NOT LISTED FOR SALE

401 Lafayette St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $661,000 - $861,000

6 Beds
4 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold May 11, 2022

Last sale price $625,000

Est. 24% increase in value since last sale

Current estimated payment $4,865/month

22 Days on Market

About This Home

As of May 2022

WELCOME TO THIS RARE BRICK FRONT!!! two-family home located in the sought-after Ironbound section of Newark Everything is just steps from your door. The Ironbound Restaurants/Ferry and Wilson Avenue Shopping Stores /Nightlife, while close to all major public transportation with "EASY NYC COMMUTE " This Beautiful home IS in excellent condition features: Two apartments Top/Bottom with three bedrooms each ,finished Basement and attic with large back yard, access to the garage is through Merchant Pl

Last Agent to Sell the Property

Augusto Verissimo

Weichert Home City Realty Listed on: 02/03/2022

Weichert Home City Realty

Last Buyer's Agent

Augusto Verissimo

Weichert Home City Realty Listed on: 02/03/2022

Weichert Home City Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,862

Lot Details

  • 2,701 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00053 / 01981

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,862

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 741-3000
  • MLS Status: Sold - Sold
  • Directions: Wilson Ave to Lafayette St
  • Architectural Style: 2 Family
  • Year Built Details: Pre 1900,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

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

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2701.0

Tax Info

  • Tax Annual Amount: 7862.0
  • Tax Block: 01981
  • Tax Lot: 00053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2022
Sold by
Harbor Freight International Inc
Bought by
Wasabi Warriors Llc
Current Estimated Value
$774,816

Purchase Details

Listed on
Feb 3, 2022
Closed on
May 3, 2022
Sold by
Carvalho Maria F
Bought by
Harbor Freight International Inc
Seller's Agent
Augusto Verissimo
Weichert Home City Realty
Buyer's Agent
Augusto Verissimo
Weichert Home City Realty
List Price
$589,000
Sold Price
$625,000
Premium/Discount to List
$36,000
6.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$400,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 1993
Sold by
Lopes Mario C and Lopes Maria L
Bought by
Carvalho Carlos A and Carvalho Maria F

Purchase Details

Closed on
Jul 14, 1988
Sold by
Januseski Joseph
Bought by
Lopes Mario C
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
Wasabi Warriors Llc -- First American Title
Harbor Freight International Inc $625,000 First American Title
Carvalho Carlos A $83,300 --
Lopes Mario C $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harbor Freight International Inc $400,000
Previous Owner Carvalho Carlos A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $625,000 +6.1% --
02/25/2022 02/25/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $589,000 -- --
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 $7,713 $335,200 $73,200 $262,000
2024 $7,713 $335,200 $73,200 $262,000
2022 $7,730 $206,900 $72,700 $134,200
2021 $7,726 $206,900 $72,700 $134,200
2020 $7,862 $206,900 $72,700 $134,200
2019 $7,782 $206,900 $72,700 $134,200
2018 $7,641 $206,900 $72,700 $134,200
2017 $7,366 $206,900 $72,700 $134,200
2016 $7,117 $206,900 $72,700 $134,200
2015 $6,846 $206,900 $72,700 $134,200
2014 $6,416 $206,900 $72,700 $134,200
Source: Public Records

Agents Affiliated with this Home

  • Augusto Verissimo

    Seller's Agent in 2022

    Augusto Verissimo

    Weichert Home City Realty

    (973) 420-5317

    57 in this area

    207 Total Sales

    Augusto Verissimo
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Map

Source: New Jersey MLS

MLS Number: 22003659

New Jersey MLS

APN: 14-01981-0000-00053

New Jersey Essex County Newark 07105 South Ironbound

401 Lafayette St, Newark, NJ

This home is located at 401 Lafayette St, Newark, NJ 07105 since 03 February 2022 and is currently estimated at $774,816. 401 Lafayette St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Hawkins Street Elementary School, and Oliver Street 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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