NOT LISTED FOR SALE

1220 W 3rd St Plainfield, NJ 07063

Estimated Value: $613,000 - $805,000

-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $520,000

Est. 35% increase in value since last sale

Current estimated payment $4,868/month

23 Days on Market

About This Home

As of May 2021

This home is located at 1220 W 3rd St, Plainfield, NJ 07063 since 12 March 2021 and is currently estimated at $702,160. This property was built in 1914. 1220 W 3rd St is a home located in Union County with nearby schools including Jefferson Elementary School, Hubbard Middle School, and Plainfield High School.

Last Agent to Sell the Property

Jessica Camino

RE/MAX SELECT Brokerage Phone: 908-769-0011 Listed on: 03/12/2021

RE/MAX SELECT

Last Buyer's Agent

Jessica Camino

RE/MAX SELECT Brokerage Phone: 908-769-0011 Listed on: 03/12/2021

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,655

Year Built

  • Built in 1914

Lot Details

  • 7,841 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,655

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Year Built: 1914
  • County Name: Union
  • Street Number Display: 1220
  • I D: 5054291
  • Modified: 2022-05-29
  • Number Images: 1
  • Attribution Contact: 908-769-0011
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 40X200
  • Total Acres: 0.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 10, 2021
Sold by
Arkad Rental Propeties Ii Llc
Bought by
Cummings Desmond
Seller's Agent
Jessica Camino
RE/MAX SELECT
Buyer's Agent
Jessica Camino
RE/MAX SELECT
List Price
$499,000
Sold Price
$520,000
Premium/Discount to List
$21,000
4.21%
Total Days on Market
23
Current Estimated Value
$702,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,160
Avg. Annual Appreciation
9.46%
Original Mortgage
$510,581
Outstanding Balance
$465,277
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$287,439

Purchase Details

Closed on
Feb 28, 2018
Sold by
Arkad Rental Properties Iii Llc
Bought by
Arkad Rental Properties Ii Llc

Purchase Details

Closed on
Apr 19, 2017
Sold by
Reaves Joseph and Reaves Barbara
Bought by
Arkad Rental Properties Iii Llc

Purchase Details

Closed on
Sep 20, 1999
Sold by
Reaves Joseph
Bought by
Reaves Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,850
Interest Rate
7.46%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Cummings Desmond $520,000 Foundation Ttl Llc East Brun
Cummings Desmond $520,000 Land Title
Arkad Rental Properties Ii Llc -- Old Republic Natl Ins Co
Arkad Rental Properties Iii Llc $105,000 None Available
Reaves Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cummings Desmond $510,581
Closed Cummings Desmond $510,581
Previous Owner Reaves Joseph $70,000
Previous Owner Reaves Joseph $66,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $520,000 +4.2% --
04/06/2021 04/06/21 Pending -- -- --
03/13/2021 03/13/21 For Sale $499,000 -- --
Source: Garden State 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 $11,655 $134,800 $30,800 $104,000
2023 $11,655 $134,800 $30,800 $104,000
2022 $11,403 $134,800 $30,800 $104,000
2021 $11,303 $134,800 $30,800 $104,000
2020 $11,271 $134,800 $30,800 $104,000
2019 $11,271 $134,800 $30,800 $104,000
2018 $11,035 $134,800 $30,800 $104,000
2017 $10,765 $134,800 $30,800 $104,000
2016 $10,545 $134,800 $30,800 $104,000
2015 $9,984 $134,800 $30,800 $104,000
2014 $9,706 $134,800 $30,800 $104,000
Source: Public Records

Agents Affiliated with this Home

  • Jessica Camino

    Seller's Agent in 2021

    Jessica Camino

    RE/MAX

    (908) 224-3057

    25 in this area

    48 Total Sales

    Jessica Camino
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3697254

Garden State MLS

APN: 12-00131-0000-00045

New Jersey Union County Plainfield 07063

1220 W 3rd St, Plainfield, NJ

This home is located at 1220 W 3rd St, Plainfield, NJ 07063 since 12 March 2021 and is currently estimated at $702,160. This property was built in 1914. 1220 W 3rd St is a home located in Union County with nearby schools including Jefferson Elementary School, Hubbard Middle School, and Plainfield High School.

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