Seller's Agent in 2022
Erik Goldfarb
EXP Realty, LLC
(862) 208-2287
1 in this area
75 Total Sales
23 Cedar St Unit 25 Newark, NJ 07102
Upper Roseville NeighborhoodEstimated Value: $544,000 - $820,000
6
Beds
3
Baths
--
Sq Ft
3,629
Sq Ft Lot
About This Home
As of August 2022ATTENTION INVESTORS, 14-Unit portfolio for sale in Newark! Welcome to 23-25 Cedar Ave, a perfect 3-family for investors looking to add to their portfolio. Take advantage of this recently updated (2016) income producing property with spacious units and separate utilities. Enjoy your private driveway with additional off-street parking. Don't miss out on this investment opportunity located close to major highways, schools, parks and downtown. Must be sold as a package with MLS# 3772006, 3772018, 3772169 & 3772140. Reach out for more details!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,164
Year Built
- 1915
Lot Details
- 3,629
Parking
- 2 Car Garage
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Additional Features
- Laundry in Basement
- 3,629 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00007 / 04206
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2022
Closed on
Aug 16, 2022
Sold by
Wainwright Properties Llc
Bought by
23-25 Cedar Ave Llc
Seller's Agent
Erik Goldfarb
EXP Realty, LLC
Buyer's Agent
Eric Eckhardt
EXP Realty, LLC
List Price
$399,000
Sold Price
$547,000
Premium/Discount to List
$148,000
37.09%
Total Days on Market
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,425
Avg. Annual Appreciation
5.54%
Original Mortgage
$472,500
Outstanding Balance
$454,750
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$178,675
Purchase Details
Closed on
Jan 28, 2016
Sold by
Mulberry Investment Group Llc
Bought by
Wainwright Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.02%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 27, 2009
Sold by
Nkomo Emerald
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jul 11, 2003
Sold by
Born Asiatic Inc
Bought by
Nkomo Emerald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.34%
Purchase Details
Closed on
Oct 6, 2000
Sold by
Benton Realty Llc
Bought by
Drake Denys and Shields Marcellus
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,300
Interest Rate
7.7%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 23-25 Cedar Ave Llc | $547,000 | -- | |
| Wainwright Properties Llc | -- | Old Republic Title | |
| Mulberry Investment Group Llc | $94,000 | None Available | |
| Federal National Mortgage Association | -- | None Available | |
| Nkomo Emerald | $330,000 | -- | |
| Drake Denys | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 23-25 Cedar Ave Llc | $472,500 | |
| Previous Owner | Wainwright Properties Llc | $110,000 | |
| Previous Owner | Nkomo Emerald | $240,000 | |
| Previous Owner | Drake Denys | $135,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2022 08/16/22 | Sold | $547,000 | +37.1% | -- |
| 04/28/2022 04/28/22 | Pending | -- | -- | -- |
| 03/30/2022 03/30/22 | For Sale | $399,000 | -- | -- |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $5,156 | $138,300 | $12,700 | $125,600 |
| 2022 | $5,167 | $138,300 | $12,700 | $125,600 |
| 2021 | $5,164 | $138,300 | $12,700 | $125,600 |
| 2020 | $5,255 | $138,300 | $12,700 | $125,600 |
| 2019 | $5,201 | $138,300 | $12,700 | $125,600 |
| 2018 | $5,107 | $138,300 | $12,700 | $125,600 |
| 2017 | $4,923 | $138,300 | $12,700 | $125,600 |
| 2016 | $4,758 | $138,300 | $12,700 | $125,600 |
| 2015 | $4,576 | $138,300 | $12,700 | $125,600 |
| 2014 | $4,289 | $138,300 | $12,700 | $125,600 |
Source: Public Records
Agents Affiliated with this Home
-
Erik Goldfarb
-
Eric Eckhardt
Buyer's Agent in 2022
Eric Eckhardt
EXP Realty, LLC
(732) 322-9335
1 in this area
37 Total Sales
Map
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Source: New Jersey MLS
MLS Number: 22010423
APN: 14-04206-0000-00007
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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