NOT LISTED FOR SALE

39 Farley Ave Unit 41 Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $582,000 - $899,000

7 Beds
3 Baths
-- Sq Ft
3,707 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $685,000

Est. 4% increase in value since last sale

Current estimated payment $4,432/month

24 Days on Market

About This Home

As of March 2024

Introducing a unique opportunity with a beautifully renovated 3- family home in the heart of Newark that harmoniously blends modern elegance with classic charm. This property features a tasteful renovation and an open layout design, the first and third floors are VACANT. While the second floor includes a paying tenant, offering an appealing rental income opportunity. The first floor has 3 Beds 1 Bath, The third floor provides a cozy 1-bed and 1-bath retreat. This versatile property also presents an excellent chance for house hacking, allowing you to live in one unit while renting out the others to offset your mortgage. Furthermore, the basement has full height with the potential to finish for additional living space. Located in a convenient neighborhood with easy access to schools, parks, shopping, and public transportation, this property is an ideal investment for those seeking rental income. Additionally, the property is walking distance to direct NYC transportation.

Last Agent to Sell the Property

Yehuda Praver

eRealty Advisors, Inc. Listed on: 01/25/2024

eRealty Advisors, Inc.

Last Buyer's Agent

Fred Tessier

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,541

Lot Details

  • 3,707 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00026 / 02655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,541

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: (201) 932-2005
  • MLS Status: Sold - Sold
  • Directions: Madison to Farley
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 3707.0

Tax Info

  • Tax Annual Amount: 6541.0
  • Tax Block: 02655
  • Tax Lot: 00026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Mar 13, 2024
Sold by
Praver Tami
Bought by
Ezeude Ginikannwa
Seller's Agent
Yehuda Praver
eRealty Advisors, Inc.
Buyer's Agent
Fred Tessier
EXP Realty, LLC
List Price
$669,000
Sold Price
$685,000
Premium/Discount to List
$16,000
2.39%
Views
46
Current Estimated Value
$713,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,603
Avg. Annual Appreciation
1.68%
Original Mortgage
$616,500
Outstanding Balance
$607,888
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$93,894

Purchase Details

Closed on
Mar 8, 2023
Sold by
4931 Farley Llc
Bought by
Praver Tami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2014
Sold by
Sunshine Development Group Llc
Bought by
Williams Michelle D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 2013
Sold by
Arnold Samuel
Bought by
Sunshine Development
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ezeude Ginikannwa $685,000 First American Title
Praver Tami -- None Listed On Document
Williams Michelle D $335,000 --
Williams Michelle D $335,000 --
Sunshine Development $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ezeude Ginikannwa $616,500
Previous Owner Praver Tami $265,000
Previous Owner 4931 Farley Llc $245,000
Previous Owner 4931 Farrley Llc $210,400
Previous Owner Williams Michelle D $328,932
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $685,000 +2.4% --
02/18/2024 02/18/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $669,000 -- --
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 $6,528 $248,200 $13,000 $235,200
2024 $6,528 $175,100 $12,700 $162,400
2022 $6,542 $175,100 $12,700 $162,400
2021 $6,538 $175,100 $12,700 $162,400
2020 $6,654 $175,100 $12,700 $162,400
2019 $6,586 $175,100 $12,700 $162,400
2018 $6,466 $175,100 $12,700 $162,400
2017 $6,234 $175,100 $12,700 $162,400
2016 $6,023 $175,100 $12,700 $162,400
2015 $5,794 $175,100 $12,700 $162,400
2014 $5,430 $175,100 $12,700 $162,400
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2024

    Yehuda Praver

    eRealty Advisors, Inc.

    (917) 816-1072

    1 in this area

    5 Total Sales

    Yehuda Praver
    Section Image
  • Fred Tessier

    Buyer's Agent in 2024

    Fred Tessier

    EXP Realty, LLC

    (908) 652-9227

    1 in this area

    81 Total Sales

    Fred Tessier
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24002910

New Jersey MLS

APN: 14-02655-0000-00026

New Jersey Essex County Newark 07108 Clinton Hill

39 Farley Ave Unit 41, Newark, NJ

This home is located at 39 Farley Ave Unit 41, Newark, NJ 07108 since 25 January 2024 and is currently estimated at $713,603. 39 Farley Ave Unit 41 is a home located in Essex County with nearby schools including Belmont Runyon School, Hawthorne Avenue Elementary School, and Louise A. Spencer School.

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.

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

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