NOT LISTED FOR SALE

26-28 Unity Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $636,000 - $770,000

8 Beds
4 Baths
4,306 Sq Ft
$167/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $630,000 $146 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,372/month

35 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Hot Water Heating System
  • Attic
  • Forced Air Heating System

About This Home

As of June 2024

This 4 family property is an investor's dream located on a quiet street in the Ivy Hill Section of Newark. Each unity has separate gas and electric meters. The building has great pay performance with all tenants current on all rent. All units are occupied with tenants who are interested in staying in place. There is a unique opportunity to convert the attic into another rental with one bedroom and full bathroom. This is an ''AS IS'' sale. Seller will make no repairs. It is a short walk to public transportation, 10 minutes to Penn Station rails and the airport.

Last Agent to Sell the Property

Robin Pickett

Keller Williams Avon Realty License #1970470 Listed on: 07/21/2023

Keller Williams Avon Realty

Last Buyer's Agent

Robin Pickett

Berkshire Hathaway HomeServices Fox & Roach - Sea Girt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,893

Year Built

  • Built in 1925

Lot Details

  • 7,187

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,306 Sq Ft Home
  • 2-Story Property
  • Center Hall
  • Stove
  • Attic

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Hot Water Heating System
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: All tenant and Owner's personal property
  • Tenant pays for sewer, hot water, heat, gas, electricity
  • The owner pays for water, snow removal, garbage removal
  • Assessor Parcel Number 0714_4077_69

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,893

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Flooring: Wood, Linoleum, Ceramic Tile
  • Reso Interior Features: Attic, Center Hall
  • New Construction: No
  • Year Built: 1925
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Attic: Yes
  • Garage None4: Yes
  • Cooling Multi Units: Yes
  • Floors Linoleum: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Furnace10: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: All tenant and Owner's personal property

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Parcel #: 0714_4077_69
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: Sewer, Hot Water, Heat, Gas, Electricity
  • Owner Pays: Water, Snow Removal, Garbage Removal

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6892.96

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Jun 27, 2024
Sold by
Clay James L and Simmons Stephanie Ann
Bought by
Cruz Christy
Seller's Agent
Robin Pickett
Keller Williams Avon Realty
Buyer's Agent
Robin Pickett
Keller Williams Avon Realty
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%
Views
124
Current Estimated Value
$719,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,052
Avg. Annual Appreciation
11.25%
Original Mortgage
$618,589
Outstanding Balance
$611,201
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$107,851

Purchase Details

Closed on
Jun 22, 2004
Sold by
Willis Marguerite
Bought by
Clay James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.03%

Purchase Details

Closed on
Oct 21, 1998
Sold by
Koenig Gerald
Bought by
Moate Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,939
Interest Rate
6.74%

Purchase Details

Closed on
Feb 23, 1998
Sold by
Ocwen Federal Bank
Bought by
Schwab Carol

Purchase Details

Closed on
Oct 21, 1997
Sold by
Schwab Carol
Bought by
Koenig Gerald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.92%

Purchase Details

Closed on
Mar 29, 1990
Sold by
Narcisse Wilner and Jessie Et Als
Bought by
Narcisse Wilner Et Als

Purchase Details

Closed on
Feb 5, 1990
Sold by
Pastore Michael and Mary Ann
Bought by
Narcisse Wilner and Narcisse Jessie
Source: Public Records

Range of Values:

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Average Value
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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
Cruz Christy $630,000 None Listed On Document
Clay James $400,000 --
Moate Jonathan $150,000 --
Schwab Carol $48,000 --
Koenig Gerald J $140,000 --
Narcisse Wilner Et Als -- --
Narcisse Wilner $217,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Christy $618,589
Previous Owner Clay James $320,000
Previous Owner Moate Jonathan $144,939
Previous Owner Koenig Gerald J $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $630,000 -6.7% $146 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $675,000 -- $157 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $6,882 $246,200 $26,600 $219,600
2024 $6,882 $184,600 $19,900 $164,700
2023 $6,897 $184,600 $19,900 $164,700
2022 $6,897 $184,600 $19,900 $164,700
2021 $6,893 $184,600 $19,900 $164,700
2020 $7,015 $184,600 $19,900 $164,700
2019 $6,943 $184,600 $19,900 $164,700
2018 $9,092 $246,200 $26,600 $219,600
2017 $8,765 $246,200 $26,600 $219,600
2016 $8,469 $246,200 $26,600 $219,600
2015 $8,147 $246,200 $26,600 $219,600
2014 $7,635 $246,200 $26,600 $219,600
Source: Public Records

Agents Affiliated with this Home

  • Robin Pickett

    Seller's Agent in 2024

    Robin Pickett

    Keller Williams Avon Realty

    (732) 693-4770

    1 in this area

    13 Total Sales

    Robin Pickett
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22319938

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-04077-0000-00069

New Jersey Essex County Newark 07106 Lower Vailsburg

26-28 Unity Ave, Newark, NJ

This home is located at 26-28 Unity Ave, Newark, NJ 07106 since 21 July 2023 and is currently estimated at $719,052, approximately $166 per square foot. This property was built in 1925. 26-28 Unity Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary 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.

MOREMLS (Monmouth Ocean Regional REALTORS®) 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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