$155,000
SOLD APR 5, 2021 RENTED SEP 27, 2024

361 Franklin St Unit 22 Bloomfield, NJ 07003

2 Beds
2 Baths
-- Sq Ft
$180/mo HOA Fee

Recently Sold

28% Below List Price

48 Days on Market

Highlights

  • 0.48 Acre Lot
  • Living Room
  • En-Suite Primary Bedroom
  • Formal Dining Room
  • Storage Room
  • 3-minute walk to Watsessing Park Playground

About This Home

As of April 2021

*** Cash only transaction, not Fannie Mae approved and due to Covid 19 restrictions unable to find portfolio lenders . Well maintained 2 bedroom, 2 bath condo right in the center of downtown. in unit Laundry, each unit has their own heat and c/air, private storage room in basement.

Last Agent to Sell the Property

DAN GRAY

WEICHERT REALTORS Listed on: 11/24/2020

Last Buyer's Agent

DAN GRAY

WEICHERT REALTORS Listed on: 11/24/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,283

Year Built

  • Built in 1988

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Separate Shower

Schools

  • Bloomfield Middle School
  • Bloomfield High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 1602-00303-0000-00005-0000-C0022
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, sewer fees, snow removal, trash collection, water fees

Amenities

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,283

Year Built

Built in 1988

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1988
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 361
  • Directions: On Franklin near Montgomery St, next to fire dept, usually parking avail on Franklin St on weekends, if not space 22 in rear lot off JFK PKY
  • I D: 5034418
  • Modified: 2022-04-06
  • Number Images: 14
  • Section Subdiv Development: Franklin Ter Condominiums
  • First Name: DAN
  • First Name3: DAN
  • Last Name: GRAY
  • Last Name3: GRAY
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate
  • Floor Number: 2
  • Appliances: Dishwasher, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full
  • Basement Level Rooms: SeeRem, Storage Room
  • Dining Room Level: Second
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Galley Type
  • Kitchen Level: Second
  • Living Room Level: Second
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Living Room
  • Phone: 973-746-1515

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: 1 Car Width, Assigned

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Association

Condo/Co-op/Association

  • Amenities: Storage
  • Association Maintenance Fee: 180
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Sewer Fees, Snow Removal, Trash Collection, Water Fees

Schools

  • Middle School: BLOOMFIELD
  • High School: BLOOMFIELD
  • High School: BLOOMFIELD
  • Middle Jr High School: BLOOMFIELD

Lot Info

  • Lot Size: .48 ACS
  • Assessed Improvement Value: 90700
  • Assessed Land Value: 80000
  • Assessment: 170700
  • Lot Description: Level Lot
  • Lot Identifier: 5
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.48

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5283
  • Assessor Parcel Number: 1602-00303-0000-00005-0000-C0022
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.095
  • Tax Rate Year: 2020
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2020
Closed on
Apr 23, 2021
Sold by
Loyal Valley Investments Llc
Bought by
Dynamic Global Llc
Seller's Agent
DAN GRAY
WEICHERT REALTORS
Buyer's Agent
DAN GRAY
WEICHERT REALTORS
List Price
$215,000
Sold Price
$155,000
Premium/Discount to List
-$60,000
-27.91%
Current Estimated Value
$246,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,000
Avg. Annual Appreciation
11.48%

Purchase Details

Listed on
Nov 24, 2020
Closed on
Apr 5, 2021
Sold by
Dennis William H and Dennis James R
Bought by
Loyal Valley Investments Llc
Seller's Agent
DAN GRAY
WEICHERT REALTORS
Buyer's Agent
DAN GRAY
WEICHERT REALTORS
List Price
$215,000
Sold Price
$155,000
Premium/Discount to List
-$60,000
-27.91%

Purchase Details

Closed on
Dec 14, 1989
Sold by
Franklin Terr Condos
Bought by
Dennis Lynn
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Bargain Sale Deed $175,000 Bespoke Ttl & Setmnt Svcs Ll
Deed $155,000 Bespoke Ttl & Setmnt Svcs Ll
Deed $135,600 --
Deed $135,600 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Rented $2,400 0.0% --
09/16/2024 09/16/24 Price Changed $2,400 -2.0% --
08/25/2024 08/25/24 Price Changed $2,450 -2.0% --
08/11/2024 08/11/24 Price Changed $2,500 -2.0% --
08/02/2024 08/02/24 Price Changed $2,550 -1.9% --
07/13/2024 07/13/24 Price Changed $2,600 -5.5% --
06/21/2024 06/21/24 For Rent $2,750 0.0% --
04/05/2021 04/05/21 Sold $155,000 -8.8% --
01/22/2021 01/22/21 Pending -- -- --
01/07/2021 01/07/21 Price Changed $170,000 -20.9% --
12/04/2020 12/04/20 For Sale $215,000 -- --
Source: Garden State 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 $5,578 $170,700 $80,000 $90,700
2022 $5,466 $170,700 $80,000 $90,700
2021 $5,365 $170,700 $80,000 $90,700
2020 $5,283 $170,700 $80,000 $90,700
2019 $5,554 $139,500 $59,000 $80,500
2018 $4,989 $139,500 $59,000 $80,500
2017 $4,974 $139,500 $59,000 $80,500
2016 $5,385 $139,500 $59,000 $80,500
2015 $5,336 $139,500 $59,000 $80,500
2014 $5,651 $150,500 $70,000 $80,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3680432

Garden State MLS

APN: 02-00303-0000-00005-0000-C002B