NOT LISTED FOR SALE

363 Macarthur Ave Garfield, NJ 07026

Estimated Value: $338,000 - $599,000

6 Beds
2 Baths
1,056 Sq Ft
$461/Sq Ft Est. Value

Last Sold January 30, 2019

Last sale price $215,000 $204 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,430/month

60 Days on Market

Highlights

  • Views to the East
  • Main Floor Primary Bedroom
  • Rectangular Lot
  • Property is near a park
  • Baseboard Heating

About This Home

As of January 2019

Cash offers only (or rehab loan). Great investment opportunity in a good neighborhood. Legal 2 Family, 25x100 lot, Zoned R-1 (1 and 2 Family Residential). 3 Bedroom, 1 Full Bath, Living Room, Dining Room in each unit/floor. All utilities separate (heat, gas, electric). Two entrances for 1st floor. Near Route Train, bus, 46, GSP, 17, 80. Building appears to be larger, possibly double the size, than tax record implies. Being sold as-is. Property is NOT distressed or bank owned. Top floor needs TLC and some updating. Seller is a licensed real estate agent. Complete investment analysis -- projections, rental comps etc -- available for serious investors.

Last Agent to Sell the Property

James Malki

JMichaels Realty LLC Listed on: 11/05/2018

Last Buyer's Agent

James Malki

JMichaels Realty LLC Listed on: 11/05/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,152

Lot Details

  • 2,500 Sq Ft Lot
  • Rectangular Lot

Property Views

  • Views to the East

Home Design

  • Built between 1900 - 1939
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 022100125 00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,152

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/Trans, 1st Flr Mbdrm, One Floor Living
  • Views/Exposure: East
  • Year Built: 1900-1939
  • Miscellaneous: Hdwd As In
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 10
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: None
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick

Garage/Parking

  • Garage: None

Utilities

  • Heating: Baseboard, Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Win/AC

Lot Info

  • County Name: BERGEN
  • Locale: 400
  • Lot: 00017
  • Lot Dimensions: 25x100
  • Estimated Lot Sq Ft: 2500
  • Lot Description: Regular

Tax Info

  • Tax: 6152
  • Assessor Parcel Number: 022100125 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2021
Sold by
Simone Michael J
Bought by
363 Macarthur Ave Garfield Llc
Current Estimated Value
$486,564

Purchase Details

Closed on
Dec 11, 2019
Sold by
363 Macarthur Ave Garfield Llc
Bought by
Simone Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2018
Closed on
Jan 15, 2019
Sold by
Steves Reinvestments Llc
Bought by
363 Macarthur Ave Llc
Seller's Agent
James Malki
JMichaels Realty LLC
Buyer's Agent
James Malki
JMichaels Realty LLC
List Price
$239,000
Sold Price
$215,000
Premium/Discount to List
-$24,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
Original Mortgage
$215,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2018
Sold by
Mehmedovic Iksan
Bought by
Stevesrienvestments Llc

Purchase Details

Closed on
Sep 5, 2003
Sold by
Kologrivov Lisa
Bought by
Steiger Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,700
Interest Rate
6.31%
Mortgage Type
FHA

Purchase Details

Closed on
May 17, 2002
Sold by
Petruzzella Salvatore
Bought by
Mehmedovic Iksan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,510
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 8, 1997
Sold by
Zefiretti Eugenio Antonio
Bought by
Petruzzella Salvatore
Source: Public Records

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Range of Values:

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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
363 Macarthur Ave Garfield Llc -- Westcor Land Title Ins Co
Simone Michael J -- Guardian Title Services Llc
363 Macarthur Ave Llc $215,000 --
Stevesrienvestments Llc $135,000 --
Steiger Glenn $370,500 --
Mehmedovic Iksan $190,000 --
Petruzzella Salvatore $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simone Michael J $287,200
Previous Owner Simone Michael J $280,000
Previous Owner 363 Macarthur Ave Llc $215,000
Previous Owner Faddoul George $206,700
Previous Owner Steiger Glenn $364,700
Previous Owner Mehmedovic Iksan $188,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2019 01/30/19 Sold $215,000 -10.0% $204 / Sq Ft
01/04/2019 01/04/19 Pending -- -- --
11/05/2018 11/05/18 For Sale $239,000 -- $226 / 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 $8,636 $263,200 $87,500 $175,700
2023 $8,209 $263,200 $87,500 $175,700
2022 $8,209 $263,200 $87,500 $175,700
2021 $7,970 $263,200 $87,500 $175,700
2020 $7,796 $263,200 $87,500 $175,700
2019 $6,405 $220,400 $87,500 $132,900
2018 $6,262 $220,400 $87,500 $132,900
2017 $6,151 $220,400 $87,500 $132,900
2016 $5,968 $220,400 $87,500 $132,900
2015 $5,821 $220,400 $87,500 $132,900
2014 $5,666 $220,400 $87,500 $132,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1845756

New Jersey MLS

APN: 21-00125-0000-00017