NOT LISTED FOR SALE

224 Osborne Terrace Unit 2 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $624,000 - $746,000

3 Beds
1 Bath
2,993 Sq Ft
$223/Sq Ft Est. Value

Highlights

  • Colonial Architecture
  • Crown Molding
  • Hot Water Heating System
  • Wood Flooring
  • Multiple cooling system units
  • Heating System Uses Steam

About This Home

As of June 2024

Newly updated and improved, this second-floor residence offers three bedrooms and one bathroom. The bathroom is newly constructed, and the entire unit features fresh paint, refinished hardwood floors, and new carpeting. The kitchen includes a brand-new refrigerator, and there's the added convenience of in-unit laundry with new appliances. Commuting to NYC is effortless with nearby bus and train options. Outdoor enthusiasts will appreciate the proximity to Weequahic Park, which offers jogging paths and a golf course. The location is also minutes away from Newark Liberty International Airport, Garden State Parkway, and Route 78. Section 8 accepted. Come visit us today! Situated near excellent primary and middle schools, Rutgers, NJIT, Penn Station, and shopping, this fully renovated opportunity boasts a spacious floor plan, high ceilings, great natural lighting, crown molding, new flooring, and new bedroom carpeting. Don't miss out on this fantastic property!

Last Agent to Rent the Property

Mary-Jo Hart

EXIT Realty East Coast Shirvanian License #1750857 Listed on: 03/22/2024

EXIT Realty East Coast Shirvanian

Last Renter's Agent

Mary-Jo Hart

EXIT Realty East Coast Shirvanian License #1750857 Listed on: 03/22/2024

EXIT Realty East Coast Shirvanian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,915

Year Built

  • Built in 1922

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Slab Foundation

Interior Spaces

  • 2,993 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Heating System Uses Steam
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Property Available on 11/14/23
  • Assessor Parcel Number 14-03601-0000-00033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,915

Year Built

Built in 1922

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2023-11-14

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Two Family
  • Inclusions: Stove Hood, Washer, Refrigerator, Dryer, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Reso Interior Features: Dec Molding
  • Year Built: 1922
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Assigned Parking: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.1
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Dec Molding: Yes
  • Included Stove Hood: Yes
  • Garage None4: Yes
  • Dining Room Dec Molding4: Yes
  • Living Room Dec Molding3: Yes
  • Contract Info Available Date: 2023-11-14
  • Maintenance Fees Security Deposit3: 1.5
  • Lease Requirements Security Deposit4: Yes
  • Cooling Multi Units: Yes
  • Living Room Floor - Wood Floor2: Yes
  • Dining Room Floor - Wood Floor: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Acres: 0.1
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Steam, Hot Water
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes
  • Heating:Steam: Yes

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 14-03601-0000-00033

Multi Family

  • Number Of Units Total: 3

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Williams Richard
Bought by
Darlington Bobby-Gay
Current Estimated Value
$667,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,672
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2007
Sold by
Jackson Mary E
Bought by
Williams Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,240
Interest Rate
6.18%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Darlington Bobby-Gay $515,000 New Title Company Name
Williams Richard $205,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Darlington Bobby-Gay $505,672
Previous Owner Williams Richard $307,240
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2024 06/03/24 Rented $28,800 +1100.0% --
04/06/2024 04/06/24 Under Contract -- -- --
03/22/2024 03/22/24 For Rent $2,400 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $10,915 $299,500 $29,800 $269,700
2024 $10,915 $299,500 $29,800 $269,700
2022 $7,584 $203,000 $29,800 $173,200
2021 $7,330 $203,000 $29,800 $173,200
2020 $7,464 $203,000 $29,800 $173,200
2019 $7,385 $203,000 $29,800 $173,200
2018 $7,247 $203,000 $29,800 $173,200
2017 $6,977 $203,000 $29,800 $173,200
2016 $6,733 $203,000 $29,800 $173,200
2015 $6,467 $203,000 $29,800 $173,200
2014 $6,295 $203,000 $29,800 $173,200
Source: Public Records

Agents Affiliated with this Home

  • Mary-Jo Hart

    Landlord's Agent in 2024

    Mary-Jo Hart

    EXIT Realty East Coast Shirvanian

    (732) 241-6691

    162 Total Sales

    Mary-Jo Hart
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22407866

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-03601-0000-00033

New Jersey Essex County Newark 07112 Weequahic

224 Osborne Terrace Unit 2, Newark, 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.

Nearby Homes