NOT LISTED FOR SALE

3 Ricord St Newark, NJ 07106

Lower Vailsburg Neighborhood
-- Bed
-- Bath
4,043 Sq Ft
1914 Built

Last Sold March 31, 2023

Last sale price $580,000 $143 Per Sq Ft

106 Days on Market

Highlights

  • 2 Car Detached Garage
  • Utility Room
  • Level Lot
  • Detached Carport Space
  • Fenced
  • Radiator

About This Home

As of March 2023

Welcome to the Vailsburg section of Newark where opportunity still knocks. Make this 3-family home your next home or investment property. 1-3 Ricord Street offers over 4,000 sq ft of living space and sits on a 50' x 100' corner lot with a detached 2-car garage. This home is being offered along with the adjacent 25' x 100' vacant lot (5 Ricord Street) which is zoned R-1 and allows for building a one-family home or kept as additional yard space. This means combined property taxes of approximately $8,150 and a total lot size of 7,500 sq ft! All tenants are month-to-month, and the current rents are below market. There is dining, entertaining, and shopping in town or in nearby South Orange and East Orange. And recreation in Vailsburg Park which is in proximity. This home is oil heated with a single furnace and has newer asphalt shingle roof (5 years old).

Last Agent to Sell the Property

James Hughes

KELLER WILLIAMS NJ METRO GROUP Listed on: 12/15/2022

KELLER WILLIAMS NJ METRO GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,510

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 100.00 x 50.00
  • Fenced
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Detached Carport Space

Home Design

  • Asphalt Roof

Interior Spaces

  • 4,043 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Partially Finished Basement
  • Laundry in Basement

Utilities

  • No Cooling
  • Radiator
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric see remarks gas), unit 2 owner pays(electric see remarks gas), unit 3 owner pays(electric see remarks)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,510

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size: 100.00 x 50.00
  • Ownership: Fee Simple
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1914
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Electric,See Remarks,Gas), Unit 2 Owner Pays(Electric,See Remarks,Gas), Unit 3 Owner Pays(Electric,See Remarks)
  • Has Basement: Partially Finished, Utility Room, Laundry Facilities
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,Living Room), Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 4043
  • Stories: 3

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: See Remarks, Level
  • Exterior Features: Sidewalk, Fencing/Wall
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Detached Carport, Garage, Detached, 1-2 Car Parking

Utilities

  • Gas Company: Oil
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 8510

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $580,000 +22.1% $143 / Sq Ft
12/15/2022 12/15/22 For Sale $475,000 -- $117 / Sq Ft
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Hughes

    Seller's Agent in 2023

    James Hughes

    KELLER WILLIAMS NJ METRO GROUP

    (973) 233-7862

    4 in this area

    131 Total Sales

    James Hughes
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Map

Source: All Jersey MLS

MLS Number: 2306776R

All Jersey MLS
New Jersey Essex County Newark 07106 Lower Vailsburg

3 Ricord St, Newark, NJ

Not Listed for Sale

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