$720,000
SOLD JUN 2, 2023

16 Beekman St Bloomfield, NJ 07003

8 Beds
3 Baths
2,708 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$266 Per Sq Ft

9% Above List Price

38 Days on Market

About This Home

As of June 2023

Welcome to this solid 3-family turn-key investment property. An excellent opportunity to live in and collect rent. Located on a quiet street in North Bloomfield, it is conveniently located near shopping, schools, parks, the Garden State Parkway, and public transportation for an easy commute to NYC and Nwk! Full of potential for its next owners to take advantage of. First-floor Unit: three bedrooms, a living room, a full dining room, a kitchen, and a full bathroom. The second-floor unit is slightly bigger than the first, with the same layout; it features newly refinished hardwood floors and fresh paint. The third-floor unit offers two bedrooms, a living room with cathedral ceilings, an eat-in kitchen, and a full bathroom. Separate utilities for all three units: furnace, water heater, and electric. Two separate garage, separate laundry hookups for each unit, and a private yard. STOP LOOKING! !! Sold as Is!! Cap Rate 7.2 Calculate with Performs Rents.

Last Agent to Sell the Property

Luz Ruiz

Weichert Realtors, Montclair Listed on: 03/21/2023

Weichert Realtors, Montclair

Last Buyer's Agent

Luz Ruiz

Weichert Realtors, Montclair Listed on: 03/21/2023

Weichert Realtors, Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,362

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00024 / 00728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,362

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 973-744-2700
  • MLS Status: Sold - Sold
  • Directions: BROAD TO BALDWIN TO E. PASSAIC TO BEEKMAN/HOOVER TO E. PASSAIC TO BEEKMAN
  • Architectural Style: 3 Family
  • Year Built Details: 1960's,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Remarks: Yes / Full, Unfinished

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 16362.0
  • Tax Block: 00728
  • Tax Lot: 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2010
Sold by
Buist Cheryl J
Bought by
Guerra Jose and Guerra Lisa
Current Estimated Value
$903,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,640
Interest Rate
5.12%
Mortgage Type
New Conventional
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 $367,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $337,640 New Conventional
Previous Owner $102,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Rented $2,500 0.0% --
06/03/2023 06/03/23 For Rent $2,500 0.0% --
06/02/2023 06/02/23 Sold $720,000 +9.1% $266 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $660,000 -- $244 / Sq Ft
Source: New 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 $16,699 $511,000 $108,100 $402,900
2022 $16,362 $511,000 $108,100 $402,900
2021 $16,061 $511,000 $108,100 $402,900
2020 $15,815 $511,000 $108,100 $402,900
2019 $12,166 $305,600 $107,000 $198,600
2018 $12,114 $305,600 $107,000 $198,600
2017 $11,931 $305,600 $107,000 $198,600
2016 $11,796 $305,600 $107,000 $198,600
2015 $11,689 $305,600 $107,000 $198,600
2014 $11,475 $305,600 $107,000 $198,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23007959

New Jersey MLS

APN: 02-00728-0000-00024