NOT LISTED FOR SALE

Estimated Value: $545,310 - $623,000

-- Bed
-- Bath
2,160 Sq Ft
$273/Sq Ft Est. Value

Last Sold May 02, 2025

Last sale price $610,000 $282 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,749/month

8 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Breakfast Area or Nook
  • Elizabeth High School Rated A
  • Attic
  • Bathtub with Shower

About This Home

As of May 2025

Come see this money making Duplex, that has been Beautifully updated with great income potential to grab and hold for years to come. Some are tenant occupied. The Finished Basement $1,000 has a 1 bedroom open concept with a full kitchen and bathroom. The 1st Floor has 2 bedroom $1,340 and 1 full bathroom. The 2nd Floor $1,450 has 3 bedrooms and 1 full bathroom and The Attic $1,081 has a full finished bedroom with a full kitchen and bathroom. There are two boilers and three hot water tanks - two gas and one electric. Seller is selling AS is and the buyer is responsible for the Certificate of Occupancy and any TWP or Municipal to close. Buyer must verify all information but deemed correct. Schedule your appointment today.

Last Agent to Sell the Property

Carol Terrell

Keller Williams - Main Street License #227464 Listed on: 03/17/2025

Keller Williams - Main Street

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,207

Year Built

  • Built in 1937

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.00
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • 2,160 Sq Ft Home
  • Duplex
  • Craftsman Architecture
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Stove

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Schools

  • Nicholas S. La Corte-Peterstown School No. 03 Elementary School
  • Elizabeth High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Attic
  • Finished Basement

Listing and Financial Details

  • The owner pays for electricity, gas, heat, water, real estate taxes, sewer, insurance
  • Tax Lot 00013
  • Assessor Parcel Number 04-00557-00013

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Operating Expense $25,400
  • Gross Income $59,652
  • Net Operating Income $33,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,207

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Year Built: 1937
  • Automatically Close On Close Date: No
  • Remarks Public: Come see this money making Duplex, that has been Beautifully updated with great income potential to grab and hold for years to come. Some are tenant occupied. The Finished Basement $1,000 has a 1 bedroom open concept with a full kitchen and bathroom. The 1st Floor has 2 bedroom $1,340 and 1 full bathroom. The 2nd Floor $1,450 has 3 bedrooms and 1 full bathroom and The Attic $1,081 has a full finished bedroom with a full kitchen and bathroom. There are two boilers and three hot water tanks - two gas and one electric. Seller is selling AS is and the buyer is responsible for the Certificate of Occupancy and any TWP or Municipal to close. Buyer must verify all information but deemed correct. Schedule your appointment today.
  • Special Features: None

Interior Features

  • Appliances: Dryer, Oven/Range - Gas, Refrigerator, Stove, Washer
  • Flooring Type: Hardwood, Laminated
  • Interior Amenities: Attic, Bathroom - Tub Shower, Breakfast Area
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter
  • Room Count: 11
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2160
  • Living Area Sq Ft: 2160
  • Price Per Sq Ft: 243.06
  • Above Grade Finished Sq Ft: 2160
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 928

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ELIZABETH PUBLIC SCHOOLS
  • Elementary School: NICHOLAS S. LA CORTE-PETERSTOWN SCHOOL NO. 03
  • High School: ELIZABETH H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Key: 300200397450
  • School District Source: Listing Agent
  • Elementary School: NICHOLAS S. LA CORTE-PETERSTOWN SCHOOL NO. 03
  • High School: ELIZABETH H.S.

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2500.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R3 MULTIFAMILY

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Electricity, Gas, Heat, Water, Taxes - Real Estate, Sewer, Insurance
  • Rent Control: No
  • Total Actual Rent: 47652.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 59652.00
  • Gross Scheduled Income: 59652.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 25400.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Tax Annual Amount: 8207.00
  • Assessor Parcel Number: 04-00557-00013
  • Tax Lot: 00013
  • Tax Total Finished Sq Ft: 2160
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 05/02/2025

MLS Schools

  • School District Name: ELIZABETH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2025
Closed on
Apr 16, 2025
Sold by
Guzman Jovanni
Bought by
Amilcar Rasheed
Seller's Agent
Carol Terrell
Keller Williams - Main Street
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$525,000
Sold Price
$610,000
Premium/Discount to List
$85,000
16.19%
Views
30
Current Estimated Value
$590,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,422
Avg. Annual Appreciation
-9.62%
Original Mortgage
$579,500
Outstanding Balance
$577,971
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$12,607

Purchase Details

Closed on
Nov 15, 2021
Sold by
Guzman Felix
Bought by
Guzman Jovanni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,193
Interest Rate
3.05%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 2019
Sold by
Guzman Pedro
Bought by
Guzman Felix

Purchase Details

Closed on
Apr 9, 2018
Sold by
Flagstar Bank
Bought by
Guzman Pedro

Purchase Details

Closed on
Jul 5, 2016
Sold by
Polen Johne and Polen Feliocia
Bought by
Flagst Bank Fsb

Purchase Details

Closed on
May 28, 2002
Sold by
Horton George J
Bought by
Polen Johnnie and Polen Felicia
Source: Public Records

Range of Values:

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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
Amilcar Rasheed $610,000 North Star Title Agency
Rasheed Amilcar $610,000 North Star Title Agency
Guzman Jovanni $450,000 None Available
Guzman Felix $145,000 Golden Title Agency Llc
Guzman Pedro $148,557 Coastal Title Agency Inc
Flagst Bank Fsb $1,000 None Available
Polen Johnnie $60,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rasheed Amilcar $579,500
Previous Owner Guzman Jovanni $389,193
Previous Owner Polen Johnnie $198,000
Previous Owner Polen Felecia $169,000
Previous Owner Horton George J $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $610,000 +16.2% $282 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
03/17/2025 03/17/25 For Sale $525,000 -- $243 / Sq Ft
Source: Bright 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 $6,443 $426,600 $157,500 $269,100
2023 $6,443 $20,500 $6,600 $13,900
2022 $6,269 $20,500 $6,600 $13,900
2021 $6,139 $20,500 $6,600 $13,900
2020 $6,001 $20,500 $6,600 $13,900
2019 $5,909 $20,500 $6,600 $13,900
2018 $5,851 $20,500 $6,600 $13,900
2017 $5,688 $20,500 $6,600 $13,900
2016 $5,689 $20,500 $6,600 $13,900
2015 $5,350 $20,500 $6,600 $13,900
2014 $5,190 $20,500 $6,600 $13,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJUN2000394

Bright MLS

APN: 04-00007-0000-00217