NOT LISTED FOR SALE

23 Cedar St Unit 25 Newark, NJ 07102

Upper Roseville Neighborhood

Estimated Value: $580,678

6 Beds
3 Baths
-- Sq Ft
3,629 Sq Ft Lot

Last Sold August 16, 2022

Last sale price $547,000

Est. 6% increase in value since last sale

Current estimated payment $3,469/month

29 Days on Market

About This Home

As of August 2022

ATTENTION 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!

Last Agent to Sell the Property

Erik Goldfarb

EXP Realty, LLC Listed on: 03/30/2022

EXP Realty, LLC

Last Buyer's Agent

Eric Eckhardt

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, In Unit
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: South Orange Avenue to Tremont Avenue to Cedar Avenue.
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Mixedflr
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks, Natural Gas Connected

Lot Info

  • Lot Size Sq Ft: 3629.0

Tax Info

  • Tax Annual Amount: 5164.0
  • Tax Block: 04206
  • Tax Lot: 00007

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%
Current Estimated Value
$580,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,678
Avg. Annual Appreciation
1.87%
Original Mortgage
$472,500
Outstanding Balance
$451,122
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$129,556

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%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
23-25 Cedar Ave Llc $547,000 None Listed On Document
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 Nkomo Emerald $240,000
Previous Owner Drake Denys $135,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $5,156 $138,300 $12,700 $125,600
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

    Seller's Agent in 2022

    Erik Goldfarb

    EXP Realty, LLC

    (862) 208-2287

    1 in this area

    70 Total Sales

    Erik Goldfarb
    Section Image
  • Eric Eckhardt

    Buyer's Agent in 2022

    Eric Eckhardt

    EXP Realty, LLC

    (732) 322-9335

    1 in this area

    38 Total Sales

    Eric Eckhardt
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22010423

New Jersey MLS

APN: 14-04206-0000-00007

New Jersey Essex County Newark 07102 Upper Roseville

23 Cedar St Unit 25, Newark, NJ

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