by RHP Realty

See Home Value
$185,000
Multifamily - Off Market

276 S 11Th St

Newark City, NJ 07103
bedrooms
6 Beds
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$210,000 Nov 30, -0001
$285,000 Mar 2, 2022
-
House
3 Beds
1.1 Baths
-
$175,000 Nov 30, -0001
$165,000 Sep 27, 2023
-
Land
Loft
-
-
$200,000 Nov 30, -0001
$175,000 Jul 18, 2023
-
Land
Loft
-
-
$200,000 Nov 30, -0001
$170,000 Nov 10, 2022
-
Land
Loft
-
-
$200,000 Nov 30, -0001
$170,000 Nov 10, 2022
-
House
3 Beds
2 Baths
-
$165,000 Sep 26, 2023
$165,000 Sep 26, 2023
$278/mo
In Contract
Multifamily
6 Beds
-
-
$210,000 Sep 19, 2023
-
-
Multifamily
8 Beds
-
-
$175,000 Sep 1, 2023
-
-
Multifamily
4 Beds
2 Baths
-
$200,000 Aug 2, 2022
-
$403/mo
House
2 Beds
1 Bath
-
$185,000 Nov 9, 2023
-
$262/mo
Land
Loft
-
-
$169,900 Oct 3, 2023
-
-
Land
Loft
-
-
$214,900 Oct 3, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230613
06/13/2023
6 Bed
-
-
$250,000
bedrooms
6 Bed
bathrooms
-
-
-
-
EVANS JONES
COOPER REAL ESTATE MNGMT. LLC

Building Info

276 South 11th Street 276 South 11th Street, Newark, NJ 07103
More about this Building
276 South 11th Street
Want to find out who owns 276 South 11th Street, Newark, NJ 07103? Get detailed property transactions here .

About Fairmount


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