NOT LISTED FOR SALE

358 Grove St Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $661,000 - $714,000

6 Beds
5 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold December 20, 2023

Last sale price $600,000

Est. 12% increase in value since last sale

Current estimated payment $4,387/month

20 Days on Market

About This Home

As of December 2023

ell maintained two-family home built in 2006 with a solid brick exterior on corner lot, perfect for both investors and owner occupants looking to offset their mortgage. Inside each unit, you'll find hardwood flooring throughout, with a spacious living / dining combo adjacent to the eat-in-kitchen, three bedrooms including a spacious primary, two full baths, ample closet space and 2 private balconies. The finished ground floor area is includes a full bath and offers versatile living space, ideal as a recreation room, laundry, home office, or storage. Forget the hassle of street parking thanks to the two-car garage. Bonus low taxes under 9k. This is an excellent corner lot property that is well maintained and, with just a touch of TLC, can reach its full potential.

Last Agent to Sell the Property

Silvio Lavrador

RE/MAX SELECT - Montclair Listed on: 10/13/2023

RE/MAX SELECT - Montclair

Last Buyer's Agent

Angela Vargas

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,717

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00046 / 01789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,717

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 761-0061
  • MLS Status: Sold - Sold
  • Directions: Grove St Going north. Corner of Grove and Ferdinand.
  • Architectural Style: 2 Family
  • Year Built Details: 2000's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 8717.0
  • Tax Block: 01789
  • Tax Lot: 00046

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 18, 2023
Sold by
Lyons Claudia
Bought by
Arrobo Sarango Moises and Quezada Pinzon Gloria
Seller's Agent
Silvio Lavrador
RE/MAX SELECT - Montclair
Buyer's Agent
Angela Vargas
EXP Realty, LLC
List Price
$569,900
Sold Price
$600,000
Premium/Discount to List
$30,100
5.28%
Views
52
Current Estimated Value
$671,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,087
Avg. Annual Appreciation
9.45%
Original Mortgage
$480,000
Outstanding Balance
$472,754
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$223,596

Purchase Details

Closed on
Jun 30, 2006
Sold by
Mp Housing Development Corp
Bought by
Nwanganga Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.83%

Purchase Details

Closed on
Oct 13, 2003
Sold by
City Of Newark
Bought by
Mp Housing Development Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Arrobo Sarango Moises $600,000 Allied Title
Nwanganga Joyce $460,000 --
Mp Housing Development Corp $60,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrobo Sarango Moises $480,000
Previous Owner Lyons Claudia $14,985
Previous Owner Nwanganga Joyce $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $600,000 +5.3% --
11/02/2023 11/02/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $569,900 +128.0% --
05/21/2018 05/21/18 Sold $250,000 +92.3% --
01/25/2018 01/25/18 Pending -- -- --
09/18/2017 09/18/17 For Sale $130,000 -- --
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
2025 $8,552 $229,400 $20,200 $209,200
2024 $8,552 $229,400 $20,200 $209,200
2022 $8,570 $229,400 $20,200 $209,200
2021 $8,566 $229,400 $20,200 $209,200
2020 $8,717 $229,400 $20,200 $209,200
2019 $8,628 $229,400 $20,200 $209,200
2018 $8,472 $229,400 $20,200 $209,200
2017 $8,167 $229,400 $20,200 $209,200
2016 $7,891 $229,400 $20,200 $209,200
2015 $7,591 $229,400 $20,200 $209,200
2014 $7,114 $229,400 $20,200 $209,200
Source: Public Records

Agents Affiliated with this Home

  • Silvio Lavrador

    Seller's Agent in 2023

    Silvio Lavrador

    RE/MAX

    (908) 591-1433

    9 in this area

    73 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Angela Vargas

    EXP Realty, LLC

    (866) 201-6210

    1 in this area

    3 Total Sales

    Section Image

  • L

    Seller's Agent in 2018

    LEON BROWN

    CENTURY 21 PREFERRED REALTY, INC

See All Agents

Map

Source: New Jersey MLS

MLS Number: 23031682

New Jersey MLS

APN: 14-01789-0000-00046

New Jersey Essex County Newark 07103 Fairmount

358 Grove St, Newark, NJ

This home is located at 358 Grove St, Newark, NJ 07103 since 13 October 2023 and is currently estimated at $696,350. 358 Grove St is a home located in Essex County with nearby schools including Lincoln Elementary School, Hawthorne Avenue Elementary School, and Louise A. Spencer School.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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