Seller's Agent in 2025
Rajeev Kumar
New and Modern Group
(973) 452-2525
2 in this area
14 Total Sales
61-63 Carmer Ave Belleville, NJ 07109
8
Beds
4
Baths
--
Sq Ft
6,652
Sq Ft Lot
About This Home
As of December 2024This rare opportunity doesn't come often! This 4-family, all-brick multi-unit property features 4 units and each one with spacious 2-bedroom, 1-bathroom, perfect for generating steady rental income. Whether you're an investor or a first-time home buyer, this property is a cash cow with the potential to generate $8,800 per month!! Nestled in a convenient location, this GEM offers long-term value and fantastic income potential. Don't miss out on this exceptional investment opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,910
Home Design
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Additional Features
- Laundry in Basement
- 6,652 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00005 / 08404
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 26, 2024
Closed on
Dec 17, 2024
Sold by
Lassiter Damon and Joshi Chetna
Bought by
Dholariya Bharatkumar Ravji
Seller's Agent
Peter Boutros
EXP Realty, LLC
Buyer's Agent
Rajeev Kumar
New and Modern Group
List Price
$1,100,000
Sold Price
$1,166,000
Premium/Discount to List
$66,000
6%
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.16%
Original Mortgage
$1,045,000
Outstanding Balance
$1,042,307
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$115,826
Purchase Details
Listed on
Jul 30, 2021
Closed on
Dec 2, 2021
Sold by
Massa Dennis J and Massa Theresa
Bought by
Lassiter Damon and Joshi Chetna
Seller's Agent
Matthew De Fede
REALTY EXECUTIVES ELITE HOMES
Buyer's Agent
Matthew De Fede
REALTY EXECUTIVES ELITE HOMES
List Price
$677,000
Sold Price
$720,000
Premium/Discount to List
$43,000
6.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.18%
Original Mortgage
$540,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,166,000 | Foundation Title | |
| Deed | $720,000 | Sage Title & Stlmt Svcs Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,045,000 | New Conventional | |
| Previous Owner | $540,000 | New Conventional | |
| Previous Owner | $30,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2025 02/22/25 | For Rent | $2,250 | 0.0% | -- |
| 02/12/2025 02/12/25 | Off Market | $2,250 | -- | -- |
| 02/07/2025 02/07/25 | Price Changed | $2,250 | -10.0% | -- |
| 02/04/2025 02/04/25 | For Rent | $2,500 | 0.0% | -- |
| 12/17/2024 12/17/24 | Sold | $1,166,000 | +6.0% | -- |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 09/26/2024 09/26/24 | For Sale | $1,100,000 | +52.8% | -- |
| 12/02/2021 12/02/21 | Sold | $720,000 | +6.4% | -- |
| 09/09/2021 09/09/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | For Sale | $677,000 | -- | -- |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $22,212 | $567,500 | $133,200 | $434,300 |
| 2023 | $19,910 | $517,000 | $133,200 | $383,800 |
| 2022 | $19,910 | $517,000 | $133,200 | $383,800 |
| 2021 | $19,620 | $517,000 | $133,200 | $383,800 |
| 2020 | $19,101 | $517,000 | $133,200 | $383,800 |
| 2019 | $18,057 | $517,000 | $133,200 | $383,800 |
| 2018 | $18,846 | $476,200 | $135,200 | $341,000 |
| 2017 | $18,212 | $476,200 | $135,200 | $341,000 |
| 2016 | $18,008 | $476,200 | $135,200 | $341,000 |
| 2015 | $18,314 | $501,200 | $135,200 | $366,000 |
| 2014 | $17,818 | $501,200 | $135,200 | $366,000 |
Source: Public Records
Agents Affiliated with this Home
-
Rajeev Kumar
-
Peter Boutros
Seller's Agent in 2024
Peter Boutros
EXP Realty, LLC
(201) 831-7697
3 in this area
198 Total Sales
-
Matthew De Fede
Seller's Agent in 2021
Matthew De Fede
REALTY EXECUTIVES ELITE HOMES
(862) 228-0554
36 in this area
194 Total Sales
Map
Source: New Jersey MLS
MLS Number: 24031164
APN: 01-08404-0000-00005
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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