NOT LISTED FOR SALE

620 Maple Ave Unit 626 Elizabeth, NJ 07202

Bayway Neighborhood

Estimated Value: $797,000 - $1,082,794

10 Beds
4 Baths
3,849 Sq Ft
$246/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $920,000 $239 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,366/month

44 Days on Market

Highlights

  • 0.23 Acre Lot
  • Attic
  • Air Conditioning
  • Elizabeth High School Rated A
  • 4 Car Detached Garage
  • Parking Storage or Cabinetry

About This Home

As of April 2023

Welcome to 620-626 Maple Avenue. This family owned and occupied beautiful brick building contains 4-Units and was once owned by the pre-prohibition era Rising Sun Brewing Co. which operated from 1887 to 1920.

This building is located on an oversized lot in the Bayway section of Elizabeth, New Jersey.

This spacious 4-Family home is perfect for investors or owner-occupants looking to generate rental income.

The first floor of the home has two units, each with a Kitchen, Living Room, 2 Bedrooms, and Full Bathroom. The units are similar in layout and feature open floor plans.

The second floor is where another two units are located. Both units are identical in layout and feature a Kitchen, Living Room, 3 Bedrooms and a Full Bath. Between both units is a long storage hallway that stretches the entirety of the building. Use this space for possible separation between current bedroom layout.

The home also has a full, unfinished basement with high ceilings, providing ample storage space or the opportunity to add additional living space.

The lot comes with its own driveway where there are 4 Detached Garages and ample space for multiple cars to be parked right on the property.

This Multi-Family also features a large yard on the opposite side of the driveway which provides the potential possibility to develop another 2-3 Family Dwelling to create additional opportunity/income.

620-626 Maple Avenue is located in a great location, with easy access to public transportation and major roadways. This Multi-Family is just a short distance from the Ports and access to the Goethals Bridge. Don't miss this opportunity to own this income-generating property.

Last Agent to Sell the Property

Matthew Tully

RE/MAX Central License #2075152 Listed on: 02/09/2023

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,204

Year Built

  • Built in 1908

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 84.1 x 120
  • Fenced
  • Level Lot

Parking

  • 4 Car Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Aluminum Siding

Interior Spaces

  • 3,849 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Stove
  • Attic

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Oil Above Ground
  • Radiant Heating System
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Assessor Parcel Number 04-00004-0000-00903

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $60
  • Fuel Expense $20
  • Water Sewer Expense $350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,204

Year Built

Built in 1908

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Interior Features: Attic
  • New Construction: No
  • Year Built: 1908
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 84.1 x 120
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • SidingBrick: Yes
  • Heating Oil Above Ground: Yes
  • Garage Oversized: Yes
  • Cooling Multi Units: Yes
  • Garage Storage Above: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Income Expenses Electric Expense: 60.0
  • Income Expenses WaterSewer Expense: 350.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Washer4: Yes
  • Roof Tar Roll: Yes
  • Unit 4 AC Unit10: Yes
  • Unit 4 Dryer11: Yes
  • Unit 4 Washer10: Yes
  • Unit 2 Washer Hookup2: Yes
  • Income Expenses Gas Expense: 20.0
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Tar Roll, Flat
  • Acres: 0.23
  • Waterfront: No
  • Exclusions: Personal Belongings
  • Construction Type: Aluminum Siding, Brick
  • Exterior Features: Fence, Lighting
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Paved, See Remarks, On Street, Detached, Oversized, Storage
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiant, Oil Above Ground
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Radiant: Yes

Fee Information

  • Annual Water Sewer Expense: 350.0

Lot Info

  • Lot Dimensions: 84.1 x 120
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-00004-0000-00903
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 19204.0
  • Tax Other Annual Assessment Amount: 62800.0

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 60.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Apr 11, 2023
Sold by
Daugenti Eugene and Daugenti Eva
Bought by
620-626 Maple Ave Llc
Seller's Agent
Matthew Tully
RE/MAX Central
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$979,000
Sold Price
$920,000
Premium/Discount to List
-$59,000
-6.03%
Views
145
Current Estimated Value
$947,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,199
Avg. Annual Appreciation
1.17%

Purchase Details

Closed on
Dec 27, 2013
Sold by
Daugenti Michael
Bought by
Daugenti Eugene

Purchase Details

Closed on
Aug 20, 2012
Sold by
Daugenti Eugene
Bought by
Daugenti Eugene and Daugenti Michael
Source: Public Records

Range of Values:

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Average Value
Not Available
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
620-626 Maple Ave Llc $920,000 None Listed On Document
620-626 Maple Ave Llc $920,000 None Listed On Document
Daugenti Eugene -- None Available
Daugenti Eugene $1,600,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $920,000 -6.0% $239 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $979,000 -- $254 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $16,895 $878,100 $273,000 $605,100
2024 $19,738 $878,100 $273,000 $605,100
2023 $19,204 $62,800 $17,800 $45,000
2022 $19,204 $62,800 $17,800 $45,000
2021 $18,807 $62,800 $17,800 $45,000
2020 $18,382 $62,800 $17,800 $45,000
2019 $18,101 $62,800 $17,800 $45,000
2018 $17,925 $62,800 $17,800 $45,000
2017 $17,425 $62,800 $17,800 $45,000
2016 $17,426 $62,800 $17,800 $45,000
2015 $16,390 $62,800 $17,800 $45,000
2014 -- $62,800 $17,800 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22300751

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04-00004-0000-00903