NOT LISTED FOR SALE

Estimated Value: $620,000 - $808,000

8 Beds
4 Baths
4,306 Sq Ft
$174/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2024

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

Est. 19% increase in value since last sale

Current estimated payment $4,927 / mo

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 - Spring Lake

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

7,187 Sq Ft Lot

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 List PriceSqFt: 156.76
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Jun 27, 2024
Sold by
Bought by
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
$747,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,783
Avg. Annual Appreciation
8.63%
Original Mortgage
$618,589
Interest Rate
0.0712%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 1990
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 1990
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$630,000 None Listed On Document
$400,000 --
$150,000 --
$48,000 --
$140,000 --
-- --
$217,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $24,512
Open $618,589
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,846 $246,200 $26,600 $219,600
2025 $9,846 $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

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22319938

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-04077-0000-00069

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