NOT LISTED FOR SALE

262 Ridge St Newark, NJ 07104

Forest Hill Neighborhood

Estimated Value: $447,000 - $657,000

5 Beds
3 Baths
-- Sq Ft
2,888 Sq Ft Lot

Last Sold June 23, 2023

Last sale price $364,000

Est. 50% increase in value since last sale

Current estimated payment $3,398/month

40 Days on Market

About This Home

As of June 2023

Great opportunity in Newark. Bring your vision and bring this 2 family home back to its full potential. Each floor features a dining room, living room, 2 bedrooms, bath and kitchen. The subject has off street parking for 2 cars, is located close to schools, shopping, down town Newark, and easy commute to NYC.

Last Agent to Sell the Property

Ryan Knab

Coldwell Banker, Fort Lee Listed on: 04/08/2023

Coldwell Banker, Fort Lee

Last Buyer's Agent

Joseph Tamburo

Coldwell Banker, Fort Lee

Coldwell Banker, Fort Lee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,202

Lot Details

  • 2,888

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 2,888 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00018 / 00556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,202

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, Hook Ups
  • Co List Office Phone: 201-461-5000
  • MLS Status: Sold - Sold
  • Directions: Btw Parker & Clifton
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Sep Heat, Water Connected

Lot Info

  • Lot Size Sq Ft: 2888.0

Tax Info

  • Tax Annual Amount: 6202.0
  • Tax Block: 00556
  • Tax Lot: 00018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2023
Sold by
262 Ridge Street Llc
Bought by
Kaufman Zev
Current Estimated Value
$547,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,750
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2023
Closed on
May 25, 2023
Sold by
Vrmtg Asset Trust
Bought by
262 Ridge Street Llc
Seller's Agent
Ryan Knab
Coldwell Banker, Fort Lee
Buyer's Agent
Joseph Tamburo
Coldwell Banker, Fort Lee
List Price
$324,900
Sold Price
$364,000
Premium/Discount to List
$39,100
12.03%
Views
215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.35%
Original Mortgage
$511,000
Interest Rate
5.97%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 9, 1996
Sold by
Disarno Neil
Bought by
Garcia George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.24%
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
Kaufman Zev -- Universal Title
262 Ridge Street Llc $364,000 None Listed On Document
Garcia George $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaufman Zev $558,750
Previous Owner 262 Ridge Street Llc $511,000
Previous Owner Garcia George $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2023 06/23/23 Sold $364,000 +12.0% --
05/18/2023 05/18/23 Pending -- -- --
04/08/2023 04/08/23 For Sale $324,900 -- --
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
2025 $6,192 $166,100 $38,300 $127,800
2024 $6,192 $166,100 $38,300 $127,800
2022 $6,206 $166,100 $38,300 $127,800
2021 $6,202 $166,100 $38,300 $127,800
2020 $6,312 $166,100 $38,300 $127,800
2019 $6,247 $166,100 $38,300 $127,800
2018 $6,134 $166,100 $38,300 $127,800
2017 $5,913 $166,100 $38,300 $127,800
2016 $5,714 $166,100 $38,300 $127,800
2015 $5,496 $166,100 $38,300 $127,800
2014 $5,151 $166,100 $38,300 $127,800
Source: Public Records

Agents Affiliated with this Home

  • Ryan Knab

    Seller's Agent in 2023

    Ryan Knab

    Coldwell Banker, Fort Lee

    (201) 315-6708

    2 in this area

    105 Total Sales

    Ryan Knab
    Section Image
  • Joseph Tamburo

    Buyer's Agent in 2023

    Joseph Tamburo

    Coldwell Banker, Fort Lee

    (201) 461-5000

    1 in this area

    24 Total Sales

    Joseph Tamburo
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23010055

New Jersey MLS

APN: 14-00556-0000-00018

New Jersey Essex County Newark 07104 Forest Hill

262 Ridge St, Newark, NJ

Not Listed for Sale

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