NOT LISTED FOR SALE

397 Lincoln Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $517,255 - $604,000

4 Beds
2 Baths
-- Sq Ft
1,507 Sq Ft Lot

Last Sold July 14, 2022

Last sale price $435,000

Est. 30% increase in value since last sale

Current estimated payment $3,399/month

86 Days on Market

About This Home

As of July 2022

Fully renovated Multifamily unit located in Newark with close proximity to Forest Hill section and Belleville. This multifamily is close to major highways, parks, restaurants, The Prudential Center, Colleges and transportation into the NYC!! Both units have brand new plumbing, electrical, boiler, water heater, floors and windows. The home has a brand new roof and new siding offering a ton of curb appeal. All you will need to do is unpack and make it your own!

Last Agent to Sell the Property

Sonia Ortiz

Modern Realty Group Listed on: 02/02/2022

Last Buyer's Agent

Jean Pierre Oviedo

World Class Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,260

Lot Details

  • 1,507 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00030 / 00818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,260

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 201-933-3366
  • MLS Status: Sold - Sold
  • Directions: use gps
  • Architectural Style: 2 Family
  • Year Built Details: 1950's,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 1507.0

Tax Info

  • Tax Annual Amount: 4260.0
  • Tax Block: 00818
  • Tax Lot: 00030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2022
Closed on
Jul 6, 2022
Sold by
397 Lincoln Avenue Llc
Bought by
Esdaille Justin
Seller's Agent
Sonia Ortiz
Modern Realty Group
Buyer's Agent
Jean Pierre Oviedo
World Class Realty Group
List Price
$424,900
Sold Price
$435,000
Premium/Discount to List
$10,100
2.38%
Current Estimated Value
$563,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,814
Avg. Annual Appreciation
8.73%
Original Mortgage
$420,481
Interest Rate
5.51%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 2021
Sold by
Ll Nj Reo Llc
Bought by
397 Lincoln Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2017
Sold by
Moc Lincoln Llc
Bought by
The Boa Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2008
Sold by
Kuntz Mary Ann and Ferrentino Joseph
Bought by
Napodano Bartolomeo and Napodano Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,710
Interest Rate
5.26%
Mortgage Type
FHA
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
Esdaille Justin $435,000 --
397 Lincoln Avenue Llc $190,000 Evident Title Agency Inc
The Boa Group Llc $165,000 Belmont Title And Settlement
Napodano Bartolomeo $120,000 Secure Title Of Nj Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Esdaille Justin $420,481
Previous Owner 397 Lincoln Ave Llc $235,000
Previous Owner 397 Lincoln Avenue Llc $235,000
Previous Owner The Boa Group Llc $169,000
Previous Owner Napodano Bartolomeo $115,710
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $435,000 +2.4% --
04/29/2022 04/29/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $424,900 0.0% --
03/03/2022 03/03/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $424,900 -- --
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 $3,922 $144,900 $21,800 $123,100
2024 $3,922 $144,900 $21,800 $123,100
2023 $3,930 $105,200 $21,800 $83,400
2022 $3,930 $105,200 $21,800 $83,400
2021 $4,186 $112,100 $21,800 $90,300
2020 $4,260 $112,100 $21,800 $90,300
2019 $4,216 $112,100 $21,800 $90,300
2018 $4,140 $112,100 $21,800 $90,300
2017 $3,991 $112,100 $21,800 $90,300
2016 $3,856 $112,100 $21,800 $90,300
2015 $3,709 $112,100 $21,800 $90,300
2014 $3,476 $112,100 $21,800 $90,300
Source: Public Records

Agents Affiliated with this Home

  • Sonia Ortiz

    Seller's Agent in 2022

    Sonia Ortiz

    Modern Realty Group

    (201) 675-6886

    1 in this area

    37 Total Sales

    Section Image
  • Jean Pierre Oviedo

    Buyer's Agent in 2022

    Jean Pierre Oviedo

    World Class Realty Group

    (732) 319-3322

    1 in this area

    36 Total Sales

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Map

Source: New Jersey MLS

MLS Number: 22003552

New Jersey MLS

APN: 14-00818-0000-00030

New Jersey Essex County Newark 07104 North Broadway

397 Lincoln Ave, Newark, NJ

This home is located at 397 Lincoln Ave, Newark, NJ 07104 since 02 February 2022 and is currently estimated at $563,814. 397 Lincoln Ave is a home located in Essex County with nearby schools including Elliott Street Elementary School, Ridge Street Elementary School, and Rafael Hernandez 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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

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

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