NOT LISTED FOR SALE

536 Midland Ave Garfield, NJ 07026

Estimated Value: $571,000 - $693,000

4 Beds
2 Baths
1,653 Sq Ft
$376/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $500,000 $302 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,769/month

49 Days on Market

About This Home

As of April 2022

Welcome to this well maintained 2 family in Garfield. 1st floor unit has been renovated in 2020 with a new kitchen and appliances and is a cozy one bedroom, one bath that is rented at $1,250/ month. The upstairs unit is a 3 bedroom/ 1 Bath plus a Den, occupying 2nd and 3rd floors of the home and has a lot of potential with some updates. Was renting below market level at $1,500/month. Fairly low taxes at $5,680 and insurance at $1,500 per year. Separate Gas and Electric heater and hookups for Laundry in the basement. (Coin laundry here would add additional income). Roof was updated in 2015, Boiler was updated in 2014. Great investment opportunity, very aggressively priced with a roughly a 5.75% CAP!

Last Agent to Sell the Property

Michael Trefel

Keller Williams Village Square Realty Listed on: 01/21/2022

Keller Williams Village Square Realty

Last Buyer's Agent

Josiady Acevedo

United Real Estate

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,690

Lot Details

  • 2,919 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00003 / 00216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,690

Lot Details

2,919 Sq Ft Lot

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 551-284-0175
  • MLS Status: Sold - Sold
  • Directions: Outwater to Midland
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Size Sq Ft: 2919.0

Tax Info

  • Tax Annual Amount: 5690.0
  • Tax Block: 00216
  • Tax Lot: 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Apr 29, 2022
Sold by
Rugova and Jashar
Bought by
Salazar Jonathan and Moris Carmen D
Seller's Agent
Michael Trefel
Keller Williams Village Square Realty
Buyer's Agent
Josiady Acevedo
United Real Estate
List Price
$450,000
Sold Price
$500,000
Premium/Discount to List
$50,000
11.11%
Current Estimated Value
$621,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,715
Avg. Annual Appreciation
5.78%
Original Mortgage
$490,943
Outstanding Balance
$463,872
Interest Rate
4.67%
Mortgage Type
FHA
Estimated Equity
$157,843

Purchase Details

Closed on
Dec 21, 2006
Sold by
Hahn Arlene
Bought by
Rugova Hatema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.29%

Purchase Details

Closed on
Mar 10, 1999
Sold by
Hahn Dennis
Bought by
Hahn Arlene
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Salazar Jonathan $500,000 Sunnyside Title
Rugova Hatema $335,000 --
Hahn Arlene -- --
Hahn Arlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salazar Jonathan $490,943
Previous Owner Rugova Hatema $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $500,000 +11.1% $302 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $450,000 -- $272 / Sq Ft
Source: New Jersey MLS

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 $6,410 $192,100 $75,700 $116,400
2024 $6,303 $192,100 $75,700 $116,400
2023 $5,992 $192,100 $75,700 $116,400
2022 $5,992 $192,100 $75,700 $116,400
2021 $5,817 $192,100 $75,700 $116,400
2020 $5,690 $192,100 $75,700 $116,400
2019 $5,582 $192,100 $75,700 $116,400
2018 $5,458 $192,100 $75,700 $116,400
2017 $5,362 $192,100 $75,700 $116,400
2016 $5,202 $192,100 $75,700 $116,400
2015 $5,073 $192,100 $75,700 $116,400
2014 $4,939 $192,100 $75,700 $116,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 22002177

New Jersey MLS

APN: 21-00216-13-00003

Your Personal Tour Guide

Ask me questions while you tour the home.