$580,000
SOLD OCT 16, 2024 RENTED JAN 15, 2025

118 Highland Ave Highland Park, NJ 08904

-- Bed
-- Bath
1,400 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$414 Per Sq Ft

8% Above List Price

9 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Utility Room
  • Highland Park High School Rated A
  • 2 Car Detached Garage
  • Carpet

About This Home

As of October 2024

Fantastic opportunity to own a 2 family home in Highland Park. Downstairs unit is 3 beds with 2 baths and upstairs unit is 2 beds with 1 bath. Close to major highways, train, bus, New Brunswick, Edison, Rutgers, RWJ Hospital, restaurants and shops. Showings begin August 4th

Last Agent to Sell the Property

Bruce Parker

BEST REALTY Listed on: 08/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,293

Year Built

  • Built in 1937

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 142.00 x 0.00
  • Private Yard

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Carpet
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • No Cooling
  • Hot Water Baseboard Heater
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,293

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.163
  • Lot Size: 142.00 x 0.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1937
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Dryer,Range/Oven,Refrigerator,Washer), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Utility Room
  • Flooring: Unit 2 Carpet
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,Living Room,2+ Baths), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 1400
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Near Public Transit
  • Exterior Features: Curbs, Sidewalk, Yard
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Detached, 1-2 Car Parking, On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 7100

Tax Info

  • Tax Annual Amount: 10293
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2024
Closed on
Oct 3, 2024
Sold by
Bodo Anthony and Bodo Louise
Bought by
Shum Wesley and Tran Jennifer Carol
Seller's Agent
Bruce Parker
BEST REALTY
List Price
$537,000
Sold Price
$580,000
Premium/Discount to List
$43,000
8.01%
Views
26
Current Estimated Value
$574,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,969
Avg. Annual Appreciation
-4.55%
Original Mortgage
$408,750
Outstanding Balance
$405,902
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$152,893
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 $580,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $408,750 New Conventional
Previous Owner $50,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Rented $1,775 +1.4% --
01/10/2025 01/10/25 For Rent $1,750 0.0% --
10/16/2024 10/16/24 Sold $580,000 +8.0% $414 / Sq Ft
08/04/2024 08/04/24 For Sale $537,000 -- $384 / Sq Ft
Source: All 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 $10,129 $415,500 $257,500 $158,000
2023 $10,129 $415,500 $257,500 $158,000
2022 $10,293 $123,700 $55,800 $67,900
2021 $4,557 $123,700 $55,800 $67,900
2020 $10,152 $123,700 $55,800 $67,900
2019 $10,159 $123,700 $55,800 $67,900
2018 $8,010 $123,700 $55,800 $67,900
2017 $9,718 $123,700 $55,800 $67,900
2016 $9,770 $123,700 $55,800 $67,900
2015 $9,404 $123,700 $55,800 $67,900
2014 $9,250 $123,700 $55,800 $67,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2501312R

All Jersey MLS

APN: 07-01201-0000-00007