$550,000
SOLD FEB 6, 2025

8 Essex St Nutley, NJ 07110

4 Beds
1 Bath
-- Sq Ft
2,500 Sq Ft Lot

Recently Sold

5% Below List Price

83 Days on Market

About This Home

As of February 2025

Multifamily property with extremely low maintenance & operating costs. Features two fully occupied units, each with annual leases in place. The first-floor unit includes a large eat-in kitchen, two bedrooms, a full bath, and a spacious living room. Additional highlights are a walkout deck and access to a large backyard, along with full access to the basement. The second-floor unit offers a large kitchen, two bedrooms, a den, a full bathroom, and a spacious living room with a sitting area. This unit also benefits from access to a large attic space for storage. This property is being sold as-is.

Last Agent to Sell the Property

Anthony Luberto

Best of NJ Realty Listed on: 10/22/2024

Last Buyer's Agent

Anthony Luberto

Best of NJ Realty Listed on: 10/22/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,417

Lot Details

  • 2,500 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00013 / 09101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,417

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 235-0969
  • MLS Status: Sold - Sold
  • Directions: Franklin Ave to Essex Street
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent

Utilities

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

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 10417.0
  • Tax Block: 09101
  • Tax Lot: 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Jan 24, 2025
Sold by
8 Essex Street Llc
Bought by
Essex 8 Llc
Seller's Agent
Anthony Luberto
Best of NJ Realty
Buyer's Agent
Anthony Luberto
Best of NJ Realty
List Price
$579,000
Sold Price
$550,000
Premium/Discount to List
-$29,000
-5.01%
Views
78

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$617,500
Outstanding Balance
$262,472
Interest Rate
6.91%
Mortgage Type
Construction
Estimated Equity
$314,567

Purchase Details

Listed on
Jun 1, 2021
Closed on
Oct 21, 2021
Sold by
Luberto Anthony
Bought by
8 Essex Street Llc
Seller's Agent
Kristen Cook
KELLER WILLIAMS TEAM REALTY
Buyer's Agent
Anthony Luberto
BEST OF NJ REALTY
List Price
$429,000
Sold Price
$362,500
Premium/Discount to List
-$66,500
-15.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.84%
Original Mortgage
$255,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2021
Closed on
Aug 25, 2021
Sold by
Ramezanzadeh Parvaneh and Estate Of David Ramezanzadeh
Bought by
Luberto Anthony
Seller's Agent
Kristen Cook
KELLER WILLIAMS TEAM REALTY
Buyer's Agent
Anthony Luberto
BEST OF NJ REALTY
List Price
$429,000
Sold Price
$362,500
Premium/Discount to List
-$66,500
-15.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2003
Sold by
Hoshmand Valli
Bought by
Ramezanzadeh David
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 Type Sale Price Title Company
Deed $550,000 Hometown Title
Deed $255,000 Chicago Title Insurance Co
Deed $365,000 Acres Land Title Agency Inc
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $617,500 Construction
Previous Owner $255,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2025 12/04/25 For Sale $850,000 +54.5% $450 / Sq Ft
02/12/2025 02/12/25 Off Market $550,000 -- --
02/06/2025 02/06/25 Sold $550,000 -5.0% --
01/13/2025 01/13/25 Pending -- -- --
10/22/2024 10/22/24 For Sale $579,000 +59.7% --
08/26/2021 08/26/21 Sold $362,500 -15.5% -- View Prior Sale
07/19/2021 07/19/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $429,000 -- --
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 $10,417 $404,400 $180,000 $224,400
2024 $10,417 $404,400 $180,000 $224,400
2022 $8,937 $231,300 $100,800 $130,500
2021 $8,891 $231,300 $100,800 $130,500
2020 $8,516 $231,300 $100,800 $130,500
2019 $8,345 $231,300 $100,800 $130,500
2018 $8,121 $231,300 $100,800 $130,500
2017 $8,033 $231,300 $100,800 $130,500
2016 $9,187 $272,600 $100,800 $171,800
2015 $9,016 $271,900 $100,800 $171,100
2014 $8,902 $271,900 $100,800 $171,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24034518

New Jersey MLS

APN: 16-09101-0000-00013