NOT LISTED FOR SALE

394 Parker St Unit 398 Newark, NJ 07104

Forest Hill Neighborhood

Estimated Value: $607,000 - $728,000

4 Beds
3.5 Baths
2,736 Sq Ft
$246/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $520,000 $190 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,324/month

26 Days on Market

Highlights

  • Mountain View
  • Attic Fan
  • Rectangular Lot
  • En-Suite Primary Bedroom

About This Home

As of October 2023

Handsome custom-built Colonial in desirable Forest Hill. This solid & unique home was once occupied by a former Mayor of Newark, Charles P. Gillen, as he became City Commissioner. Bright high-ceiling rooms with a flowing floor plan feature the best materials & craftsmanship available in 1922. The three exposure living room, beamed and trimmed ceiling, southern facing sun porch, built-ins, dining room with fireplace, french doors, leaded and stained glass trimmed windows, plus elaborate crown moldings - showcase a skilled architect's design. A large kitchen that needs complete updating has endless possibilities. Primary bedroom has an en-suite bathroom plus dressing area connected to additional bedroom/office that can be one large private quarters! Newer furnace + hot water on demand. Oil tank removed. Restoration work is needed by an historically minded buyer, which can result in a strikingly impressive house and property. Exterior changes require City approval.

Last Agent to Sell the Property

David Kane

eRealty Advisors, Inc. Listed on: 06/14/2023

eRealty Advisors, Inc.

Last Buyer's Agent

YI LU

eRealty Advisors, Inc.

eRealty Advisors, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,308

Lot Details

  • 8,834 Sq Ft Lot
  • Lot Dimensions are 71' x 124'
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Attic

  • Attic Fan

Additional Features

  • Mountain Views
  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00013 / 00606

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,308

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Finance Co
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: Mountain(s), West
  • Co List Office Phone: (201) 932-2005
  • MLS Status: Sold - Sold
  • Directions: GPS, Google Maps, off off of 280, GSP, Route 21.
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Cntr Hl
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes
  • Basement Remarks: Rec Room, Storage Room, Laundry Room, Full Bath, Walk out to Patio

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Brick, Other

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Attic Fan, Window Unit(s)
  • Heating: Natural Gas, Radiant Floor, Steam

Lot Info

  • Lot Dimensions: 71' x 124'
  • Lot Size Sq Ft: 8834.0

Tax Info

  • Tax Annual Amount: 9308.0
  • Tax Block: 00606
  • Tax Lot: 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Sep 12, 2023
Sold by
Mcdermitt Michael W and Mcdermitt Cynthia
Bought by
Mcgregor Basil D
Seller's Agent
David Kane
eRealty Advisors, Inc.
Buyer's Agent
YI LU
eRealty Advisors, Inc.
List Price
$459,000
Sold Price
$520,000
Premium/Discount to List
$61,000
13.29%
Views
112
Current Estimated Value
$672,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,168
Avg. Annual Appreciation
12.94%
Original Mortgage
$416,000
Outstanding Balance
$407,534
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$264,634

Purchase Details

Closed on
Oct 23, 2010
Sold by
Mcdermitt Michael E
Bought by
Mcdermitt Michael W and Mcdermitt Cynthia Y

Purchase Details

Closed on
Apr 6, 2006
Sold by
Mercurio Patricia Ann
Bought by
Mcdermitt Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcgregor Basil D $520,000 First American Title
Mcdermitt Michael W -- New Jersey Title Ins Co
Mcdermitt Michael $515,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgregor Basil D $416,000
Previous Owner Mcdermitt Michael $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2023 10/12/23 Sold $520,000 +13.3% $190 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $459,000 -- $168 / 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
2025 $9,294 $249,300 $81,400 $167,900
2024 $9,294 $249,300 $81,400 $167,900
2022 $9,314 $249,300 $81,400 $167,900
2021 $9,309 $249,300 $81,400 $167,900
2020 $9,473 $249,300 $81,400 $167,900
2019 $9,376 $249,300 $81,400 $167,900
2018 $9,207 $249,300 $81,400 $167,900
2017 $8,875 $249,300 $81,400 $167,900
2016 $8,576 $249,300 $81,400 $167,900
2015 $8,249 $249,300 $81,400 $167,900
2014 $7,731 $249,300 $81,400 $167,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Kane

    eRealty Advisors, Inc.

    (646) 266-7201

    1 in this area

    1 Total Sale

    David Kane
    Section Image
  • YI LU

    Buyer's Agent in 2023

    YI LU

    eRealty Advisors, Inc.

    (732) 213-3385

    2 in this area

    16 Total Sales

    YI LU
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 23019352

New Jersey MLS

APN: 14-00606-0000-00013

New Jersey Essex County Newark 07104 Forest Hill

394 Parker St Unit 398, Newark, NJ

Not Listed for Sale

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