NOT LISTED FOR SALE

48 Highwood Terrace Weehawken, NJ 07086

Estimated Value: $1,097,381 - $1,357,000

7 Beds
5 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold June 13, 2023

Last sale price $1,130,000

Est. 9% increase in value since last sale

Current estimated payment $7,726/month

Highlights

  • Colonial Architecture
  • Living Room
  • Baseboard Heating
  • Daniel Webster School Rated A-
  • Dining Room
  • 3-minute walk to Hamilton Park

About This Home

As of June 2023

Welcome to this amazing 4-family home in the heart of Weehawken. This property offers a fantastic investment opportunity with a strong cap rate and low expenses. With four fully rented units, you can start earning income right away. The first floor of this property features a spacious 3-bedroom and 1-bathroom unit with exclusive use of the backyard. The second floor boasts a one-bedroom unit and a two-bedroom unit, while the third floor is a cozy studio unit with one bed and one bath. In addition, the finished basement can be used for storage and has a full bath. It can also be combined with the first-floor unit to create an even larger living space. This centrally located property is perfect for renters, as it is just outside the Lincoln Tunnel, allowing for a commute to Port Authority in under 10 minutes. The location is highly desirable and offers easy access to shops, restaurants, and all that Weehawken has to offer. Don't miss out on this fantastic investment opportunity. Schedule a showing today to see everything this amazing 4-family home has to offer. Video walkthrough, floorplan, and income/expense report sent upon request.

Last Agent to Sell the Property

Steven Lewis

KELLER WILLIAMS CITY LIFE REALTY License #1224580 Listed on: 04/26/2023

KELLER WILLIAMS CITY LIFE REALTY

Last Buyer's Agent

Steven Lewis

KELLER WILLIAMS CITY LIFE REALTY License #1224580 Listed on: 04/26/2023

KELLER WILLIAMS CITY LIFE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,936

Lot Details

  • Lot Dimensions are 25x100

Home Design

  • Colonial Architecture
  • Aluminum Siding
  • Stone Exterior Construction

Interior Spaces

  • Living Room
  • Dining Room
  • Finished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms | 3 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • Insurance Expense $2,500
  • Water Sewer Expense $1,500

Listing and Financial Details

  • Legal Lot and Block 63 / 46
  • Assessor Parcel Number 1944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,936

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 4 Family
  • Building Style: Colonial, Other-See Remarks
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Finished
  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 7
  • Total Other Rooms: 3
  • Total Dining Rooms: 1
  • Total Kitchens: 4
  • Total Living Rooms: 4
  • Basement Full Bathrooms: 1
  • Basement Other Rooms: 2
  • First Floor Bedrooms: 3
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor1 Other: 1
  • Floor 1 Rent: 1,835.70
  • Second Floor Bedrooms: 2
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 1,036.43
  • Third Floor Bedrooms: 1
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Rent: 1,444.50
  • Fourth Floor Bedrooms: 1
  • Floor 4 Full Bathrooms: 1
  • Floor4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Floor 4 Rent: 1,003.20
  • Fl1 Rooms: 6
  • Fl2 Rooms: 4
  • Fl3 Rooms: 3
  • Fl4 Rooms: 3

Exterior Features

  • Exterior Finish: Aluminum/Vinyl, Stone

Garage/Parking

  • Parking Available: None

Utilities

  • Heat Expense: 2700
  • Heating/Cooling: A/C Window, Baseboard

Fee Information

  • Insurance Expense: 2500
  • Water Sewer Expenses: 1500

Lot Info

  • Geo Address Line: 48 Highwood Ter
  • Geo Primary City: Weehawken
  • Geo Quality: 0.95
  • Geo Update Timestamp: 04/26/2023
  • Geo Zoom Level: 16
  • Lot: 63
  • Lot Size: 25X100

Tax Info

  • Year: 2022
  • Taxes: 12936

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Jun 12, 2023
Sold by
Kura Magdalena and Kura Camilo
Bought by
Yeo Chad and Yeot Arra
Seller's Agent
Steven Lewis
KELLER WILLIAMS CITY LIFE REALTY
Buyer's Agent
Steven Lewis
KELLER WILLIAMS CITY LIFE REALTY
List Price
$1,100,000
Sold Price
$1,130,000
Premium/Discount to List
$30,000
2.73%
Views
30
Current Estimated Value
$1,227,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,345
Avg. Annual Appreciation
3.76%
Original Mortgage
$1,034,797
Outstanding Balance
$1,010,112
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$217,233

Purchase Details

Closed on
Oct 15, 2019
Sold by
Lee David and Suh Hyun Seung
Bought by
Lee David and Suh Lee Sydney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2009
Sold by
Severino Realty Group Llc
Bought by
Lee David and Lee Suh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1995
Sold by
Severino Titus and Severino Stephanie
Bought by
Severino Realty Group Llc
Source: Public Records

Range of Values:

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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
Yeo Chad $1,130,000 Guardian Title Services
Yeo Chad $1,130,000 Guardian Title Services
Lee David -- None Available
Lee David $650,000 --
Severino Realty Group Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeo Chad $1,034,797
Closed Yeo Chad $1,034,797
Previous Owner Lee David $369,000
Previous Owner Lee David $520,000
Previous Owner Graziano Donna $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Sold $1,130,000 +2.7% --
04/26/2023 04/26/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $1,100,000 +13.4% --
01/28/2022 01/28/22 Sold $970,000 -2.9% --
11/04/2021 11/04/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $999,000 -- --
Source: Hudson County 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 $14,228 $703,300 $276,500 $426,800
2024 $13,609 $703,300 $276,500 $426,800
2023 $13,609 $703,300 $276,500 $426,800
2022 $13,060 $703,300 $276,500 $426,800
2021 $12,863 $703,300 $276,500 $426,800
2020 $12,645 $703,300 $276,500 $426,800
2019 $12,062 $703,300 $276,500 $426,800
2018 $12,055 $703,300 $276,500 $426,800
2017 $10,580 $199,700 $112,500 $87,200
2016 $10,105 $199,700 $112,500 $87,200
2015 $10,125 $199,700 $112,500 $87,200
2014 $9,775 $199,700 $112,500 $87,200
Source: Public Records

Agents Affiliated with this Home

  • Steven Lewis

    Seller's Agent in 2023

    Steven Lewis

    KELLER WILLIAMS CITY LIFE REALTY

    (732) 857-5279

    10 in this area

    91 Total Sales

    Steven Lewis
    Section Image
  • RAMI ROSEN

    Seller's Agent in 2022

    RAMI ROSEN

    COMPASS NEW JERSEY, LLC

    (646) 465-1580

    9 in this area

    138 Total Sales

    RAMI ROSEN
    Section Image
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Map

Source: Hudson County MLS

MLS Number: 230006655

Hudson County MLS

APN: 11-00046-0000-00063

New Jersey Hudson County Weehawken 07086

48 Highwood Terrace, Weehawken, NJ

This home is located at 48 Highwood Terrace, Weehawken, NJ 07086 since 26 April 2023 and is currently estimated at $1,227,345. 48 Highwood Terrace is a home located in Hudson County with nearby schools including Daniel Webster School, Theodore Roosevelt School, and Weehawken High 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.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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