Seller's Agent in 2025
Marc Sorrentino
VRI Homes
(732) 816-9178
3 in this area
32 Total Sales
317 Richmond St Plainfield, NJ 07060
10
Beds
8
Baths
5,183
Sq Ft
3,049
Sq Ft Lot
Highlights
- 2 Car Direct Access Garage
- Oversized Parking
- Multiple cooling system units
About This Home
As of May 2025Cash cow and cash flow positive investment property located in Plainfield, NJ. Four apartments and 1 commercial space. Three of the apartments have been totally renovated within the last two months. Apartment 1 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 2 is two bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 3 is thre bedrooms and one full bathroom. Occupied. $2,000 per month. Tenant pays electric and gas. Apartment 4 is three bedrooms and one full bathroom. Occupied. $2,200 per month. Tenant pays electric and gas. Garage has two bays and is leased for $5,000 per month. $500 CAM every month. Triple Net property. 13% cap rate.
Last Agent to Sell the Property
VRI Homes Brokerage Phone: 800-531-2885 License #1648911 Listed on: 01/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,255
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 29 x 100
Parking
- 2 Car Direct Access Garage
- Oversized Parking
- Heated Garage
- Workshop in Garage
- On-Street Parking
Home Design
- Quadruplex
Interior Spaces
- 5,183 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 10 Bedrooms
Utilities
- Multiple cooling system units
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 4 Units
- Water Sewer Expense $800
Listing and Financial Details
- Assessor Parcel Number 12-00304-0000-00013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2025
Closed on
May 15, 2025
Sold by
Aces 317 Richmond Llc
Bought by
320 Hamilton Ave Llc
Seller's Agent
Marc Sorrentino
VRI Homes
Buyer's Agent
Yitzy Rosenbaum
Blue Key Realty, LLC
List Price
$1,590,000
Sold Price
$1,200,000
Premium/Discount to List
-$390,000
-24.53%
Views
59
Purchase Details
Closed on
Jul 9, 2020
Sold by
317 Richmond Street Llc
Bought by
Aces 317 Richmond Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
3%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Sep 20, 2010
Sold by
Jd Capital Llc
Bought by
317 Richmond Street Limited Liability Co
Purchase Details
Closed on
Mar 4, 2008
Sold by
Pratts David
Bought by
Jd Capital Llc
Purchase Details
Closed on
Jan 17, 2006
Sold by
Ognam Inc
Bought by
Pratts David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.33%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 11, 2004
Sold by
Martinez Carlos
Bought by
Skyberg Llc
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,200,000 | Fidelity National Title | |
| Deed | $490,000 | Guardian Settlement | |
| Deed | $165,000 | None Available | |
| Deed | -- | Berkshire Abstract Title | |
| Deed | $220,000 | -- | |
| Deed | $286,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $522,000 | Stand Alone First | |
| Previous Owner | $67,000 | Commercial | |
| Previous Owner | $32,000 | Commercial | |
| Previous Owner | $125,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | Sold | $1,200,000 | -14.0% | $232 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/06/2025 03/06/25 | Price Changed | $1,395,000 | -12.3% | $269 / Sq Ft |
| 01/13/2025 01/13/25 | For Sale | $1,590,000 | 0.0% | $307 / Sq Ft |
| 10/31/2024 10/31/24 | Pending | -- | -- | -- |
| 09/18/2024 09/18/24 | For Sale | $1,590,000 | 0.0% | $307 / Sq Ft |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 06/27/2024 06/27/24 | For Sale | $1,590,000 | -- | $307 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
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 |
|---|---|---|---|---|
| 2024 | $11,255 | $126,700 | $28,700 | $98,000 |
| 2023 | $11,255 | $126,700 | $28,700 | $98,000 |
| 2022 | $11,029 | $126,700 | $28,700 | $98,000 |
| 2021 | $10,878 | $126,700 | $28,700 | $98,000 |
| 2020 | $10,848 | $126,700 | $28,700 | $98,000 |
| 2019 | $10,844 | $126,700 | $28,700 | $98,000 |
| 2018 | $10,372 | $126,700 | $28,700 | $98,000 |
| 2017 | $10,362 | $126,700 | $28,700 | $98,000 |
| 2016 | $10,128 | $126,700 | $28,700 | $98,000 |
| 2015 | $9,878 | $126,700 | $28,700 | $98,000 |
| 2014 | -- | $126,700 | $28,700 | $98,000 |
Source: Public Records
Agents Affiliated with this Home
-
Marc Sorrentino
-
Yitzy Rosenbaum
Y
Buyer's Agent in 2025
Yitzy Rosenbaum
Blue Key Realty, LLC
(203) 482-0102
1 in this area
40 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22418132
APN: 12-00304-0000-00013
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