NOT LISTED FOR SALE

53 Hedden Terrace Unit 55 Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $557,000 - $816,000

8 Beds
3 Baths
-- Sq Ft
5,754 Sq Ft Lot

Last Sold December 26, 2019

Last sale price $150,000

Est. 381% increase in value since last sale

Current estimated payment $5,011/month

17 Days on Market

About This Home

As of December 2019

Remarkable opportunity, legal two family and ready for investor, or end user. Second and third floor can be used as one large apartment, and ground level has large rooms and access to the basement. Private terraced yard and down the block from Mildred Helms Park. Easy access to bus transportation, local shopping and major highways.

Last Agent to Sell the Property

Manuel Couto

Neno-Rosa Agency Listed on: 09/24/2019

Last Buyer's Agent

Manuel Couto

Neno-Rosa Agency Listed on: 09/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,591

Year Built

  • 1907

Lot Details

  • 5,754 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Location

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 071403026 00073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,591

Year Built

1907

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Views/Exposure: None
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: None
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 13
  • Fireplace: None
  • Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Basement: Full, Unfinished
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: None

Utilities

  • Heating: Electric, Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: O/See Rmks
  • Cooling: None

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00073
  • Lot Dimensions: 50x115.11
  • Estimated Lot Sq Ft: 5754
  • Lot Description: Regular

Tax Info

  • Tax: 5591
  • Assessor Parcel Number: 071403026 00073

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2025
Sold by
Hollywood Pro 1 Llc
Bought by
Ep Holdings 13 B Llc
Total Days on Market
17
Current Estimated Value
$721,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Outstanding Balance
$654,930
Interest Rate
7.04%
Mortgage Type
Construction
Estimated Equity
$66,087

Purchase Details

Closed on
Dec 30, 2021
Sold by
Nachlas Mahon Llc
Bought by
Hollywood Pro 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,692,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2020
Sold by
Nachlas Hedden Terr Llc
Bought by
Nachlas Rishon Llc

Purchase Details

Listed on
Sep 24, 2019
Closed on
Dec 19, 2019
Sold by
Wettenstein Ahlomo
Bought by
Nachlas Hedden Ter Llc
Seller's Agent
Manuel Couto
Neno-Rosa Agency
Buyer's Agent
Manuel Couto
Neno-Rosa Agency
List Price
$149,999
Sold Price
$150,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.32%
Original Mortgage
$283,500
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 24, 2019
Closed on
Dec 18, 2019
Sold by
Velocity Commercial Cap
Bought by
Wettenstein Shlomo
Seller's Agent
Manuel Couto
Neno-Rosa Agency
Buyer's Agent
Manuel Couto
Neno-Rosa Agency
List Price
$149,999
Sold Price
$150,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2012
Sold by
Estate Of Vera Mary Williams
Bought by
Dmi Investments Llc
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 Buyer Sale Price Title Company
Ep Holdings 13 B Llc $820,000 Fidelity National Title
Hollywood Pro 1 Llc $529,650 None Listed On Document
Nachlas Rishon Llc -- Universal Title Llc
Nachlas Hedden Ter Llc $270,000 Misc Company
Wettenstein Shlomo $150,000 Misc Company
Dmi Investments Llc $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ep Holdings 13 B Llc $656,000
Previous Owner Hollywood Pro 1 Llc $1,692,000
Previous Owner Nachlas Hedden Ter Llc $283,500
Previous Owner Williams Vera M $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2019 12/26/19 Sold $150,000 0.0% --
10/11/2019 10/11/19 Pending -- -- --
09/24/2019 09/24/19 For Sale $149,999 -- --
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 $11,743 $315,000 $36,400 $278,600
2022 $11,768 $315,000 $36,400 $278,600
2021 $11,762 $315,000 $36,400 $278,600
2020 $5,753 $151,400 $36,100 $115,300
2019 $5,694 $151,400 $36,100 $115,300
2018 $5,591 $151,400 $36,100 $115,300
2017 $5,390 $151,400 $36,100 $115,300
2016 $5,208 $151,400 $36,100 $115,300
2015 $5,010 $151,400 $36,100 $115,300
2014 $4,695 $151,400 $36,100 $115,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1944552

New Jersey MLS

APN: 14-03026-0000-00073