$805,000
SOLD FEB 14, 2025
6 Beds
4.5 Baths
-- Sq Ft
2,801 Sq Ft Lot

Recently Sold

2% Below List Price

53 Days on Market

About This Home

As of February 2025

Under Construction: The remarkably spacious new construction two-family building is located in the Fairmount section of Newark near Rutgers & NJIT University and UMDNJ Hospital. Step inside to a stunning living and dining room featuring a large open plan layout that is perfect for hosting and allows for versatile furniture arrangements. At the heart of each apartment is a beautifully designed gourmet kitchen, equipped with ample countertop space, cabinets, a large island of modern stainless-steel appliances, hardwood flooring, and a washer hook-up in both units. Stunning master bedroom with a full bathroom that includes a walk-in closet. The ground floor level features a recreational area with a bathroom and an ideal space for relaxation and entertainment. It has a low-maintenance garden, an in-built garage, and off-street parking for 2 cars. Potential rental income is between $6000-$7000K monthly and great location. 5-year tax abatement & 10 Year Home Warranty.

Last Agent to Sell the Property

DARRELL BAILEY

EXP Realty, LLC Listed on: 11/09/2024

EXP Realty, LLC

Co-Listed By

RAEEMAH REDD

Keller Williams Realty - NJ Metro Group

Keller Williams Realty - NJ Metro Group

Last Buyer's Agent

RAEEMAH REDD

Keller Williams Realty - NJ Metro Group

Keller Williams Realty - NJ Metro Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $805

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms

Additional Features

  • Laundry in unit
  • 2,801 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00057 / 01861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$805

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups, In Unit
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: Central Avenue to S15th Street
  • Architectural Style: 2 Family
  • Year Built Details: 2000's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2801.0

Tax Info

  • Tax Annual Amount: 805.0
  • Tax Block: 01861
  • Tax Lot: 00057

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2024
Closed on
Feb 14, 2025
Sold by
Lionheart Development Limited Liability and Lionheart Development Llc
Bought by
Joseph Tamika
Seller's Agent
DARRELL BAILEY
EXP Realty, LLC
Buyer's Agent
RAEEMAH REDD
Keller Williams Realty - NJ Metro Group
List Price
$825,000
Sold Price
$805,000
Premium/Discount to List
-$20,000
-2.42%
Views
44
Current Estimated Value
$795,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,522
Avg. Annual Appreciation
-1.60%
Original Mortgage
$684,250
Outstanding Balance
$681,374
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$117,808

Purchase Details

Closed on
May 10, 2024
Sold by
Lionheart Development Llc
Bought by
Lionheart Development Limited Liability Compa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.32%
Mortgage Type
Construction

Purchase Details

Closed on
May 20, 2022
Sold by
City Of Newark
Bought by
Lionheart Development Llc

Purchase Details

Closed on
May 17, 2006

Purchase Details

Closed on
Aug 27, 1990
Sold by
Burr Samuel
Bought by
Heyward Robert
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $805,000 Zwiren Title
Deed -- None Listed On Document
Quit Claim Deed $16,800 Westcor Land Title
Quit Claim Deed $20,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $684,250 New Conventional
Previous Owner $480,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2025 02/14/25 Sold $805,000 -2.4% --
01/01/2025 01/01/25 Pending -- -- --
11/09/2024 11/09/24 For Sale $825,000 -- --
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
2025 $805 $21,600 $21,600 --
2024 $805 $21,600 $21,600 $0
2022 -- $21,600 $21,600 $0
2021 $0 $21,600 $21,600 $0
2020 $0 $21,600 $21,600 $0
2019 $0 $21,600 $21,600 $0
2018 $0 $21,600 $21,600 $0
2017 $0 $21,600 $21,600 $0
2016 $0 $21,600 $21,600 $0
2015 $715 $21,600 $21,600 $0
2014 $670 $21,600 $21,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24035992

New Jersey MLS

APN: 14-01861-0000-00057