$600,000
SOLD DEC 13, 2024

56-58 Shaw Ave Newark, NJ 07112

Weequahic Neighborhood
-- Bed
-- Bath
2,934 Sq Ft
4,212 Sq Ft Lot

Recently Sold

$204 Per Sq Ft

20% Above List Price

142 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Private Entrance
  • Cul-De-Sac
  • Air Conditioning
  • 3-minute walk to Saint Peters Park

About This Home

As of December 2024

*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE Listed on: 04/27/2024

RE/MAX 1st ADVANTAGE

Co-Listed By

Jusuf Budzaku

RE/MAX 1st ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,478

Year Built

  • Built in 1927

Lot Details

  • 4,212 Sq Ft Lot
  • Lot Dimensions are 100.00 x 0.00
  • Cul-De-Sac
  • Private Entrance
  • Fenced
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,934 Sq Ft Home
  • 3-Story Property
  • Blinds
  • Utility Room
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Laundry in Basement
  • Basement Storage

Home Security

  • Storm Screens
  • Storm Doors

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Air Conditioning
  • Window Unit Cooling System
  • Radiator
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric fuel water gas), unit 2 owner pays(water), unit 3 owner pays(water)

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Additional Features

  • Essex Park Subdivision
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,478

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0967
  • Lot Size: 100.00 x 0.00
  • Co List Office Mls Id: RFIR03
  • Ownership: Fee Simple
  • Subdivision Name: Essex Park
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1927
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven), Unit 3(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Electric,Fuel,Water,Gas), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(Water)
  • Has Basement: Full, Bath Full, Storage Space, Interior Entry, Utility Room, Laundry Facilities
  • Interior Amenities: Unit 1(Dining Room,2 Bedrooms,Kitchen,Living Room,2+ Baths), Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 2934
  • Stories: 3
  • Window Features: Screen/Storm Window, Blinds, Screens/Storms

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Cul-De-Sac, Level, Near Public Transit
  • Exterior Features: Curbs, Porch(es) - Open, Screen/Storm Window, Door(s)-Storm/Screen, Sidewalk, Fencing/Wall, Blinds, Semi-Private Entry, Porch, Storage Area-Common, Screens/Storms
  • Patio And Porch Features: Porch(es) - Open, Porch
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 4(+)Car Parking, Paved

Utilities

  • Gas Company: Oil
  • Cooling: A/C Window Unit(s), Unit 1(A/C Unit)
  • Heating: Radiators-Hot Water, See Remarks
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 4212

Tax Info

  • Tax Annual Amount: 6478
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2024
Closed on
Nov 20, 2024
Sold by
Ford-Harrison Eloise and Ford Eloise
Bought by
Soliz Boris Esteban Dias and Soliz Lauro Esteban
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$499,999
Sold Price
$600,000
Premium/Discount to List
$100,001
20%
Total Days on Market
142
Views
144
Current Estimated Value
$591,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,211
Avg. Annual Appreciation
-2.67%
Original Mortgage
$589,132
Outstanding Balance
$586,587
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$5,202

Purchase Details

Closed on
Feb 18, 2021
Sold by
Karka Vermont Llc
Bought by
Gross Aron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,900
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2005
Sold by
Jackson Mary Emma
Bought by
Ford Eloise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,236
Interest Rate
5.71%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 1992
Sold by
Scott Genevieve
Bought by
Jackson Mary E and Jackson Morrison,Alvin G

Purchase Details

Closed on
Sep 27, 1988
Sold by
Scott Jesse
Bought by
Oliver William
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $600,000 Stewart Title
Deed -- Universal Title Llc
Deed $225,000 --
Deed $107,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $589,132 FHA
Previous Owner $283,900 New Conventional
Previous Owner $7,536 FHA
Previous Owner $223,236 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $600,000 +20.0% $204 / Sq Ft
04/27/2024 04/27/24 For Sale $499,999 -- $170 / Sq Ft
Source: All 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
2024 $6,464 $173,400 $29,800 $143,600
2022 $6,478 $173,400 $29,800 $143,600
2021 $6,475 $173,400 $29,800 $143,600
2020 $6,589 $173,400 $29,800 $143,600
2019 $6,522 $173,400 $29,800 $143,600
2018 $6,404 $173,400 $29,800 $143,600
2017 $6,173 $173,400 $29,800 $143,600
2016 $5,965 $173,400 $29,800 $143,600
2015 $5,738 $173,400 $29,800 $143,600
2014 $5,377 $173,400 $29,800 $143,600
Source: Public Records

Agents Affiliated with this Home

  • Robert Dekanski

    Seller's Agent in 2024

    Robert Dekanski

    RE/MAX

    (800) 691-0485

    6 in this area

    3,010 Total Sales

    Robert Dekanski
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jusuf Budzaku

    RE/MAX

    (732) 570-6059

    1 in this area

    4 Total Sales

    Jusuf Budzaku
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2411030R

All Jersey MLS

APN: 14-03063-0000-00008

New Jersey Essex County Newark 07112 Weequahic

56-58 Shaw Ave, Newark, NJ

This home is located at 56-58 Shaw Ave, Newark, NJ 07112 and is currently priced at $600,000, approximately $204 per square foot. This property was built in 1927. 56-58 Shaw Ave is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

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