NOT LISTED FOR SALE

211 W 3rd St Plainfield, NJ 07060

Plainfield Area

Estimated Value: $931,000

Studio
-- Baths
5,000 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2020

Last sale price $450,000 $90 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,042 / mo

98 Days on Market

About This Home

As of August 2020

Income producing property. Cash cow! 7 apartments that are all undervalued and can produce substantially more rent. All tenants pay their own utilities.

Total monthly rent is $5,425 per month or $65,100 per year.

There are four 2/1 and 3 1/1.

Unit 1 leases for: $1,200 per month

Unit 2 leases for: $550 per month

Unit 3 leases for: $900 per month

Unit 4 leases for: $900 per month

Unit 5 leases for: $540 per month

Unit 6 leases for $785 per month

Unit 7 leases for $550 per month

All 2/1 should be leasing for $1,200 per month-$4,800 per month

All 1/1 should be leasing for $950 per month-$2,850 per month

Potential gross income is $7,650 per month or $91,800 per year.

Property has the potential to be a cash cow!

Last Agent to Sell the Property

Marc Sorrentino

VRI Homes Brokerage Phone: 800-531-2885 License #1648911 Listed on: 06/27/2020

Co-Listed By

Peter DiCataldo

RE/MAX Central Brokerage Phone: 800-531-2885 License #1860594

Last Buyer's Agent

Marc Sorrentino

VRI Homes Brokerage Phone: 800-531-2885 License #1648911 Listed on: 06/27/2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,451

Year Built

  • Built in 1925

Lot Details

  • 7,318

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • 2-Story Property
  • Lot Dimensions are 76.88 x 95.2
  • Basement

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 12-00102-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,451

Year Built

Built in 1925

Lot Details

7,318 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Six Family
  • Attribution Contact: 800-531-2885
  • Co List Office Mls Id: 138
  • Co List Office Phone: 732-264-9593
  • Subdivision Name: None
  • Year Built: 1925
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 76.88 x 95.2
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 76.88 x 95.2
  • Parcel #: 12-00102-0000-00001

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10451.0
  • Tax Other Annual Assessment Amount: 125000.0

Multi Family

  • Number Of Units Total: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Aug 6, 2020
Sold by
West 3Rd Waterview Holdings 18 Llc
Bought by
Seller's Agent
Marc Sorrentino
VRI Homes
Buyer's Agent
Marc Sorrentino
VRI Homes
List Price
$560,000
Sold Price
$450,000
Premium/Discount to List
-$110,000
-19.64%
Current Estimated Value
$931,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,000
Avg. Annual Appreciation
12.75%
Original Mortgage
$473,087
Outstanding Balance
$410,100
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$520,900

Purchase Details

Closed on
May 5, 2017
Sold by
Waterview Holdings 18 Llc
Bought by
West 3Rd Waterview Holdings 18 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2015
Sold by
Lime Holdings Llc
Bought by
Waterview Holdings 18 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
12%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2015
Sold by
Tlr V Llc
Bought by
Lime Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
12%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Plainfield, NJ

  • Shlomo Wilner Real Estate Agent - Crossroads Realty, Sapphire Group

    Shlomo Wilner

    Crossroads Realty, Sapphire Group

    (848) 285-5489

    52 Total Sales

    1 in Plainfield

    $329,000 Price

    Shlomo Wilner
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  • Prachi Dharmadhikari Real Estate Agent - REWARDS REALTY LLC

    Prachi Dharmadhikari

    REWARDS REALTY LLC

    (973) 928-7711

    43 Total Sales

    1 in Plainfield

    $460,000 Price

    Prachi Dharmadhikari
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  • Manuel Dominguez Real Estate Agent - RE/MAX Synergy

    Manuel Dominguez

    RE/MAX Synergy

    (848) 257-9747

    22 Total Sales

    1 in Plainfield

    $900,000 Price

    Manuel Dominguez
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  • Rachele JeanLouis Real Estate Agent - HomeQuest Realty Group, LLC

    Rachele JeanLouis

    HomeQuest Realty Group, LLC

    (908) 332-9426

    66 Total Sales

    1 in Plainfield

    $315,000 Price

    Rachele JeanLouis
     Section Image
  • Nicholas Boulton Real Estate Agent - EXP REALTY, LLC

    Nicholas Boulton

    Responds Quickly

    EXP REALTY, LLC

    (732) 517-7874

    66 Total Sales

    2 in Plainfield

    $570K - $600K Price Range

    Nicholas Boulton
     Section Image
  • Edward Nugent Real Estate Agent - Red Door Real Estate LLC

    Edward Nugent

    Red Door Real Estate LLC

    (848) 279-9236

    137 Total Sales

    1 in Plainfield

    $430,000 Price

    Edward Nugent
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Stewart Title Guaranty Co
West 3Rd Waterview Holdings 18 Llc -- None Available
Waterview Holdings 18 Llc $235,000 Agent For The Security Title
Lime Holdings Llc $135,000 Abraxas Abstract Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $473,087
Previous Owner West 3Rd Waterview Holdings 18 Llc $3,200,000
Previous Owner Waterview Holdings 18 Llc $140,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/05/2020 08/05/20 Sold $450,000 -19.6% $90 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $560,000 0.0% $112 / Sq Ft
04/02/2020 04/02/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $560,000 -- $112 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,158 $125,000 $50,400 $74,600
2025 $11,158 $125,000 $50,400 $74,600
2024 $10,808 $125,000 $50,400 $74,600
2023 $10,808 $125,000 $50,400 $74,600
2022 $10,574 $125,000 $50,400 $74,600
2021 $10,481 $125,000 $50,400 $74,600
2020 $10,451 $125,000 $50,400 $74,600
2019 $10,451 $125,000 $50,400 $74,600
2018 $13,016 $159,000 $50,400 $108,600
2017 $13,496 $169,000 $50,400 $118,600
2016 $13,221 $169,000 $50,400 $118,600
2015 $12,830 $169,000 $50,400 $118,600
2014 -- $169,000 $50,400 $118,600
Source: Public Records

Agents Affiliated with this Home

  • Marc Sorrentino Real Estate Agent - VRI Homes

    Seller's Agent in 2020

    Marc Sorrentino

    VRI Homes

    (732) 816-9178

    19 Total Sales

    Marc Sorrentino
    Section Image
  • Peter DiCataldo Real Estate Agent - RE/MAX

    Seller Co-Listing Agent in 2020

    Peter DiCataldo

    RE/MAX

    (732) 939-2906

    6 Total Sales

    Peter DiCataldo
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22011184

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 12-00102-0000-00001

New Jersey Union County Plainfield 07060

211 W 3rd St, Plainfield, NJ

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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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