55-57 3rd St Newark, NJ 07107
Fairmount Neighborhood
9
Beds
4
Baths
1,932
Sq Ft
4,748
Sq Ft Lot
About This Home
As of September 2024DISCOVER AN INVESTMENT GEM IN NEWARK'S VIBRANT LANDSCAPE. THIS UNIQUE NON-CONFORMING 3-FAM BOASTS 9 BDS, W/ EACH UNIT OFFERING 3 BDS. THE TOP FLOOR STANDS OUT BEING TASTEFULLY UPDATED, FEATURING NEW FLOORING, FRESHLY PAINTED INTERIORS, AND CHIC TILED BATHROOMS W/ NEW VANITIES, & PRIMARY BATH, AND BALCONY ACCESS THROUGH SLIDING DOORS. ENJOY THE CONVENIENCE OF SEPARATE UTILITIES. OUTSIDE, A SPACIOUS DRIVEWAY ACCOMMODATES 4+ CARS, COMPLEMENTED BY 5 DETACHED GARAGES. THE BASEMENT ADDS EXTRA SPACE FOR VARIOUS PURPOSES. BEYOND THE PROPERTY, IMMERSE YOURSELF IN THE VIBRANT NEIGHBORHOOD. CONVENIENTLY LOCATED, THIS RESIDENCE IS A STONE'S THROW AWAY FROM LOCAL AMENITIES, SCHOOLS, AND TRANSPORTATION HUBS. THE OWNER IS IN THE PROCESS OF EXPLORING THE CONVERSION TO A LEGAL 3-FAMILY, A POTENTIAL VALUE ADDITION FOR THE DISCERNING BUYER. THE PROPERTY IS BEING SOLD IN AS-IS CONDITION AND AS A LEGAL 2 FAMILY HOME. DON'T MISS THE CHANCE TO OWN THIS VERSATILE PROPERTY IN A THRIVING COMMUNITY!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,377
Lot Details
- Lot Dimensions are 50x95
Parking
- 5 Car Garage
Home Design
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00036 / 01878
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2024
Closed on
May 10, 2024
Sold by
Gs 55 3Rd St Llc
Bought by
Ortega Scarlet
Seller's Agent
Kerwin Lynch
RE/MAX FIRST REALTY II
Buyer's Agent
TEVIN LEWIS
NEIGHBORHOOD ASSISTANCE CORP.
List Price
$799,000
Sold Price
$799,000
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,882
Avg. Annual Appreciation
1.79%
Original Mortgage
$799,000
Outstanding Balance
$791,724
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$24,158
Purchase Details
Closed on
Oct 31, 2023
Sold by
Charlemagne Francis M
Bought by
Gs 55 3Rd St Llc
Purchase Details
Closed on
Sep 13, 2018
Sold by
Jacques Richard J
Bought by
Charlemagne Francis M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
4.71%
Purchase Details
Closed on
Jun 26, 2015
Sold by
Mcgriff Taheerah
Bought by
Jean-Jacques Richard
Purchase Details
Listed on
Jun 20, 2014
Closed on
Jun 20, 2014
Sold by
Harris Starlett
Bought by
Mcgriff Taheerah
Seller's Agent
Carlene Winter
RE/MAX HOME PROS
Buyer's Agent
Yolanda Bass
RE/MAX FIRST REALTY II
Sold Price
$86,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.51%
Purchase Details
Closed on
Jun 15, 2010
Sold by
Carter David
Bought by
Harris Starlett N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
4.57%
Mortgage Type
FHA
Purchase Details
Closed on
May 17, 2007
Sold by
Born Asiatic Inc
Bought by
Carter David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
10.9%
Mortgage Type
Purchase Money Mortgage
Similar Home in Newark, NJ
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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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $799,000 | Prominent Title | |
| Deed | $550,000 | None Listed On Document | |
| Deed | $365,000 | -- | |
| Deed | $330,000 | -- | |
| Deed | $86,000 | -- | |
| Quit Claim Deed | $86,000 | -- | |
| Bargain Sale Deed | $270,000 | Fidelity Natl Title Ins Co | |
| Deed | $585,000 | Royal Title Service Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $799,000 | New Conventional | |
| Previous Owner | $365,000 | No Value Available | |
| Previous Owner | $265,109 | FHA | |
| Previous Owner | $526,500 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $799,000 | 0.0% | $414 / Sq Ft |
| 05/09/2024 05/09/24 | Pending | -- | -- | -- |
| 01/26/2024 01/26/24 | For Sale | $799,000 | +829.1% | $414 / Sq Ft |
| 06/20/2014 06/20/14 | Sold | $86,000 | -- | $45 / Sq Ft |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $9,357 | $251,000 | $23,900 | $227,100 |
| 2022 | $9,377 | $251,000 | $23,900 | $227,100 |
| 2021 | $9,372 | $251,000 | $23,900 | $227,100 |
| 2020 | $9,538 | $251,000 | $23,900 | $227,100 |
| 2019 | $7,913 | $210,400 | $23,900 | $186,500 |
| 2018 | $7,770 | $210,400 | $23,900 | $186,500 |
| 2017 | $7,490 | $210,400 | $23,900 | $186,500 |
| 2016 | $7,238 | $210,400 | $23,900 | $186,500 |
| 2015 | $6,962 | $210,400 | $23,900 | $186,500 |
| 2014 | $6,884 | $222,000 | $23,900 | $198,100 |
Source: Public Records
Agents Affiliated with this Home
-
Olivier Louis
Seller's Agent in 2024
Olivier Louis
RE/MAX
(732) 803-1335
5 in this area
149 Total Sales
-
Tevin Lewis
T
Buyer's Agent in 2024
Tevin Lewis
Neighborhood Assistance Corp. of America
(866) 201-6210
1 in this area
5 Total Sales
-
Carlene Winter
C
Seller's Agent in 2014
Carlene Winter
RE/MAX
(908) 507-9210
1 in this area
49 Total Sales
-
Yolanda Bass
Buyer's Agent in 2014
Yolanda Bass
RE/MAX
(973) 220-9073
21 Total Sales
Map
Source: New Jersey MLS
MLS Number: 24002946
APN: 14-01878-0000-00036
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