$549,000 - $640,000
RENTED FEB 1, 2025

116 Franklin St Unit 2 Bloomfield, NJ 07003

2 Beds
1 Bath
-- Sq Ft
1923 Built

Last Sold February 08, 2021

Last sale price $425,000

Est. 41% increase in value since last sale

Current estimated payment $4,342/month

About This Home

As of February 2025

Charming and updated 2-bedroom, 2-story rental unit in the heart of Bloomfield. This spacious home features modern finishes, new flooring, a bright open living area, and updated kitchen. Enjoy the convenience of two generous bedrooms, updated bathroom, and ample closet space, and an off-street parking spot. Perfectly located near transportation, shops, and parks. Small animal may be considered with a pet fee. Don't miss the opportunity to make this inviting space your new home!

Last Agent to Rent the Property

Pete Kopec

Keller Williams Prosperity Realty Listed on: 12/19/2024

Keller Williams Prosperity Realty

Last Renter's Agent

Giovanny Gomez

EXP Realty, LLC

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,500

Year Built

  • 1923

Kitchen

  • Gas Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,500

Year Built

1923

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: 2 Family
  • ResoLaundryFeatures: None
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Ov/Rang/Gs, Refrigerator, Water
  • Reso Association Amenities: None
  • Reso Pets Allowed: Pets Conditional
  • Co List Office Phone: 973-696-0077
  • MLS Status: Leased - Leased
  • Directions: Google Maps
  • Reso Fireplace Features: None
  • Year Built Details: 1900-1939
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1923

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Gas
  • Heating: Natural Gas, Hot Air

Lot Info

  • Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Jan 29, 2021
Sold by
Fonseca Eric
Bought by
Herbach John
Seller's Agent
SILVANARA A. ABRANTES
COCCIA REALTY BHGRE
Buyer's Agent
Michael Schiff
KELLER WILLIAMS - NJ METRO GROUP
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
$597,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,526
Avg. Annual Appreciation
7.99%
Original Mortgage
$391,000
Outstanding Balance
$353,675
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$243,851

Purchase Details

Closed on
Sep 28, 2016
Sold by
Fonseca Guido and Villaneuva Maria
Bought by
Fonseca Eric

Purchase Details

Closed on
Nov 24, 1992
Sold by
Angelo Michele V
Bought by
Fonseca Guido and Fonseca Baez,Betty
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Herbach John $425,000 Evident Title Agency Inc
Fonseca Eric -- None Available
Fonseca Guido $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herbach John $391,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2025 02/01/25 Rented -- -- --
01/28/2025 01/28/25 Price Changed $2,150 -6.5% --
12/19/2024 12/19/24 For Rent $2,300 0.0% --
02/08/2021 02/08/21 Sold $425,000 -2.3% --
12/03/2020 12/03/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $435,000 -3.3% --
10/09/2020 10/09/20 For Sale $450,000 0.0% --
10/02/2020 10/02/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $450,000 -- --
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 $12,500 $382,500 $86,400 $296,100
2022 $12,248 $382,500 $86,400 $296,100
2021 $10,265 $326,600 $86,400 $240,200
2020 $10,108 $326,600 $86,400 $240,200
2019 $10,156 $255,100 $108,800 $146,300
2018 $10,112 $255,100 $108,800 $146,300
2017 $9,959 $255,100 $108,800 $146,300
2016 $9,847 $255,100 $108,800 $146,300
2015 $9,758 $255,100 $108,800 $146,300
2014 $9,579 $255,100 $108,800 $146,300
Source: Public Records

Agents Affiliated with this Home

  • Pete Kopec

    Landlord's Agent in 2025

    Pete Kopec

    Keller Williams Prosperity Realty

    (201) 396-7675

    5 in this area

    73 Total Sales

    Pete Kopec
    Section Image

  • G

    Tenant's Agent in 2025

    Giovanny Gomez

    EXP Realty, LLC

    (201) 888-4558

    1 Total Sale

    Giovanny Gomez
    Section Image

  • S

    Seller's Agent in 2021

    SILVANARA A. ABRANTES

    COCCIA REALTY BHGRE

  • Michael Schiff

    Buyer's Agent in 2021

    Michael Schiff

    KELLER WILLIAMS - NJ METRO GROUP

    (973) 615-3608

    3 in this area

    117 Total Sales

    Michael Schiff
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24050352

New Jersey MLS

APN: 02-00370-0000-00022

New Jersey Essex County Bloomfield 07003

116 Franklin St Unit 2, Bloomfield, NJ

This home is located at 116 Franklin St Unit 2, Bloomfield, NJ 07003 since 19 December 2024 and is currently priced at $597,526. This property was built in 1923. 116 Franklin St Unit 2 is a home located in Essex County with nearby schools including Berkeley School, Bloomfield Middle School, and Bloomfield High 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.

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

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