NOT LISTED FOR SALE

Estimated Value: $740,000 - $874,000

8 Beds
4 Baths
4,128 Sq Ft
$190/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $747,000 $181 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,707/month

22 Days on Market

About This Home

As of May 2024

Welcome to a prime investment opportunity! This 4-family home, strategically positioned on the border of Newark and Irvington, is a beacon for investors seeking both immediate returns and long-term appreciation. Comprising three units featuring 2 bedrooms and 1 bath each, alongside a distinctive 3-bedroom, 1-bath unit, this property caters to diverse tenant needs, ensuring high occupancy rates. Nestled at the border of Newark and Irvington, experience the best of urban amenities and suburban charm. Proximity to major transportation hubs, schools, and shopping districts enhances the property's appeal. With four income-generating units, this property promises immediate cash flow and serves as a solid foundation for portfolio diversification. Whether you're a seasoned investor or just entering the market, this 4-family home in Newark offers a rare chance to capitalize on the booming real estate market. Invest wisely. Prosper effortlessly. Schedule your viewing today!

Last Agent to Sell the Property

Jesse Stevenson

Century 21 Full Service Realty Listed on: 03/04/2024

Century 21 Full Service Realty

Last Buyer's Agent

Jesse Stevenson

Century 21 Full Service Realty Listed on: 03/04/2024

Century 21 Full Service Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,964

Lot Details

  • 5,271

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00007 / 03731

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,964

Lot Details

5,271 Sq Ft Lot

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (845) 639-1234
  • MLS Status: Sold - Sold
  • Directions: Take Garden State Pkwy S to exit 143B. Take Lyons Ave to Stecher St in Newark. Turn right onto Stecher St. Destination will be on the right.
  • Architectural Style: 4 Family
  • Year Built Details: 1950's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Remarks: Unfinished

Exterior Features

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Dimensions: 5,253

Tax Info

  • Tax Annual Amount: 6964.0
  • Tax Block: 03731
  • Tax Lot: 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 6, 2024
Sold by
Newark Capital Holdings Llc
Bought by
A & A Prime Estates Llc
Seller's Agent
Jesse Stevenson
Century 21 Full Service Realty
Buyer's Agent
Jesse Stevenson
Century 21 Full Service Realty
List Price
$675,000
Sold Price
$747,000
Premium/Discount to List
$72,000
10.67%
Views
34
Current Estimated Value
$782,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,513
Avg. Annual Appreciation
2.53%
Original Mortgage
$597,600
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2021
Sold by
13-15 Stecher Street Management Llc
Bought by
Newark Capital Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2016
Sold by
13 Stecher St Holdings Llc
Bought by
13 15 Stecher Street Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 22, 2015
Sold by
Fontoura Armando B
Bought by
Credit Suisse First Boston Mortgage and Us Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2004

Purchase Details

Closed on
Jan 11, 2001
Sold by
Dynasty Inv
Bought by
Smith Donald and Walton Abdul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,176
Interest Rate
7.52%
Mortgage Type
FHA
Source: Public Records
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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
A & A Prime Estates Llc $747,000 None Listed On Document
A & A Prime Estates Llc $747,000 None Listed On Document
Newark Capital Holdings Llc -- New Title Company Name
13 15 Stecher Street Management Llc $170,000 Belmont Title & Settlement S
Credit Suisse First Boston Mortgage $394,290 Belmont Title & Settlement S
-- -- --
Smith Donald $167,000 --
Dynasty Inv $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner A & A Prime Estates Llc $597,600
Previous Owner Newark Capital Holdings Llc $195,000
Previous Owner 13 15 Stecher Street Management Llc $185,000
Previous Owner Credit Suisse First Boston Mortgage $185,000
Previous Owner Dynasty Inv $164,176
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2024 05/10/24 Sold $747,000 +10.7% $181 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $675,000 -- $164 / Sq Ft
Source: New Jersey MLS

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 $7,089 $186,400 $28,500 $157,900
2024 $6,949 $186,400 $28,500 $157,900
2022 $6,964 $186,400 $28,500 $157,900
2021 $6,960 $186,400 $28,500 $157,900
2020 $7,083 $186,400 $28,500 $157,900
2019 $7,011 $186,400 $28,500 $157,900
2018 $6,884 $186,400 $28,500 $157,900
2017 $8,238 $231,400 $28,500 $202,900
2016 $7,960 $231,400 $28,500 $202,900
2015 $7,657 $231,400 $28,500 $202,900
2014 $7,176 $231,400 $28,500 $202,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24006381

New Jersey MLS

APN: 14-03731-01-00007

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