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142 Hobson Street

142 Hobson Street, Newark, NJ 07112
Multifamily in Weequahic
Sold Jan 24, 2023
$480,000
$456,000 by Family First Funding Llc
Mortgage Due Feb 01, 2053
Sold Oct 12, 2022
$410,000
Local assessors in Newark, NJ have categorized 142 Hobson Street as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 2,574 square feet. The linear feet between the front and back of the lot was measured at 1,030 ft and the front of the lot was measured at 250 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 142 Hobson Street has a total of 2,240 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Jan 23, 2023 for $480,000. That's $214.29 per sqft. Prior to that sales transaction, the property was also sold in Sep 27, 2022 for $410,000. 142 Hobson Street was last assessed in 2022. The total value of the property was assessed at $144,800. Specifically, the land the property is located on was valued at $26,300. While improvements on the property were assessed at a total of $118,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,410. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,574
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,240
  • Building Area: 2,240
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,240
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.059
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : VAZQUEZ NOHELY
  • Previous Owner : CARACCIO STEVEN
  • Owner Before Previous Owner: GRIMES MARIA
  • Owner Before Previous Owner 2: GRIMES JOHN D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 004400

Geography

  • Assessors Map Reference: TAX MAP 102
  • District: 14
  • Parcel: 14 03061-0000-00052
  • Block: 3061
  • Lot: 52
  • Municipality: NEWARK CITY
  • Latitude: 40.715
  • Longitude: -74.2177

    Address

  • Full Address: 142 Hobson St
  • Address - House Number: 142
  • Address - Street Name: Hobson
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newark
  • Carrier Code: C055
  • 4-Digit Zip Code: 1322
  • Zip Code: 07112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,410

    Appraisal Valuation

  • Standard Deviation: 0.2332
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 67
  • Final Value: 408,599
  • High Value: 503,905
  • Low Value: 313,293

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $456,000
  • First Open Lien Mortgage Lender: FAMILY FIRST FUNDING LLC
  • First Open Lien Mortgage Recording Date: Jan 24, 2023
  • First Open Lien Mortgage Loan Amount: $456,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2053

    Market Valuation

  • Market Total Value: $144,800
  • Market Land Value: $26,300
  • Market Improvement Value: $118,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $144,800
  • Assessed Land Value: $26,300
  • Assessed Improvements Value: $118,500

    Sales

  • Current Sale Contract Date: Jan 23, 2023
  • Current Sale Recording Date: Jan 24, 2023
  • Current Sale Transaction ID: 11901785669
  • Current Sale Price: $480,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 4898
  • Previous Sale Recording Date: Oct 12, 2022
  • Previous Sale Contract Date: Sep 27, 2022
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAMILY FIRST FUNDING LLC
  • First Mortgage Transaction Date: Jan 24, 2023
  • First Mortgage Loan Amount: $456,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2053

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Frequently Asked Questions

What neighborhood is 142 Hobson Street located in?
The 142 Hobson Street is a multifamily located in the neighborhood of Weequahic in Weequahic, Newark.
What is the average sales price for listings in 142 Hobson Street?
The average sales price for units in 142 Hobson Street is $0 currently.

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