NOT LISTED FOR SALE

518 25th St Union City, NJ 07087

Estimated Value: $462,000 - $574,000

-- Bed
-- Bath
-- Sq Ft
701 Sq Ft Lot

Last Sold July 26, 2022

Last sale price $325,000

Est. 55% increase in value since last sale

Current estimated payment $3,171/month

79 Days on Market

Highlights

  • Property is near public transit
  • Air Conditioning
  • Utility Room
  • Sara M. Gilmore Academy Rated A-
  • Baseboard Heating
  • 3-minute walk to Ellsworth Park

About This Home

As of July 2022

Opportunity knocks!This is a unique opportunity to own an income generating investment home at an affordable price and decent return on investment, in a neighborhood that is gentrifying. A few blocks away from the sought after Weehawken neighborhood, this home is located in the center of Union City, close to busses that take you to NYC port authority in less than twenty minutes, ideal for renters working in NYC. Taxes are relatively lower. Potential for a higher return with upgrades.

Last Agent to Sell the Property

Nevin Ashamalla

COLDWELL BANKER REALTY Listed on: 05/07/2022

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,976

Year Built

  • Built in 2005

Lot Details

  • 701 Sq Ft Lot
  • Lot Dimensions are 25.00 x 28.00

Interior Spaces

  • 2-Story Property
  • Utility Room

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,976

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0161
  • Lot Size: 25.00 x 28.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 2005
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Exterior Entry, Utility Room
  • Interior Amenities: Unit 1(1 Bedroom,2 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room), Unit 2(1 Bedroom,2 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room)
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Near Public Transit

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Wall Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 701

Rental Info

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

Tax Info

  • Tax Annual Amount: 7976
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2018
Sold by
Casal Edith and U S Bank National Association
Bought by
Shalaby Bahaa Aib Gabra
Current Estimated Value
$502,208

Purchase Details

Closed on
May 31, 2006
Sold by
Quesada Martina and Vera Teresa
Bought by
Casal Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 27, 2005
Sold by
Leguizamon Paula and Leguizamon Selenis
Bought by
Quezada Martin and Vern Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,750
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 29, 2004
Sold by
Clark Ventures Llc
Bought by
Leguizamon Paula and Leguizamon Selen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,000
Interest Rate
5.83%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 22, 2004
Sold by
518 25Th Street Llc
Bought by
Clark Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.75%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 30, 2004
Sold by
2500 West Street Llc
Bought by
518 25Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.75%
Mortgage Type
Construction
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
Shalaby Bahaa Aib Gabra $212,000 None Available
Casal Edith $405,000 Multiple
Quezada Martin $365,000 First American Title Ins Co
Leguizamon Paula $330,000 Commonwealth Title
Clark Ventures Llc $185,000 Landmark Title Agency Inc
518 25Th Street Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Casal Edith $81,000
Previous Owner Casal Edith $324,000
Previous Owner Quezada Martin $346,750
Previous Owner Leguizamon Paula $313,000
Previous Owner Clark Ventures Llc $129,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2022 07/26/22 Sold $325,000 -7.1% --
06/19/2022 06/19/22 Off Market $349,999 -- --
06/13/2022 06/13/22 For Sale $349,999 0.0% --
05/07/2022 05/07/22 For Sale $349,999 -- --
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 $5,213 $288,100 $111,500 $176,600
2024 $8,303 $282,100 $108,700 $173,400
2023 $8,303 $108,000 $33,000 $75,000
2022 $8,004 $108,000 $33,000 $75,000
2021 $7,976 $108,000 $33,000 $75,000
2020 $7,885 $108,000 $33,000 $75,000
2019 $7,671 $108,000 $33,000 $75,000
2018 $7,528 $108,000 $33,000 $75,000
2017 $7,456 $108,000 $33,000 $75,000
2016 $7,441 $108,000 $33,000 $75,000
2015 $7,313 $108,000 $33,000 $75,000
2014 $7,154 $108,000 $33,000 $75,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2213565R

All Jersey MLS

APN: 10-00142-0000-00001-02