$389000 Price Analysis 285 Weequahic AveNewark, 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 |
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+. Wi th 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 n 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 last!
Presented by Raeemah Redd at
EXP REALTY, LLC.
Property MLS #3879238 from GardenState
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 |
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.