NOT LISTED FOR SALE

2807 Central Ave Union City, NJ 07087

Estimated Value: $881,000 - $1,308,530

6 Beds
4 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold May 17, 2024

Last sale price $1,275,000

Est. 15% decrease in value since last sale

Current estimated payment $6,930/month

21 Days on Market

About This Home

As of May 2024

Introducing an unparalleled investment opportunity: a meticulously renovated 3-family property, boasting the rare advantage of all three units being vacant upon purchase. This modern gem features a convenient garage offering two individual parking spots, complemented by brand new laundry units accessible from each of the three units. The first-floor duplex presents an ideal entry point for aspiring investors, with 2, additional, 2 BR units above, each requiring no additional effort to start generating returns. With a turnkey setup, buyers can seamlessly begin building equity from day one. Located a mere 10 minutes from NYC via public transportation, and surrounded by a vibrant array of restaurants and nightlife, this property promises an exceptional investment prospect. Don't miss out on this home-run opportunity!

Last Agent to Sell the Property

DOREEN DECOSMIS

Corcoran Infinity Properties, Edgewater Listed on: 03/18/2024

Last Buyer's Agent

Grace Perez

Coldwell Banker, Hillsdale

Coldwell Banker, Hillsdale

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,838

Lot Details

  • 2,483

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Laundry in Basement
  • Lot Dimensions are 26x96

Listing and Financial Details

  • Legal Lot and Block 00014 / 00159

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,838

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) 547-1500
  • MLS Status: Sold - Sold
  • Directions: Between Bergenline &. Summit
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Renovated,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Remarks: Finished

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Dimensions: 26x96

Tax Info

  • Tax Annual Amount: 13838.0
  • Tax Block: 00159
  • Tax Lot: 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
May 15, 2024
Sold by
Ramirez-Walker Walker Q and Ramirez-Walker Thamara
Bought by
Shah Manthan and Choudhari Neha
Seller's Agent
DOREEN DECOSMIS
Corcoran Infinity Properties, Edgewater
Buyer's Agent
Grace Perez
Coldwell Banker, Hillsdale
List Price
$1,100,000
Sold Price
$1,275,000
Premium/Discount to List
$175,000
15.91%
Views
85
Current Estimated Value
$1,084,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$190,367
Avg. Annual Appreciation
-10.16%
Original Mortgage
$1,147,500
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2023
Closed on
Nov 3, 2023
Sold by
Castillo Eileen M
Bought by
Ramirez-Walker Walker O and Ramirez-Walker Thamara
Seller's Agent
Gustavo Santacruz
ACCESS HOMES REALTY
Buyer's Agent
Soha Fontaine
REMAX ON THE HUDSON
List Price
$750,000
Sold Price
$790,000
Premium/Discount to List
$40,000
5.33%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
146.74%
Original Mortgage
$592,500
Interest Rate
7.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 1995
Sold by
Garcia Juan Jose and Garcia Maria
Bought by
Madera Jose A and Marrero Juana
Source: Public Records

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
Shah Manthan $1,275,000 Realsafe Title
Shah Manthan $1,275,000 Realsafe Title
Ramirez-Walker Walker O $790,000 Simplicity Title
Ramirez-Walker Walker O $790,000 Simplicity Title
Madera Jose A $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shah Manthan $1,147,500
Previous Owner Ramirez-Walker Walker O $592,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $1,275,000 +15.9% --
04/08/2024 04/08/24 Pending -- -- --
03/18/2024 03/18/24 For Sale $1,100,000 +39.2% --
11/06/2023 11/06/23 Sold $790,000 0.0% -- View Prior Sale
03/16/2023 03/16/23 Pending -- -- --
03/16/2023 03/16/23 Off Market $790,000 -- --
03/09/2023 03/09/23 For Sale $750,000 -- --
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
2025 $14,560 $1,168,400 $295,600 $872,800
2024 $13,838 $787,900 $288,100 $499,800
2023 $13,838 $180,000 $75,000 $105,000
2022 $13,340 $180,000 $75,000 $105,000
2021 $13,293 $180,000 $75,000 $105,000
2020 $13,142 $180,000 $75,000 $105,000
2019 $12,785 $180,000 $75,000 $105,000
2018 $12,546 $180,000 $75,000 $105,000
2017 $12,427 $180,000 $75,000 $105,000
2016 $12,402 $180,000 $75,000 $105,000
2015 $12,188 $180,000 $75,000 $105,000
2014 $11,923 $180,000 $75,000 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24008003

New Jersey MLS

APN: 10-00159-0000-00014