NOT LISTED FOR SALE

220 Prospect St Nutley, NJ 07110

Estimated Value: $727,855 - $841,000

4 Beds
2 Baths
-- Sq Ft
5,104 Sq Ft Lot

Last Sold June 08, 2020

Last sale price $475,000

Est. 60% increase in value since last sale

Current estimated payment $5,481/month

8 Days on Market

Highlights

  • Property is near a park
  • Central Air
  • Rectangular Lot
  • Nutley High School Rated A-

About This Home

As of June 2020

SPACIOUS, TRUE TWO FAMILY WITH CENTRAL AIR! Great location with HUGE rent potential! This incredible two fam features TWO NEW FURNACES, New HW Heaters, Newer Central Air, Newer Windows & Roof. A little TLC to cosmetics and this two family will be ready for any investor or owner occupant. Hardwood floors under the laminate can easily be refinished. Stairwell with separate entrances to basement and LARGE unfinished attic with gas lines for washer/dryer on both for easy laundry access. Tons of storage and closets, oversized pantries, formal dining and living rooms, and large bedrooms. This stunning property also features double car width driveway for parking and a storage shed. Corner lot just walking distance from center of town and local deli's, shops, restaurants, and transportation.

Last Agent to Sell the Property

Jeremy Ciotola

Compass New Jersey, LLC-Montclair Listed on: 03/12/2020

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,455

Year Built

  • 1928

Lot Details

  • 5,104 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House

Location

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 071607603 00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,455

Year Built

1928

Lot Details

0

Listing Details

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

Interior Features

  • Number of Rooms: 10
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Full
  • Basement: Utility Room, Workshop
  • Laundry: Basement, Hook Ups, In Unit
  • Items Not Included: Upstairs Fridge, Attic freezer, plastic shed
  • Items Included: All Appliances

Exterior Features

  • Waterfront: None
  • Exterior Finish: Aluminum

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Central Air

Lot Info

  • County Name: ESSEX
  • Locale: 200
  • Lot: 00001
  • Estimated Lot Sq Ft: 5104
  • Lot Description: Regular

Tax Info

  • Tax: 10455
  • Assessor Parcel Number: 071607603 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jun 8, 2020
Sold by
Fata Gerald W and Fata Gerald J
Bought by
Carranza Aristo A
Seller's Agent
Jeremy Ciotola
Compass New Jersey, LLC-Montclair
Buyer's Agent
Outside Agent
Outside Office
List Price
$459,900
Sold Price
$475,000
Premium/Discount to List
$15,100
3.28%
Total Days on Market
8
Current Estimated Value
$761,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,964
Avg. Annual Appreciation
9.95%
Original Mortgage
$378,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2007
Sold by
Fata John
Bought by
Fata Gerald
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
Carranza Aristo A $475,000 Noble Title Agency Inc
Fata Gerald $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carranza Aristo A $378,000
Previous Owner Fata Gerald $564,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2020 06/08/20 Sold $475,000 +3.3% --
03/20/2020 03/20/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $459,900 -- --
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 $14,588 $566,300 $180,800 $385,500
2022 $15,669 $405,500 $90,700 $314,800
2021 $11,140 $289,800 $90,700 $199,100
2020 $10,670 $289,800 $90,700 $199,100
2019 $10,456 $289,800 $90,700 $199,100
2018 $10,175 $289,800 $90,700 $199,100
2017 $10,065 $289,800 $90,700 $199,100
2016 $9,766 $289,800 $90,700 $199,100
2015 $9,590 $289,200 $90,700 $198,500
2014 $9,468 $289,200 $90,700 $198,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20011040

New Jersey MLS

APN: 16-07603-0000-00001