$600,000
SOLD APR 15, 2021
6 Beds
3.5 Baths
-- Sq Ft
1,259 Sq Ft Lot

Recently Sold

4% Above List Price

56 Days on Market

About This Home

As of April 2021

Collect rent from this beautiful Brick Building, blocks away from the Historic Forest Hill Section of Newark. Great mixed-use Investment property located near everything! Updated with 3- 2 bedroom residential units and 1 commercial space. Near light-rail train that connects to Penn Station, bus stops, major highways, restaurants, stores, banks, etc...

Last Agent to Sell the Property

Felix Rosario

RE/MAX Professionals 1 Listed on: 12/09/2020

RE/MAX Professionals 1

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,231

Lot Details

  • 1,259 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built in the 1940s
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 071400555 00031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,231

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 4 Family
  • Lifestyle: Close/Trans
  • Views/Exposure: None
  • Year Built: 1940's, 2000's, Renovated
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 14
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Partial Bathroom: 1
  • Basement: Unfinished
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick

Garage/Parking

  • Garage: Park Space

Utilities

  • Heating: Gas, Hot Water
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: O/See Rmks
  • Cooling: Win/AC

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00031
  • Estimated Lot Sq Ft: 1259
  • Lot Description: Regular

Tax Info

  • Tax: 13231
  • Assessor Parcel Number: 071400555 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2020
Closed on
Apr 14, 2021
Sold by
Upper Room Realties Llc
Bought by
Wkw Property Investment And Mgmt Llc
Seller's Agent
Felix Rosario
RE/MAX Professionals 1
Buyer's Agent
Outside Agent
Outside Office
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%
Total Days on Market
56
Current Estimated Value
$781,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,357
Avg. Annual Appreciation
6.57%
Original Mortgage
$360,000
Outstanding Balance
$76,526
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$704,831

Purchase Details

Listed on
Oct 27, 2015
Closed on
Nov 13, 2015
Sold by
Fernandez Manuel and Posse Anna M
Bought by
Upper Room Realties Llc
Seller's Agent
ANTHONY SILVESTRI
COLDWELL BANKER REALTY
Buyer's Agent
Nejra Utrera
REALTY SIXTEEN
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$262,000
Interest Rate
3.98%

Purchase Details

Closed on
Dec 18, 2000
Sold by
Varma Nangir Y
Bought by
Fernandez Manuel and Posse Anna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.71%
Mortgage Type
Commercial
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 $600,000 Guardian Title Services Llc
Deed $375,000 --
Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 Commercial
Previous Owner $262,000 No Value Available
Previous Owner -- No Value Available
Previous Owner $65,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $600,000 +4.3% --
02/03/2021 02/03/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $575,000 0.0% --
01/12/2021 01/12/21 Pending -- -- --
12/09/2020 12/09/20 For Sale $575,000 +53.3% --
10/27/2015 10/27/15 Sold $375,000 -- --
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 $16,549 $443,900 $32,400 $411,500
2022 $16,584 $443,900 $32,400 $411,500
2021 $11,348 $303,900 $32,400 $271,500
2020 $13,368 $351,800 $32,400 $319,400
2019 $13,231 $351,800 $32,400 $319,400
2018 $12,992 $351,800 $32,400 $319,400
2017 $12,524 $351,800 $32,400 $319,400
2016 $12,102 $351,800 $32,400 $319,400
2015 $11,641 $351,800 $32,400 $319,400
2014 $10,909 $351,800 $32,400 $319,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20050956

New Jersey MLS

APN: 14-00555-0000-00031