NOT LISTED FOR SALE

20 Ferdinand St Unit 22 Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $430,000 - $599,284

8 Beds
4 Baths
-- Sq Ft
6,665 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $285,000

Est. 83% increase in value since last sale

Current estimated payment $3,537/month

46 Days on Market

Highlights

  • Views to the West
  • Detached Garage
  • Laundry Facilities
  • Property is near a park
  • Storage
  • Rectangular Lot

About This Home

As of May 2021

Diamond in the rough in the city of Newark! This home is located in the Vailsburg section of Newark walking distance to Vailsburg Park. Quick and easy access to GSP and all major highways. Right off Grove St, Central Ave and South Orange Ave with easy access to bus transportation. This area is a developer's dream and this home is ready for a buyer to bring it back to its original beauty. Legal 3 units, 9 bedrooms, 4 bathrooms, lots of character and located in a double lot with 3 spacious car garages and huge backyard with plenty of space. House needs some repairs, needs new roof, garage needs repairs, some cosmetics throughout the house, underground oil tank DECOMMISSIONED, being sold As-IS, buyer responsible for the Certificate of Occupancy and Certificate of Code Compliance. SELLER WILL NOT MAKE REPAIRS , UNIT 3 IS VACANT, THE REST OF THE HOUSE WILL NOT BE DELIVERED VACANT. SELLER WILL NOT REMOVE TENANTS. SELLER PREFERS CASH AND FAST CLOSING! PUT YOUR NEST OFFER!

Last Agent to Sell the Property

Rosa Gonzalez-Kennedy

Real Listed on: 03/07/2021

Real

Last Buyer's Agent

Rosa Gonzalez-Kennedy

Real Listed on: 03/07/2021

Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,441

Year Built

  • 1925

Lot Details

  • 6,665 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Built between 1900 - 1939
  • Vinyl Construction Material

Interior Spaces

  • Storage
  • Washer and Dryer Hookup
  • Views to the West

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Separate Water Meter

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 071401789 00047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,441

Year Built

1925

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Views/Exposure: West
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 21
  • Fireplace: None
  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Bin/Storage, Fulluse, Prt Finished
  • Basement: partillay finished with full bathroom and extra rooms
  • Laundry: Basement, Hook Ups, Onsite

Exterior Features

  • Waterfront: None
  • Exterior Finish: Aluminum, Other, Vinyl

Garage/Parking

  • Garage: Detached

Utilities

  • Heating: Electric, Gas, Radiators, Steam
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat, Sep Water
  • Cooling: None

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00047
  • Lot Dimensions: 2774
  • Estimated Lot Sq Ft: 6665
  • Lot Description: Regular

Tax Info

  • Tax: 6441
  • Assessor Parcel Number: 071401789 00047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2021
Closed on
May 27, 2021
Sold by
Guardado Luz De Maria and Salinas Miguel
Bought by
20 22 Ferdinand Llc
Seller's Agent
Rosa Gonzalez-Kennedy
Real
Buyer's Agent
Rosa Gonzalez-Kennedy
Real
List Price
$319,500
Sold Price
$285,000
Premium/Discount to List
-$34,500
-10.8%
Total Days on Market
46
Current Estimated Value
$522,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,321
Avg. Annual Appreciation
16.26%
Original Mortgage
$288,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 1979
Bought by
Salinas Miguel
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 Buyer Sale Price Title Company
20 22 Ferdinand Llc $285,000 Dekel Abstract Llc
Salinas Miguel $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 20 22 Ferdinand Llc $288,000
Previous Owner Salinas Miguel E $255,825
Previous Owner Salinas Miguel E $32,500
Previous Owner Salinas Miguel E $199,232
Previous Owner Salinas Miguel $200,000
Previous Owner Salinas Miguel E $41,000
Previous Owner Salinas Miguel $33,723
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $285,000 -10.8% --
04/22/2021 04/22/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $319,500 -- --
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
2024 $7,258 $194,700 $28,000 $166,700
2022 $7,274 $194,700 $28,000 $166,700
2021 $6,329 $169,500 $28,000 $141,500
2020 $6,441 $169,500 $28,000 $141,500
2019 $6,375 $169,500 $28,000 $141,500
2018 $6,260 $169,500 $28,000 $141,500
2017 $6,034 $169,500 $28,000 $141,500
2016 $5,831 $169,500 $28,000 $141,500
2015 $5,609 $169,500 $28,000 $141,500
2014 $5,256 $169,500 $28,000 $141,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 21007875

New Jersey MLS

APN: 14-01789-0000-00047