NOT LISTED FOR SALE

197 Prospect Ave Unit 1 North Arlington, NJ 07031

Estimated Value: $999,000 - $1,065,000

3 Beds
1.5 Baths
-- Sq Ft
4,051 Sq Ft Lot

Highlights

  • Cooling Available
  • Dogs and Cats Allowed
  • Washer and Dryer
  • Baseboard Heating

About This Home

As of December 2022

NO FEE TO TENANT! Only 1 month security. Large apartment w/finished basement, laundry, garage, use of yard, pool and small pet considered. Lovely and spacious 1st floor apartment features formal living and dining rooms w/beautiful hardwood flooring and an eat-in kitchen with refrigerator, dishwasher and microwave included. Two queen sized bedrooms, full bath with front load washer and dryer included and a roomy den/bedroom complete the first floor layout. The basement is finished with a family or recreational room with a wet bar and half bath. Basement has storage room and access to a built-in garage for one small to midsize vehicle parking and more storage. Yard is fenced in w/a concrete patio and inground pool. No smoking of any kind in home. Tenant responsible for utilities. Baseboard electric heat and wall mounted ductless a/c units. Value add, electric is solar powered! Prime, corner property, convenient location only 2 blocks to Ridge Rd. Only 1 month security deposit

Last Agent to Rent the Property

George Rosko

Coccia Realty Better Homes & Gardens-Lyndhurst Listed on: 11/28/2022

Coccia Realty Better Homes & Gardens-Lyndhurst

Co-Listed By

Michael Amoroso

Coccia Realty Better Homes & Gardens-Lyndhurst

Last Renter's Agent

George Rosko

Coccia Realty Better Homes & Gardens-Lyndhurst Listed on: 11/28/2022

Coccia Realty Better Homes & Gardens-Lyndhurst

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,927

Year Built

  • 1930

Lot Details

  • 4,051

Parking

  • 1 Car Garage

Home Design

Kitchen

  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Cooling Available
  • Baseboard Heating

Community Details

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,927

Year Built

1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: In Unit
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Dishwasher, Ov/Rang/El, Refrigerator, Washer/Dryer
  • Reso Association Amenities: None
  • Reso Pets Allowed: Cats OK, Dogs OK, Pets Conditional, Yes
  • Co List Office Phone: (201) 939-8900
  • MLS Status: Leased - Leased
  • Directions: Between Ridge and Riverview
  • Reso Fireplace Features: None
  • Year Built Details: 1940's
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1930

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Attached

Utilities

  • Cooling: Electric, Zoned
  • Heating: Baseboard, Electric, Zoned, Solar

Lot Info

  • Lot: 00028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2022
Sold by
Thomson Marie
Bought by
Modern Property Group Llc
Current Estimated Value
$1,029,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.95%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 5, 2000
Sold by
Estate Of Alvin G Johnson
Bought by
553 Devon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,578
Interest Rate
8.1%
Mortgage Type
Credit Line Revolving
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
Modern Property Group Llc $825,000 Chicago Title
553 Devon Llc $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Modern Property Group Llc $650,000
Previous Owner Thomson Richard $388,422
Previous Owner Kearny Bank $40,000
Previous Owner Thomson Richard $40,000
Previous Owner Thomson Marie A $444,352
Previous Owner Thomson Richard $525,000
Previous Owner Thomson Richard W $44,578
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Rented $2,600 -7.1% --
11/28/2022 11/28/22 For Rent $2,800 -- --
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 $19,927 $942,300 $222,000 $720,300
2024 $19,233 $864,900 $207,700 $657,200
2023 $15,708 $787,600 $193,500 $594,100
2022 $15,958 $620,700 $176,900 $443,800
2021 $14,166 $546,100 $160,100 $386,000
2020 $14,745 $535,400 $157,700 $377,700
2019 $15,067 $524,800 $155,300 $369,500
2018 $14,981 $514,100 $152,900 $361,200
2017 $14,722 $503,500 $150,600 $352,900
2016 $15,495 $500,000 $145,800 $354,200
2015 $14,815 $500,000 $145,800 $354,200
2014 $14,185 $500,000 $145,800 $354,200
Source: Public Records

Agents Affiliated with this Home

  • George Rosko

    Landlord's Agent in 2022

    George Rosko

    Coccia Realty Better Homes & Gardens-Lyndhurst

    (201) 218-0841

    8 in this area

    28 Total Sales

    Section Image
  • Michael Amoroso

    Landlord's Co-Listing Agent in 2022

    Michael Amoroso

    Coccia Realty Better Homes & Gardens-Lyndhurst

    (201) 927-9956

    2 in this area

    9 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22041945

New Jersey MLS

APN: 39-00026-0000-00028

New Jersey Bergen County North Arlington 07031

197 Prospect Ave Unit 1, North Arlington, NJ

This home is located at 197 Prospect Ave Unit 1, North Arlington, NJ 07031 since 28 November 2022 and is currently priced at $1,033,898. This property was built in 1930. 197 Prospect Ave Unit 1 is a home located in Bergen County with nearby schools including North Arlington Middle School, North Arlington High School, and Queen Of Peace Grammar School.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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