NOT LISTED FOR SALE

174 Osborne Terrace Unit 176 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $620,000 - $780,000

8 Beds
3 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold April 01, 2022

Last sale price $450,000

Est. 53% increase in value since last sale

Current estimated payment $4,691/month

30 Days on Market

About This Home

As of April 2022

Delightful property is located on the Weequahic/Clinton Hill Border. Spacious 3 Family Home with 8BD/3BA. Property boasts a Timberline roof, all separate electric meters & gas heating units. Amenities of a 2-car detached garage, hardwood floors, unfinished basement, storage & more! A UST was recently removed by the seller. NFA Letter will be provided at closing. Based on academic performance, Public, Charter & Private Schools are available. Moments from Beth Israel Hospital & NY/NJ Trans with direct service to the Airport. Only 20 minutes from Elizbeth's Jersey Gardens Mall or Newark's vibrant Downtown Shopping District featuring an awesome museum, dining, entertainment and sports venues. Great investment opportunity in a progressive community undergoing a renaissance of new development projects making it the perfect to call home! ***Seller will provide NJ Green Card (pending approval) and all local municipal certificates.

Last Agent to Sell the Property

Eulondia Reese-Turner

Coldwell Banker, Upper Montclair Listed on: 11/30/2021

Coldwell Banker, Upper Montclair

Last Buyer's Agent

Monica Sarmiento

Coldwell Banker, Alpine/Closter

Coldwell Banker, Alpine/Closter

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,911

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 40x125

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Basement

  • Laundry in Basement

Community Details

  • Maintenance Expense $640

Listing and Financial Details

  • Legal Lot and Block 00023 / 03599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,911

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, Hook Ups
  • Co List Office Phone: (908) 233-0065
  • MLS Status: Sold - Sold
  • Directions: Hawthorne or Nye to Osborne Terr
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Remarks: Full/Unfinished w/Utility & Laundry Hook-up

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Dimensions: 40X125
  • Lot Size Sq Ft: 5001.0

Multi Family

  • Maintenance Expense: 640.0

Tax Info

  • Tax Annual Amount: 7911.0
  • Tax Block: 03599
  • Tax Lot: 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Mar 31, 2022
Sold by
Arrington Romie L
Bought by
Fernandez Ivan P Morocho
Seller's Agent
Eulondia Reese-Turner
Coldwell Banker, Upper Montclair
Buyer's Agent
Monica Sarmiento
Coldwell Banker, Alpine/Closter
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Current Estimated Value
$686,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,428
Avg. Annual Appreciation
12.71%
Original Mortgage
$320,512
Outstanding Balance
$299,765
Interest Rate
3.85%
Mortgage Type
FHA
Estimated Equity
$386,663

Purchase Details

Closed on
May 31, 2006
Sold by
Johnson Reginald
Bought by
Arrington Romie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
6.58%
Source: Public Records

Range of Values:

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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
Fernandez Ivan P Morocho $450,000 None Listed On Document
Arrington Romie $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Ivan P Morocho $320,512
Previous Owner Arrington Romie $234,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $450,000 +5.9% --
12/30/2021 12/30/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $425,000 -- --
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
2025 $12,619 $338,500 $26,300 $312,200
2024 $12,619 $338,500 $26,300 $312,200
2022 $7,778 $208,200 $25,400 $182,800
2021 $7,774 $208,200 $25,400 $182,800
2020 $7,912 $208,200 $25,400 $182,800
2019 $7,830 $208,200 $25,400 $182,800
2018 $7,689 $208,200 $25,400 $182,800
2017 $7,412 $208,200 $25,400 $182,800
2016 $7,162 $208,200 $25,400 $182,800
2015 $6,889 $208,200 $25,400 $182,800
2014 $6,456 $208,200 $25,400 $182,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 21046434

New Jersey MLS

APN: 14-03599-0000-00023