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.
Prominent Properties Sotheby's International Realty-EdgewaterListed on: 08/30/2022
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$13,218
Year Built
1910
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
Year Built
1910
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
Year Built (Public Record): 1910
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
DateNameOwned ForOwner Type
Oct 2022 - PresentShafto Carissa and Shafto Patrick2 Years and 7 Months
Private Individual
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%
Total Days on Market
28
Current Estimated Value
$719,922
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,922
Avg. Annual Appreciation
9.18%
Original Mortgage
$431,250
Outstanding Balance
$419,950
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$299,972
Jun 2021 - Oct 202255 Nichols Llc1 Year and 4 Months
Company
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
May 2017 - Jun 2021Env Management Llc4 Years and 1 Month
Company
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
18.51%
Original Mortgage
$135,000
Interest Rate
4.03%
Mortgage Type
Unknown
Jan 2017 - May 2017Kunjan Sanita4 Months
Private Individual
Purchase Details
Closed on
Jan 27, 2017
Sold by
Wells Fargo Bank National Association
Bought by
Kunjan Sanita
Jan 1996 - Jan 2017Gasavage Reynard and Gasavage Kimberly21 Years
Private Individual
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%
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Tax AssessmentTax 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
$11,918
$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
This home is located at 55 Nichols St, Newark, NJ 07105 since 30 August 2022 and is currently estimated at $719,922. This property was built in 1910. 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.