$815,000
PENDING

173 Academy St South Orange, NJ 07079

Estimated payment $5,767/month

Total Views 23,824
7 Beds
3.5 Baths
2,241 Sq Ft
$364 Price per Sq Ft

Highlights

  • 2 Car Detached Garage
  • Skylights
  • Patio
  • South Mountain Elementary School Rated A-
  • Porch
  • 4-minute walk to Founders Park

About This Home

VINTAGE 2 FAMILY VICTORIAN WITH A BEAUTIFUL FRONT PORCH LOCATED IN THE HEART OF BEAUTIFUL SOUTH ORANGE. WALKING DISTANCE FROM THE HIGH SCHOOL, COLLEGE AND TRAIN STATION. THIS SPACIOUS 2 FAMILY OFFERS 4 FINISHED LEVELS OF LIVING SPACE THAT CONSIST OF: UNIT 1 IS GROUND LEVEL AND COULD BE A MOTHER/DAUGHTER 3 BEDROOM WITH FULL WALK OUT FINISHED BASEMENT. THIS UNIT FEATURES HIGH CEILINGS, A LARGE LIVING ROOM, KITCHEN, DINING ROOM, (CAN BE A BEDROOM), TWO NICE SIZE BEDROOMS AND A FULL BATHROOM ON THE GROUND FLOOR AND A WALK OUT FINISHED BASEMENT THAT FEATURES A FAMILY ROOM, BEDROOM, OFFICE, SUMMER KITCHEN AND A FULL BATHROOM. SPACIOUS STORAGE/LAUNDRY ROOM THAT ACCESSES THE REAR YARD. UNIT 2 IS ON THE SECOND AND THIRD LEVEL AND FEATURES AN OPEN CONCEPT FLOOR PLAN WITH A LARGE LIVING ROOM, EAT IN KITCHEN WITH NEW APPLIANCES AND SPACIOUS 3 BEDROOMS, 1 FULL AND 1 HALF BATHROOMS, THE 3RD FLOOR FEATURES 2 BEDROOMS FOR ADDED PRIVACY. SPACIOUS PRIVATE REAR YARD AND DETACHED 2 CAR GARAGE WITH LARGE DRIVEWAY FOR OFF STREET PARKING. ALL UTILITIES ARE SEPARATE, OWNER PAYS SEWER AND WATER. LIVE IN ONE AND COLLECT RENT FROM THE OTHER OR A GREAT INVESTMENT OPPORTUNITY WITH A GREAT LOCATION. RECENT UPDATES TO INCLUDE A BRAND NEW ROOF ON BOTH THE HOUSE AND DETACHED GARAGE, A GORGEOUS NEW RETAINING WALL AND REAR PATIO AND NEW DECKING ON UPER DECK. THE 2ND FLOOR UNIT IS VACANT READY FOR OCCUPANCY !

Listing Agent

Joseph Morreale

RE/MAX SELECT Brokerage Phone: 973-625-0450 Listed on: 09/14/2024

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,664

Year Built

  • Built in 1884

Lot Details

  • 8,276 Sq Ft Lot
  • Open Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Skylights
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 7 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio
  • Porch

Utilities

  • Zoned Heating
  • Standard Electricity
  • Gas Water Heater

Community Details

  • 2,241 Sq Ft Building
  • Net Operating Income $48,810

Listing and Financial Details

  • Assessor Parcel Number 1619-02003-0000-00022-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,664

Year Built

Built in 1884

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1884
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 173
  • Directions: 173 ACADEMY ST, SOUTH ORANGE
  • I D: 5312880
  • Modified: 2025-02-12
  • Number Images: 16
  • Attribution Contact: 973-625-0450
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Skylight, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • Total Number Rooms: 14
  • Bedrooms: 7
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Open Porch(es), Patio, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Ceiling Fan
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: .186 AC
  • Assessed Improvement Value: 446000
  • Assessed Land Value: 313100
  • Assessment: 759100
  • Easement: Unknown
  • Lot Description: Open Lot
  • Lot Identifier: 22
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.19
  • Zoning: R-B

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15664
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1619-02003-0000-00022-0000-
  • Tax Rate Amount: 3.637
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year Tax: *
  • Tax Year: 2023

Multi Family

  • Total Number Units: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $15,665 $759,100 $313,100 $446,000
2024 $15,665 $759,100 $313,100 $446,000
2022 $15,105 $430,700 $227,200 $203,500
2021 $14,579 $430,700 $227,200 $203,500
2020 $14,127 $430,700 $227,200 $203,500
2019 $13,774 $430,700 $227,200 $203,500
2018 $13,567 $430,700 $227,200 $203,500
2017 $13,231 $430,700 $227,200 $203,500
2016 $13,666 $357,000 $164,900 $192,100
2015 $13,348 $357,000 $164,900 $192,100
2014 $13,070 $357,000 $164,900 $192,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Pending -- -- --
09/14/2024 09/14/24 For Sale $815,000 -- $364 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $425,000 --
Deed -- --
Deed $192,000 --
Deed $192,000 --
Deed $186,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $356,000 New Conventional
Closed $150,000 Credit Line Revolving
Closed $59,000 Future Advance Clause Open End Mortgage
Closed $340,000 No Value Available
Source: Public Records

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Source: Garden State MLS

MLS Number: 3924048

Garden State MLS

APN: 19-02003-0000-00022