$820,000
SOLD JUN 17, 2025

16 Franklin Ave Nutley, NJ 07110

6 Beds
4 Baths
-- Sq Ft
3,425 Sq Ft Lot

Recently Sold

105 Days on Market

About This Home

As of June 2025

Prime Location! Welcome to this beautiful newly renovated two-family home located in Nutley, NJ, with an exclusive parking lot for approximately eight cars. This property offers a very large lot with it's unique opportunity for both investors and homeowners looking for additional rental income. Property Features: Both units offer renovated eat in kitchens and bathrooms, lots of natural sunlight and hardwood floors. Commuter transportation to NYC at your doorstep. Easy access to major highways makes commuting a breeze. Close to shopping, local parks, houses of worship and restaurants. Enjoy the large backyard, perfect for entertaining or relaxing.Additional Features: Hardwood floors throughout, second floor updated HVAC system, full finished basement with one half bath, a storage area and laundry facilities. Not to mention a full finished attic with additional living space for guests or even a home office. Don't miss out on this fantastic opportunity to own a versatile property in one of Nutley's most desirable areas. Come to our Open House and see all that this home has to offer!

Last Agent to Sell the Property

Kim Leonelli

Coldwell Banker, Alpine/Closter Listed on: 02/11/2025

Coldwell Banker, Alpine/Closter

Last Buyer's Agent

JUAN RAMIREZ

Keller Williams City Views Realty

Keller Williams City Views Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,665

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms

Additional Features

  • Laundry in Basement
  • 3,425 Sq Ft Lot

Community Details

  • Coin Laundry

Listing and Financial Details

  • Legal Lot and Block 4 / 9100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,665

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, Coin/Card
  • Co List Office Phone: 201-767-0550
  • MLS Status: Sold - Sold
  • Directions: Franklin ave near corner of Essex
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Remarks: Full Finished

Exterior Features

  • Disclosures: Seller's Agent

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Dimensions: 25x137 IRR
  • Lot Size Sq Ft: 3425.0

Tax Info

  • Tax Annual Amount: 13665.0
  • Tax Block: 9100
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2024
Sold by
Guaman German Castaneda
Bought by
Wfa 16 Franklin Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 8, 2023
Closed on
Mar 30, 2023
Sold by
Gencarelli Frank P
Bought by
Castaneda Guaman German
Seller's Agent
Jeffrey Lattimer
Lattimer Realty
Buyer's Agent
Renato Rosas
Coldwell Banker, Wayne
List Price
$539,000
Sold Price
$600,000
Premium/Discount to List
$61,000
11.32%
Views
237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.69%
Original Mortgage
$450,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2015
Sold by
Gencarelli Nicola and Estate Of Pasquale Gencarelli
Bought by
Gencarelli Frank P and Caravito Lisa G

Purchase Details

Closed on
Jun 20, 1996
Sold by
Pucci Robert
Bought by
Ave 108 Washington

Purchase Details

Closed on
Apr 10, 1986
Bought by
Gencarelli Pasquale
Source: Public Records

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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 Type Sale Price Title Company
Bargain Sale Deed $627,000 Fidelity National Title
Deed $600,000 Elite Title
Deed -- None Available
Deed $405,000 --
Deed $140,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $470,000 New Conventional
Previous Owner $450,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Sold $820,000 +5.8% --
05/30/2025 05/30/25 Pending -- -- --
02/11/2025 02/11/25 For Sale $775,000 +23.6% --
04/11/2024 04/11/24 Sold $627,000 +0.8% --
12/08/2023 12/08/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $622,000 +3.7% --
04/10/2023 04/10/23 Sold $600,000 +11.3% --
02/22/2023 02/22/23 Pending -- -- --
02/08/2023 02/08/23 For Sale $539,000 -- --
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 $13,375 $519,200 $201,200 $318,000
2022 $13,203 $341,700 $182,500 $159,200
2021 $13,135 $341,700 $182,500 $159,200
2020 $12,581 $341,700 $182,500 $159,200
2019 $12,329 $341,700 $182,500 $159,200
2018 $11,997 $341,700 $182,500 $159,200
2017 $11,867 $341,700 $182,500 $159,200
2016 $11,515 $341,700 $182,500 $159,200
2015 $11,331 $341,700 $182,500 $159,200
2014 $11,187 $341,700 $182,500 $159,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25004524

New Jersey MLS

APN: 16-09100-0000-00004