NOT LISTED FOR SALE

40 Lanark Ave Unit 42 Newark, NJ 07106

Upper Vailsburg Neighborhood

Estimated Value: $444,000 - $568,000

4 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold January 07, 2021

Last sale price $315,000

Est. 56% increase in value since last sale

Current estimated payment $3,363/month

130 Days on Market

Highlights

  • Second Kitchen
  • Wood Flooring
  • Attic
  • Raised Ranch Architecture
  • Main Floor Bedroom
  • In-Law or Guest Suite

About This Home

As of January 2021

UPPER VAILSBURG GEM! RAISED RANCH W/ 4 BDS 2 BTH, TOTALLY RENOVATED, OPEN CONCEPT KITCHEN/ LIVING RM, WHITE SHAKER CABINETS & S/S APPLS, HWD FLRS, CENTRAL AIR, HUGE P. FINISHED BASEMENT. A MUST SEE!!! LOOKS ARE DECEIVING IN THIS RAISED RANCH. ALLOWING A FEW POSSIBILITIES TO LIVE W/ 3 BEDROOMS CLOSE TO THE MAIN LIVING AREA & THE MASTER BEDROOM W/ MASTER BATH TO THE BACK OF THE HOUSE W/ A SEPARATE ENTRANCE. THIS HOME HAS THE POSSIBILITY OF AN IN-LAW SUITE, HOME OFFICE, OR ANY OTHER PURPOSE YOU SEE FIT. YOU HAVE SPACE TO BE COMFORTABLE. LARGE UNFINISHED ATTIC HAS GREAT STORAGE SPACE. THE FULL PARTIALLY FINISHED BASEMENT W/ WALKOUT BILCO DOORS TO THE BACKYARD & SEPARATE LAUNDRY/UTILITY ROOM. PARKING FOR 4-6 CARS IN THE DRIVEWAY. NICELY LANDSCAPED IN THE FRONT. THE ONLY THING MISSING IS YOU!

Last Agent to Sell the Property

Kerwin Lynch

RE/MAX FIRST REALTY II Listed on: 07/26/2020

RE/MAX FIRST REALTY II

Last Buyer's Agent

MANUEL KLINAR

FATHOM REALTY NJ

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,397

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • Raised Ranch Architecture
  • Tile

Interior Spaces

  • Family Room
  • Utility Room
  • Laundry Room
  • Wood Flooring
  • Attic
  • Partially Finished Basement

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1614-04191-0000-00033-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,397

Year Built

Built in 1910 | Remodeled

Lot Details

0

Listing Details

  • Style: Raised Ranch
  • Primary Style: Raised Ranch
  • Subproperty Type: Single Family
  • Year Built: 1910
  • Year Built Description: Approximate, Renovated
  • County Name: Essex
  • Renovated Year: 2020
  • Street Number Display: 40-42
  • Directions: Sanford Ave to Lanark Ave
  • I D: 5002336
  • Modified: 2022-01-08
  • Number Images: 21
  • First Name: KERWIN
  • First Name3: MANUEL
  • Last Name: LYNCH
  • Last Name3: KLINAR
  • Office Phone: 908-664-1500
  • Office Phone3: 973-441-7080
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2020

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector, StallTub
  • Number Rooms: 7
  • Bedrooms: 4
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Family Room, Laundry Room, Utility Room
  • Dining Room Level: First
  • Family Room Level: Basement
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath, SepEnter
  • Kitchen Area: Eat-In Kitchen, Second Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Attic
  • Other Room1 Level: Second
  • Other Room 2: MudRoom
  • Other Room2 Level: First
  • Other Room 3: Utility Room
  • Other Room3 Level: Basement
  • Level 1 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Kitchen, LivDinRm
  • Level 2 Rooms: Attic
  • Phone: 908-664-1500

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas In Street, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 40X100
  • Assessed Improvement Value: 119100
  • Assessed Land Value: 24400
  • Assessment: 143500
  • Easement: Unknown
  • Lot Identifier: 33
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.09

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5397
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-04191-0000-00033-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.761
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2020
Closed on
Dec 28, 2020
Sold by
40 Lanark Llc
Bought by
Hippolyte Nikky and Hippolyte Sylvia
Seller's Agent
Kerwin Lynch
RE/MAX FIRST REALTY II
Buyer's Agent
MANUEL KLINAR
FATHOM REALTY NJ
List Price
$300,000
Sold Price
$315,000
Premium/Discount to List
$15,000
5%
Current Estimated Value
$491,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,559
Avg. Annual Appreciation
7.78%
Original Mortgage
$309,294
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 2020
Sold by
King Joann
Bought by
40 Lanark Llc

Purchase Details

Closed on
Aug 18, 1998
Sold by
Mcrae Rosalyn Mc
Bought by
King Marvin and King Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
6.65%
Source: Public Records

Range of Values:

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Average Value
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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
Hippolyte Nikky $315,000 None Listed On Document
40 Lanark Llc $67,000 Chicago Title Insurance Co
King Marvin $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hippolyte Nikky $309,294
Previous Owner King Marvin $75,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 Sold $315,000 -3.1% --
12/03/2020 12/03/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $325,000 +8.3% --
11/30/2020 11/30/20 For Sale $300,000 0.0% --
09/25/2020 09/25/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $300,000 0.0% --
08/11/2020 08/11/20 Pending -- -- --
07/26/2020 07/26/20 For Sale $300,000 -- --
Source: Garden State 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 $9,078 $243,500 $24,400 $219,100
2024 $9,078 $243,500 $24,400 $219,100
2022 $9,097 $243,500 $24,400 $219,100
2021 $5,358 $143,500 $24,400 $119,100
2020 $5,453 $143,500 $24,400 $119,100
2019 $5,397 $143,500 $24,400 $119,100
2018 $5,299 $143,500 $24,400 $119,100
2017 $5,109 $143,500 $24,400 $119,100
2016 $4,936 $143,500 $24,400 $119,100
2015 $4,748 $143,500 $24,400 $119,100
2014 $4,450 $143,500 $24,400 $119,100
Source: Public Records

Agents Affiliated with this Home

  • Kerwin Lynch

    Seller's Agent in 2021

    Kerwin Lynch

    RE/MAX

    (973) 342-7006

    1 in this area

    42 Total Sales

    Kerwin Lynch
    Section Image

  • M

    Buyer's Agent in 2021

    MANUEL KLINAR

    FATHOM REALTY NJ

See All Agents

Map

Source: Garden State MLS

MLS Number: 3651401

Garden State MLS

APN: 14-04191-0000-00033

New Jersey Essex County Newark 07106 Upper Vailsburg

40 Lanark Ave Unit 42, Newark, NJ

This home is located at 40 Lanark Ave Unit 42, Newark, NJ 07106 since 26 July 2020 and is currently estimated at $491,559. This property was built in 1910. 40 Lanark Ave Unit 42 is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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