$465,000
SOLD FEB 11, 2025

12 Fairview Ave Somerville, NJ 08876

-- Bed
-- Bath
1,712 Sq Ft
2,901 Sq Ft Lot

Recently Sold

$272 Per Sq Ft

15 Days on Market

Highlights

  • Property is near public transit and shops
  • Workshop
  • Radiator
  • Private Yard
  • Carpet

About This Home

As of February 2025

Huge opportunity to own this income producing property. Newer siding and roof. Apartment 2 recently renovated and ready to rent or live in. Apartment 1 rented for $1195 month. Close to shopping and transportation.

Last Agent to Sell the Property

Bruce Parker

BEST REALTY Listed on: 07/14/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,507

Year Built

  • Built in 1900

Lot Details

  • 2,901 Sq Ft Lot
  • Lot Dimensions are 100.00 x 29.00
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,712 Sq Ft Home
  • 2-Story Property
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Workshop
  • Basement Storage

Location

  • Property is near public transit and shops

Utilities

  • No Cooling
  • Radiator
  • 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(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,507

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0666
  • Lot Size: 100.00 x 29.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Exterior Entry, Storage Space, Interior Entry, Workshop
  • Flooring: Unit 1 Carpet
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 1712
  • Stories: 2

Exterior Features

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

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 2901
  • Zoning: R-3

Tax Info

  • Tax Annual Amount: 7507
  • 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

Closed on
Aug 5, 2024
Sold by
Lsf9 Master Participation Trust and Us Bank Trust Na
Bought by
London Osasha
Current Estimated Value
$525,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2018
Sold by
Tobias Frank and Solo Jose
Bought by
U S Bank Trust Na and Lsf9 Master Participation Trusts

Purchase Details

Closed on
Sep 10, 2007
Sold by
Brial Properties Llc
Bought by
Tobias Frank and Soto Jose

Purchase Details

Closed on
Aug 21, 2007
Sold by
Bara Andrew and Bara Annmay
Bought by
Brial Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Deed $465,000 Coastal Title Agency
Deed $465,000 Coastal Title Agency
Deed $1,000 None Available
Quit Claim Deed -- Commonwealth Land Title Insu
Deed $200,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $441,750 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2025 02/11/25 Sold $465,000 0.0% $272 / Sq Ft
07/14/2024 07/14/24 For Sale $464,900 -- $272 / 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
2025 $7,890 $199,600 $53,100 $146,500
2024 $7,890 $199,600 $53,100 $146,500
2023 $7,709 $199,600 $53,100 $146,500
2022 $7,507 $199,600 $53,100 $146,500
2021 $7,459 $199,600 $53,100 $146,500
2020 $7,305 $199,600 $53,100 $146,500
2019 $7,255 $199,600 $53,100 $146,500
2018 $7,178 $199,600 $53,100 $146,500
2017 $7,030 $199,600 $53,100 $146,500
2016 $6,744 $199,600 $53,100 $146,500
2015 $6,655 $199,600 $53,100 $146,500
2014 $6,549 $199,600 $53,100 $146,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2500661R

All Jersey MLS

APN: 18-00051-0000-00022