NOT LISTED FOR SALE

Estimated Value: $643,000 - $1,042,000

Studio
6 Baths
3,128 Sq Ft
$272/Sq Ft Est. Value

Sale Details

Date Sold: September 5, 2024

Last sale price $750,000 $240 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,373 / mo

6 Days on Market

Highlights

  • Property is near public transit and shops
  • Paneling
  • 4-minute walk to Irvington Park
  • Wood Flooring
  • Baseboard Heating

About This Home

As of September 2024

This 6 unit property is a diamond in the rough, perfect for an investor with a vision for renovation and a desire to maximize rental income. Don't let this opportunity slip through your fingers schedule your appointment today and explore the potential of this prime real estate investment! This property is strategically located near Newark Beth Israel Medical Center, Route 78, Garden State Parkway, Newark Liberty International Airport, and public transportation, making it attractive for commuters. Spacious Layouts. Each unit features an eat-in kitchen, providing comfortable living spaces. Ample Parking/Yard with a shared driveway that leads to parking for about 8 cars, which can alternatively serve as a fantastic yard for entertaining. Seize this incredible investment opportunity today! First Showing 6/14. Sold Strictly AS IS. Any offer submitted must be accompanied by proof of funds from last 30 days or commercial-reno loan only . Buyer is responsible to apply and obtain all required certificates to close, both municipal and state. Multiple offers received. Highest and best Monday 6/17/24 at 5pm.

Last Agent to Sell the Property

Sylvia Aquino

COLDWELL BANKER REALTY Listed on: 06/14/2024

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,201

Year Built

  • Built in 1940

Lot Details

  • 5,510 Sq Ft Lot
  • Lot Dimensions are 106.00 x 52.00

Home Design

  • Flat Roof Shape
  • Asphalt Roof

Interior Spaces

  • 6 Full Bathrooms
  • 3,128 Sq Ft Home
  • 2-Story Property
  • Paneling

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Driveway
  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit and shops

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Baseboard Heater
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for exterior maintenance, grounds care, insurance, common area maintenance, snow removal, taxes, heat, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,201

Year Built

Built in 1940

Lot Details

5,510 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.1265
  • Lot Size: 106.00 x 52.00
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built: 1940
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigeration
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Common Area Maintenance, Snow Removal, Taxes, Heat, Water
  • Full Bathrooms: 6
  • Flooring: Carpet, Vinyl-Linoleum, Wood, Paneling, Wall Covering
  • Interior Amenities: Refrigeration, Carpeting, Paneling, Wall Covering
  • Living Area: 3128
  • Stories: 2

Exterior Features

  • Lot Features: Near Public Transit, Near Shopping, Business District, Residential Area
  • Roof: Asphalt, Flat

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway, On Site, On Street, Open
  • Total Parking Spaces: 8

Utilities

  • Gas Company: Natural Gas
  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Baseboard Electric, Baseboard, Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Separate Utilities
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 5510
  • Zoning: 0000000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 8201
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Sep 3, 2024
Sold by
Bought by
Seller's Agent
Sylvia Aquino
COLDWELL BANKER REALTY
List Price
$599,000
Sold Price
$750,000
Premium/Discount to List
$151,000
25.21%
Views
30
Current Estimated Value
$851,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,598
Avg. Annual Appreciation
6.99%
Original Mortgage
$738,300
Interest Rate
0.0599%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 19, 1977
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$750,000 Stewart Title Guaranty Company
$55,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,430,000
Closed $738,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/05/2024 09/05/24 Sold $750,000 +25.2% $240 / Sq Ft
06/14/2024 06/14/24 For Sale $599,000 -- $191 / Sq Ft
Source: All Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,798 $220,000 $28,700 $191,300
2025 $8,798 $220,000 $28,700 $191,300
2024 $8,202 $220,000 $28,700 $191,300
2022 $8,219 $220,000 $28,700 $191,300
2021 $8,215 $220,000 $28,700 $191,300
2020 $8,360 $220,000 $28,700 $191,300
2019 $8,274 $220,000 $28,700 $191,300
2018 $8,125 $220,000 $28,700 $191,300
2017 $7,832 $220,000 $28,700 $191,300
2016 $7,568 $220,000 $28,700 $191,300
2015 $7,280 $220,000 $28,700 $191,300
2014 $6,822 $220,000 $28,700 $191,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2413046R

All Jersey MLS

APN: 14-03731-01-00005

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