NOT LISTED FOR SALE

23 Columbia Ave Unit 25 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $782,286 - $1,070,000

14 Beds
5 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold May 12, 2021

Last sale price $550,000

Est. 65% increase in value since last sale

Current estimated payment $5,642/month

62 Days on Market

Highlights

  • Colonial Architecture
  • Living Room
  • Dining Room

About This Home

As of May 2021

OPPORTUNITES LIKE THIS DO NOT COME AROUND EVERY DAY! This is a turn key spacious 4 Unit multi family property with a bonus 5th apartment in a 2.5 stories property. This property is located one block form the historic Vailsburg Park. Whether you are buying as an investment or as an owner occupant this the perfect property to add to your portfolio. Currently 2 of the 5 units are occupied, current green card, all separate utilities, gas, electric, heat and hot water. Sitting on a 50 x 100 lot. Close to all major transportation which makes this property easy for any commuter. Check it out for yourself today.

Last Agent to Sell the Property

Bruno Mele

LIBERTY REALTY LLC License #1645773 Listed on: 11/06/2020

LIBERTY REALTY LLC

Last Buyer's Agent

NON-MEMBER NON-MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,508

Lot Details

  • Lot Dimensions are 55 x 100

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 14 Bedrooms | 6 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Radiator

Community Details

  • Insurance Expense $3,562
  • Utility Expense $300
  • Water Sewer Expense $647

Listing and Financial Details

  • Exclusions: All personal property
  • Legal Lot and Block 00080 / 04034
  • Assessor Parcel Number 41603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,508

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 4 Family
  • Building Style: Colonial
  • Exclusions: All personal property
  • Inclusions: Fixtures/Appliances
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 41603
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full, Unfinished
  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 14
  • Total Living Rooms: 5
  • First Floor Bedrooms: 6
  • Floor 1 Dining Rooms: 2
  • First Full Floor Bathrooms: 2
  • Floor 1 Living Rooms: 2
  • Floor 1 Rent: 1049-1242
  • Floor 2 Dining Room: 2
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 2
  • Floor 2 Living Rooms: 2
  • Floor 2 Rent: 1233
  • Third Floor Bedrooms: 2
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Garage/Parking

  • Parking Available: Other-See Remarks, None

Utilities

  • Heating/Cooling: A/C Window, Radiators
  • Utility Expenses: 300

Fee Information

  • Insurance Expense: 3562
  • Water Sewer Expenses: 647

Lot Info

  • Geo Address Line: 23-25 Columbia Ave
  • Geo Matched Method: 1
  • Geo Primary City: Newark
  • Geo Quality: 0.95
  • Lot: 00080
  • Lot Size: 55 x 100

Tax Info

  • Year: 2019
  • Taxes: 10508

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
May 12, 2021
Sold by
Guy Weston G
Bought by
Camilus Darryl and Bonn Sophia
Seller's Agent
Bruno Mele
LIBERTY REALTY LLC
Buyer's Agent
NON-MEMBER NON-MEMBER
NON-MEMBER
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%
Current Estimated Value
$906,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,822
Avg. Annual Appreciation
11.59%
Original Mortgage
$539,682
Outstanding Balance
$487,549
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$419,273

Purchase Details

Closed on
Dec 21, 2017
Sold by
Willis Dwight
Bought by
Guy Weston G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,856
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2000
Sold by
National City Mortgage Co
Bought by
Willis Dwight

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.76%

Purchase Details

Closed on
Mar 29, 1999
Sold by
Willis Dennis
Bought by
Willis Dwight

Purchase Details

Closed on
Aug 10, 1989
Sold by
Johnson Michael and Johnson Sheila
Bought by
Willis Dennis D and Willis Merlene

Purchase Details

Closed on
Jun 8, 1989
Sold by
Johnson Detroit
Bought by
Johnson Michael and Johnson Sheila
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Camilus Darryl $550,000 Simplicity Title
Guy Weston G $284,000 --
Willis Dwight $65,000 --
Willis Dwight $25,000 --
Willis Dennis D $120,000 --
Johnson Michael $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camilus Darryl $539,682
Previous Owner Guy Weston G $278,856
Previous Owner Willis Dwight $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2021 05/12/21 Sold $550,000 +10.2% --
01/07/2021 01/07/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $499,000 0.0% --
12/10/2020 12/10/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $499,000 -- --
Source: Hudson County 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 $10,416 $279,400 $19,400 $260,000
2024 $10,416 $279,400 $19,400 $260,000
2022 $10,438 $279,400 $19,400 $260,000
2021 $10,433 $279,400 $19,400 $260,000
2020 $10,617 $279,400 $19,400 $260,000
2019 $10,508 $279,400 $19,400 $260,000
2018 $10,318 $279,400 $19,400 $260,000
2017 $9,947 $279,400 $19,400 $260,000
2016 $9,611 $279,400 $19,400 $260,000
2015 $9,245 $279,400 $19,400 $260,000
2014 $8,664 $279,400 $19,400 $260,000
Source: Public Records

Agents Affiliated with this Home

  • Bruno Mele

    Seller's Agent in 2021

    Bruno Mele

    LIBERTY REALTY LLC

    (862) 368-7298

    2 in this area

    95 Total Sales

    Bruno Mele
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MEMBER NON-MEMBER

    NON-MEMBER

See All Agents

Map

Source: Hudson County MLS

MLS Number: 202025529

Hudson County MLS

APN: 14-04034-0000-00080

New Jersey Essex County Newark 07106 Lower Vailsburg

23 Columbia Ave Unit 25, Newark, NJ

Not Listed for Sale

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.

Hudson County MLS 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.

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