NOT LISTED FOR SALE

291 Osborne Terrace Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $599,000 - $647,000

9 Beds
3 Baths
-- Sq Ft
4,500 Sq Ft Lot

Last Sold April 10, 2023

Last sale price $450,000

Est. 40% increase in value since last sale

Current estimated payment $4,122/month

224 Days on Market

About This Home

As of April 2023

Come see this Investment property that awaits you. Come see this three-family property with Unit 1 featuring four bedrooms and one bath, Unit 2- three bedrooms, one bath and Unit 3- two bedrooms one bath. ALL with plenty of natural sunlight, garage/ driveway, unfinished basement and separate utilities. Close to Parks, restaurants, shopping, public transportation, major highways and NYC. To preview this property, please call Ascensao Gutierrez at 973-207-0956

Last Agent to Sell the Property

Jorge Velasquez

RE/MAX Professionals 1 Listed on: 07/13/2022

Last Buyer's Agent

Luisa Pauta

World Class Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,474

Lot Details

  • 4,500 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00015 / 03605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,474

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 973-450-4000
  • MLS Status: Sold - Sold
  • Directions: Renner Ave. to Osborne Terr.
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 9

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 4500.0

Tax Info

  • Tax Annual Amount: 8474.0
  • Tax Block: 03605
  • Tax Lot: 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Mar 14, 2023
Sold by
291 Osborne Llc
Bought by
Guaman Segundo Avelino and Huerta Maria Luisa
Seller's Agent
Jorge Velasquez
RE/MAX Professionals 1
Buyer's Agent
Luisa Pauta
World Class Realty Group
List Price
$565,000
Sold Price
$450,000
Premium/Discount to List
-$115,000
-20.35%
Views
16
Current Estimated Value
$629,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,372
Avg. Annual Appreciation
12.96%

Purchase Details

Closed on
Oct 24, 2017
Sold by
Nationstar Mtg Llc
Bought by
291 Osborne Llc

Purchase Details

Closed on
Apr 29, 2011
Sold by
Garrett Charles and Garrett Charles
Bought by
Garrett Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,440
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1998
Sold by
New Jersey Equitable Realty Co
Bought by
Garrett Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,850
Interest Rate
6.9%

Purchase Details

Closed on
Aug 18, 1995
Sold by
Nj Equitable Realty
Bought by
The Tillis Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.8%

Purchase Details

Closed on
Dec 29, 1994
Sold by
Fontoura Armando
Bought by
N J Equitable Realty
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
Guaman Segundo Avelino $450,000 Fidelity National Title
291 Osborne Llc $210,000 --
Garrett Charles -- Multiple
Garrett Charles $3,012,700 --
The Tillis Co $50,000 --
N J Equitable Realty $24,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 291 Osborne Llc $304,600
Previous Owner Garrett Charles $246,440
Previous Owner Garrett Charles $227,500
Previous Owner Garrett Charles $182,000
Previous Owner Garrett Charles $121,974
Previous Owner Garrett Charles $126,850
Previous Owner The Tillis Co $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2023 04/10/23 Sold $450,000 -20.0% --
02/22/2023 02/22/23 Pending -- -- --
12/06/2022 12/06/22 Price Changed $562,500 -0.4% --
07/13/2022 07/13/22 For Sale $565,000 -- --
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 $8,313 $223,000 $30,000 $193,000
2024 $8,313 $223,000 $30,000 $193,000
2022 $8,331 $223,000 $30,000 $193,000
2021 $8,327 $223,000 $30,000 $193,000
2020 $8,474 $223,000 $30,000 $193,000
2019 $8,387 $223,000 $30,000 $193,000
2018 $8,235 $223,000 $30,000 $193,000
2017 $7,689 $223,000 $30,000 $193,000
2016 $7,421 $223,000 $30,000 $193,000
2015 $7,129 $223,000 $30,000 $193,000
2014 $6,665 $223,000 $30,000 $193,000
Source: Public Records

Agents Affiliated with this Home

  • Jorge Velasquez

    Seller's Agent in 2023

    Jorge Velasquez

    RE/MAX

    (973) 418-0425

    10 in this area

    224 Total Sales

    Jorge Velasquez
    Section Image
  • Luisa Pauta

    Buyer's Agent in 2023

    Luisa Pauta

    World Class Realty Group

    (908) 265-6153

    1 in this area

    10 Total Sales

    Luisa Pauta
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22026402

New Jersey MLS

APN: 14-03605-0000-00015

New Jersey Essex County Newark 07112 Weequahic

291 Osborne Terrace, Newark, NJ

This home is located at 291 Osborne Terrace, Newark, NJ 07112 since 13 July 2022 and is currently estimated at $629,372. 291 Osborne Terrace is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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