NOT LISTED FOR SALE

50 Johnson St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $911,706 - $1,178,000

-- Bed
5 Baths
3,088 Sq Ft
$337/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $797,000 $258 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,983/month

80 Days on Market

Highlights

  • 0.08 Acre Lot
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Private Yard
  • Patio
  • Fenced

About This Home

As of July 2021

Amazing 3 Family home in the heart of the Ironbound section of Newark. All 3 units in absolutely mint condition. Hardwood floors expand throughout. 1st unit boasts 2 Beds 1 Bath & a LR/DR combo. 2nd & 3rd are identical units w/spacious LR & Dining areas, 2 great sized Bedrooms + a 3rd w/it's own private full bath & an additional full bathroom. The amount of space is undeniable. Each unit with separate utilities. Central AC/Heat, too. Fenced yard w/patio. Plenty of off street parking. The income potential on this is abundant! Rent out all 3 for maximum gain or live in 1 and rent out the other. Either way, this is a guaranteed money maker! Huge investment you don't want to miss out on. This will not last, come & see today! *Showings begin on Saturday 4/10*

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE Listed on: 04/10/2021

RE/MAX 1st ADVANTAGE

Co-Listed By

Thomas Rivas

RE/MAX 1st ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,646

Year Built

  • Built in 2002

Lot Details

  • 3,611 Sq Ft Lot
  • Fenced
  • Level Lot
  • Private Yard

Parking

  • 1 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,088 Sq Ft Home
  • 3-Story Property
  • Carpet
  • Oven or Range

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water), unit 3 owner pays(water)

Community Details

Overview

  • Ironbound Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,646

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0829
  • Lot Size: 0.00 x 0.00
  • Co List Office Mls Id: RFIR03
  • Ownership: Fee Simple
  • Subdivision Name: Ironbound
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 2002
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(Water)
  • Flooring: Unit 3 Carpet
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,Laundry Hookup,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,Laundry Hookup,Living Room,2+ Baths), Unit 3(3 Bedrooms,Kitchen,Laundry Hookup,Living Room,2+ Baths)
  • Living Area: 3088
  • Stories: 3

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Level
  • Exterior Features: Patio, Curbs, Sidewalk, Fencing/Wall, Yard
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage, Attached, 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All, Unit 1(A/C Central), Unit 2(A/C Central), Unit 3(A/C Central)
  • Heating: Zoned, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 3611

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 12646
  • Tax Year: 2020

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
Jul 23, 2021
Sold by
Rivas Thomas M and Rivas Michael E
Bought by
Zhang Jun
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$797,000
Sold Price
$797,000
Current Estimated Value
$1,039,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,177
Avg. Annual Appreciation
7.34%
Original Mortgage
$300,000
Outstanding Balance
$273,381
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$791,557

Purchase Details

Closed on
Jun 22, 2010
Sold by
Abad Wilma I
Bought by
Rivas Thomas M and Rivas Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,100
Interest Rate
4.88%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2003
Sold by
Jac & Jac Inc
Bought by
Abad Wilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,600
Interest Rate
5.93%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Zhang Jun $797,000 None Listed On Document
Rivas Thomas M $420,000 Chicago Title Insurance Co
Abad Wilma $542,910 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Jun $300,000
Previous Owner Rivas Thomas M $368,100
Previous Owner Abad Wilma I $548,000
Previous Owner Abad Wilma $488,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $797,000 0.0% $258 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $797,000 -- $258 / Sq Ft
Source: All 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 $15,986 $428,800 $73,800 $355,000
2024 $15,986 $428,800 $73,800 $355,000
2022 $16,020 $428,800 $73,800 $355,000
2021 $12,427 $332,800 $73,800 $259,000
2020 $12,646 $332,800 $73,800 $259,000
2019 $12,517 $332,800 $73,800 $259,000
2018 $12,290 $332,800 $73,800 $259,000
2017 $11,848 $332,800 $73,800 $259,000
2016 $11,448 $332,800 $73,800 $259,000
2015 $11,012 $332,800 $73,800 $259,000
2014 $10,320 $332,800 $73,800 $259,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Dekanski

    Seller's Agent in 2021

    Robert Dekanski

    RE/MAX

    (800) 691-0485

    2 in this area

    2,874 Total Sales

    Robert Dekanski
    Section Image

  • T

    Seller Co-Listing Agent in 2021

    Thomas Rivas

    RE/MAX

    (732) 423-4687

    1 in this area

    13 Total Sales

    Thomas Rivas
    Section Image
See All Agents

Map

Source: All Jersey MLS

MLS Number: 2114338R

All Jersey MLS

APN: 14-00923-0000-00011-17

New Jersey Essex County Newark 07105 South Ironbound

50 Johnson St, Newark, NJ

This home is located at 50 Johnson St, Newark, NJ 07105 since 10 April 2021 and is currently estimated at $1,039,177, approximately $336 per square foot. This property was built in 2002. 50 Johnson St is a home located in Essex County with nearby schools including Oliver Street School, Lafayette Street Elementary School, and Cleveland Elementary School.

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