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296 Ridgewood Avenue

296 Ridgewood Avenue, Newark, NJ 07112
Multifamily in Lower Clinton Hill
Local assessors in Newark, NJ have categorized 296 Ridgewood Avenue as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 1,869 square feet. The linear feet between the front and back of the lot was measured at 718 ft and the front of the lot was measured at 261 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 296 Ridgewood Avenue has a total of 4,578 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. 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 brick control joints. Lots of brick were used in the construction of the exterior walls of the home. 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, 296 Ridgewood Avenue was last sold in Jan 22, 2024 for $193,429. According to our calculations, that's $42.25 per sqft. Prior to that sales transaction, the property was sold for $415,000 in Jul 8, 2021. Current property owners are expected to pay $5,712 in taxes per year. The property on 296 Ridgewood Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $152,900. To break that down further, the land itself was valued at $20,900. While improvements to the property were assessed at a total of $132,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Aluminum Siding
Brick Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200113
01/13/2020
7 Bed
6 Bath
-
$445,000
bedrooms
7 Bed
bathrooms
6 Bath
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 1,869
  • Lot Size Depth Feet: 718
  • Lot Size Frontage Feet: 261
  • Total Building Area: 4,578
  • Building Area: 4,578
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,578
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.043
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : TAMBO CORINA
  • Current Owner 2: TAMBO CLARA
  • Previous Owner : TAMBO CORINA
  • Previous Owner 2: OSTENDORF LAIZA
  • Owner Before Previous Owner: FARIA MARIO A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 005000

Geography

  • Assessors Map Reference: TAX MAP 111
  • District: 14
  • Parcel: 14 03562- 01-00028
  • Block: 3562.01
  • Lot: 28
  • Municipality: NEWARK CITY
  • Latitude: 40.7131
  • Longitude: -74.1985

    Address

  • Full Address: 296 Ridgewood Ave
  • Address - House Number: 296
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C036
  • 4-Digit Zip Code: 2815
  • Zip Code: 07112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,712

    Appraisal Valuation

  • Standard Deviation: 0.2368
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 562,698
  • High Value: 695,929
  • Low Value: 429,467

    Market Valuation

  • Market Total Value: $152,900
  • Market Land Value: $20,900
  • Market Improvement Value: $132,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $152,900
  • Assessed Land Value: $20,900
  • Assessed Improvements Value: $132,000

    Sales

  • Current Sale Contract Date: Jan 22, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Transaction ID: 11921730084
  • Current Sale Price: $193,429
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 9286
  • Previous Sale Recording Date: Sep 07, 2021
  • Previous Sale Contract Date: Jul 08, 2021
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: 1ST 2ND MORTGAGE CO OF NEW JER
  • Previous Mortgage Transaction Date: Sep 07, 2021
  • Previous Mortgage Loan Amount: $407,483
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2051

About Lower Clinton Hill



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Frequently Asked Questions

What neighborhood is 296 Ridgewood Avenue located in?
The 296 Ridgewood Avenue is a multifamily located in the neighborhood of Lower Clinton Hill in Lower Clinton Hill, Newark.
What is the average sales price for listings in 296 Ridgewood Avenue?
The average sales price for units in 296 Ridgewood Avenue is $0 currently.

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