NOT LISTED FOR SALE

27 Main St Unit 29 Newark, NJ 07105

Estimated Value: $819,000 - $1,305,000

8 Beds
5 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold May 15, 2024

Last sale price $1,200,000

Est. 8% decrease in value since last sale

Current estimated payment $7,207/month

8 Days on Market

Highlights

  • 0.11 Acre Lot
  • 2 Car Detached Garage
  • Air Conditioning
  • Wood Flooring

About This Home

As of May 2024

Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Unparalleled investment potential owning a triplex with three 2 bedroom and 1 bath units, the ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. Revel in the luxury of two oversized bedrooms, boasting custom closets with built-in shelving, and two full baths designed for indulgence and relaxation. Parking headaches? Not here. With ample space in the rear and two detached garages, your tenants will thank you for the convenience. Don't let this one slip away, book your tour today.

Last Listed By

Joseph Guerriero

Keller Williams by the Bay License #2079479 Listed on: 03/21/2024

Keller Williams by the Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,699

Year Built

  • Built in 1941

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Parking

  • 2 Car Detached Garage

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Pull Down Stairs to Attic
  • Finished Basement

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water, yard maintenance, snow removal, heat, gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 14-02046-0000-00016

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $180
  • Insurance Expense $3,520
  • Water Sewer Expense $2,000
  • Gross Income $60,000
  • Net Operating Income $41,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,699

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Subdivision Name: None
  • Reso Flooring: Wood, Vinyl, Ceramic Tile
  • Reso Interior Features: Attic - Pull Down Strs
  • New Construction: No
  • Year Built: 1941
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Vinyl3: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 6.0
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Income Expenses Electric Expense: 180.0
  • Income Expenses Insurance Expense: 3520.0
  • Income Expenses WaterSewer Expense: 2000.0
  • Income Expenses Gross Income2: 60000.0
  • Income Expenses Net Income: 41601.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 4 Water Heater4: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Water Meter: Yes
  • Interior Attic - Pull Down Strs: Yes
  • Unit 4 Dryer11: Yes
  • Unit 4 Washer10: Yes
  • Unit 4 Dishwasher11: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Slab
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Stories: 3
  • Basement Finished: Yes
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle, Flat
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: Personal property
  • Construction:Siding - Vinyl: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: See Remarks, Detached
  • Total Parking Spaces: 6.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 14-02046-0000-00016
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Snow Removal, Heat, Gas, Electricity
  • Owner Pays: Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12699.0
  • Tax Other Annual Assessment Amount: 339900.0

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 180.0
  • Annual Gross Income: 60000.0
  • Insurance Expense: 3520.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 13, 2024
Sold by
Fidalgo Angelo and Fidalgo Maria
Bought by
27-29 Main Street Llc
Seller's Agent
Joseph Guerriero
Keller Williams by the Bay
Buyer's Agent
Joseph Guerriero
Keller Williams by the Bay
List Price
$1,100,000
Sold Price
$1,200,000
Premium/Discount to List
$100,000
9.09%
Total Days on Market
8
Views
69
Current Estimated Value
$1,104,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,811
Avg. Annual Appreciation
-7.83%
Original Mortgage
$900,000
Outstanding Balance
$891,349
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$212,840

Purchase Details

Closed on
Nov 29, 1982
Bought by
Fidalgo Angelo and Fidalgo Maria

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
27-29 Main Street Llc $1,200,000 None Listed On Document
Fidalgo Angelo $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 27-29 Main Street Llc $900,000
Previous Owner Fidalgo Maria $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $1,200,000 +9.1% --
03/29/2024 03/29/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $1,100,000 -- --
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
2024 $12,671 $339,900 $82,500 $257,400
2022 $12,699 $339,900 $82,500 $257,400
2021 $12,692 $339,900 $82,500 $257,400
2020 $12,916 $339,900 $82,500 $257,400
2019 $12,784 $339,900 $82,500 $257,400
2018 $12,553 $339,900 $82,500 $257,400
2017 $12,100 $339,900 $82,500 $257,400
2016 $11,693 $339,900 $82,500 $257,400
2015 $11,247 $339,900 $82,500 $257,400
2014 $10,540 $339,900 $82,500 $257,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22407836

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-02046-0000-00016