NOT LISTED FOR SALE

Estimated Value: $794,000 - $1,082,000

6 Beds
4.5 Baths
-- Sq Ft
3,999 Sq Ft Lot

Last Sold February 18, 2021

Last sale price $596,000

Est. 49% increase in value since last sale

Current estimated payment $6,429/month

7 Days on Market

Highlights

  • Views to the South
  • Detached Garage
  • Rectangular Lot
  • Property is near a park
  • Laundry Facilities
  • 3-minute walk to Plaza Felton Field

About This Home

As of February 2021

Well maintained 4 family with 3 garages and a private driveway for 4 cars. All 4-room apartments with eat-in kitchens, good-sized rooms and wood floors. 2 1-bedroom apartments on 1st floor with dining rooms. 2 2-bedroom apartments on 2nd floor. Unit 2R beautifully renovated with new white shaker kitchen cabinets, quartz countertops with a peninsula, new gas range, new dishwasher, porcelain floor in kitchen and new Lifeproof flooring in other rooms. Unit 1R has new tiled floor in kitchen. Rent for Unit 1L is $1,110 plus $100 for a garage for storage. 4 separate utilities. Conveniently located near Rt 280, 21, the Parkway, and Branch Brook Park. Within 13-minute walk to Watsessing Ave NJ Transit Station. Monthly rent for 3 tenant occupied units: 1250+1210+1260=3720. Potential rent for the renovated unit: $1650 with parking & laundry. Annual expenses: Insurance $1184, Water $1080, Common area & basement lighting $624, Taxes $15040.

Last Listed By

Aina Lin-Hsieh

Neno-Rosa Agency Listed on: 09/30/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,040

Year Built

  • 1929

Lot Details

  • 3,999 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Property Views

  • Views to the South

Home Design

  • Built between 1900 - 1939
  • Brick Exterior Construction
  • Clapboard

Bedrooms and Bathrooms

  • 6 Bedrooms

Location

  • Property is near a park
  • Property is near public transit
  • Property is near shops

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 070200045 00041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,040

Year Built

1929

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 4 Family
  • Lifestyle: Close/Parks, Close/Shopg, Close/Trans
  • Views/Exposure: South
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: Hdwd As In, Strms/Scrns
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 16
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Partial Bathroom: 1
  • Basement: Prt Finished
  • Basement: Semi finished with a half bath, laundry, and utilities
  • Laundry: Basement
  • Items Included: 4 refrigerators, washer, dryer, dishwasher

Exterior Features

  • Waterfront: None
  • Exterior Finish: Aluminum, Brick Faced, Clapboard

Garage/Parking

  • Garage: 3+car Garage, Detached, Park Space

Utilities

  • Heating: Gas, Radiators, Steam
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: None

Lot Info

  • County Name: ESSEX
  • Locale: 200
  • Lot: 00041
  • Lot Dimensions: 40x100
  • Estimated Lot Sq Ft: 3999
  • Lot Description: Regular

Tax Info

  • Tax: 15040
  • Assessor Parcel Number: 070200045 00041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Feb 18, 2021
Sold by
Mcrae Rosamaria and Rosa Rosamaria
Bought by
Weng Jian Q
Seller's Agent
Aina Lin-Hsieh
Neno-Rosa Agency
Buyer's Agent
Aina Lin-Hsieh
Neno-Rosa Agency
List Price
$569,000
Sold Price
$596,000
Premium/Discount to List
$27,000
4.75%
Total Days on Market
7
Current Estimated Value
$890,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,176
Avg. Annual Appreciation
9.90%
Original Mortgage
$426,750
Outstanding Balance
$386,873
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$503,303

Purchase Details

Closed on
Feb 28, 2014
Sold by
Mcrae Ernie
Bought by
Mcrae Rosamaria

Purchase Details

Closed on
Oct 26, 2004
Sold by
Scirica Peter
Bought by
Mcrae Ernie and Mcrae Rosemaria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
5.71%

Purchase Details

Closed on
Sep 6, 2001
Sold by
Prato Carmella
Bought by
Scirica Peter and Scirica Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.99%

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
Weng Jian Q $596,000 None Available
Mcrae Rosamaria -- --
Mcrae Rosamaria -- --
Mcrae Ernie $429,900 --
Scirica Peter $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weng Jian Q $426,750
Previous Owner Mcrae Ernie $430,000
Previous Owner Mcrae Ernie $378,000
Previous Owner Scirica Peter $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $596,000 +4.7% --
10/07/2020 10/07/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $569,000 -- --
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
2024 $17,644 $539,900 $90,400 $449,500
2022 $17,288 $539,900 $90,400 $449,500
2021 $14,964 $476,100 $90,400 $385,700
2020 $14,735 $476,100 $90,400 $385,700
2019 $15,040 $377,800 $89,000 $288,800
2018 $14,976 $377,800 $89,000 $288,800
2017 $14,749 $377,800 $89,000 $288,800
2016 $14,583 $377,800 $89,000 $288,800
2015 $14,451 $377,800 $89,000 $288,800
2014 $14,186 $377,800 $89,000 $288,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20041142

New Jersey MLS

APN: 02-00045-0000-00041