NOT LISTED FOR SALE

78 Mount Prospect Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $470,000 - $664,000

Studio
-- Bath
2,533 Sq Ft
$225/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $286,000 $113 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,739/month

97 Days on Market

Highlights

  • Property is near public transit and shops
  • Porch
  • Storm Doors
  • Private Yard
  • Private Entrance
  • 3-minute walk to Concourse Hill Welcome Pavilion

About This Home

As of February 2021

Your next best investment awaits! Multi Fam home with tons of potential. 2 units, each with 2 Bedrooms and 1 Full Bath. The income generating from this one is undeniable. 1st floor unit has a spacious LR w/ big bay window. The DR is also a great size. EIK has the attached full bath. Both Bedrooms are a good size, too! 2nd floor unit is identical to the first. Add some modern finishes to each for a new & updated look! Full basement access with washers & dryer hook up. Bonus 3rd level is finished & has so much additional space with endless possibilities! Separate utilities for each unit. Spruce up the backyard with new shrubs and greenery for a park like scene! The location is only minutes to major roads, buses & trains-a commuters delight! Also nearby local conveniences! This is a great opportunity to build your capital! Come and see today!

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE Listed on: 10/15/2020

RE/MAX 1st ADVANTAGE

Co-Listed By

Wenner Nunes

KELLER WILLIAMS PARK VIEWS REA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,299

Year Built

  • Built in 1882

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25x100
  • Private Entrance
  • Fenced
  • Level Lot
  • Private Yard

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,533 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Basement Storage

Home Security

  • Storm Screens
  • Storm Doors

Utilities

  • No Cooling
  • Radiator
  • Gas Water Heater

Additional Features

  • Porch
  • Property is near public transit and shops

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(water)

Community Details

Amenities

  • Community Storage Space

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,299

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Lot Size: 25x100
  • Co List Office Mls Id: RFIR03
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1882
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Storage Space, Tenant Use, Interior Entry, Utility Room, Laundry Facilities
  • Interior Amenities: Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 2533
  • Stories: 2
  • Window Features: Screens/Storms

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Level, Near Public Transit
  • Exterior Features: Curbs, Porch(es) - Open, Door(s)-Storm/Screen, Sidewalk, Fencing/Wall, Yard, Semi-Private Entry, Porch, Storage Area-Common, Screens/Storms
  • Patio And Porch Features: Porch(es) - Open, Porch
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 2614

Tax Info

  • Tax Annual Amount: 5299
  • Tax Year: 2019

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2022
Sold by
Tziri Walter
Bought by
Walter Tziri and Porges Samuel
Current Estimated Value
$569,936

Purchase Details

Listed on
Oct 15, 2020
Closed on
Feb 19, 2021
Sold by
Simpson Darnell M
Bought by
Walter Tziri
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$286,000
Sold Price
$286,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%
Original Mortgage
$211,125
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2005
Sold by
Linfante Louis
Bought by
Simpson Darnell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Walter Tziri -- New Title Company Name
Walter Tziri $281,500 Old Republic National
Simpson Darnell $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walter Tziri $211,125
Previous Owner Simpson Darnell $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold $286,000 0.0% $113 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
10/15/2020 10/15/20 For Sale $286,000 -- $113 / Sq Ft
Source: All Jersey MLS

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 $8,582 $230,200 $21,300 $208,900
2024 $8,582 $230,200 $21,300 $208,900
Source: Public Records

Agents Affiliated with this Home

  • Robert Dekanski

    Seller's Agent in 2021

    Robert Dekanski

    RE/MAX

    (800) 691-0485

    1 in this area

    2,560 Total Sales

    Robert Dekanski
    Section Image
  • Wenner Nunes

    Seller Co-Listing Agent in 2021

    Wenner Nunes

    KELLER WILLIAMS PARK VIEWS REA

    (917) 794-7679

    1 in this area

    159 Total Sales

    Wenner Nunes
    Section Image
See All Agents

Map

Source: All Jersey MLS

MLS Number: 2105624

All Jersey MLS

APN: 14-00491-0000-00031

New Jersey Essex County Newark 07104 Seventh Avenue

78 Mount Prospect Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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