$580,000
SOLD FEB 18, 2025

97 Burchard Ave East Orange, NJ 07017

4 Beds
2 Baths
-- Sq Ft
2,566 Sq Ft Lot

Recently Sold

5% Above List Price

13 Days on Market

About This Home

As of February 2025

Renovated 2-family home in the desireable Doddtown section of East Orange. This spacious and beautifully maintained 2-unit property is an excellent opportunity for investors or owner-occupants. Fully renovated in 2016, the property features two large bright units, each offering 2 bedrooms and 1 bathroom. The modern kitchens are equipped with stunning dark wood cabinets and quartz countertops, perfect for everyday living or entertaining. The first-floor unit boasts a cozy front porch, while the second-floor unit includes a charming terrace.Each unit has separate utilities, with washer and dryer hookups conveniently located in the basement and assigned to individual electric meters. On-site parking adds to the property's appeal. With its spacious design, thoughtful updates, and great condition, this home is easy to manage as a landlord or ideal for living in one unit while renting out the other. As-Is Sale.

Last Agent to Sell the Property

Kimya Nilsen

West of Hudson Real Estate Listed on: 11/29/2024

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,406

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 2,566 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00010 / 00821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,406

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 973-746-1515
  • MLS Status: Sold - Sold
  • Directions: N Park to Burchard
  • Architectural Style: 2 Family
  • Year Built Details: 2010's,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent

Utilities

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

Lot Info

  • Lot Size Sq Ft: 2566.0

Tax Info

  • Tax Annual Amount: 10406.0
  • Tax Block: 00821
  • Tax Lot: 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Feb 18, 2025
Sold by
Nilsen Leasing Llc and Nilsen Leasing Limited Liability Company
Bought by
Palta Morocho Luis
Seller's Agent
Kimya Nilsen
West of Hudson Real Estate
Buyer's Agent
Outside Agent
Outside Office
List Price
$550,000
Sold Price
$580,000
Premium/Discount to List
$30,000
5.45%
Views
37
Current Estimated Value
$563,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,125
Avg. Annual Appreciation
4.94%
Original Mortgage
$564,585
Outstanding Balance
$562,262
Interest Rate
7.04%
Mortgage Type
FHA
Estimated Equity
$31,889

Purchase Details

Listed on
Sep 30, 2015
Closed on
Sep 28, 2015
Sold by
Fannie Mae
Bought by
Nilsen Leasing Llc
Seller's Agent
Paul Anyanwu
GLOBAL REALTY RESOURCE
Sold Price
$65,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.15%

Purchase Details

Closed on
Oct 8, 2014
Sold by
Sheriff Armando Fontoura
Bought by
Fannie Mae
Source: Public Records

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Range of Values:

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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

Date Type Sale Price Title Company
Deed $580,000 Nu World Title
Deed $65,500 Attorney
Quit Claim Deed $100 --
Sheriffs Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $564,585 FHA
Previous Owner $367,500 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 Sold $580,000 +5.5% --
12/12/2024 12/12/24 Pending -- -- --
11/29/2024 11/29/24 For Sale $550,000 +739.7% --
09/30/2015 09/30/15 Sold $65,500 -- --
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 $10,496 $535,400 $92,700 $442,700
2024 $10,496 $331,300 $92,700 $238,600
2022 $9,628 $331,300 $92,700 $238,600
2021 $8,733 $157,600 $57,800 $99,800
2020 $8,621 $157,600 $57,800 $99,800
2019 $8,510 $157,600 $57,800 $99,800
2018 $8,405 $157,600 $57,800 $99,800
2017 $8,170 $157,600 $57,800 $99,800
2016 $8,042 $157,600 $57,800 $99,800
2015 $7,845 $157,600 $57,800 $99,800
2014 $7,735 $157,600 $57,800 $99,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24038133

New Jersey MLS

APN: 05-00821-0000-00010