NOT LISTED FOR SALE

Estimated Value: $595,782 - $714,000

9 Beds
3 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold April 30, 2020

Last sale price $382,000

Est. 74% increase in value since last sale

Current estimated payment $4,705/month

138 Days on Market

About This Home

As of April 2020

Amazing Investment opportunity in the Weequahic section of Newark. Close to transportation, parks and stores, easy commute to NYC. Property Capable of 11% Cap rate, bring all offers, Cash Preferred. Separate Utilities, new furnaces, new hot water tanks and electrical. Second floor is vacant, freshly painted for the first time home buyer and easy to show. Certificate of code of Compliance available, buyer responsible for Fire Inspection.

Last Agent to Sell the Property

Jose Santos

Weichert Home City Realty Listed on: 11/18/2019

Last Buyer's Agent

Moises Mari

United Real Estate

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,377

Lot Details

  • 2,500 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Brick Exterior Construction
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Separate Meters
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 071403586 00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,377

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: None
  • Views/Exposure: None
  • Year Built: 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 18
  • Fireplace: None
  • Bedrooms: 9
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick, Vinyl

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas, O/See Remk
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat, Sep Water
  • Cooling: Win/AC

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00013
  • Estimated Lot Sq Ft: 2500
  • Lot Description: Regular

Tax Info

  • Tax: 5377
  • Assessor Parcel Number: 071403586 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2019
Closed on
Apr 27, 2020
Sold by
Dabreo Aida E
Bought by
Papadakis Nicholas
Seller's Agent
Jose Santos
Weichert Home City Realty
Buyer's Agent
Moises Mari
United Real Estate
List Price
$390,000
Sold Price
$382,000
Premium/Discount to List
-$8,000
-2.05%
Current Estimated Value
$664,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,446
Avg. Annual Appreciation
13.14%
Original Mortgage
$290,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2016
Closed on
May 3, 2017
Sold by
918 Bergen Street Llc
Bought by
Dabreo Aida E
Seller's Agent
DAVIELIER TURNER
PINNACLE REAL ESTATE
Buyer's Agent
DAVIELIER TURNER
PINNACLE REAL ESTATE
List Price
$360,000
Sold Price
$335,000
Premium/Discount to List
-$25,000
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$328,932
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
May 3, 2016
Closed on
Jun 29, 2016
Sold by
Steele James
Bought by
918 Bergen Street Llc
Seller's Agent
NANCY YOUSSEF-ASTACIO
REALTYMARK SELECT
Buyer's Agent
NANCY YOUSSEF-ASTACIO
REALTYMARK SELECT
List Price
$70,000
Sold Price
$53,200
Premium/Discount to List
-$16,800
-24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
926.98%

Purchase Details

Closed on
Jul 6, 2011
Sold by
Steele Corelia and Steele Ceola
Bought by
Steele James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
2.93%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

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Range of Values:

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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
Papadakis Nicholas $387,000 New Jersey Land Title
Dabreo Aida E $335,000 Belmont Title And Settlement
918 Bergen Street Llc $53,200 Westcor Land Title Insurance
Steele James -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papadakis Nicholas $288,936
Closed Papadakis Nicholas $288,936
Closed Papadakis Nicholas $290,250
Previous Owner Dabreo Aida E $328,932
Previous Owner Steele James $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $382,000 0.0% --
04/30/2020 04/30/20 Sold $382,000 -2.1% --
04/04/2020 04/04/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $390,000 0.0% --
12/26/2019 12/26/19 Pending -- -- --
12/26/2019 12/26/19 Pending -- -- --
11/18/2019 11/18/19 For Sale $390,000 0.0% --
11/01/2019 11/01/19 For Sale $390,000 +16.4% --
05/04/2017 05/04/17 Sold $335,000 -6.9% --
12/15/2016 12/15/16 Pending -- -- --
12/07/2016 12/07/16 For Sale $360,000 +576.7% --
07/21/2016 07/21/16 Sold $53,200 -24.0% --
06/10/2016 06/10/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $70,000 -- --
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
2024 $12,034 $322,800 $13,800 $309,000
2022 $12,060 $322,800 $13,800 $309,000
2021 $12,053 $322,800 $13,800 $309,000
2020 $5,533 $145,600 $13,900 $131,700
2019 $5,476 $145,600 $13,900 $131,700
2018 $5,377 $145,600 $13,900 $131,700
2017 $5,183 $145,600 $13,900 $131,700
2016 $5,009 $145,600 $13,900 $131,700
2015 $4,818 $145,600 $13,900 $131,700
2014 $4,515 $145,600 $13,900 $131,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1952205

New Jersey MLS

APN: 14-03586-0000-00013