NOT LISTED FOR SALE

Estimated Value: $601,000 - $741,000

9 Beds
3 Baths
3,756 Sq Ft
$173/Sq Ft Est. Value

Sale Details

Date Sold: March 22, 2023

Last sale price $455,000 $121 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,128 / mo

51 Days on Market

About This Home

As of March 2023

INVEST IN NEWARK!! Take advantage of this legal three family home with great income potential. This well maintained multi-family home offers you three apartments with a living room, kitchen, three bedrooms, and one full bath in each unit. Separate utilities, hardwood floors, a large backyard that can be accessed by all three apartments, and LOW TAXES. Located minutes from Rutgers New Jersey Medical School, Rutgers School of Dental Medicine, University Hospital, NJIT, Essex County College and Rutgers University Newark. Conveniently located close to shopping, schools, all major highways, and public transportation. Currently fully occupied. First floor tenants will be moving out 4/30. Third floor is M2M and rent is currently below market. This is the turnkey real estate investment opportunity that you've been looking for, with room for growth.

Last Agent to Sell the Property

SHANTELL LUCAS

New and Modern Group Listed on: 01/02/2023

Last Buyer's Agent

SHANTELL LUCAS

New and Modern Group Listed on: 01/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,098

Lot Details

  • 2,500 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00023 / 01856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,098

Lot Details

2,500 Sq Ft Lot

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: (973) 327-2758
  • MLS Status: Sold - Sold
  • Directions: CENTRAL AVE TO S 9TH ST
  • Architectural Style: 3 Family
  • Year Built Details: 1990's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Remarks: FULL UNFINISHED

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 7098.0
  • Tax Block: 01856
  • Tax Lot: 00023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2024
Sold by
Bought by
Current Estimated Value
$650,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
0.0672%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2015
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$455,000 None Listed On Document
$340,000 None Available
$100 --
-- None Available
$340,000 Ny Land Title Agency
$111,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $632,000
Previous Owner $340,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/22/2023 03/22/23 Sold $455,000 -8.8% $121 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
01/11/2023 01/11/23 Price Changed $499,000 -13.2% $133 / Sq Ft
01/02/2023 01/02/23 For Sale $575,000 -- $153 / Sq Ft
Source: New Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,598 $190,000 $21,300 $168,700
2025 $7,598 $190,000 $21,300 $168,700
2024 $7,083 $190,000 $21,300 $168,700
2022 $7,098 $190,000 $21,300 $168,700
2021 $7,095 $190,000 $21,300 $168,700
2020 $7,220 $190,000 $21,300 $168,700
2019 $7,146 $190,000 $21,300 $168,700
2018 $7,017 $190,000 $21,300 $168,700
2017 $6,764 $190,000 $21,300 $168,700
2016 $6,536 $190,000 $21,300 $168,700
2015 $6,287 $190,000 $21,300 $168,700
2014 $5,892 $190,000 $21,300 $168,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23000416

New Jersey MLS

APN: 14-01856-0000-00023

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