NOT LISTED FOR SALE

583 Sanford Ave Unit 585 Newark, NJ 07106

Upper Vailsburg Neighborhood

Estimated Value: $488,823 - $722,000

7 Beds
3 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold February 04, 2021

Last sale price $450,000

Est. 32% increase in value since last sale

Current estimated payment $3,833/month

49 Days on Market

About This Home

As of February 2021

Extraordinary opportunity to own an income generating 3 family property! This property features 7 bedrooms, 3 full bathrooms. All units are located in an under/over setting. First floor same replica as the second. Top unit is a 1 BDRM, 1 Bath including updated Kitchen and Living Room. Driveway for 4 cars and plenty of on street parking space. A true money making machine close to malls, shop and NYC Transportation

Last Agent to Sell the Property

Hernan Castro

The Real Estate Company Listed on: 11/03/2020

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,991

Year Built

  • 1905

Lot Details

  • 5,001 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Brick Exterior Construction
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 071404122 00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,991

Year Built

1905

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Views/Exposure: None
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 15
  • Fireplace: None
  • Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick, Vinyl

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas, Radiators, Steam
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: None

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00007
  • Estimated Lot Sq Ft: 5001
  • Lot Description: Regular

Tax Info

  • Tax: 5991
  • Assessor Parcel Number: 071404122 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Feb 10, 2021
Sold by
Sanford Mazel Llc
Bought by
Morgan-Joseph Toshiba
Seller's Agent
Hernan Castro
The Real Estate Company
Buyer's Agent
Outside Agent
Outside Office
List Price
$430,000
Sold Price
$450,000
Premium/Discount to List
$20,000
4.65%
Total Days on Market
49
Current Estimated Value
$594,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,706
Avg. Annual Appreciation
6.65%

Purchase Details

Listed on
Nov 22, 2019
Closed on
Jan 31, 2020
Sold by
Warner Harris Lois A
Bought by
Sanfort Mazel Llc
Seller's Agent
Hernan Castro
The Real Estate Company
Buyer's Agent
Outside Agent
Outside Office
List Price
$299,900
Sold Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.05%
Original Mortgage
$284,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 26, 2016
Sold by
Warner Jenkins M
Bought by
Warner Jenkins M and Warner Harris Lois A

Purchase Details

Closed on
Nov 21, 2005
Sold by
Davis Baldwin
Bought by
Warner Jenkins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.28%

Purchase Details

Closed on
May 20, 2004
Sold by
Charles Marie Claire Jean
Bought by
Baldwin Davis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,956
Interest Rate
5.99%
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
Morgan-Joseph Toshiba -- Clear Skies Title
Sanfort Mazel Llc $299,900 Cross Bridge Title Llc
Warner Jenkins M -- None Available
Warner Jenkins $350,000 --
Baldwin Davis $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanfort Mazel Llc $284,000
Previous Owner Warner Jenkins $315,000
Previous Owner Baldwin Davis $216,956
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2021 02/04/21 Sold $450,000 +4.7% --
12/22/2020 12/22/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $430,000 +43.4% --
02/04/2020 02/04/20 Sold $299,900 0.0% --
12/19/2019 12/19/19 Pending -- -- --
11/22/2019 11/22/19 For Sale $299,900 -- --
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
2024 $5,939 $159,300 $17,400 $141,900
2022 $5,951 $159,300 $17,400 $141,900
2021 $5,948 $159,300 $17,400 $141,900
2020 $6,053 $159,300 $17,400 $141,900
2019 $5,991 $159,300 $17,400 $141,900
2018 $5,883 $159,300 $17,400 $141,900
2017 $5,671 $159,300 $17,400 $141,900
2016 $5,480 $159,300 $17,400 $141,900
2015 $5,271 $159,300 $17,400 $141,900
2014 $4,940 $159,300 $17,400 $141,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20046357

New Jersey MLS

APN: 14-04122-0000-00007