NOT LISTED FOR SALE

56 Pine Grove Terrace Unit 2nd Floor Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $451,000 - $576,000

5 Beds
2 Baths
1,850 Sq Ft
$281/Sq Ft Est. Value

Highlights

  • Property is near a park
  • Living Room
  • Hot Water Heating System
  • Wood Flooring
  • Dining Room

About This Home

As of March 2022

Great multi-story 5-bedroom, 2-bathroom apartment in the Lower Vailsburg section of Newark and within walking distance to park and shopping. Near bus station to downtown Newark and Newark Penn Station. Plenty of street parking.All applicants must provide proof of income, NTN/credit report, tax returns. All showings to be coordinated with listing agent.

Last Agent to Rent the Property

Alain Chahine

CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP License #1859115 Listed on: 03/01/2022

Last Renter's Agent

Alain Chahine

CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP License #1859115 Listed on: 03/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,659

Year Built

  • 1918

Lot Details

  • 3,703

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,850 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Dining Room

Kitchen

  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 00122 / 04052
  • Assessor Parcel Number 42206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,659

Year Built

1918

Lot Details

0

Rental Info

  • Rental Date: 03/29/2022
  • Credit Check Required: Y
  • Rental Amount: 2500
  • Lease: Yes

Listing Details

  • Class: RESIDENTIAL RENTAL
  • Type: Multi Family
  • Building Style: Multi-Level
  • Inclusions: Refrigerator, Dishwasher, Oven/Range.
  • Lead Paint Form: Yes
  • Miscellaneous: Near Shopping, Near Bus, Near Parks, Near Schools
  • Assessor Parcel Number: 42206
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1918

Interior Features

  • Floor Number: 2nd
  • Appliances Included: Dishwasher, Refrigerator, Oven/Range Gas
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Bedrooms: 5
  • Total Rooms: 8
  • Total Dining Rooms: 1
  • Total Kitchens: 1
  • Total Living Rooms: 1
  • Level 2 Bedrooms: 3
  • Level 2 Dining Rooms: 1
  • Level 2 Full Bathrooms: 1
  • Level2 Ktichens: 1
  • Level 2 Living Rooms: 1
  • Level 3 Bedrooms: 2
  • Level 3 Full Bathrooms: 1
  • Estimated Sq Ft: 1850
  • Price Per Sq Ft: 1.35

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Utilities

  • Heating/Cooling: A/C Window, Electric, Gas, Hot Water, Radiators
  • Ll Water: Y

Association/Amenities

  • Amenities Included: Hardwood Floor, Wall to Wall Carpet

Lot Info

  • Geo Address Line: 56 Pine Grove Ter # 58
  • Geo Primary City: Newark
  • Geo Quality: 0.95
  • Geo Update Timestamp: 03/01/2022
  • Geo Zoom Level: 16
  • Lot: 00122

Tax Info

  • Ll Taxes: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2007
Sold by
Traore Issouf
Bought by
Gassama Serigne
Current Estimated Value
$519,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2004
Sold by
Bonneau Jean
Bought by
Gassama Serigne and Traore Issouf

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,500
Interest Rate
5.83%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 2002
Sold by
Chestnut Jose
Bought by
Bonneau Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.18%

Purchase Details

Closed on
Feb 1, 1997
Sold by
Bonneau Jean
Bought by
Chestnut Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.78%
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 Buyer Sale Price Title Company
Gassama Serigne -- New Vision Title Agency
Gassama Serigne $182,000 --
Bonneau Jean $150,000 --
Chestnut Jose $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gassama Serigne $207,570
Closed Gassama Serigne $210,000
Previous Owner Gassama Serigne $176,500
Previous Owner Bonneau Jean $105,000
Previous Owner Chestnut Jose $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Rented $2,500 0.0% --
03/13/2022 03/13/22 Under Contract -- -- --
03/01/2022 03/01/22 For Rent $2,500 -- --
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
2025 $5,659 $151,800 $16,700 $135,100
2024 $5,659 $151,800 $16,700 $135,100
2022 $5,671 $151,800 $16,700 $135,100
2021 $5,668 $151,800 $16,700 $135,100
2020 $5,768 $151,800 $16,700 $135,100
2019 $5,709 $151,800 $16,700 $135,100
2018 $5,606 $151,800 $16,700 $135,100
2017 $5,404 $151,800 $16,700 $135,100
2016 $5,222 $151,800 $16,700 $135,100
2015 $5,023 $151,800 $16,700 $135,100
2014 $4,707 $151,800 $16,700 $135,100
Source: Public Records

Agents Affiliated with this Home

  • Alain Chahine

    Landlord's Agent in 2022

    Alain Chahine

    CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP

    (908) 512-2623

    11 Total Sales

    Alain Chahine
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Map

Source: Hudson County MLS

MLS Number: 220003480

Hudson County MLS

APN: 14-04052-0000-00122

New Jersey Essex County Newark 07106 Lower Vailsburg

56 Pine Grove Terrace Unit 2nd Floor, Newark, NJ

This home is located at 56 Pine Grove Terrace Unit 2nd Floor, Newark, NJ 07106 since 01 March 2022 and is currently priced at $519,798. This property was built in 1918. 56 Pine Grove Terrace Unit 2nd Floor is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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