197-199 Sunset Ave Newark, NJ 07106
Lower Vailsburg NeighborhoodEstimated payment $1,852/month
About This Home
Calling all investors, visionaries, and savvy buyers! This long-time owned gem held for over 35 years is ready for its next chapter. Previously appraised for over $320K, this 2-bedroom, 1-bath home sits on an oversized, lushly landscaped lot with a detached garage, offering the perfect canvas for a creative transformation.The first floor features a closed-in porch, living room, dining room, and eat-in kitchen with an adjacent flex space ideal for a pantry or mudroom with basement access. Upstairs, you'll find two spacious bedrooms and a full bath. A newer water heater and attic space add to the home's existing value.Strictly As-Is sale. Buyer will be responsible for all municipal certificates, including the CO. Inspections are for informational purposes only, limited to structural and environmental hazards.Cash buyers or those using a 203K renovation loan don't miss this opportunity to renovate, rent, or flip. Don't miss your chance to unlock the hidden value.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,977
Lot Details
- 3,759 Sq Ft Lot
- Lot Dimensions are 37.6x100
- Rectangular Lot
Parking
- 2 Car Garage
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Lincoln Elementary And Middle School
- West Side High School
Additional Features
- Mud Room
- Heating System Uses Natural Gas
- Basement
Listing and Financial Details
- Legal Lot and Block 31 / 4075
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,899 | $104,600 | $16,900 | $87,700 |
| 2024 | $3,899 | $104,600 | $16,900 | $87,700 |
| 2022 | $3,908 | $104,600 | $16,900 | $87,700 |
| 2021 | $3,906 | $104,600 | $16,900 | $87,700 |
| 2020 | $3,975 | $104,600 | $16,900 | $87,700 |
| 2019 | $3,934 | $104,600 | $16,900 | $87,700 |
| 2018 | $3,863 | $104,600 | $16,900 | $87,700 |
| 2017 | $3,724 | $104,600 | $16,900 | $87,700 |
| 2016 | $3,598 | $104,600 | $16,900 | $87,700 |
| 2015 | $3,461 | $104,600 | $16,900 | $87,700 |
| 2014 | $2,994 | $104,600 | $16,900 | $87,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Pending | -- | -- | -- |
| 06/19/2025 06/19/25 | For Sale | $285,500 | -10.8% | -- |
| 09/23/2024 09/23/24 | Pending | -- | -- | -- |
| 09/17/2024 09/17/24 | Off Market | $320,000 | -- | -- |
| 08/06/2024 08/06/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | For Sale | $320,000 | +742.1% | -- |
| 10/05/2015 10/05/15 | Sold | $38,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $28,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $322,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Closed | $30,632 | Unknown |
Source: New Jersey MLS
MLS Number: 25021531
APN: 14-04075-0000-00031
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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