NOT LISTED FOR SALE

283 Mortimer Ave Rutherford, NJ 07070

Estimated Value: $764,506 - $865,000

4 Beds
2 Baths
2,091 Sq Ft
$382/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $540,000 $258 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,331/month

9 Days on Market

About This Home

As of July 2022

A rare gem to find a large 2 family house located in the heart of Rutherford. Home is walking distance to downtown area where all restaurants and shopping are located. Convenient to NYC transportation by bus or train and centrally located by all schools. House boasts high ceiling on 1st floor with large living room, kitchen & dining area, 2 bedrooms, and full bathroom. Basement is accessed through the bathroom on the 1st floor. The 2nd floor has large living room areas, 2 bedrooms, kitchen, and bathroom. There is a spacious attic for additional storage. Basement is accessed through the bathroom on the 1st floor. Basement provides laundry units & storage, as well as separate gas & electric meters. Parking is street parking. Need some TLC but has a lot of potential. Don't miss out on this great property with good rental income. This sale is strictly "AS IS" condition.

Last Agent to Sell the Property

Hong (Hannah) Lee

C Land Realty Co. Listed on: 06/15/2022

Last Buyer's Agent

Hong (Hannah) Lee

C Land Realty Co. Listed on: 06/15/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,034

Lot Details

  • 4,831

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 4,831 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00002 / 00059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,034

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 201-917-3830
  • MLS Status: Sold - Sold
  • Directions: W. Passaic ave. to Mortimer Ave.
  • Architectural Style: 2 Family
  • Year Built Details: Pre 1900,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Remarks: Laundry, Storage

Exterior Features

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

Lot Info

  • Lot Dimensions: 4831
  • Lot Size Sq Ft: 4831.0

Tax Info

  • Tax Annual Amount: 13034.0
  • Tax Block: 00059
  • Tax Lot: 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 11, 2022
Sold by
Lee Choon S and Lee In A
Bought by
Maxwell Susan
Seller's Agent
Hong (Hannah) Lee
C Land Realty Co.
Buyer's Agent
Hong (Hannah) Lee
C Land Realty Co.
List Price
$569,000
Sold Price
$540,000
Premium/Discount to List
-$29,000
-5.1%
Current Estimated Value
$798,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,127
Avg. Annual Appreciation
11.88%
Source: Public Records
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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
Maxwell Susan $540,000 First American Title
Maxwell Susan $540,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2022 07/13/22 Sold $540,000 -5.1% $258 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $569,000 -- $272 / Sq Ft
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 $13,892 $445,100 $254,600 $190,500
2024 $13,540 $445,100 $254,600 $190,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22021907

New Jersey MLS

APN: 56-00059-0000-00002