251 Malvern Street

Local assessors in Newark, NJ have categorized 251 Malvern Street as a commercial type of property. The property's lot size has been calculated to be 2,892 square feet. The linear feet between the front and back of the lot was measured at 827 ft and the front of the lot was measured at 350 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

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 concrete block control joints. Lots of concrete block were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 251 Malvern Street sold most recently in Jan 24, 1991 for a total of $325,000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,433 in taxes each year. 251 Malvern Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $252,500. If we break it down further, the land itself was valued at $115,500. Improvements to the property, however, were assessed at a total of $137,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.