$389000 Price Analysis    ♡   Newark, NJ 07112 5 bed 1 bath unknown SqFt ($0/SqFt) 3920SqFt lot. Listed 2023-12-27, Taxes $4697 | Ⓧ USDA Ineligible due to location near Newark |
This is a 1-family investment opportunity zoned for a 2 to 3-family in Newark that NEEDS city approvals from the township to convert into a 2 -3-family hom.
* Sale Pending *Brand new siding and ready for your completion with your final touches. The current owner's lender estimated an after-repair value of $625-645K+. With pending permits, there's an opportunity for the buyer to continue the project, unlocking even greater potential. Options abound to enhance the property's value, including extending the home on the second floor and replacing the deck to create additional rooms and a bathroom. Alternatively, convert into a 2-family home with relevant city approvals.
A renovated basement will add further value, providing additional recreational space and elevating the after-repair value to $600-650K+. Located near all modes of public transport Once done; this property will have a good amount of equity since renovated homes go above $680k.Can Features a 2 bed / 1 bath on the first floor and a 5 bed / 1 bath duplex on the 2nd floor to make a Master suite.+ private driveway with garage. Brand new roof and windows replaced Close commute to NYC, Newark airport, highways and public transportation also Weequahic Park, schools and Newark Beth Israel hospital. This home Won't l ast!
Presented by Raeemah Redd at
EXP REALTY, LLC.
Property MLS #3879238 from GardenState
Full Bathrooms: 1
Basement Description: Full, Unfinished
Heating Fuel: Gas-Natural
Lot Size Acres: 0.09
Lot Size Square Feet: 3920
Garage Spaces: 1
Garage Description: Detached Garage
Parking Total: 3
Bedrooms in Unit-1: 5
Total Bathrooms in Unit-1: 1.0
Total Rooms in Unit-1: 13
Unit-1 Description: Attic, Bedrooms, Den, Eat-In Kitchen, Family Room, Living/Dining Room
Unit-1 Furnished Description: Refrigerator
Source Listing Status: Under Contract
County: Essex
Directions: NJ Turnpike, GSP, I-78 W or E to Lyons Ave Aldine St to Weequahic Avenue.
Tax Year: 2022
Source Property Type: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $107000 + $19000 $126000 | $4697 |
| 2022 | $107000 + $19000 $126000 | $4707 |
| 2021 | $107000 + $19000 $126000 | $4704 |
| 2020 | $107000 + $19000 $126000 | $4788 |
| 2019 | $107000 + $19000 $126000 | $4738 |
| 2018 | $107000 + $19000 $126000 | $4653 |
| 2017 | $107000 + $19000 $126000 | $4485 |
| 2016 | $107000 + $19000 $126000 | $4334 |
| 2015 | $107000 + $19000 $126000 | $4169 |
| 2014 | $107000 + $19000 $126000 | $3907 |
| 2013 | $107000 + $19000 $126000 | $3720 |
| 2012 | $68400 + $45000 $113400 | $3914 |
| 2010 | $68400 + $45000 $113400 | $3606 |
| 2009 | $68400 + $45000 $113400 | $3106 |
| 2008 | $68400 + $45000 $113400 | $2947 |
| 2007 | $68400 + $45000 $113400 | $2823 |
$0
NewJerseyMLS
Listed 2024-05-07
$389000
NewJerseyMLS
Listing removed 2023-12-28
$0
NewJerseyMLS
Listing removed 2023-12-27
$0
GardenState
Listed 2023-12-27
$389000
GardenState
Listed 2023-10-30
$399000
NewJerseyMLS
Listed 2023-10-30
$399000
GardenState
Sold 2023-02-22
$270000
Public Record
Listing removed 2022-09-23
$0
GardenState
Listing removed 2022-09-14
$0
GardenState
Listed 2022-09-13
$315000
GardenState
Listed 2022-09-13
$350000
GardenState
Listing removed 2022-05-23
$0
GardenState
Listed 2022-04-11
$315000
GardenState
Listing removed 2022-03-13
$0
GardenState
Listed 2022-02-27
$315000
GardenState
Sold 2022-01-21
$223011
Public Record
Sold 2019-06-10
$190500
Public Record
Sold 2009-01-22
$245000
Public Record
Sold 2008-06-09
$70000
Public Record
Sold 2007-10-25
$145000
Public Record
Sold 1984-05-07
$31000
Public Record
Water Source: Public Water
Roof: Asphalt Shingle
House Style: 2-Two Story
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.