$525,000
SOLD FEB 9, 2024
-- Bed
-- Bath
2,627 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

5% Above List Price

76 Days on Market

Highlights

  • Private Yard
  • Patio
  • Fenced
  • Porch
  • Utility Room
  • Level Lot

About This Home

As of February 2024

Look no further for Your Next Great Investment Opportunity! Multifamily home in Newark boasts endless possibilities. Live in 1 unit while renting out the others, or rent out all 3 for maximum gain! Units 1 hold a Living Rm, Dining Rm, Eat in Kitchen, 2 Bedrooms and 1 Full Bath. Units 2 & 3 offers a Living Rm, Dining Rm, Eat in Kitchen, 2 Bedrooms, Bonus Rm, and 1 Full Bath. Relax outdoors on the open front porch or fenced in backyard with patio. Exclusive 1 Car Driveway. All this + situated in a prime commuter location, you're close to public transit, diverse dining, shopping, parks, schools, & so much more! Don't wait, come and see for yourself!

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE Listed on: 11/25/2023

RE/MAX 1st ADVANTAGE

Co-Listed By

Nick Homcy

RE/MAX 1st ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,902

Year Built

  • Built in 1915

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 1000.00 x 0.00
  • Fenced
  • Level Lot
  • Private Yard

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,627 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Basement Storage

Outdoor Features

  • Patio
  • Porch

Utilities

  • No Cooling
  • Radiator
  • Water Heater

Community Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water), unit 3 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,902

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0574
  • Lot Size: 1000.00 x 0.00
  • Co List Office Mls Id: RFIR01
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1915
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Electric,Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(Water)
  • Has Basement: Full, Storage Space, Utility Room, Laundry Facilities
  • Interior Amenities: Unit 1(Dining Room,2 Bedrooms,Kitchen,Living Room), Unit 2(Dining Room,2 Bedrooms,Kitchen,Living Room,See Remarks), Unit 3(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room,See Remarks)
  • Living Area: 2627
  • Stories: 3

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Level
  • Exterior Features: Patio, Curbs, Porch(es) - Open, Sidewalk, Fencing/Wall, Yard, Porch
  • Patio And Porch Features: Patio, Porch(es) - Open, Porch
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 1-2 Car Parking, On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 2500

Rental Info

  • Lease Term: Unit 1(Month-Month)

Tax Info

  • Tax Annual Amount: 5902
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2025
Sold by
Grayson Stanley R
Bought by
Libertelli Joseph
Current Estimated Value
$663,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Outstanding Balance
$710,092
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$60,135

Purchase Details

Listed on
Nov 25, 2023
Closed on
Feb 9, 2024
Sold by
Chamorrinha Francisco
Bought by
Grayson Stanley R
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$499,900
Sold Price
$525,000
Premium/Discount to List
$25,100
5.02%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.11%
Original Mortgage
$508,299
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 22, 2016
Closed on
Oct 25, 2016
Sold by
Keystone Investment Group Llc
Bought by
Chamorrinha Francisco
List Price
$239,000
Sold Price
$217,000
Premium/Discount to List
-$22,000
-9.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.90%
Original Mortgage
$162,750
Interest Rate
3.54%

Purchase Details

Listed on
Mar 21, 2012
Closed on
Mar 20, 2012
Sold by
Morales Manuel and Morales Nieves
Bought by
Keystone Investment Group Llc
Seller's Agent
MARITZA GUTIERREZ
SUPREME REALTY, INC.
Buyer's Agent
MARITZA GUTIERREZ
SUPREME REALTY, INC.
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%
Original Mortgage
$74,750
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2006
Sold by
Cruz Nicolas Perez
Bought by
Morales Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 27, 1990
Sold by
Moye William and Moye Carol
Bought by
Cruz Nicholas P and Cruz Roman,Vivian
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 $750,000 Nu World Title
Deed $535,051 Prestige Title
Deed $217,000 Passaic Valley Title Service
Bargain Sale Deed $115,000 Multiple
Deed $370,000 --
Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $712,500 New Conventional
Previous Owner $508,299 New Conventional
Previous Owner $162,750 No Value Available
Previous Owner $13,000 Credit Line Revolving
Previous Owner $74,750 Purchase Money Mortgage
Previous Owner $296,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $525,000 +5.0% $200 / Sq Ft
11/25/2023 11/25/23 For Sale $499,900 +130.4% $190 / Sq Ft
11/01/2016 11/01/16 Sold $217,000 -9.2% --
10/20/2016 10/20/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $239,000 +107.8% --
03/21/2012 03/21/12 Sold $115,000 -- --
Source: All 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 $5,890 $251,100 $27,500 $223,600
2024 $5,890 $158,000 $27,500 $130,500
2022 $5,903 $158,000 $27,500 $130,500
2021 $5,900 $158,000 $27,500 $130,500
2020 $6,004 $158,000 $27,500 $130,500
2019 $5,942 $158,000 $27,500 $130,500
2018 $5,835 $158,000 $27,500 $130,500
2017 $5,625 $158,000 $27,500 $130,500
2016 $5,435 $158,000 $27,500 $130,500
2015 $5,228 $158,000 $27,500 $130,500
2014 $4,900 $158,000 $27,500 $130,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2405717R

All Jersey MLS

APN: 14-01938-0000-00060