NOT LISTED FOR SALE

Estimated Value: $573,000 - $880,000

8 Beds
4 Baths
-- Sq Ft
3,759 Sq Ft Lot

Last Sold February 04, 2022

Last sale price $565,000

Est. 29% increase in value since last sale

Current estimated payment $5,289/month

70 Days on Market

About This Home

As of February 2022

Back on the Market! buyer could not perform! This is your opportunity for passive income acquiring this cash cow 4-family that features on-time paying tenants, low expenses and an overall sound building ready for you to reap the benefits. Some other added items are security cameras, Ring doorbell system for all units, and a trash lady / property manager. One of the 4 units will be delivered vacant so this property is prime for Owner-occupants and investors alike. All units have been renovated since 2019 and feature separate utilities to minize your expenses. Currently the three performing units produce $4,200 monthly with potential to gross upwards of $5,700 once fully rented. House also features only a 4-year old roof with warranty, security cameras and RING doorbells programmed for each unit. Off-street parking for up to 3 cars. Property being sold "As Is". We already obtain all city certifications and are looking for a quick closing deal. HIGHEST AND BEST DUE MONDAY @ 5 PM

Last Agent to Sell the Property

Johnathan Wellington

EXP Realty, LLC Listed on: 11/03/2021

EXP Realty, LLC

Last Buyer's Agent

Mordy Abelesz

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,980

Year Built

  • 1920

Lot Details

  • 3,759 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00017 / 04050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,980

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: between 18th Ave and Valley Street
  • Architectural Style: 4 Family
  • Year Built Details: 1950's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1920

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 3759.0

Tax Info

  • Tax Annual Amount: 6980.0
  • Tax Block: 04050
  • Tax Lot: 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Jan 26, 2022
Sold by
Alexander 231 Newark Llc
Bought by
Silberstein Pinchus
Seller's Agent
Johnathan Wellington
EXP Realty, LLC
Buyer's Agent
Mordy Abelesz
EXP Realty, LLC
List Price
$599,900
Sold Price
$565,000
Premium/Discount to List
-$34,900
-5.82%
Total Days on Market
70
Current Estimated Value
$729,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,168
Avg. Annual Appreciation
7.96%
Original Mortgage
$440,000
Outstanding Balance
$412,480
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$316,688

Purchase Details

Closed on
Apr 3, 2019
Sold by
Alexander 215 Neward Llc
Bought by
Alexander 231 Neward Llc

Purchase Details

Closed on
Jan 17, 2018
Sold by
Intl Family Of Business
Bought by
Alexander 215 Newark Llc

Purchase Details

Closed on
Jun 1, 2015
Sold by
Sheriff Armando Fontoura
Bought by
Lsf8 Master Particip

Purchase Details

Closed on
Apr 23, 2013
Sold by
Mckenzie Oscar
Bought by
Intl Family Of Busin

Purchase Details

Closed on
Apr 24, 2003
Sold by
Baptiste Pierre Jean
Bought by
Mckenzie Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,910
Interest Rate
5.45%

Purchase Details

Closed on
Mar 13, 2000
Sold by
Hud
Bought by
Baptiste Pierre and Baptiste Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 1994
Sold by
Winstead Antonia
Bought by
Winstead Peter
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
Silberstein Pinchus $565,000 New Title Company Name
Alexander 231 Neward Llc -- --
Alexander 215 Newark Llc -- --
Lsf8 Master Particip $100 --
Intl Family Of Busin -- --
Intl Family Of Busin -- --
Mckenzie Oscar $199,900 --
Baptiste Pierre $120,000 --
Winstead Peter $26,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silberstein Pinchus $440,000
Previous Owner Mckenzie Oscar H $303,750
Previous Owner Mckenzie Oscar $179,910
Previous Owner Baptiste Pierre $119,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $565,000 -5.8% --
01/12/2022 01/12/22 Pending -- -- --
11/03/2021 11/03/21 For Sale $599,900 -- --
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 $14,357 $385,100 $21,500 $363,600
2022 $6,863 $183,700 $21,500 $162,200
2021 $6,859 $183,700 $21,500 $162,200
2020 $6,981 $183,700 $21,500 $162,200
2019 $6,909 $183,700 $21,500 $162,200
2018 $6,784 $183,700 $21,500 $162,200
2017 $6,540 $183,700 $21,500 $162,200
2016 $6,319 $183,700 $21,500 $162,200
2015 $6,079 $183,700 $21,500 $162,200
2014 $5,697 $183,700 $21,500 $162,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 21045230

New Jersey MLS

APN: 14-04050-0000-00017