NOT LISTED FOR SALE

48 Magazine St Newark, NJ 07105

North Ironbound Neighborhood

Estimated Value: $560,000 - $740,000

4 Beds
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold March 09, 2022

Last sale price $399,000

Est. 63% increase in value since last sale

Current estimated payment $4,317/month

95 Days on Market

Highlights

  • A-Frame Home
  • Cooling Available
  • Heating System Uses Steam
  • No HOA
  • Outdoor Storage
  • Fenced

About This Home

As of March 2022

Back on Market, buyer failed to perform. Investors/handyman/updates needed...The location and size of this house calls for a savvy investor/owner to do some simple updates to make this a perfect income producing property . Beautiful oversized 1 Family, 2 units with separate utilities, 2 kitchens. Motivated sellers see this oversized 1 family, it has 2 separate units with room to grow! This property has such amazing potential for any family to call home! Come check out all this large property has to offer you and your family! It also has a nice sized yard for relaxing, gardening, anything you'd like!

Last Agent to Sell the Property

Michael Jakubowski

Keller Williams Realty Central Monmouth Listed on: 12/31/2021

Last Buyer's Agent

Michael Jakubowski

Real Broker, LLC License #1973852

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,783

Year Built

  • Built in 1847

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 100
  • Fenced

Parking

  • No Garage

Home Design

  • A-Frame Home
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Walkup Attic
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage
  • Storage Shed

Utilities

  • Cooling Available
  • Heating System Uses Steam
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 14-02046-0000-00033

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,783

Year Built

Built in 1847

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: A-Frame
  • Reso Interior Features: Attic - Walk Up
  • Reso Other Structures: Storage Shed
  • Year Built: 1847
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.06
  • General Property Info Lot Dimensions: 25 x 100
  • ExteriorFence: Yes
  • Exterior Storage: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Garage None4: Yes
  • Interior Attic - Walk Up: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.06
  • Waterfront: No
  • Exterior Features: Fence, Storage
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Steam
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Steam: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • Parcel #: 14-02046-0000-00033
  • Zoning Description: Single Family

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6783.0

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

Mortgage History

Date Status Borrower Loan Amount
Closed 48 Magazine Llc $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2022 03/09/22 Sold $399,000 -20.0% --
10/14/2021 10/14/21 For Sale $499,000 -- --
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 $9,715 $260,600 $66,500 $194,100
2024 $9,715 $260,600 $66,500 $194,100
2022 $6,669 $178,500 $66,500 $112,000
2021 $6,665 $178,500 $66,500 $112,000
2020 $6,783 $178,500 $66,500 $112,000
2019 $6,713 $178,500 $66,500 $112,000
2018 $6,592 $178,500 $66,500 $112,000
2017 $6,355 $178,500 $66,500 $112,000
2016 $6,140 $178,500 $66,500 $112,000
2015 $5,907 $178,500 $66,500 $112,000
2014 $5,535 $178,500 $66,500 $112,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Jakubowski

    Keller Williams Realty Central Monmouth

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22133776

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-02046-0000-00033

New Jersey Essex County Newark 07105 North Ironbound

48 Magazine St, Newark, NJ

This home is located at 48 Magazine St, Newark, NJ 07105 since 31 December 2021 and is currently estimated at $648,623. This property was built in 1847. 48 Magazine St is a home located in Essex County with nearby schools including Hawkins Street Elementary School, Lafayette 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.

MOREMLS (Monmouth Ocean Regional REALTORS®) 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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