NOT LISTED FOR SALE

118 Main St Edison, NJ 08837

Estimated Value: $464,000 - $1,037,000

-- Bed
-- Bath
3,200 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $975,000 $305 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $4,824/month

29 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Heating Available
  • Benjamin Franklin Elementary School Rated A-
  • Zoned Cooling

About This Home

As of May 2024

We all have a dream lifestyle + and here is the opportunity to live yours! **Completely Renovated** Multifamily home in Edison/ Metuchen border boasts endless possibilities. Live in 1 house unit while renting out the other, or rent out both for maximum gain! In the first house on the 1st floor features an open floor layout to hold a spacious Living Rm w/Vinyl Plank flooring flowing seamlessly to the Kitchen. Stunning Kitchen with large center island ideal for entertaining all year long, kitchen offers NEW SS Appliances, Quartz Counters, & Subway Tiled backsplash.Sizable bedroom with ample closet space is located on the first floor, convenient for anyone not able to use stairs. 2nd floor has 3 Generous Bedrooms w/ample closet storage, & a sleek full bath and a tub shower. Master suite with en suite bathroom and a private balcony. Finish off the Full Attic completely finished for extra Living space or use for storage.

Last Agent to Sell the Property

Mikaela Arpino

NJ REAL ESTATE BOUTIQUE LLC Listed on: 01/11/2024

Co-Listed By

Domenique Tozzo Rule

NJ REAL ESTATE BOUTIQUE LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,882

Year Built

  • 1930

Lot Details

  • 10,001

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Zoned Cooling
  • Heating Available
  • Gas Water Heater

Additional Features

  • Deck
  • 10,001 Sq Ft Lot

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,882

Year Built

1930

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Lot Size: 0.00 x 0.00
  • Co List Office Mls Id: NJRB
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks)
  • Has Basement: Full, None
  • Interior Amenities: Unit 1(4 Bedrooms), Unit 2(2 Bedrooms)
  • Living Area: 3200
  • Stories: 2

Exterior Features

  • Lot Features: See Remarks
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

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

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Multi-Zone
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 10001

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
May 7, 2024
Sold by
Mes Ventures Llc
Bought by
118 Main Street Edison Llc
Seller's Agent
Mikaela Arpino
NJ REAL ESTATE BOUTIQUE LLC
List Price
$969,000
Sold Price
$975,000
Premium/Discount to List
$6,000
0.62%
Total Days on Market
29
Views
51
Current Estimated Value
$727,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$247,502
Avg. Annual Appreciation
-24.34%
Original Mortgage
$876,525
Outstanding Balance
$868,197
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
-$140,699

Purchase Details

Listed on
Jul 29, 2023
Closed on
Sep 27, 2023
Sold by
Kenen Robert I
Bought by
Mes Ventures Llc
Seller's Agent
Mark Jacobson
CORCORAN SAWYER SMITH
Buyer's Agent
Mark Jacobson
CORCORAN SAWYER SMITH
List Price
$325,000
Sold Price
$325,000
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
442.04%
Original Mortgage
$408,160
Interest Rate
7.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
118 Main Street Edison Llc $975,000 None Listed On Document
Mes Ventures Llc $325,000 Absolute Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 118 Main Street Edison Llc $876,525
Previous Owner Mes Ventures Llc $408,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $975,000 +0.6% $305 / Sq Ft
01/11/2024 01/11/24 For Sale $969,000 +198.2% $303 / Sq Ft
09/27/2023 09/27/23 Sold $325,000 0.0% --
07/29/2023 07/29/23 Pending -- -- --
07/29/2023 07/29/23 For Sale $325,000 -- --
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 $8,882 $150,000 $75,000 $75,000
2023 $8,882 $150,000 $75,000 $75,000
2022 $8,885 $150,000 $75,000 $75,000
2021 $8,855 $150,000 $75,000 $75,000
2020 $8,774 $150,000 $75,000 $75,000
2019 $8,442 $150,000 $75,000 $75,000
2018 $8,238 $150,000 $75,000 $75,000
2017 $8,064 $150,000 $75,000 $75,000
2016 $7,914 $150,000 $75,000 $75,000
2015 $7,611 $150,000 $75,000 $75,000
2014 $7,139 $150,000 $75,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • Mikaela Arpino

    Seller's Agent in 2024

    Mikaela Arpino

    NJ REAL ESTATE BOUTIQUE LLC

    (908) 531-7413

    9 in this area

    236 Total Sales

    Mikaela Arpino
    Section Image
  • Domenique Tozzo Rule

    Seller Co-Listing Agent in 2024

    Domenique Tozzo Rule

    NJ REAL ESTATE BOUTIQUE LLC

    (201) 709-9637

    8 in this area

    282 Total Sales

    Domenique Tozzo Rule
    Section Image
  • Mark Jacobson

    Seller's Agent in 2023

    Mark Jacobson

    CORCORAN SAWYER SMITH

    1 in this area

    245 Total Sales

    Mark Jacobson
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2407080R

All Jersey MLS

APN: 05-00789-0000-00006

New Jersey Middlesex County Edison 08837

118 Main St, Edison, NJ

This home is located at 118 Main St, Edison, NJ 08837 since 11 January 2024 and is currently estimated at $727,498, approximately $227 per square foot. This property was built in 1930. 118 Main St is a home located in Middlesex County with nearby schools including Benjamin Franklin Elementary School, Herbert Hoover Middle School, and Edison High School.

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