$1,250,000
SOLD SEP 18, 2024

358 Undercliff Ave Unit 360 Edgewater, NJ 07020

6 Beds
2 Baths
2,594 Sq Ft
4,312 Sq Ft Lot

Recently Sold

$482 Per Sq Ft

6% Below List Price

119 Days on Market

About This Home

As of September 2024

This is the ultimate 2 family investment property in the heart of Edgewater. This one defines house hack, live in one & rent out the other side or rent out both & get well over $7000 a month in rent. Unit 1 is a 3 bed, 1 bath + sunroom & the work is already done for you. You'll love your new chef's kitchen which opens to the living room.The bathroom is also renovated with a double sink, European marble tile & a beautiful soaking tub. The Unit 2 is also a 3 bed, 1 bath plus sunroom w/ the opp to add value and open up the kitchen like the first unit. Updates include: roof, boiler, double hang windows, electric & plumbing are all less than 5 years old and a new staircase to the attic. HW floors throughout, side & back yards & best of all 3 separate parking spots & 6 if you want to park in front of each spot! Also a large basement for the storage. Best of all, you have an opp to assume the Sellers mortgage with a 2.5 rate and save thousands of dollars per month. Don't be late on this.

Last Agent to Sell the Property

Darren Giordano

EXP Realty, LLC Listed on: 09/19/2023

EXP Realty, LLC

Last Buyer's Agent

Tony Lee

Proper Estates, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,808

Lot Details

  • 4,312 Sq Ft Lot
  • Lot Dimensions are 49x88

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Laundry in Basement

Listing and Financial Details

  • Legal Lot and Block 00011 / 00062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,808

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, In Unit
  • Co List Office Phone: (866) 201-6210
  • MLS Status: Sold - Sold
  • Directions: Undercliff Ave & Hilliard Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,2020's,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Remarks: full with storage & washer/dryer

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Dimensions: 49x88
  • Lot Size Sq Ft: 4312.0

Tax Info

  • Tax Annual Amount: 11808.0
  • Tax Block: 00062
  • Tax Lot: 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Aug 2, 2024
Sold by
Huh Jonathan Y and Lee Sarah
Bought by
Jo Jaehyun and Lee Jonathan
Seller's Agent
Darren Giordano
EXP Realty, LLC
Buyer's Agent
Tony Lee
Proper Estates, Inc.
List Price
$1,329,000
Sold Price
$1,250,000
Premium/Discount to List
-$79,000
-5.94%
Views
154
Current Estimated Value
$1,220,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,461
Avg. Annual Appreciation
-3.09%
Original Mortgage
$869,962
Interest Rate
6.46%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $1,250,000 Green Label Title
Bargain Sale Deed $1,250,000 Green Label Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $869,962 New Conventional
Previous Owner $869,962 New Conventional
Previous Owner $869,962 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $1,250,000 -3.8% $482 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
11/03/2023 11/03/23 Price Changed $1,299,000 -2.3% $501 / Sq Ft
09/19/2023 09/19/23 For Sale $1,329,000 +66.1% $512 / Sq Ft
01/10/2020 01/10/20 Sold $800,000 -5.9% $308 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $850,000 -- $328 / Sq Ft
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 $12,144 $790,800 $332,200 $458,600
2023 $11,813 $760,400 $314,400 $446,000
2022 $11,813 $732,800 $299,400 $433,400
2021 $11,008 $488,600 $247,200 $241,400
2020 $9,309 $478,600 $247,200 $231,400
2019 $9,074 $478,600 $247,200 $231,400
2018 $8,773 $478,600 $247,200 $231,400
2017 $8,615 $478,600 $247,200 $231,400
2016 $8,514 $478,600 $247,200 $231,400
2015 $7,899 $478,600 $247,200 $231,400
2014 $7,641 $478,600 $247,200 $231,400
Source: Public Records

Agents Affiliated with this Home

  • Darren Giordano

    Seller's Agent in 2024

    Darren Giordano

    EXP Realty, LLC

    (201) 723-3300

    1 in this area

    125 Total Sales

    Darren Giordano
    Section Image
  • Tony Lee

    Buyer's Agent in 2024

    Tony Lee

    Proper Estates, Inc.

    (917) 561-6916

    5 in this area

    64 Total Sales

    Tony Lee
    Section Image
  • Brian Kim

    Buyer Co-Listing Agent in 2024

    Brian Kim

    Proper Estates, Inc.

    (201) 298-3558

    40 in this area

    585 Total Sales

    Brian Kim
    Section Image
  • Maria Rini

    Seller's Agent in 2020

    Maria Rini

    RE/MAX

    (201) 615-4783

    138 Total Sales

    Maria Rini
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Map

Source: New Jersey MLS

MLS Number: 23029039

New Jersey MLS

APN: 13-00062-0000-00011

New Jersey Bergen County Edgewater 07020

358 Undercliff Ave Unit 360, Edgewater, NJ

This home is located at 358 Undercliff Ave Unit 360, Edgewater, NJ 07020 and is currently priced at $1,250,000, approximately $481 per square foot. 358 Undercliff Ave Unit 360 is a home located in Bergen County with nearby schools including Eleanor Van Gelder Elementary School and Christ the Teacher Academy.

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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

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

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