NOT LISTED FOR SALE

240 Ridge St Newark, NJ 07104

Forest Hill Neighborhood

Estimated Value: $640,000 - $799,000

7 Beds
5 Baths
-- Sq Ft
2,814 Sq Ft Lot

Last Sold October 12, 2022

Last sale price $610,000

Est. 14% increase in value since last sale

Current estimated payment $4,220/month

18 Days on Market

About This Home

As of October 2022

Bloomfield Ave to Clifton Ave left on 2nd Ave left on Ridge St. Terrific opportunity. 3-Family with finished basement offering additional living space with one bedroom, two full bath with shower one of it need repair, and a "kitchenette" (no stove). Basement apartment has separate entrance on the side of the home. Window a/c units. Hardwood and tile floors. Unit 1 and 2, 3brs living room eating in kitchen full bathroom, second floor offer extra room to use as a storage or office. Unit 3, full bath with shower 1.5 bedroom living room eating in kitchen. Location: easy commute and convenient for rental income. First and third floor Tenant occupied, second floor is to delivery vacant.

Last Agent to Sell the Property

Carlos Soares

Century 21 Semiao & Associates/Kearny Listed on: 08/12/2022

Century 21 Semiao & Associates/Kearny

Last Buyer's Agent

Sandra Hernandez

United Real Estate

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,684

Lot Details

  • 2,814 Sq Ft Lot
  • Lot Dimensions are 28.12 x 100

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00029 / 00556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,684

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 344-2100
  • MLS Status: Sold - Sold
  • Directions: Bloomfield Ave to Clifton Ave left on 2nd Ave left on Ridge St.
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Basement Remarks: FINISHED KITCHNETTE NO STOVE 1BR 2 BATHS

Exterior Features

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

Utilities

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

Lot Info

  • Lot Dimensions: 28.12 X 100
  • Lot Size Sq Ft: 2814.0

Tax Info

  • Tax Annual Amount: 6684.0
  • Tax Block: 00556
  • Tax Lot: 00029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Oct 3, 2022
Sold by
Neves Luis M
Bought by
Phagooram Vick and Phagooram Rajendra Nauth
Seller's Agent
Carlos Soares
Century 21 Semiao & Associates/Kearny
Buyer's Agent
Sandra Hernandez
United Real Estate
List Price
$530,000
Sold Price
$610,000
Premium/Discount to List
$80,000
15.09%
Current Estimated Value
$697,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,518
Avg. Annual Appreciation
4.41%
Original Mortgage
$598,951
Outstanding Balance
$574,806
Interest Rate
5.66%
Mortgage Type
FHA
Estimated Equity
$122,712

Purchase Details

Closed on
Nov 15, 2016
Sold by
Neves Luis M and Neves Paula
Bought by
Neves Luis M

Purchase Details

Closed on
Nov 13, 2003
Sold by
Pantoliano
Bought by
Neves Maria Graciete

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
5.9%

Purchase Details

Closed on
Jun 7, 2002
Sold by
Ptpe Llc
Bought by
Pantoliano & Deak Llc
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
Phagooram Vick $610,000 None Listed On Document
Neves Luis M -- None Available
Neves Maria Graciete $300,000 --
Pantoliano & Deak Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phagooram Vick $598,951
Previous Owner Neves Maria Graciete $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Sold $610,000 +15.1% --
08/30/2022 08/30/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $530,000 -- --
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 $6,558 $175,900 $38,300 $137,600
2024 $6,558 $175,900 $38,300 $137,600
2022 $6,572 $175,900 $38,300 $137,600
2021 $6,568 $175,900 $38,300 $137,600
2020 $6,684 $175,900 $38,300 $137,600
2019 $6,616 $175,900 $38,300 $137,600
2018 $6,496 $175,900 $38,300 $137,600
2017 $6,262 $175,900 $38,300 $137,600
2016 $6,051 $175,900 $38,300 $137,600
2015 $5,821 $175,900 $38,300 $137,600
2014 $5,455 $175,900 $38,300 $137,600
Source: Public Records

Agents Affiliated with this Home

  • Carlos Soares

    Seller's Agent in 2022

    Carlos Soares

    Century 21 Semiao & Associates/Kearny

    (201) 306-5361

    1 in this area

    36 Total Sales

    Carlos Soares
    Section Image
  • Sandra Hernandez

    Buyer's Agent in 2022

    Sandra Hernandez

    United Real Estate

    (732) 887-7430

    1 in this area

    21 Total Sales

    Sandra Hernandez
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 22030302

New Jersey MLS

APN: 14-00556-0000-00029

New Jersey Essex County Newark 07104 Forest Hill

240 Ridge St, Newark, NJ

Not Listed for Sale

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