3-5 Ferdinand St Newark, NJ 07103
Fairmount NeighborhoodEstimated payment $4,599/month
About This Lot
Vacant lot located in the R-2 District, where it permits 1 - 3 family dwellings and townhouses. It also permits conditional low rise multi-family dwellings. There are multi-family buildings in the area. On the opposite corner of the block, there is a 3-story, 16-unit multi-family building that is currently under construction. This property can support a 3 story, 15-unit multi-family building. Close proximity to everything all major public transportation. BUYER MUST UNDERTAKE THE NECESSARY DUE DILIGENCE BEFORE SUBMITTING AN OFFER. THE POTENTIAL TO DEVELOP THE LAND IS WITHIN REACH! View and send offers asap!
Listing Agent
Keller Williams Park Views Brokerage Phone: (201) 640-0487 Listed on: 06/04/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,237
Listing and Financial Details
- Legal Lot and Block 00009 / 01789
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,237 | $60,000 | $60,000 | -- |
| 2024 | $2,237 | $60,000 | $60,000 | $0 |
| 2022 | $1,868 | $50,000 | $50,000 | $0 |
| 2021 | $695 | $18,600 | $18,600 | $0 |
| 2020 | $707 | $18,600 | $18,600 | $0 |
| 2019 | $700 | $18,600 | $18,600 | $0 |
| 2018 | $687 | $18,600 | $18,600 | $0 |
| 2017 | $662 | $18,600 | $18,600 | $0 |
| 2016 | $640 | $18,600 | $18,600 | $0 |
| 2015 | $615 | $18,600 | $18,600 | $0 |
| 2014 | $577 | $18,600 | $18,600 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Pending | -- | -- | -- |
| 06/04/2024 06/04/24 | For Sale | $799,000 | +415.5% | -- |
| 08/04/2021 08/04/21 | Sold | $155,000 | 0.0% | -- |
| 08/03/2021 08/03/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | For Sale | $155,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $155,000 | Madison Title Agency Llc | |
| Bargain Sale Deed | $18,000 | Ctl Title Insurence Agency | |
| Deed | $1,000 | None Available | |
| Deed | $335,000 | -- | |
| Deed | $85,000 | -- | |
| Deed | $80,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $268,000 | Purchase Money Mortgage |
Source: New Jersey MLS
MLS Number: 24017466
APN: 14-01789-01-00009
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