NOT LISTED FOR SALE

331 Magnolia Ave Elizabeth, NJ 07206

Elizabethport Neighborhood
12 Beds
6 Baths
4,500 Sq Ft
2,500 Sq Ft Lot

Last Sold July 15, 2013

Last sale price $365,000 $81 Per Sq Ft

73 Days on Market

Highlights

  • Hot Water Baseboard Heater
  • Elizabeth High School Rated A
  • 5-minute walk to Jackson Park

About This Home

As of July 2013

OPPORTUNITY KNOCKS IN ELIZABETH, NJ! ALL BRICK LEGAL 6 FAMILY IN EXCELLENT CONDITION, FEATURING 6/2 BEDROOMS,UNITS W/SEPARATE HEATING SYSTEMS & WATER TANKS, NEWER RUBBER ROOF (8 YRS), NEW FLOORING IN SOME HALLWAYS & KITCHENS, SOME NEWER WINDOWS, POSSIBLE CELLULAR TOWER LEASE. TENANTS PAY THEIR OWN UTILITIES. RENTS ARE BELOW MARKET VALUE!

Last Agent to Sell the Property

Nick Tortora

Prime Time Real Estate, Inc. License #30TO0871762 Listed on: 03/29/2013

Last Buyer's Agent

Carl Neuhaus

Neuhaus Realty, Inc. License #30NE0595676

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,510

Year Built

  • Built in 1914

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x60

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,500 Sq Ft Home
  • 3-Story Property

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • 220 Volts
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 6 Units
  • Gross Income $54,000

Listing and Financial Details

  • Legal Lot and Block 0774 / 00003
  • Assessor Parcel Number 00003-0774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,510

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Sub Type: 6F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Lot Size: 25X60
  • Modification Timestamp: 2024-09-25
  • Directions: THIRD STREET TO MAGNOLIA
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Approx
  • Year Built: 1914
  • General Property Info:Public Remarks3: OPPORTUNITY KNOCKS IN ELIZABETH, NJ! ALL BRICK LEGAL 6 FAMILY IN EXCELLENT CONDITION, FEATURING 6/2 BEDROOMS,UNITS W/SEPARATE HEATING SYSTEMS & WATER TANKS, NEWER RUBBER ROOF (8 YRS), NEW FLOORING IN SOME HALLWAYS & KITCHENS, SOME NEWER WINDOWS, POSSIBLE CELLULAR TOWER LEASE. TENANTS PAY THEIR OWN UTILITIES. RENTS ARE BELOW MARKET VALUE!
  • ContractLocation Information:List PriceSqFt2: 88.87
  • General Property Info:Tax Abated: No
  • General Property Info:Condition: Good
  • Income Expenses Gross Income: 54000.0
  • Annual Expenses: 20910.0
  • Income Expenses Net Income: 33090.0
  • General Property Info:Year Built Info: Approx
  • General Property Info Bldg Dimensions: 25X60
  • Special Features: None
  • Stories: 3
  • Year Built: 1914

Interior Features

  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: Full
  • Appliances:Total Number Refrigerators: 6
  • Appliances:Total Number Ranges: 6
  • General Property Info Basement Desc: Unfinished

Exterior Features

  • Construction Type: Brick
  • Siding:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking:On Street: Yes

Utilities

  • Green Building Features: Cable
  • Cooling Y N: No
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 6.0
  • General Property Info:Air Conditioner: None
  • Sewer:City3: Yes
  • Electric:_two_20: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Hot Water2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • Extras:Cable3: Yes

Lot Info

  • Lot Size Sq Ft: 2500.0
  • Lot Size Units: Square Feet
  • Parcel #: 00003-0774
  • Zoning: R 2
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 2500.0
  • General Property Info:Lot Dim: 25X100

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 54000.0
  • Property Net Operating Income: 33090.0
  • Annual Operating Expense: 20910.0

Tax Info

  • Tax Annual Amount: 14510.0
  • Tax Block: 00003
  • Tax Lot: 0774
  • General Property Info:Taxes2: 14510.0

Range of Values:

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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 Change Sq Ft Price
07/15/2013 07/15/13 Sold $365,000 0.0% $81 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $365,000 -- $81 / Sq Ft
Source: Staten Island Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nick Tortora

    Prime Time Real Estate, Inc.

    Section Image
  • Carl Neuhaus

    Buyer's Agent in 2013

    Carl Neuhaus

    Neuhaus Realty, Inc.

    (917) 902-2915

    27 Total Sales

    Section Image
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Map

Source: Staten Island Multiple Listing Service

MLS Number: 1081018

Staten Island Multiple Listing Service

New Jersey Union County Elizabeth 07206 Elizabethport

331 Magnolia Ave, Elizabeth, NJ

This home is located at 331 Magnolia Ave, Elizabeth, NJ 07206 since 29 March 2013. This property was built in 1914. 331 Magnolia Ave is a home located in Union County with nearby schools including George Washington School No. 1, Elizabeth High School, and The Patrick School.

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