resale value and rental potential.
Insurance
Annual Cost

$792

$66 per month

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Schools

Winslow Twp High School

Public•Grades 9-12
2/10
High
1,273 students

Financials

Monthly Costs
Market Rent (3 bed)

$2,130

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$219,900
Price/sqft
$137
Layout
3 bd•2 ba
Days on market
33 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$335,625

34.5%

Your price is 34.5% below average

Median Price

$350,000

37.2%

Based on 6 recent sales

Price per Sq.Ft

$207

33.9%

Your price is 33.9% below average $/sqft

Comparable Properties

8 MEADOWOOD LN, SICKLERVILLE, NJ 08081
Price: $270,000
Sq.Ft: 1,408
Beds/Baths: 2/2
$/Sq.Ft:
$19240.2%
Sale Date: 11/4/2024
18 DREXEL GATE DR, SICKLERVILLE, NJ 08081
Price: $350,000
Sq.Ft: 1,728
Beds/Baths: 4/2
$/Sq.Ft:
$20348.1%
Sale Date: 10/17/2024
6 DREXEL CT, SICKLERVILLE, NJ 08081
Price: $335,000
Sq.Ft: 1,560
Beds/Baths: 3/2
$/Sq.Ft:
$21557.0%
Sale Date: 9/25/2024
43 DREXEL GATE DR, SICKLERVILLE, NJ 08081
Price: $355,750
Sq.Ft: 1,728
Beds/Baths: 3/2
$/Sq.Ft:
$20650.5%
Sale Date: 10/10/2024
12 PEACHTON LN, SICKLERVILLE, NJ 08081
Price: $350,000
Sq.Ft: 1,591
Beds/Baths: 4/2
$/Sq.Ft:
$22060.9%
Sale Date: 9/9/2024
40 PENFIELD LN, SICKLERVILLE, NJ 08081
Price: $353,000
Sq.Ft: 1,695
Beds/Baths: 4/2
$/Sq.Ft:
$20852.3%
Sale Date: 9/24/2024

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