NOT LISTED FOR SALE

371 Central Ave East Rutherford, NJ 07073

Estimated Value: $556,491 - $718,000

4 Beds
2 Baths
1,238 Sq Ft
$522/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $480,000 $388 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,105/month

3 Days on Market

Highlights

  • Property is near a park
  • Storage
  • Laundry Facilities
  • Detached Garage
  • Central Air
  • 3-minute walk to Anthony Gallo Park

About This Home

As of September 2018

Nice renovated 2 family in commercial area

Last Agent to Sell the Property

Joseph Aziz

Prestige Property Group - Montclair Listed on: 08/17/2018

Last Buyer's Agent

Joseph Aziz

Prestige Property Group - Montclair Listed on: 08/17/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,822

Year Built

  • 1910

Lot Details

  • 2,500 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Built between 1900 - 1939
  • Vinyl Construction Material

Interior Spaces

  • Storage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 021200042 00019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,822

Year Built

1910

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1900-1939, Renovated
  • Miscellaneous: Hdwd As In
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 4
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Bin/Storage, Unfinished
  • Laundry: Basement

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: Detached, 1 Car

Utilities

  • Heating: Gas, Hot Air
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Central Air

Lot Info

  • County Name: BERGEN
  • Locale: 300
  • Lot: 00019
  • Estimated Lot Sq Ft: 2500
  • Lot Description: Regular

Tax Info

  • Tax: 4822
  • Assessor Parcel Number: 021200042 00019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2018
Closed on
Sep 27, 2018
Sold by
Naguib Maker S
Bought by
Anthony Silvestri Kristen and Anthony Zanctich
Seller's Agent
Joseph Aziz
Prestige Property Group - Montclair
Buyer's Agent
Joseph Aziz
Prestige Property Group - Montclair
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Total Days on Market
3
Current Estimated Value
$645,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,873
Avg. Annual Appreciation
4.55%
Original Mortgage
$471,306
Outstanding Balance
$414,362
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$231,511

Purchase Details

Listed on
Mar 10, 2017
Closed on
May 8, 2017
Sold by
371 Central Avenue Llc
Bought by
Naguib Makar S
Seller's Agent
Greg Panayoti
VP Realty Group
Buyer's Agent
Joseph Aziz
Prestige Property Group - Montclair
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$361,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2016
Sold by
Lambert Louise M
Bought by
371 Central Ave Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2000
Sold by
Lambert Fred and Lambert Louise M
Bought by
Lambert Fred
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
Anthony Silvestri Kristen $480,000 --
Anthony Silvestri Kristen $480,000 --
Naguib Makar S $425,000 Wfg National Title Insurance
Naguib Makar S $425,000 Wfg National Title Insurance
371 Central Ave Lc $135,000 First American Title
371 Central Ave Lc $135,000 First American Title
Lambert Fred -- --
Lambert Fred -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anthony Silvestri Kristen $471,306
Previous Owner Naguib Makar S $361,250
Previous Owner 371 Central Ave Lc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $480,000 -3.8% $388 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $499,000 +17.4% $403 / Sq Ft
05/17/2017 05/17/17 Sold $425,000 0.0% $343 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $425,000 -- $343 / 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 $8,125 $518,200 $260,900 $257,300
2023 $8,575 $500,600 $251,700 $248,900
2022 $8,575 $489,700 $242,500 $247,200
2021 $8,322 $463,100 $223,100 $240,000
2020 $8,109 $445,800 $218,300 $227,500
2019 $8,052 $439,500 $205,000 $234,500
2018 $6,500 $365,600 $197,800 $167,800
2017 $4,822 $232,500 $165,000 $67,500
2016 $4,522 $232,500 $165,000 $67,500
2015 $4,573 $232,500 $165,000 $67,500
2014 $4,177 $232,500 $165,000 $67,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1834656

New Jersey MLS

APN: 12-00042-0000-00019