NOT LISTED FOR SALE

229 Sanford Ave Lyndhurst, NJ 07071

Estimated Value: $669,797 - $806,000

4 Beds
3 Baths
1,904 Sq Ft
$384/Sq Ft Est. Value

Last Sold March 03, 2020

Last sale price $545,000 $286 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,012/month

71 Days on Market

Highlights

  • Property is near a park
  • Laundry Facilities
  • Rectangular Lot

About This Home

As of March 2020

Two Family Home for Sale. 1st floor features Living room, Eat in Kitchen, 2 bedrooms, full bath and sun room. 2nd floor features Living room, Eat in Kitchen, 2 bedrooms and full bath. Ground floor with finished rec. room and full bath. Long driveway. 2 car garage. Close to shopping, schools and transportation.1st floor with ground level: $2,100 per month . 2nd floor : $1,500 per month.Garage: $100.00 per month. Total of approx $44,400 gross income. Total yearly expenses at approx. $13,317 per year. Approx net income of $31,083. 5.40 cap rate

Last Agent to Sell the Property

Billy Pena

Keller Williams Park Views Listed on: 11/26/2019

Keller Williams Park Views

Last Buyer's Agent

Young Lee

Coldwell Banker, Wyckoff/Franklin Lakes

Coldwell Banker, Wyckoff/Franklin Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,577

Lot Details

  • 5,750 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built in the 1950s
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Location

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

Utilities

  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Finished Basement

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 023200178 00041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,577

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1950's
  • Miscellaneous: Hdwd As In
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 9
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Finished
  • Basement: Rec Room , 1 full Bath and Utility room
  • Laundry: Basement

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick

Garage/Parking

  • Garage: 2 Car

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: None

Lot Info

  • County Name: BERGEN
  • Locale: 300
  • Lot: 00041
  • Lot Dimensions: 55x125
  • Estimated Lot Sq Ft: 5750
  • Lot Description: Regular

Tax Info

  • Tax: 11577
  • Assessor Parcel Number: 023200178 00041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Feb 29, 2020
Sold by
Queli Lawrence and Queli Adele
Bought by
Thompson Eric
Seller's Agent
Billy Pena
Keller Williams Park Views
Buyer's Agent
Young Lee
Coldwell Banker, Wyckoff/Franklin Lakes
List Price
$575,000
Sold Price
$545,000
Premium/Discount to List
-$30,000
-5.22%
Current Estimated Value
$731,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,699
Avg. Annual Appreciation
5.70%
Original Mortgage
$487,775
Outstanding Balance
$435,839
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$295,860

Purchase Details

Listed on
May 11, 2017
Closed on
Jul 22, 2017
Sold by
Esposito Investments Llc
Bought by
Queli Lawrence and Queli Adele
Seller's Agent
Maggie Abdo-Manno, CCIM
Century 21 Semiao & Associates
Buyer's Agent
Raymond Ciampaglia
RE/MAX Signature Homes
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$337,500
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 1989
Bought by
Telese Francesco and Telese Telese
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
Thompson Eric $545,000 Catic Title Insurance Co
Queli Lawrence $450,000 Fidelity National Title Insu
Telese Francesco $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Eric $100,000
Closed Thompson Eric $20,400
Open Thompson Eric $487,775
Previous Owner Queli Lawrence $337,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2020 03/03/20 Sold $545,000 -5.2% $286 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
11/26/2019 11/26/19 For Sale $575,000 +27.8% $302 / Sq Ft
08/03/2017 08/03/17 Sold $450,000 -14.3% $236 / Sq Ft
07/05/2017 07/05/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $525,000 -- $276 / Sq Ft
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 $11,233 $563,800 $254,400 $309,400
2023 $12,339 $552,800 $246,900 $305,900
2022 $12,339 $389,000 $163,000 $226,000
2021 $11,798 $389,000 $163,000 $226,000
2020 $11,569 $389,000 $163,000 $226,000
2019 $11,483 $389,000 $163,000 $226,000
2018 $11,577 $389,000 $163,000 $226,000
2017 $8,900 $306,800 $163,000 $143,800
2016 $8,701 $306,800 $163,000 $143,800
2015 $8,428 $306,800 $163,000 $143,800
2014 $8,317 $306,800 $163,000 $143,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1952914

New Jersey MLS

APN: 32-00178-0000-00041