NOT LISTED FOR SALE

870-872 S 20th St Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $628,000 - $788,000

7 Beds
3 Baths
-- Sq Ft
3,759 Sq Ft Lot

Last Sold August 07, 2023

Last sale price $500,000

Est. 37% increase in value since last sale

Current estimated payment $4,351/month

25 Days on Market

About This Home

As of August 2023

Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district

Last Agent to Sell the Property

DARRELL BAILEY

EXP Realty, LLC Listed on: 03/20/2023

EXP Realty, LLC

Last Buyer's Agent

DARRELL BAILEY

EXP Realty, LLC Listed on: 03/20/2023

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,841

Lot Details

  • 3,759 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00029 / 03015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,841

Lot Details

0

Parking

2

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: Clinton Ave to S 20th St
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Sq Ft: 3759.0

Tax Info

  • Tax Annual Amount: 7841.0
  • Tax Block: 03015
  • Tax Lot: 00029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Jul 14, 2023
Sold by
Bey Eboney N
Bought by
Adams Ayisata and Kadiri Fatima Abdul
Seller's Agent
DARRELL BAILEY
EXP Realty, LLC
Buyer's Agent
DARRELL BAILEY
EXP Realty, LLC
List Price
$485,000
Sold Price
$500,000
Premium/Discount to List
$15,000
3.09%
Views
122
Current Estimated Value
$684,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,250
Avg. Annual Appreciation
15.01%
Original Mortgage
$457,875
Outstanding Balance
$447,624
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
$221,196

Purchase Details

Closed on
Nov 20, 2020
Sold by
Rental Shop Holdings Llc
Bought by
Bey Eboney N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,646
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2018
Sold by
Rental Shop Llc
Bought by
Rental Shop Hldg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 24, 2017
Sold by
City Properties One
Bought by
Rental Shop Llc

Purchase Details

Closed on
Mar 19, 2013
Sold by
Dixon J John
Bought by
City Properties One

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2013
Sold by
Dixon John
Bought by
City Properties One

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2012
Closed on
Dec 12, 2012
Sold by
Dixon John
Bought by
City Properties One Inc
Seller's Agent
JOHN CHERRY
KELLER WILLIAMS TOWNE SQUARE REAL
Sold Price
$109,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.33%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Adams Ayisata $500,000 First American Title
Bey Eboney N $406,000 Old Republic National
Rental Shop Hldg Llc -- --
Rental Shop Llc $63,636 None Available
City Properties One -- --
City Properties One -- --
City Properties One Inc $109,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Ayisata $457,875
Previous Owner Bey Eboney N $398,646
Previous Owner Rental Shop Holdings Llc $292,500
Previous Owner Rental Shop Llc $1,700,000
Previous Owner City Properties One $175,000
Previous Owner Dixon John $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $500,000 +3.1% --
04/14/2023 04/14/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $485,000 +345.0% --
12/21/2012 12/21/12 Sold $109,000 -- --
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 $7,829 $396,500 $12,900 $383,600
2024 $7,829 $396,500 $12,900 $383,600
2022 $12,265 $328,300 $12,900 $315,400
2021 $12,259 $328,300 $12,900 $315,400
2020 $5,814 $153,000 $12,900 $140,100
2019 $5,754 $153,000 $12,900 $140,100
2018 $5,650 $153,000 $12,900 $140,100
2017 $5,447 $153,000 $12,900 $140,100
2016 $5,263 $153,000 $12,900 $140,100
2015 $5,063 $153,000 $12,900 $140,100
2014 $4,745 $153,000 $12,900 $140,100
Source: Public Records

Agents Affiliated with this Home

  • DARRELL BAILEY

    Seller's Agent in 2023

    DARRELL BAILEY

    EXP Realty, LLC

    (862) 254-8827

    5 in this area

    160 Total Sales

    DARRELL BAILEY
    Section Image

  • J

    Seller's Agent in 2012

    JOHN CHERRY

    KELLER WILLIAMS TOWNE SQUARE REAL

See All Agents

Map

Source: New Jersey MLS

MLS Number: 23007881

New Jersey MLS

APN: 14-03015-0000-00029

New Jersey Essex County Newark 07108 Clinton Hill

870-872 S 20th St, Newark, NJ

This home is located at 870-872 S 20th St, Newark, NJ 07108 since 20 March 2023 and is currently estimated at $684,250. 870-872 S 20th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Chancellor Avenue School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

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