$750,000
SOLD DEC 20, 2024

524 42nd St Union City, NJ 07087

-- Bed
5 Baths
-- Sq Ft
2,500 Sq Ft Lot

Recently Sold

10% Above List Price

178 Days on Market

About This Home

As of December 2024

Two commercial units nestled in a prime area in Union City. You may convert to residential, however, please contact Union City for confirmation on process. Located between Kennedy Blvd. and Bergenline Avenue, and 1/2 block away from municipal parking, this two unit commercial building is ready for you! First floor is set up as a dental office, and the second floor is a skin care center. Dental business potentially for sale. This property is zoned for low density residential, and currently has a variance to operate as two commercial units. Taxes may change upon conversion. Utilities are separate. Do not miss your opportunity to move your business here or convert into a high income producing non-rent controlled two family home.

Last Agent to Sell the Property

Raymond Bulin

Bulin Associates, Inc. Listed on: 06/25/2024

Last Buyer's Agent

Glensy Brizuela

Lifestyle International Realty

Lifestyle International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,963

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100

Parking

  • 4 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00015 / 00244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,963

Lot Details

0

Parking

4

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (201) 392-8100
  • MLS Status: Sold - Sold
  • Directions: Kennedy Blvd. to 42nd Street
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Half Bathrooms: 5
  • Basement Remarks: 2 rooms, 1/2 bath, 4 car parking

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 4.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 10963.0
  • Tax Block: 00244
  • Tax Lot: 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Dec 20, 2024
Sold by
Valerio Michael and Kelly Francis J
Bought by
524 42Th St Llc
Seller's Agent
Raymond Bulin
Bulin Associates, Inc.
Buyer's Agent
Glensy Brizuela
Lifestyle International Realty
List Price
$679,900
Sold Price
$750,000
Premium/Discount to List
$70,100
10.31%
Views
80
Current Estimated Value
$761,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,885
Avg. Annual Appreciation
2.57%
Original Mortgage
$635,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $750,000 First Jersey Title Services
Bargain Sale Deed $750,000 First Jersey Title Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $635,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Off Market $750,000 -- --
12/20/2024 12/20/24 Sold $750,000 +10.3% --
06/25/2024 06/25/24 For Sale $679,900 -- --
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 $14,131 $609,100 $312,500 $296,600
2023 $14,131 $183,800 $117,500 $66,300
2022 $13,621 $183,800 $117,500 $66,300
2021 $13,574 $183,800 $117,500 $66,300
2020 $13,419 $183,800 $117,500 $66,300
2019 $13,055 $183,800 $117,500 $66,300
2018 $12,811 $183,800 $117,500 $66,300
2017 $12,690 $183,800 $117,500 $66,300
2016 $12,664 $183,800 $117,500 $66,300
2015 $12,445 $183,800 $117,500 $66,300
2014 $12,175 $183,800 $117,500 $66,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24020275

New Jersey MLS

APN: 10-00244-0000-00015