$185,000
●
Multifamily -
Off Market
276 S 11Th St
Newark City, NJ 07103
6 Beds
0 Bath
$192,160
RealtyHop Estimate
3.87%
Since May 1, 2023
NY-New York
Primary Model
About This Property
The Seller is an investment company selling its 75%
tenant-in-common ownership interest. Additionally, through a
separate entity, the Seller is the owner of an approximately $35K
foreclosable tax lien against the property for unpaid property
taxes, which it will also assign as a part of the purchase price.
For a buyer to acquire 100% ownership of the property, the Buyer
must complete a tax lien foreclosure, which will take approximately
four to six months to obtain a final judgment, vesting the Buyer
with 100% fee title of the property. The subject sale is CASH ONLY;
no financing is possible; Seller will convey title by Quitclaim
Deed and a Tax Lien Assignment ONLY. The Seller will consider
providing consulting services to assist Buyer, if necessary,
through the tax lien foreclosure process for an additional fee. The
Seller is in exclusive possession of the property as a co-owner.
The Seller requires valid proof of funds for access; no attorney
escrow letters, third-party funding, or transactional funding
letters are acceptable. The Seller holds an unassignable Purchase
and Sale Agreement for the remaining 25% ownership interest.The
Seller will agree not to perform under the contract, allowing the
purchaser to foreclose. The Seller will pay off any other tax lien
at closing so its assignable lien is a priority position. This
transaction is for a creative cash-ready investor only. No
WHOLESALERS. The Seller will directly vet all potential Buyers.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$474
HOA Dues
-
Year Built
1920
Last updated: 2 years ago (GSMLS #3822466)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 29, 2023 | Sold to Elin Birnbaum | $301,000 | |
Sold to Elin Birnbaum | |||
Oct 31, 2023 | Sold | $10,000 | |
Sold | |||
Sep 15, 2023 | Sold | $10,000 | |
Sold | |||
Apr 17, 2023 | No longer available | - | |
No longer available | |||
Dec 30, 2022 | Listed by COOPER REAL ESTATE MNGMT. LLC | $185,000 | |
Listed by COOPER REAL ESTATE MNGMT. LLC |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
2
Baths
-
$165,000
Sep 26, 2023
$165,000
Sep 26, 2023
$278/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/13/2023
|
|
6 Bed
|
-
|
-
|
$250,000
6 Bed
-
|
-
-
|
-
|
EVANS JONES
COOPER REAL ESTATE MNGMT. LLC
|