NOT LISTED FOR SALE

197 Prospect Ave North Arlington, NJ 07031

Estimated Value: $969,000 - $1,158,000

5 Beds
3.5 Baths
3,976 Sq Ft
$263/Sq Ft Est. Value

Sale Details

Date Sold: October 14, 2022

Last sale price $825,000 $207 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,236 / mo

15 Days on Market

About This Home

As of October 2022

Large, well maintained, legal 3 family, 1st floor (owners unit) offers living room, formal dining room, modern eat-in kitchen, 2 bedrooms (master is king size w/double closet), den, large bath, laundry. 2nd fl front apt features open concept, sun filled living room, dining area (fireplace is decorative), working kitchen, queen size BR & tile bath (rent currently $1300+util). 2nd fl rear apt features a large 2 BR apt w/dining area, Master BR King size w/walk-in closet, modern kitchen & tile bath (current rent is $1500+util). Basement is finished & heated, has wet bar & half bath, storage room, utility room. Heating is electric and owner's apt has solar energy (own the panels). There are also split AC systems in all apartments. Oversized garage is attached under the house & has separate workshop & entrance into the basement. Rear property is fenced with patio & in-ground heated pool 4ft deep. Excellent residential location & a great property!

Last Agent to Sell the Property

Kathleen Savino

Coccia Realty Better Homes & Gardens-Lyndhurst Listed on: 07/27/2022

Coccia Realty Better Homes & Gardens-Lyndhurst

Co-Listed By

Sharon Conhaus

Coccia Realty Better Homes & Gardens-Lyndhurst

Last Buyer's Agent

George Rosko

Coccia Realty Better Homes & Gardens-Lyndhurst

Coccia Realty Better Homes & Gardens-Lyndhurst

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,551

Lot Details

  • 4,069 Sq Ft Lot
  • Lot Dimensions are 37 x 110

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Legal Lot and Block 00028 / 00026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,551

Lot Details

4,069 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups, In Unit
  • Co List Office Phone: 201-939-8900
  • MLS Status: Sold - Sold
  • Directions: Corner of Belmont
  • Architectural Style: 3 Family
  • Year Built Details: 1940's,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Basement Remarks: Finished fam room w.wet bar, fireplace, 1/2 bath, lots of storage

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: See Remarks, Electricity Connected, Sep Heat

Lot Info

  • Lot Dimensions: 37 x 110
  • Lot Size Sq Ft: 4069.0

Tax Info

  • Tax Annual Amount: 15551.0
  • Tax Block: 00026
  • Tax Lot: 00028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Oct 12, 2022
Sold by
Thomson Marie
Bought by
Modern Property Group Llc
Seller's Agent
Kathleen Savino
Coccia Realty Better Homes & Gardens-Lyndhurst
Buyer's Agent
George Rosko
Coccia Realty Better Homes & Gardens-Lyndhurst
List Price
$785,000
Sold Price
$825,000
Premium/Discount to List
$40,000
5.1%
Current Estimated Value
$1,044,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,293
Avg. Annual Appreciation
6.97%
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
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
Modern Property Group Llc $825,000 Chicago Title
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $825,000 +5.1% $207 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $785,000 -- $197 / Sq Ft
Source: New Jersey MLS

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

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Map

Source: New Jersey MLS

MLS Number: 22028008

New Jersey MLS

APN: 39-00026-0000-00028

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