NOT LISTED FOR SALE

Estimated Value: $406,000 - $596,880

8 Beds
4 Baths
-- Sq Ft
3,498 Sq Ft Lot

Last Sold February 27, 2024

Last sale price $430,000

Est. 12% increase in value since last sale

Current estimated payment $3,169/month

22 Days on Market

About This Home

As of February 2024

This is a 2 family investment opportunity in Newark. This property has been fully sheet rocked and ready for completing your final touches. Once done; this property will have good amount of equity since renovated homes go above $600k. All new electrical and all baths have been tiled. Plans are available too! Features a 3 bed / 2 bath on the first floor & a 5 bed / 2 bath duplex on the 2nd floor. Includes an unfinished basement + private driveway with garage. Close commute to NYC, Newark airport, highways and public transportation. Won't last!

Last Listed By

John Lajara

EXP Realty, LLC Listed on: 11/29/2023

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,149

Year Built

  • 1920

Lot Details

  • 3,498 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00024 / 01796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,149

Year Built

1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (866) 201-6210
  • MLS Status: Sold - Sold
  • Directions: Follow the provided directions using a GPS
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,New Const-Existing Fdn,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1920

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 3498.0

Tax Info

  • Tax Annual Amount: 6149.0
  • Tax Block: 01796
  • Tax Lot: 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Feb 15, 2024
Sold by
275 S 10Th Llc
Bought by
New Country Investments Llc
Seller's Agent
John Lajara
EXP Realty, LLC
Buyer's Agent
Maurice Negron
Lifestyle International Realty
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Total Days on Market
22
Views
64
Current Estimated Value
$479,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,470
Avg. Annual Appreciation
9.58%
Original Mortgage
$497,100
Outstanding Balance
$490,777
Interest Rate
6.66%
Mortgage Type
Construction
Estimated Equity
-$11,307

Purchase Details

Closed on
Mar 13, 2023
Sold by
Balani Hindraj
Bought by
275 S 10Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.65%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 12, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Balani Hindraj L

Purchase Details

Closed on
Jul 26, 2007
Sold by
Martinez Santos and Mortgage Electronic Registrati
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Abs Cap Inc Trust 2006-Wm

Purchase Details

Closed on
Feb 27, 2006
Sold by
Simpkins Kelli
Bought by
Martinez Santos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.16%

Purchase Details

Closed on
Jun 18, 2004
Sold by
Hill Kimecha
Bought by
Simpkins Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.32%

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
New Country Investments Llc $430,000 Prestige Title
275 S 10Th Llc $350,000 Stewart Title
Balani Hindraj L $140,000 First American Title Ins Co
Deutsche Bank National Trust Co -- Land Title Svcs Of Nj Inc
Martinez Santos $275,000 --
Simpkins Kelli $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Country Investments Llc $497,100
Previous Owner 275 S 10Th Llc $415,000
Previous Owner Martinez Santos $220,000
Previous Owner Simpkins Kelli $184,500
Previous Owner Simpkins Kelli $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $430,000 -4.4% --
12/21/2023 12/21/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $450,000 -- --
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
2024 $6,136 $164,600 $26,100 $138,500
2022 $6,149 $164,600 $26,100 $138,500
2021 $6,146 $164,600 $26,100 $138,500
2020 $6,255 $164,600 $26,100 $138,500
2019 $6,191 $164,600 $26,100 $138,500
2018 $0 $164,600 $26,100 $138,500
2017 $0 $164,600 $26,100 $138,500
2016 $0 $164,600 $26,100 $138,500
2015 -- $164,600 $26,100 $138,500
2014 -- $164,600 $26,100 $138,500
Source: Public Records

Agents Affiliated with this Home

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Source: New Jersey MLS

MLS Number: 23036188

New Jersey MLS

APN: 14-01796-0000-00024