$561,000 - $643,512
RENTED AUG 14, 2024

42 3rd St Unit 2 Newark, NJ 07107

Fairmount Neighborhood
3 Beds
2 Baths
2,800 Sq Ft
$211 Price per Sq Ft

Last Sold November 22, 2017

Last sale price $260,000 $93 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,280/month

About This Home

As of November 2017

Section 8 applicants encouraged to apply. Renovated 3 bedroom/2 full bathroom duplex apartment. Close to college campuses where the Fairmount and University Heights neighborhoods meet. Large open concept living/dining area, kitchen, a super large primary bedroom and in-unit washer/dryer are on the lower level with two additional bedrooms on the upper level. The kitchen features stainless steel appliances, stone countertops and white cabinetry. All hardwood floors in the living and sleeping areas. Central heat and A/C. Just 5 blocks to the Orange Street Light Rail Station. 15 minutes to Downtown Newark (Penn Station, Whole Foods, NJPAC & Prudential Center). 45 minutes to New York Penn Station (door to door). Landlord uses the RentSpree tenant screening application process. THE LANDLORD IS PAYING THE BROKER FEE. Tenant pays Electric, Gas & Heat.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Atkinson Dwight
Bought by
Freeman Namon
Current Estimated Value
$592,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,750
Outstanding Balance
$553,835
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$28,569

Purchase Details

Closed on
May 1, 2021
Sold by
Alexander Vellios
Bought by
Atkinson Dwight

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
2.96%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 2019
Sold by
42 Third Holdings Llc
Bought by
Goulet Alexandre and Vellios Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.75%

Purchase Details

Listed on
Sep 26, 2017
Closed on
Nov 22, 2017
Sold by
Fresh Start Home Invest
Bought by
Grady Tanya A
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%

Purchase Details

Closed on
Sep 27, 2002
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
Freeman Namon $585,000 Trident Abstract Title
Atkinson Dwight $360,000 Sunnyside Title
Goulet Alexandre $240,000 --
Grady Tanya A $255,000 --
-- $129,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Namon $555,750
Previous Owner Atkinson Dwight $353,479
Previous Owner Goulet Alexandre $168,000
Previous Owner Goulet Alexandre --
Previous Owner 42 Third Holdings Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2024 08/14/24 Rented $2,650 0.0% --
05/30/2024 05/30/24 For Rent $2,650 0.0% --
11/22/2017 11/22/17 Sold $260,000 0.0% --
10/09/2017 10/09/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $260,000 -- --

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
2024 $11,780 $316,000 $17,700 $298,300
2022 $8,193 $219,300 $17,700 $201,600
2021 $8,189 $219,300 $17,700 $201,600
2020 $8,333 $219,300 $17,700 $201,600
2019 $5,630 $149,700 $17,700 $132,000
2018 $5,528 $149,700 $17,700 $132,000
2017 $5,329 $149,700 $17,700 $132,000
2016 $5,150 $149,700 $17,700 $132,000
2015 $4,954 $149,700 $17,700 $132,000
2014 $4,642 $149,700 $17,700 $132,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lindsey Armour

    Alexander Anderson Real Estate Group

    (732) 403-7713

    Lindsey Armour
    Section Image
  • Cynthia Barrett-Bismuth

    Seller Co-Listing Agent in 2024

    Cynthia Barrett-Bismuth

    Olymp US Realty Group, LLC

    (201) 343-6640

    4 in this area

    44 Total Sales

    Cynthia Barrett-Bismuth
    Section Image

  • O

    Buyer's Agent in 2024

    Outside Agent

    Outside Office

See All Agents

Map

New Jersey Essex County Newark 07107 Fairmount

42 3rd St Unit 2, Newark, NJ

This home is located at 42 3rd St Unit 2, Newark, NJ 07107 and is currently estimated at $592,128, approximately $211 per square foot. 42 3rd St Unit 2 is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Camden Street Elementary School, and Cleveland Elementary 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.

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