NOT LISTED FOR SALE

55 Nichols St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $640,000 - $734,000

5 Beds
3 Baths
-- Sq Ft
2,211 Sq Ft Lot

Last Sold November 01, 2022

Last sale price $575,000

Est. 19% increase in value since last sale

Current estimated payment $4,776/month

28 Days on Market

About This Home

As of November 2022

Nicely renovated multifamily located in the heart of Ironbound section of Newark. The first unit has 2 decent size bedrooms, eat-in kitchen living room/dining room an additional office room and access for storage in the basement. The second unit has 3 decent size bedrooms, eat-in kitchen, living room/dining room. This house has yard, and the basement is partially finished. Close to all shops, schools and easy commute to the city. Be sure to explore the real 3D Virtual Tour & the detailed floor plans we prepared for you! A must see.

Last Agent to Sell the Property

Valeria Martinez

Prominent Properties Sotheby's International Realty-Edgewater Listed on: 08/30/2022

Prominent Properties Sotheby's International Realty-Edgewater

Last Buyer's Agent

Christopher Lugo-Marrero

Keller Williams Realty - NJ Metro Group

Keller Williams Realty - NJ Metro Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,218

Lot Details

  • 2,211 Sq Ft Lot
  • Lot Dimensions are 20x75

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Laundry in Basement

Listing and Financial Details

  • Legal Lot and Block 00069 / 00959

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,218

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, Hook Ups
  • Co List Office Phone: 201-997-4425
  • MLS Status: Sold - Sold
  • Directions: Pacific st to Nichols
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,2020's,Renovated,Build Prior to 1978
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Remarks: OFFICE AND BATH, LAUNDRY RM, STORAGE RM

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

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

Lot Info

  • Lot Dimensions: 20x75
  • Lot Size Sq Ft: 2211.0

Tax Info

  • Tax Annual Amount: 13218.0
  • Tax Block: 00959
  • Tax Lot: 00069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Oct 31, 2022
Sold by
55 Nichols Llc
Bought by
Shafto Carissa and Shafto Patrick
Seller's Agent
Valeria Martinez
Prominent Properties Sotheby's International Realty-Edgewater
Buyer's Agent
Christopher Lugo-Marrero
Keller Williams Realty - NJ Metro Group
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Current Estimated Value
$684,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,994
Avg. Annual Appreciation
6.31%
Original Mortgage
$431,250
Outstanding Balance
$418,670
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$261,733

Purchase Details

Closed on
Jun 18, 2021
Sold by
Env Management Llc
Bought by
55 Nichols Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 1, 2017
Closed on
May 18, 2017
Sold by
Kunjan Sanita
Bought by
Env Management Llc
Seller's Agent
Dennis Seecharan
AAA COMMUNITY REALTY
Buyer's Agent
Dennis Seecharan
AAA COMMUNITY REALTY
List Price
$249,000
Sold Price
$185,000
Premium/Discount to List
-$64,000
-25.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.24%
Original Mortgage
$135,000
Interest Rate
4.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 27, 2017
Sold by
Wells Fargo Bank National Association
Bought by
Kunjan Sanita

Purchase Details

Closed on
Jan 31, 1996
Sold by
Ragonese Theresa
Bought by
Gasavage Reynard and Gasavage Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.1%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shafto Carissa $575,000 True Value Title
55 Nichols Llc $415,000 Sunnyside Title
Env Management Llc $165,000 Elite Title Group Llc
Kunjan Sanita $131,250 None Available
Gasavage Reynard $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shafto Carissa $431,250
Previous Owner 55 Nichols Llc $390,000
Previous Owner Env Management Llc $135,000
Previous Owner Env Management Llc $135,000
Previous Owner Gasavage Reynard J $260,500
Previous Owner Gasavage Kimberly $178,000
Previous Owner Gasavage Reynard $100,000
Previous Owner Gasavage Reynard $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $575,000 +4.5% --
09/27/2022 09/27/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $550,000 +197.3% --
05/23/2017 05/23/17 Sold $185,000 -25.7% --
05/02/2017 05/02/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $249,000 -- --
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
2025 $11,918 $319,700 $58,500 $261,200
2024 $11,918 $319,700 $58,500 $261,200
2022 $13,225 $354,000 $58,500 $295,500
2021 $13,218 $354,000 $58,500 $295,500
2020 $15,926 $419,100 $58,500 $360,600
2019 $15,762 $419,100 $58,500 $360,600
2018 $3,715 $100,600 $58,500 $42,100
2017 $3,581 $100,600 $58,500 $42,100
2016 $3,461 $100,600 $58,500 $42,100
2015 $3,329 $100,600 $58,500 $42,100
2014 $3,120 $100,600 $58,500 $42,100
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2022

    Valeria Martinez

    Prominent Properties Sotheby's International Realty-Edgewater

    (973) 885-3625

    1 in this area

    2 Total Sales

    Section Image

  • C

    Buyer's Agent in 2022

    Christopher Lugo-Marrero

    Keller Williams Realty - NJ Metro Group

    (973) 783-7400

    2 in this area

    14 Total Sales

    Section Image

  • D

    Seller's Agent in 2017

    Dennis Seecharan

    AAA COMMUNITY REALTY

    (201) 680-1280

    9 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22032179

New Jersey MLS

APN: 14-00959-0000-00069

New Jersey Essex County Newark 07105 South Ironbound

55 Nichols St, Newark, NJ

This home is located at 55 Nichols St, Newark, NJ 07105 since 30 August 2022 and is currently estimated at $680,403. 55 Nichols St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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