$450,000
SOLD DEC 12, 2022
3 Beds
3 Baths
-- Sq Ft
2,500 Sq Ft Lot

Recently Sold

86 Days on Market

About This Home

As of March 2023

Legal 3 family dwelling in Ironbound. Each apartment has 3 rooms- LR-KIT- 1 BR-Bath. House needs total renovation. House being sold in "as is" condition. This REO property needs some bright ideas and smart labor to transform it into a money-making machine. The rents in Ironbound are healthy so turn this into the investment you've been waiting for!

Last Agent to Sell the Property

Michael Quinn

Howard Hanna Rand Realty, Livingston Listed on: 08/31/2022

Howard Hanna Rand Realty, Livingston

Last Buyer's Agent

Thomas Borowski

Howard Hanna Rand Realty, Linden

Howard Hanna Rand Realty, Linden

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,095

Lot Details

  • 2,500 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00031 / 01128

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,095

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 740-1881
  • MLS Status: Sold - Sold
  • Directions: rt 21 to van buren to malvern
  • 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: 3

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 8095.0
  • Tax Block: 01128
  • Tax Lot: 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
Feb 28, 2023
Sold by
196 Malvern St Jl Llc
Bought by
New Mv Apts Llc
Seller's Agent
Thomas Borowski
HOWARD HANNA RAND REALTY
List Price
$520,000
Sold Price
$485,000
Premium/Discount to List
-$35,000
-6.73%
Views
203
Current Estimated Value
$677,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,266
Avg. Annual Appreciation
15.10%
Original Mortgage
$700,000
Outstanding Balance
$678,812
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$10,485

Purchase Details

Closed on
Sep 26, 2022
Sold by
Pciii Reo Llc
Bought by
196 Malvern St Jl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,450
Interest Rate
7.08%
Mortgage Type
Construction
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 $485,000 --
Deed $450,000 Surety Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $492,450 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2023 03/07/23 Sold $485,000 -4.9% --
02/01/2023 02/01/23 Pending -- -- --
01/05/2023 01/05/23 Price Changed $510,000 -1.9% --
12/13/2022 12/13/22 For Sale $520,000 +15.6% --
12/12/2022 12/12/22 Sold $450,000 0.0% --
11/25/2022 11/25/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $450,000 -- --
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 $8,082 $216,800 $75,000 $141,800
2024 $8,082 $216,800 $75,000 $141,800
2022 $8,100 $216,800 $75,000 $141,800
2021 $8,095 $216,800 $75,000 $141,800
2020 $8,238 $216,800 $75,000 $141,800
2019 $8,154 $216,800 $75,000 $141,800
2018 $8,006 $216,800 $75,000 $141,800
2017 $7,718 $216,800 $75,000 $141,800
2016 $7,458 $216,800 $75,000 $141,800
2015 $7,174 $216,800 $75,000 $141,800
2014 $6,723 $216,800 $75,000 $141,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22032388

New Jersey MLS

APN: 14-01128-0000-00031