NOT LISTED FOR SALE

117-119 Lyons Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $597,000 - $750,000

9 Beds
5 Baths
-- Sq Ft
4,291 Sq Ft Lot

Last Sold January 26, 2024

Last sale price $737,000

Est. 8% decrease in value since last sale

Current estimated payment $4,607/month

19 Days on Market

About This Home

As of January 2024

THE PERFECT INVESTMENT PROPERTY!!! well maintained 4 Units Multi Fam / Taxes $12,374. Renovated in 2018. This property makes a great turn-key investment. Live in one unit while earning passive income in this well-maintained fourplex. Easy Commute by car, bus, or train to NYC & beyond!!! Located just minutes from all major highways to NYC and through out NJ Ground level is VACANT and updated and 1st floor tenant is in a process of moving out. Property renovated in 2018 and well maintained.

Last Agent to Sell the Property

Yariv Raich

Imperial Home Sales Listed on: 10/13/2023

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,381

Lot Details

  • 4,291

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 4,291 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00051 / 03660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,381

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (973) 743-1777
  • MLS Status: Sold - Sold
  • Directions: LYONS AVE NEAR BETH ISRAEL HOSPITAL
  • Architectural Style: 4 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 9

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 4291.0

Tax Info

  • Tax Annual Amount: 12381.0
  • Tax Block: 03660
  • Tax Lot: 00051

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 7, 2023
Sold by
Raich Yariv
Bought by
Forbes Shanisha and Forbes Darnessa
Seller's Agent
Yariv Raich
Imperial Home Sales
Buyer's Agent
Outside Agent
Outside Office
List Price
$725,000
Sold Price
$737,000
Premium/Discount to List
$12,000
1.66%
Views
19
Current Estimated Value
$674,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,222
Avg. Annual Appreciation
-3.62%
Original Mortgage
$723,651
Interest Rate
6.61%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2020
Sold by
117 Lyons Associates Llc
Bought by
Raich Yariv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2018
Sold by
117 Associates Llc
Bought by
Grant 9 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,750
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 20, 2015
Closed on
Sep 15, 2016
Sold by
Marnin Rand
Bought by
177 Lyons Associates Llc
Seller's Agent
Justin Kiliszek
EXP REALTY, LLC
List Price
$145,000
Sold Price
$100,000
Premium/Discount to List
-$45,000
-31.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.59%

Purchase Details

Closed on
Apr 21, 2016
Sold by
Wells Fargo Bank Na
Bought by
Marnin Rand

Purchase Details

Closed on
Mar 25, 2015
Sold by
Fontoura Armando B
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 15, 1993
Sold by
Metro-Line Mortgage Corp
Bought by
Sorbino Joseph L

Purchase Details

Closed on
Jul 23, 1992
Sold by
Fontura Armando B
Bought by
Metro-Line Mortg

Purchase Details

Closed on
Feb 12, 1990
Sold by
Wesley Leonard and Wesley Swedowsky,Bernard
Bought by
Caribbean Real Estate

Purchase Details

Closed on
Mar 22, 1989
Sold by
Wesley Leonard
Bought by
Wesley Leonard and Wesley Swedowsky,Bernard
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
Forbes Shanisha $730,000 Stewart Title
Raich Yariv -- Riverside Abstract Llc
Grant 9 Llc $135,000 Westcore Title
177 Lyons Associates Llc -- None Available
Marnin Rand $105,105 Liberty Title & Escrow Co
Wells Fargo Bank Na $176,586 None Available
Sorbino Joseph L $130,000 --
825Eph L Sorbino $130,000 --
Metro-Line Mortg $100 --
Caribbean Real Estate $105,000 --
Wesley Leonard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Forbes Shanisha $723,651
Previous Owner Raich Yariv $337,500
Previous Owner Grant 9 Llc $140,750
Closed Wells Fargo Bank Na --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $737,000 +1.7% --
11/01/2023 11/01/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $725,000 +625.0% --
08/10/2016 08/10/16 Sold $100,000 -31.0% --
02/04/2016 02/04/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $145,000 -- --
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 $12,355 $331,400 $27,800 $303,600
2024 $12,355 $331,400 $27,800 $303,600
2022 $12,381 $331,400 $27,800 $303,600
2021 $12,374 $331,400 $27,800 $303,600
2020 $7,752 $204,000 $27,400 $176,600
2019 $7,672 $204,000 $27,400 $176,600
2018 $7,534 $204,000 $27,400 $176,600
2017 $7,262 $204,000 $27,400 $176,600
2016 $7,018 $204,000 $27,400 $176,600
2015 $6,750 $204,000 $27,400 $176,600
2014 $6,326 $204,000 $27,400 $176,600
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2024

    Yariv Raich

    Imperial Home Sales

    (973) 743-1777

    7 in this area

    15 Total Sales

    Yariv Raich
    Section Image

  • O

    Buyer's Agent in 2024

    Outside Agent

    Outside Office

  • J

    Seller's Agent in 2016

    Justin Kiliszek

    EXP REALTY, LLC

    (973) 298-4247

    5 in this area

    227 Total Sales

    Justin Kiliszek
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23031678

New Jersey MLS

APN: 14-03660-0000-00051

New Jersey Essex County Newark 07112 Weequahic

117-119 Lyons Ave, Newark, NJ

This home is located at 117-119 Lyons Ave, Newark, NJ 07112 since 13 October 2023 and is currently estimated at $674,778. 117-119 Lyons Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Chancellor Avenue School, and Hawthorne Avenue Elementary 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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