NOT LISTED FOR SALE

Estimated Value: $827,000 - $946,000

6 Beds
5 Baths
2,749 Sq Ft
$322/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $780,000 $284 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,639/month

26 Days on Market

Highlights

  • 0.06 Acre Lot
  • Double-Wide Driveway
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Oversized Parking
  • 2 Car Garage

About This Home

As of March 2022

It's all about the LOCATION! This two-family house is located in Newark's desirable Ironbound section. Located within a short walking distance to Newark's Penn Station, steps away from a NJ Transit bus stop, and just minutes from major highways and Newark Liberty Intl Airport makes this house a commuter's dream. The house is conveniently located near several grocery stores, drugstores, houses of worship, beauty and nail salons, coffee shops, and a short walk to Newark's best-known Portuguese and Latin restaurants located along Ferry St. Enjoy sporting and concert events at the nearby Prudential center, NJPAC, and Red Bulls Arena. Both apartments have an identical layout consisting of 3 bedrooms and 2 full bathrooms. The first floor's master bathroom boasts a Jacuzzi while the second-floor master bedroom has a roomy walk-in closet. The spacious ground floor basement is perfect for parties and entertaining with its own full bathroom, spiral staircase to the first-floor apartment, access to the backyard, and a separate backdoor entrance. The oversized laundry room is equipped to accommodate two sets of side-by-side washer and dryer machines with room to spare for additional storage. The large 2 car garage and additional 2 car driveway provides ample parking spaces, The house features hardwood floors throughout the main living spaces in each apartment and entryway. It has central air and heat throughout the entire house with the first-floor apartment central air recently replaced in 2021

Last Agent to Sell the Property

Joseph Wenk

Mike Koen Realty License #1648172 Listed on: 01/07/2022

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,017

Year Built

  • Built in 1996

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 2 Car Garage
  • Oversized Parking
  • Double-Wide Driveway

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,749 Sq Ft Home
  • 3-Story Property

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 14-00934-0000-00022-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,017

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Year Built: 1996
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Basement Heated: Yes
  • Garage Oversized: Yes
  • General Property Info # Parking Spaces: 2.0
  • Parking Double Wide: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Walk-Out Access, Heated
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Stories: 3
  • Basement Finished: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.06
  • Waterfront: No
  • Exclusions: Personal Items
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Double Wide, Oversized
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 14-00934-0000-00022-01
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10017.0
  • Tax Other Annual Assessment Amount: 263600.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2022
Closed on
Mar 31, 2022
Sold by
Luisa Sousa and Luisa Maria
Bought by
Guimaraes Karina
Seller's Agent
Joseph Wenk
Mike Koen Realty
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$780,000
Sold Price
$780,000
Current Estimated Value
$886,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,434
Avg. Annual Appreciation
4.24%
Original Mortgage
$624,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 1996
Sold by
Gomes Candido
Bought by
Sousa Placido and Sousa Maira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.46%
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
Guimaraes Karina $780,000 Land Title
Sousa Placido $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guimaraes Karina $624,000
Previous Owner Sousa Placido $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $780,000 0.0% $284 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $780,000 0.0% $284 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $780,000 -- $284 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $9,827 $263,600 $69,100 $194,500
2024 $9,827 $263,600 $69,100 $194,500
2022 $9,848 $263,600 $69,100 $194,500
2021 $9,843 $263,600 $69,100 $194,500
2020 $10,017 $263,600 $69,100 $194,500
2019 $9,914 $263,600 $69,100 $194,500
2018 $9,735 $263,600 $69,100 $194,500
2017 $9,384 $263,600 $69,100 $194,500
2016 $9,068 $263,600 $69,100 $194,500
2015 $8,723 $263,600 $69,100 $194,500
2014 $8,174 $263,600 $69,100 $194,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22200452

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-00934-0000-00022-01