NOT LISTED FOR SALE

5502 Park Ave Unit 4 West New York, NJ 07093

Estimated Value: $728,346 - $879,000

5 Beds
2 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold May 22, 2023

Last sale price $691,000

Est. 21% increase in value since last sale

Current estimated payment $5,643/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Living Room
  • 4-minute walk to War Memorial
  • 3 Car Attached Garage

About This Home

As of May 2023

5502 Park Ave, West New York is a rare multi family property that comes with parking, outdoor space, and is vacant and ready to purchase with ease, and less the headaches! Step into this opportunity with two options: You can owner occupy and rent out the other unit or keep it as a full investment property! You'll get a solid brick bi-level 2 family home with 2 roomy apartments. Ground Floor: 2 bedrooms, 1 bath, Top Floor: 3 bedrooms, 1 bath, also separate water heaters and furnaces, attached garage with ample parking that opens access to a spacious-private courtyard through the back of the house, and much more. Only one block from Kennedy Boulevard, close to Old Glory Park, and other parks along the Hudson River. Close to buses, the NY Ferry, and Light Rail. Get easy commuter's access to all major highways, Lincoln Tunnel, and George Washington Bridge. Close by are schools, supermarkets, houses of worship and nightlife. With current inventory so low, the multi-family market is hot right now, so put this on the top of your search list and book your safe and easy showing today!

Last Agent to Sell the Property

Tarek Hassieb

LIBERTY REALTY LLC License #1648869 Listed on: 02/16/2023

LIBERTY REALTY LLC

Last Buyer's Agent

Tarek Hassieb

LIBERTY REALTY LLC License #1648869 Listed on: 02/16/2023

LIBERTY REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,720

Lot Details

  • 3,093

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture
  • Split Level Home
  • Brick Exterior Construction

Interior Spaces

  • Multi-Level Property
  • Living Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms

Additional Features

  • Lot Dimensions are 40 x 77
  • Heating System Uses Gas

Listing and Financial Details

  • Exclusions: All personal property
  • Legal Lot and Block 00011 / 00072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,720

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Building Style: Colonial, Split Level, Multi-Level
  • Exclusions: All personal property
  • Lead Paint Form: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Total Bedrooms: 5
  • Total Kitchens: 2
  • Total Living Rooms: 2
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Second Floor Bedrooms: 3
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Fl1 Rooms: 4
  • Fl2 Rooms: 5

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 3+ Cars, Attached, Covered, Garage

Utilities

  • Heating/Cooling: Gas

Lot Info

  • Geo Address Line: 5502 Park Ave
  • Geo Primary City: West New York
  • Geo Quality: 0.95
  • Geo Update Timestamp: 02/17/2023
  • Geo Zoom Level: 16
  • Lot: 00011
  • Lot Size: 40 x 77

Tax Info

  • Year: 2022
  • Taxes: 11720

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
May 22, 2023
Sold by
Ftr-First Texas Realty Ltd
Bought by
Ssr Realty Llc
Seller's Agent
Tarek Hassieb
LIBERTY REALTY LLC
Buyer's Agent
Tarek Hassieb
LIBERTY REALTY LLC
List Price
$675,000
Sold Price
$691,000
Premium/Discount to List
$16,000
2.37%
Views
642
Current Estimated Value
$833,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,587
Avg. Annual Appreciation
10.20%
Original Mortgage
$380,000
Outstanding Balance
$372,711
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$472,981

Purchase Details

Closed on
Aug 29, 2005
Sold by
Debarros Arnaldo S and Budzillas Maria D
Bought by
Ftr First Texas Realty Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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
Ssr Realty Llc $691,000 None Listed On Document
Ftr First Texas Realty Ltd $450,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ssr Realty Llc $380,000
Previous Owner Ftr First Texas Realty Ltd $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $691,000 +2.4% --
02/20/2023 02/20/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $675,000 -- --
Source: Hudson County 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 $11,982 $151,000 $90,000 $61,000
2023 $11,982 $151,000 $90,000 $61,000
2022 $11,721 $151,000 $90,000 $61,000
2021 $11,610 $151,000 $90,000 $61,000
2020 $11,529 $151,000 $90,000 $61,000
2019 $11,419 $151,000 $90,000 $61,000
2018 $11,366 $151,000 $90,000 $61,000
2017 $11,316 $151,000 $90,000 $61,000
2016 $11,023 $151,000 $90,000 $61,000
2015 $10,812 $151,000 $90,000 $61,000
2014 $11,443 $171,000 $90,000 $81,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson County MLS

MLS Number: 230002713

Hudson County MLS

APN: 12-00072-0000-00011