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259 Walnut Street

259 Walnut Street, Newark, NJ 07105
Property in North Ironbound
Sold Dec 05, 2019
$373,000
Seller
$489,000 by Indymac Bank Fsb
Mortgage
Sold Feb 02, 2006
$489,000
$489,000 by Indymac Bank Fsb
Mortgage
259 Walnut Street has been categorized by the local assessors in Newark, NJ as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The building has a total of 2 stories. In addition, 259 Walnut Street has 1,616 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 955 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 2,866 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 259 Walnut Street was last sold in Oct 21, 2019 for $373,000. According to our calculations, that's $230.82 per sqft. Prior to that sales transaction, the property was sold for $489,000 in Jan 31, 2006. Current property owners are expected to pay $7,035 in taxes per year. The property on 259 Walnut Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $188,300. To break that down further, the land itself was valued at $76,000. While improvements to the property were assessed at a total of $112,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 2,866
  • Lot Size Depth Feet: 955
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,616
  • Building Area: 1,616
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,616
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.066
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 159 WALNUT LLC
  • Previous Owner : FNMA
  • Owner Before Previous Owner: NEVES JOAO SOUSA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 007000

Geography

  • Assessors Map Reference: TAX MAP 77
  • District: 14
  • Parcel: 14 00962-0000-00059
  • Block: 962
  • Lot: 59
  • Municipality: NEWARK CITY
  • Latitude: 40.7272
  • Longitude: -74.1629

    Address

  • Full Address: 259 Walnut St
  • Address - House Number: 259
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newark
  • Carrier Code: C012
  • 4-Digit Zip Code: 4560
  • Zip Code: 07105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,035

    Appraisal Valuation

  • Standard Deviation: 0.2363
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 67
  • Final Value: 506,166
  • High Value: 625,779
  • Low Value: 386,552

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $489,000
  • First Open Lien Mortgage Lender: INDYMAC BANK FSB
  • First Open Lien Mortgage Recording Date: Feb 02, 2006
  • First Open Lien Mortgage Loan Amount: $489,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $188,300
  • Market Land Value: $76,000
  • Market Improvement Value: $112,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $188,300
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $112,300

    Sales

  • Current Sale Contract Date: Oct 21, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Transaction ID: 11712385956
  • Current Sale Price: $373,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202019115034
  • Previous Sale Recording Date: Feb 02, 2006
  • Previous Sale Contract Date: Jan 31, 2006
  • Previous Sale Amount: $489,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: INDYMAC BANK FSB
  • Previous Mortgage Transaction Date: Feb 02, 2006
  • Previous Mortgage Loan Amount: $489,000

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Frequently Asked Questions

What neighborhood is 259 Walnut Street located in?
The 259 Walnut Street is a located in the neighborhood of North Ironbound in North Ironbound, Newark.
What is the average sales price for listings in 259 Walnut Street?
The average sales price for units in 259 Walnut Street is $0 currently.

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