Seller's Agent in 2017
John Scipione
EXP REALTY LLC
(201) 841-8935
1 in this area
147 Total Sales
315 16th St Union City, NJ 07087
Estimated Value: $782,062 - $799,000
8
Beds
3
Baths
3,334
Sq Ft
$237/Sq Ft
Est. Value
About This Home
As of January 2017INVESTMENT OPPORTUNITY ~6% Cap Rate based on projected Net Operating Income. Great for someone to live in one unit and rent the other or buy as investment - current rents are far below market! Unit #1 is a large duplex apartment featuring a mother-daughter setup with a kitchen on each floor. The lower level of Unit #1 features a finished basement with a full kitchen, living room, two bedrooms, and a full bathroom. The upper level of Unit #1 features an open layout with another kitchen, a large living room, three bedrooms, and exclusive access to the fenced in backyard. Unit #1 boasts a total of 5 bedrooms and 2 full bathrooms. Unit #2 is on the second floor of the home and also features a kitchen with a large living room, three nice-size bedrooms, and a full bathroom. The units are separately metered and the tenants pay their own utilities. This home is close to schools, restaurants, and transportation. Don't miss out on this investment opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,334
Lot Details
- 2,396
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 8 Bedrooms | 3 Main Level Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- 2 Bedrooms in Basement
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
Additional Features
- Living Room
- Lot Dimensions are 25x95
Community Details
- Insurance Expense $2,500
- Water Sewer Expense $800
Listing and Financial Details
- Exclusions: Owners Personal Belongings.
- Legal Lot and Block 00015 / 00075
- Assessor Parcel Number 1758
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2016
Closed on
Dec 29, 2016
Sold by
Danna Anthony S
Bought by
Turzi Domenic
Seller's Agent
John Scipione
EXP REALTY LLC
Buyer's Agent
Andrew Sanderson
EXP REALTY LLC
List Price
$369,000
Sold Price
$400,000
Premium/Discount to List
$31,000
8.4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,016
Avg. Annual Appreciation
8.03%
Original Mortgage
$392,755
Outstanding Balance
$324,035
Interest Rate
4.16%
Mortgage Type
FHA
Estimated Equity
$464,981
Purchase Details
Closed on
Nov 25, 2015
Sold by
Grant Patricia A and Danna Anthony S
Bought by
Danna Anthony S and Gene W Evans Revocable Trust
Purchase Details
Closed on
Jun 2, 2010
Sold by
Menendez Osbel and Menendez Tania
Bought by
Grant Patricia A and Danna Anthony S
Purchase Details
Closed on
Jul 26, 2005
Sold by
Portela Redner
Bought by
Menendez Osbel and Menendez Tania
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.54%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Nov 28, 2001
Sold by
Beauchamp Joseph
Bought by
Perez Milla Lidia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
6.66%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Apr 29, 1997
Sold by
Esposito Minnie and Rottino Agostino
Bought by
Beauchamp Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Turzi Domenic | $400,000 | None Available | |
| Danna Anthony S | -- | Attorney | |
| Grant Patricia A | $280,000 | -- | |
| Menendez Osbel | $425,000 | Commonwealth Title | |
| Perez Milla Lidia | $212,000 | -- | |
| Beauchamp Joseph | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Turzi Domenic | $392,755 | |
| Previous Owner | Menendez Osbel | $85,000 | |
| Previous Owner | Menendez Osbel | $340,000 | |
| Previous Owner | Perez Milla Lidia | $190,800 | |
| Previous Owner | Beauchamp Joseph | $103,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2017 01/06/17 | Sold | $400,000 | +8.4% | $120 / Sq Ft |
| 10/20/2016 10/20/16 | Pending | -- | -- | -- |
| 10/11/2016 10/11/16 | For Sale | $369,000 | -- | $111 / Sq Ft |
Source: Hudson County MLS
Tax History Compared to Growth
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 | $10,428 | $576,500 | $271,200 | $305,300 |
| 2024 | $12,647 | $564,300 | $264,600 | $299,700 |
| 2023 | $12,647 | $164,500 | $91,200 | $73,300 |
| 2022 | $12,191 | $164,500 | $91,200 | $73,300 |
| 2021 | $12,148 | $164,500 | $91,200 | $73,300 |
| 2020 | $12,010 | $164,500 | $91,200 | $73,300 |
| 2019 | $11,684 | $164,500 | $91,200 | $73,300 |
| 2018 | $11,466 | $164,500 | $91,200 | $73,300 |
| 2017 | $11,357 | $164,500 | $91,200 | $73,300 |
| 2016 | $11,334 | $164,500 | $91,200 | $73,300 |
| 2015 | $11,138 | $164,500 | $91,200 | $73,300 |
| 2014 | $10,896 | $164,500 | $91,200 | $73,300 |
Source: Public Records
Agents Affiliated with this Home
-
John Scipione
-
Andrew Sanderson
Buyer's Agent in 2017
Andrew Sanderson
EXP REALTY LLC
(505) 573-1184
17 in this area
103 Total Sales
-
Y
Buyer Co-Listing Agent in 2017
YUAN ZHANG
KELLER WILLIAMS CITY LIFE REALTY
Map
Source: Hudson County MLS
MLS Number: 160015171
APN: 10-00075-0000-00015
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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