NOT LISTED FOR SALE

400 W 12th St Unit 24 Linden, NJ 07036

Estimated Value: $717,000 - $878,000

6 Beds
4 Baths
2,536 Sq Ft
$315/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $570,000 $225 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,192/month

40 Days on Market

Highlights

  • Wood Flooring
  • Zoned Heating
  • 1-Story Property
  • Multiple cooling system units
  • Level Lot

About This Home

As of May 2021

This is a unique chance to own a great four family property in one of the most convenient locations Linden has to offer. Each unit has its own entrance, and both two bedroom units (stationed at each end) have a full-size basement. One-bedroom units display upkept hardwood floors. The two-bedroom units have carpeting with hardwood underneath. Step out into the yard, and you can see this is a lot with strong amounts of potential. Property most likely subdividable.
The property has its own driveway along with ample street parking for tenants. Schedule your appointment today!

Last Agent to Sell the Property

Dawn Kologi

Long & Foster Real Estate Inc Listed on: 01/21/2021

Co-Listed By

Anthony Disanzo

Compass New Jersey , LLC License #1971589

Last Buyer's Agent

NON MEMBER MORR

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,220

Year Built

  • Built in 1938

Lot Details

  • Lot Dimensions are 124 x 100
  • Street terminates at a dead end
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 2,536 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Multiple cooling system units
  • Zoned Heating
  • Radiator
  • Boiler Heating System
  • Heating System Uses Oil Above Ground
  • Separate Meters
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Tenant pays for gas, electricity
  • The owner pays for hot water, yard maintenance, water, snow removal, sewer, heat
  • Assessor Parcel Number 090056300000014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,220

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: See Remarks, Other, Dead End Street, Level
  • Co List Office Mls Id: 3104
  • Co List Office Phone: 732-530-6300
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet, Wood, Ceramic Tile
  • Reso Interior Features: Cable TV
  • New Construction: No
  • Year Built: 1938
  • Contract Info List PriceSqFt: 275.63
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 124 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • General Property Info Handicap Access: No
  • Lot Description Dead End Street: Yes
  • Garage None4: Yes
  • SidingBrick: Yes
  • Water Heater Off Boiler: Yes
  • Heating Oil Above Ground: Yes
  • Cooling Multi Units: Yes
  • Roof Sloping: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Washer Hookup3: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 1
  • Full Basement: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle, Sloping
  • Waterfront: No
  • Exclusions: Personal Belongings
  • Construction Type: Brick

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiator, Oil Above Ground, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public

Lot Info

  • Lot Dimensions: 124 x 100
  • Parcel #: 090056300000014
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Gas, Electricity
  • Owner Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Sewer, Heat

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13220.0
  • Tax Other Annual Assessment Amount: 191900.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
May 28, 2021
Sold by
Kologi Edward J and Osnato Sharon
Bought by
Skipper Michael
Seller's Agent
Dawn Kologi
Long & Foster Real Estate Inc
Buyer's Agent
NON MEMBER MORR
NON MEMBER
List Price
$699,000
Sold Price
$570,000
Premium/Discount to List
-$129,000
-18.45%
Current Estimated Value
$775,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,481
Avg. Annual Appreciation
7.77%
Original Mortgage
$456,000
Outstanding Balance
$412,851
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$387,012

Purchase Details

Listed on
Jan 21, 2021
Closed on
May 27, 2021
Sold by
Caggiano Josephine and Kologi Edward J
Bought by
Skipper Michael
Seller's Agent
Dawn Kologi
Long & Foster Real Estate Inc
Buyer's Agent
NON MEMBER MORR
NON MEMBER
List Price
$699,000
Sold Price
$570,000
Premium/Discount to List
-$129,000
-18.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Outstanding Balance
$412,851
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$387,012

Purchase Details

Closed on
Apr 9, 2015
Sold by
Kologi Edward J
Bought by
Kologi Edward J

Purchase Details

Closed on
Sep 20, 2000
Sold by
Gregorio John T and Kologi Edward J
Bought by
Kologi Edward J and Kologi Isabelle
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Skipper Michael $570,000 Monarch Title Agency Inc
Skipper Michael $570,000 Land Title
Kologi Edward J -- None Available
Kologi Edward J $25,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skipper Michael $456,000
Closed Skipper Michael $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $570,000 -18.5% $225 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $699,000 -- $276 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $13,494 $191,900 $71,900 $120,000
2024 $13,199 $191,900 $71,900 $120,000
2023 $13,199 $191,900 $71,900 $120,000
2022 $13,268 $191,900 $71,900 $120,000
2021 $13,335 $191,900 $71,900 $120,000
2020 $13,264 $191,900 $71,900 $120,000
2019 $13,220 $191,900 $71,900 $120,000
2018 $13,216 $191,900 $71,900 $120,000
2017 $15,127 $224,500 $71,900 $152,600
2016 $14,651 $224,500 $71,900 $152,600
2015 $13,592 $224,500 $71,900 $152,600
2014 $13,318 $224,500 $71,900 $152,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22101786

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 09-00563-0000-00014