$750,000
SOLD MAY 30, 2025

314 Amherst St East Orange, NJ 07018

10 Beds
3 Baths
-- Sq Ft
2,601 Sq Ft Lot

Recently Sold

7% Above List Price

46 Days on Market

About This Home

As of May 2025

Prime 3-Family Investment Opportunity in East Orange - Fully Vacant & Renovated! Unlock the potential of this cash-flowing investment property! This fully renovated 3-family home in the heart of East Orange offers 10 bedrooms and 3 bathrooms, providing an incredible opportunity for investors or owner-occupants looking to maximize rental income. Spacious Layout - Large multi-family home with generous living space in each unit. Turnkey Investment - Fully renovated with modern finishes, move-in ready for tenants or homeowners. High Rental Potential - Ideal for long-term tenants or house hacking. Prime Location - Nestled on a great street, close to all major highways and public transportation, ensuring easy commutes to NYC and beyond. Investor's dream!!

Last Agent to Sell the Property

Maureen Yetman

Century 21 Thomson & Co. Listed on: 03/01/2025

Century 21 Thomson & Co.

Last Buyer's Agent

Kim Leonelli

Coldwell Banker, Alpine/Closter

Coldwell Banker, Alpine/Closter

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,810

Home Design

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in unit
  • 2,601 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 22 / 481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,810

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 732-945-7035
  • MLS Status: Sold - Sold
  • Directions: ELMWOOD AVE TO AMHERST
  • 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: 10

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Size Sq Ft: 2601.0

Tax Info

  • Tax Annual Amount: 11810.0
  • Tax Block: 481
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2025
Closed on
May 16, 2025
Sold by
Rj Property Owner Llc
Bought by
Welch Paul and Welch Alvin
Seller's Agent
Maureen Yetman
Century 21 Thomson & Co.
Buyer's Agent
Kim Leonelli
Coldwell Banker, Alpine/Closter
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-52.00%
Original Mortgage
$722,425
Outstanding Balance
$721,804
Interest Rate
6.76%
Mortgage Type
FHA
Estimated Equity
-$35,028

Purchase Details

Closed on
Sep 22, 2021
Sold by
Newark Property Owner 2 Llc
Bought by
Rj Property Owner Llc

Purchase Details

Listed on
Apr 19, 2019
Closed on
Nov 15, 2019
Sold by
Stern and Franknbrg
Bought by
Newark Property Owner 2
Seller's Agent
Pamela Taylor
BHHS JORDAN BARIS REALTY
Buyer's Agent
Pamela Taylor
BHHS JORDAN BARIS REALTY
List Price
$99,900
Sold Price
$163,000
Premium/Discount to List
$63,100
63.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.93%

Purchase Details

Closed on
Mar 10, 2005
Sold by
Mciver Lavonne
Bought by
Kellogg Trecia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
5.64%

Purchase Details

Closed on
Apr 24, 1996
Sold by
Fortier Carol
Bought by
Mciver Lavonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.77%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $750,000 Main Street Title & Settlement
Interfamily Deed Transfer -- Accommodation
Warranty Deed $163,000 None Available
Deed $223,500 --
Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $722,425 FHA
Previous Owner $193,500 No Value Available
Previous Owner $70,000 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Rent $2,600 0.0% --
05/30/2025 05/30/25 Sold $750,000 +7.3% --
04/16/2025 04/16/25 Pending -- -- --
04/16/2025 04/16/25 Off Market $699,000 -- --
03/01/2025 03/01/25 For Sale $699,000 +328.8% --
11/15/2019 11/15/19 Sold $163,000 +63.2% --
09/06/2019 09/06/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $99,900 -- --
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
2024 $11,912 $376,000 $76,900 $299,100
2022 $10,927 $376,000 $76,900 $299,100
2021 $12,318 $222,300 $42,500 $179,800
2020 $9,206 $168,300 $42,500 $125,800
2019 $9,088 $168,300 $42,500 $125,800
2018 $8,975 $168,300 $42,500 $125,800
2017 $8,725 $168,300 $42,500 $125,800
2016 $8,588 $168,300 $42,500 $125,800
2015 $8,378 $168,300 $42,500 $125,800
2014 $8,260 $168,300 $42,500 $125,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25006526

New Jersey MLS

APN: 05-00481-0000-00022