NOT LISTED FOR SALE

111 Merselis Ave Clifton, NJ 07011

Lakeview Neighborhood

Estimated Value: $649,000 - $684,153

3 Beds
3 Baths
-- Sq Ft
6,800 Sq Ft Lot

Last Sold April 29, 2024

Last sale price $610,000

Est. 9% increase in value since last sale

Current estimated payment $4,613/month

21 Days on Market

About This Home

As of April 2024

Legal 3 Family! Excellent opportunity for an investment or to owner-occupy this spacious 3 Family home! 1st Floor unit offers a living rm, dining rm, eat-in-kitchen, large bedroom, office w/sliders to back deck and a full bath. 2nd Floor unit offers a living room, eat-in-kitchen, bedroom, office (currently being used as another bedroom), and a full bath. 3rd Floor unit offers a cozy living room, kitchen, bedroom, and a full bath. Mostly Hardwood Floors under carpet. Nice backyard perfect for entertaining. One heating system. Owner pays for heat, hot water, and sewer. Tenants pay for gas and electric. Basement used for storage & laundry and provides a separate entrance. Detached 3 car garage and long driveway/parking for 6+ cars with an oversized lot. All 3 units are occupied, tenants are on month-to-month leases. Close to schools, parks, shopping, public transportation, & major highways. Don't miss this incredible opportunity! Lots of potential. House being Sold Strictly "AS IS"

Last Agent to Sell the Property

Eileen LiVecchi

Weichert Realtors, Clifton Listed on: 02/20/2024

Weichert Realtors, Clifton

Last Buyer's Agent

Eileen LiVecchi

Weichert Realtors, Clifton Listed on: 02/20/2024

Weichert Realtors, Clifton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,065

Lot Details

  • 6,800

Parking

  • 3 Car Garage

Home Design

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 6,800 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00003 / 00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,065

Lot Details

0

Parking

3

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (973) 779-1900
  • MLS Status: Sold - Sold
  • Directions: Lakeview Avenue to Merselis Avenue
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Basement Remarks: Laundry, Storage

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 3.0

Utilities

  • Utilities: Electricity Connected

Lot Info

  • Lot Size Sq Ft: 6800.0

Tax Info

  • Tax Annual Amount: 11065.0
  • Tax Block: 00002
  • Tax Lot: 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Apr 29, 2024
Sold by
Forino Peter and Forino Carol J
Bought by
Russo Thomas and Ingram Karen
Seller's Agent
Eileen LiVecchi
Weichert Realtors, Clifton
Buyer's Agent
Eileen LiVecchi
Weichert Realtors, Clifton
List Price
$650,000
Sold Price
$610,000
Premium/Discount to List
-$40,000
-6.15%
Views
131
Current Estimated Value
$665,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,788
Avg. Annual Appreciation
6.12%
Original Mortgage
$427,000
Outstanding Balance
$422,935
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$234,875
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Russo Thomas $610,000 Green Hill Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Thomas $427,000
Previous Owner Forino Peter $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $610,000 -6.2% --
03/12/2024 03/12/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $650,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,229 $193,800 $83,400 $110,400
2022 $11,066 $193,800 $83,400 $110,400
2021 $10,611 $193,800 $83,400 $110,400
2020 $10,645 $193,800 $83,400 $110,400
2019 $10,570 $193,800 $83,400 $110,400
2018 $10,510 $193,800 $83,400 $110,400
2017 $10,395 $193,800 $83,400 $110,400
2016 $10,194 $193,800 $83,400 $110,400
2015 $10,095 $193,800 $83,400 $110,400
2014 $9,888 $193,800 $83,400 $110,400
Source: Public Records

Agents Affiliated with this Home

  • Eileen LiVecchi

    Seller's Agent in 2024

    Eileen LiVecchi

    Weichert Corporate

    (201) 207-7036

    1 in this area

    39 Total Sales

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Map

Source: New Jersey MLS

MLS Number: 24005247

New Jersey MLS

APN: 02-00002-06-00003

New Jersey Passaic County Clifton 07011 Lakeview

111 Merselis Ave, Clifton, NJ

This home is located at 111 Merselis Ave, Clifton, NJ 07011 since 20 February 2024 and is currently estimated at $665,788. 111 Merselis Ave is a home located in Passaic County with nearby schools including Clifton High School, Classical Academy Charter School of Clifton, and Passaic Arts and Sciences Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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