NOT LISTED FOR SALE

116 Franklin St Bloomfield, NJ 07003

Estimated Value: $549,000 - $640,000

5 Beds
3 Baths
-- Sq Ft
4,069 Sq Ft Lot

Last Sold March 05, 2021

Last sale price $425,000

Est. 41% increase in value since last sale

Current estimated payment $4,342/month

91 Days on Market

Highlights

  • Property is near a park
  • Baseboard Heating
  • Rectangular Lot
  • Detached Garage
  • Laundry Facilities

About This Home

As of March 2021

Excellent 2 unit home nestled in the beautiful town of Bloomfield NJ nearby retail stores, in walking distance to the beautiful Branchbrook Park and conveniently located near public transportation. This multi family home features a finished basement w/ full bath, 2 car garage, and much more. Second floor apartment offers a finished attic in conjunction with the living space. Dont miss out on a great opportunity to own an investment property or live in one unit and rent the other.

Last Agent to Sell the Property

Silvanara Abrantes

Coccia Realty Better Homes & Gardens Listed on: 09/03/2020

Coccia Realty Better Homes & Gardens

Last Buyer's Agent

Michael Schiff

Keller Williams Realty - NJ Metro Group

Keller Williams Realty - NJ Metro Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,112

Lot Details

  • 4,069 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Built between 1900 - 1939
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Washer and Dryer Hookup

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Finished Basement

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 070200370 00022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,112

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 8
  • Fireplace: None
  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Finished
  • Basement: Finished, Full bath & Laundry hook up for washer
  • Laundry: Basement, Hook Ups

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: 3+car Garage, Detached, 2 Car Garage

Utilities

  • Heating: Baseboard, Electric, Gas, Radiators
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Win/AC

Lot Info

  • County Name: ESSEX
  • Locale: 200
  • Lot: 00022
  • Estimated Lot Sq Ft: 4069
  • Lot Description: Regular

Tax Info

  • Tax: 10112
  • Assessor Parcel Number: 070200370 00022

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 Abrantes
Coccia Realty Better Homes & Gardens
Buyer's Agent
Michael Schiff
Keller Williams Realty - 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
8.13%
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
03/05/2021 03/05/21 Sold $425,000 -2.3% --
12/03/2020 12/03/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $435,000 -3.3% --
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

  • Silvanara Abrantes

    Seller's Agent in 2021

    Silvanara Abrantes

    Coccia Realty Better Homes & Gardens

    (201) 606-1110

    1 in this area

    10 Total Sales

    Silvanara Abrantes
    Section Image
  • Michael Schiff

    Buyer's Agent in 2021

    Michael Schiff

    Keller Williams Realty - 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: 20036595

New Jersey MLS

APN: 02-00370-0000-00022

New Jersey Essex County Bloomfield 07003

116 Franklin St, Bloomfield, NJ

This home is located at 116 Franklin St, Bloomfield, NJ 07003 since 03 September 2020 and is currently estimated at $597,526. 116 Franklin St 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.

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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