NOT LISTED FOR SALE

246 S 8th St Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $549,000 - $622,248

7 Beds
5 Baths
-- Sq Ft
2,479 Sq Ft Lot

Last Sold May 08, 2024

Last sale price $525,000

Est. 12% increase in value since last sale

Current estimated payment $3,691/month

98 Days on Market

About This Home

As of May 2024

Come see this fabulous three family partially occupied investment property with great income potential. Unit 1 VACANT and features living room, kitchen, three bedrooms and two baths. Unit 2 occupied and featuring - living room, kitchen, three bedrooms and two baths. Unit 3 occupied and features living room, kitchen, One bedroom and one bath. Unfinished basement is great for storage. Close to Parks, restaurants, shopping, public transportation, major highways and NYC. To preview this property, please call Ascensao Gutierrez at 973-207-0956

Last Agent to Sell the Property

Jorge Velasquez

RE/MAX Professionals 1 Listed on: 12/11/2023

Last Buyer's Agent

Ascensao Gutierrez

RE/MAX Professionals 1

RE/MAX Professionals 1

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,194

Lot Details

  • 2,479 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00066 / 01780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,194

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 450-4000
  • MLS Status: Sold - Sold
  • Directions: Between 13th Ave. and Rte 510
  • 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: Unfinished

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 2479.0

Tax Info

  • Tax Annual Amount: 6194.0
  • Tax Block: 01780
  • Tax Lot: 00066

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2024
Sold by
Brr Capital Group 2 Llc
Bought by
246 S 8 Llc
Current Estimated Value
$587,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
12%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 25, 2022
Sold by
Cv Loc 21 Llc
Bought by
Brr Capital Group 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,999,237
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2021
Sold by
Cyt Holdings Llc
Bought by
Cv Loc 21 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2018
Sold by
Nj First Data Filing Llc
Bought by
Cyt Holdings Llc

Purchase Details

Listed on
Nov 17, 2016
Closed on
May 9, 2017
Sold by
First Data Filing Llc
Bought by
Nj First Data Filing Llc
Seller's Agent
Brenda Hudson
WORLDWIDE REALTY LLC
List Price
$119,995
Sold Price
$105,000
Premium/Discount to List
-$14,995
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.93%
Original Mortgage
$800,000
Interest Rate
4.08%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Nov 17, 2016
Closed on
Apr 28, 2017
Sold by
King Freddie
Bought by
First Data Filing Llc
Seller's Agent
Brenda Hudson
WORLDWIDE REALTY LLC
List Price
$119,995
Sold Price
$105,000
Premium/Discount to List
-$14,995
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.08%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 15, 2002
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
246 S 8 Llc $525,000 None Listed On Document
Brr Capital Group 2 Llc -- Old Republic National Title
Cv Loc 21 Llc $305,000 New Title Company Name
Cyt Holdings Llc -- --
Nj First Data Filing Llc -- Meister Abstract Corp
First Data Filing Llc $105,000 Meister Abstract Corp
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 246 S 8 Llc $565,000
Previous Owner Brr Capital Group 2 Llc $2,999,237
Previous Owner Cv Loc 21 Llc $15,000,000
Previous Owner Newark Pp 2 Llc $1,200,000
Previous Owner Nj First Data Filing Llc $222,000
Previous Owner Nj First Data Filing Llc $800,000
Previous Owner 246 S 8 Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $525,000 -2.8% --
03/18/2024 03/18/24 Pending -- -- --
12/11/2023 12/11/23 For Sale $540,000 +414.3% --
05/08/2017 05/08/17 Sold $105,000 -12.5% --
12/27/2016 12/27/16 Pending -- -- --
11/17/2016 11/17/16 For Sale $119,995 -- --
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 $6,181 $165,800 $25,700 $140,100
2024 $6,181 $165,800 $25,700 $140,100
2022 $6,194 $165,800 $25,700 $140,100
2021 $6,191 $165,800 $25,700 $140,100
2020 $6,300 $165,800 $25,700 $140,100
2019 $6,236 $165,800 $25,700 $140,100
2018 $6,123 $165,800 $25,700 $140,100
2017 $5,902 $165,800 $25,700 $140,100
2016 $5,704 $165,800 $25,700 $140,100
2015 $5,486 $165,800 $25,700 $140,100
2014 $5,141 $165,800 $25,700 $140,100
Source: Public Records

Agents Affiliated with this Home

  • Jorge Velasquez

    Seller's Agent in 2024

    Jorge Velasquez

    RE/MAX

    (973) 418-0425

    9 in this area

    225 Total Sales

    Jorge Velasquez
    Section Image
  • Ascensao Gutierrez

    Buyer's Agent in 2024

    Ascensao Gutierrez

    RE/MAX

    (973) 207-0956

    2 in this area

    21 Total Sales

    Ascensao Gutierrez
    Section Image

  • B

    Seller's Agent in 2017

    Brenda Hudson

    WORLDWIDE REALTY LLC

    (973) 634-4208

    1 in this area

    20 Total Sales

    Brenda Hudson
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23037226

New Jersey MLS

APN: 14-01780-0000-00066

New Jersey Essex County Newark 07103 Fairmount

246 S 8th St, Newark, NJ

This home is located at 246 S 8th St, Newark, NJ 07103 since 11 December 2023 and is currently estimated at $587,312. 246 S 8th St is a home located in Essex County with nearby schools including Louise A. Spencer School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

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.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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