NOT LISTED FOR SALE

79 Finlay Place Newark, NJ 07106

Upper Vailsburg Neighborhood

Estimated Value: $557,000 - $626,000

6 Beds
3 Baths
-- Sq Ft
2,688 Sq Ft Lot

Last Sold January 10, 2024

Last sale price $601,000

Est. 1% increase in value since last sale

Current estimated payment $3,846/month

14 Days on Market

About This Home

As of January 2024

Great opportunity to purchase an updated 3 family in a desirable location near South Orange border. Quiet one way street in a residential area. Ideal for someone looking to house hack and have tenants pay most of the mortgage or for an investor looking for a solid cash flow opportunity. First floor unit features 2 bedroom, updated bathroom, updated kitchen with granite counters and new appliances currently rented for $1850. The second floor features 2 bedroom, updated bathroom, updated kitchen with granite counters and new appliances rented for $1900. 3rd floor unit is also 2 bedrooms with updated kitchen, bathroom and currently vacant. All units have separate boilers, separate electric and separate water heaters and the tenants pay their own heat and hot water. There is a full basement. Hardwood floors, updated double pain windows are some of the many features.

Last Agent to Sell the Property

Olivier Louis

RE/MAX First Realty II Listed on: 11/17/2023

Last Buyer's Agent

Wales C

New and Modern Group

New and Modern Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,478

Lot Details

  • 2,688 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00017 / 04190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,478

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (908) 664-1500
  • MLS Status: Sold - Sold
  • Directions: center st to finlay pl
  • Architectural Style: 3 Family
  • Year Built Details: 1950's,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Remarks: Full

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 2688.0

Tax Info

  • Tax Annual Amount: 9478.0
  • Tax Block: 04190
  • Tax Lot: 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2001
Sold by
Jocelyn Charels
Bought by
Harris Dwaine and Harris Ingrid
Current Estimated Value
$605,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,668
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 1999
Sold by
Citicorp Mortgage
Bought by
Asiatic Born

Purchase Details

Closed on
Oct 11, 1988
Sold by
Chery Wilfred and Chery Anthonia
Bought by
Middleton Velma M and Middleton Salome R
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
Harris Dwaine $165,000 --
Asiatic Born $70,000 --
Middleton Velma M $129,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Dwaine $217,000
Closed Harris Dwaine $163,668
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $601,000 +4.5% --
12/01/2023 12/01/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $575,000 -- --
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 $6,353 $170,400 $23,500 $146,900
2024 $6,353 $170,400 $23,500 $146,900
2022 $6,366 $170,400 $23,500 $146,900
2021 $6,363 $170,400 $23,500 $146,900
2020 $6,475 $170,400 $23,500 $146,900
2019 $6,409 $170,400 $23,500 $146,900
2018 $6,293 $170,400 $23,500 $146,900
2017 $6,066 $170,400 $23,500 $146,900
2016 $5,862 $170,400 $23,500 $146,900
2015 $5,639 $170,400 $23,500 $146,900
2014 $5,284 $170,400 $23,500 $146,900
Source: Public Records

Agents Affiliated with this Home

  • Olivier Louis

    Seller's Agent in 2024

    Olivier Louis

    RE/MAX

    (732) 803-1335

    1 in this area

    66 Total Sales

    Section Image

  • W

    Buyer's Agent in 2024

    Wales C

    New and Modern Group

    (917) 749-1082

    1 in this area

    7 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23035355

New Jersey MLS

APN: 14-04191-0000-00009

New Jersey Essex County Newark 07106 Upper Vailsburg

79 Finlay Place, Newark, NJ

This home is located at 79 Finlay Place, Newark, NJ 07106 since 17 November 2023 and is currently estimated at $588,505. 79 Finlay Place is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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