NOT LISTED FOR SALE

196 Malcolm Ave Garfield, NJ 07026

Estimated Value: $928,769 - $1,184,000

6 Beds
5 Baths
3,382 Sq Ft
$314/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $750,000 $222 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $7,176/month

27 Days on Market

About This Home

As of May 2022

HIGHEST & BEST DUE WED FEB 9 BY 12PM!! Come see this great 2 family home in Garfield! All big rooms and a big property. 1st floor has 3BR, 2BA, EIK, LR, DR steps that lead downstairs to another BR, LR, DR & EIK great for a big family. The 2nd floor has 2BR, LR DR & EIK. Central Air one unit for each apt. You can own it and rent out the other apartment! Off street parking for up to 8 cars and that does not include the garage! Great location! Don't miss it! Close to shopping, schools, house of Worship.

Last Agent to Sell the Property

Francine Pascarella

EXP Realty, LLC Listed on: 01/24/2022

EXP Realty, LLC

Last Buyer's Agent

John Jace

United Real Estate

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,920

Lot Details

  • 7,514

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Additional Features

  • Laundry in unit
  • 7,514 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00082 / 00097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,920

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: Harrison to Elizabeth to Malcom
  • Architectural Style: 2 Family
  • Year Built Details: 1990's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Remarks: 1BR/1BA LR,. DR, EIK

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.0

Utilities

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

Lot Info

  • Lot Size Sq Ft: 7514.0

Tax Info

  • Tax Annual Amount: 17920.0
  • Tax Block: 00097
  • Tax Lot: 00082

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Apr 27, 2022
Sold by
Pang Chang C
Bought by
Mahmoud Faris
Seller's Agent
Francine Pascarella
EXP Realty, LLC
Buyer's Agent
John Jace
United Real Estate
List Price
$739,900
Sold Price
$750,000
Premium/Discount to List
$10,100
1.37%
Current Estimated Value
$1,061,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,192
Avg. Annual Appreciation
9.78%
Original Mortgage
$637,500
Outstanding Balance
$602,638
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$458,554

Purchase Details

Closed on
Apr 16, 2002
Sold by
Sedita John
Bought by
Pang Chang C and Pang Gail J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.99%
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
Mahmoud Faris $750,000 Stewart Title Guaranty Company
Pang Chang C $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahmoud Faris $637,500
Previous Owner Pang Chang C $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2022 05/03/22 Sold $750,000 +1.4% $222 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $739,900 -- $219 / 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
2025 $20,189 $605,000 $137,600 $467,400
2024 $19,850 $605,000 $137,600 $467,400
2023 $18,870 $605,000 $137,600 $467,400
2022 $18,870 $605,000 $137,600 $467,400
2021 $18,319 $605,000 $137,600 $467,400
2020 $17,920 $605,000 $137,600 $467,400
2019 $17,581 $605,000 $137,600 $467,400
2018 $17,188 $605,000 $137,600 $467,400
2017 $16,886 $605,000 $137,600 $467,400
2016 $16,383 $605,000 $137,600 $467,400
2015 $15,978 $605,000 $137,600 $467,400
2014 $15,555 $605,000 $137,600 $467,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22002285

New Jersey MLS

APN: 21-00097-0000-00082