NOT LISTED FOR SALE

70 Cambridge Ave Garfield, NJ 07026

Estimated Value: $864,000 - $930,000

8 Beds
5 Baths
2,995 Sq Ft
$300/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $650,000 $217 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,757/month

44 Days on Market

About This Home

As of March 2022

Opportunity is knocking just in time for the Holidays. 70 Cambridge is a unique property consisting of two dwellings set on 36x95 lot with plenty of parking. Front dwelling boast: two three-bedroom apartments and rear dwelling boast one: one-bedroom apartment with garage. Complete with separate utilities and newer hot water heaters. Great opportunity to live in one and collect rent in the two other units or buy as an entire investment with a great good roll: at a 7.52% cap! 70 Cambridge financially performs great as is but also has plenty of opportunities to improve financial performance. Easy access to Garden State Parkway, Route 21, Route 46, close to shopping and minutes away from the train station and bus stop to New York City.

Last Agent to Sell the Property

Justin Carbajal

Christie's International Real Estate Group-Hoboken Listed on: 11/08/2021

Christie's International Real Estate Group-Hoboken

Last Buyer's Agent

Mohamad Sankar

Keller Williams Village Square Realty - Wyckoff

Keller Williams Village Square Realty - Wyckoff

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,858

Lot Details

  • 3,467 Sq Ft Lot
  • Lot Dimensions are 36x95

Parking

  • 4 Car Garage

Home Design

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Community Details

  • Maintenance Expense $2,000

Listing and Financial Details

  • Legal Lot and Block 00005 / 00030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,858

Lot Details

0

Parking

4

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 201-962-9551
  • MLS Status: Sold - Sold
  • Directions: Bewteen Hepworth pl and Somerset St
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Remarks: Full - Finished

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4.0

Utilities

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

Lot Info

  • Lot Dimensions: 36x95
  • Lot Size Sq Ft: 3467.0

Multi Family

  • Maintenance Expense: 2000.0

Tax Info

  • Tax Annual Amount: 10858.0
  • Tax Block: 00030
  • Tax Lot: 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Mar 4, 2022
Sold by
Vargas Teofilo J
Bought by
Hemeid Hassan
Seller's Agent
Justin Carbajal
Christie's International Real Estate Group-Hoboken
Buyer's Agent
Mohamad Sankar
Keller Williams Village Square Realty - Wyckoff
List Price
$630,000
Sold Price
$650,000
Premium/Discount to List
$20,000
3.17%
Current Estimated Value
$869,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,449
Avg. Annual Appreciation
9.88%
Original Mortgage
$595,237
Outstanding Balance
$556,149
Interest Rate
3.76%
Mortgage Type
FHA
Estimated Equity
$342,608

Purchase Details

Closed on
Sep 20, 2017
Sold by
Leonida Tolutina and Acevedo Ramona
Bought by
Nahui Eustaquio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,985
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2002

Purchase Details

Closed on
Aug 11, 2000
Sold by
Deluca Victor
Bought by
Done Yohan F and Acevedo Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.79%

Purchase Details

Closed on
Sep 23, 1993
Sold by
Olga Serduch
Bought by
Deluca Victor De

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.1%
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
Hemeid Hassan $650,000 Westcor Land Title
Nahui Eustaquio $360,000 None Available
-- $56,600 --
Done Yohan F $233,900 --
Deluca Victor De $184,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hemeid Hassan $595,237
Previous Owner Nahui Eustaquio $347,985
Previous Owner Done Yohan F $252,000
Previous Owner Deluca Victor De $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $650,000 +3.2% $217 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $630,000 -- $210 / Sq Ft
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
2025 $11,966 $358,600 $87,000 $271,600
2024 $11,766 $358,600 $87,000 $271,600
2023 $11,185 $358,600 $87,000 $271,600
2022 $11,185 $358,600 $87,000 $271,600
2021 $10,858 $358,600 $87,000 $271,600
2020 $10,622 $358,600 $87,000 $271,600
2019 $10,421 $358,600 $87,000 $271,600
2018 $10,188 $358,600 $87,000 $271,600
2017 $10,009 $358,600 $87,000 $271,600
2016 $9,711 $358,600 $87,000 $271,600
2015 $9,471 $358,600 $87,000 $271,600
2014 $9,220 $358,600 $87,000 $271,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 21044312

New Jersey MLS

APN: 21-00030-0000-00005