by RHP Realty

See Home Value
$349,000
↓ $20K (6.7%)
House - Off Market

32 Palm St

Newark City, NJ 07106
bedrooms
5 Beds
bathrooms
2 Baths
$358,294
RealtyHop Estimate
2.66%
Since Jun 1, 2023
NY-New York
Primary Model

About This Property

Won't last long! This beautiful 1Family property could be a fix and flip for investors or buy fix and hold for passive income. Approved plans pending for 2-family conversion. property will be worth $575,000 after renovation. Over $225,000 worth of equity in there when you purchase itDepending on your contractor you can spend $80,000 to $100,000 to renovate this property based on what updates you prefer to do. This property is also borderline of South Orange New Jersey, which is a very upscale appreciating area. We predict values to go up another hundred thousand dollars within a year or two. Also, this property has the potential to be converted into a 2family property 5 bedrooms, which will include the 1st Floor apartment with 2big bedrooms, bathroom and share kitchen/living room.2nd floor apartment will be a 3bedroom Duplex with humongous Master Bedroom and Bathroom in the attic, 2 bedrooms below, share kitchen / living room with a bathroom and home office. The basement also have plenty of overhead with a bathroom in there. 4bathrooms can be placed in this property, bringing the value up even more. Adding Solar, energy to this property will bring the value up another 15%. Great deal won't last long taking the heights offers.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1902
Last updated: 12 months ago (GSMLS #3829354)

Price History

Date / Event Date Event Price
Mar 18, 2024 Price Decreased $279,000
↓ $20K (6.7%)
Price Decreased
Feb 16, 2024 Price Decreased $299,000
↓ $11K (3.6%)
Price Decreased
Feb 8, 2024 Price Decreased $310,000
↓ $39K (11.2%)
Price Decreased
Jan 11, 2024 Listed by Your Town Realty $349,000
Listed by Your Town Realty
1Family totally gutted out renovation ready for seasoned or first time investors. 4 full bathrooms in total. 5 bedrooms which includes an attic, suite. Plus a 6th room is used as an office space. APPROVED PLANS & BLUEPRINT CAD LAYOUT by city of Newark building department and engineering, for framing, HVAC 2 zones, electric plus updated electrical panels for 200 Amps , plumbing and Fire protection. The manager has listed the unit size as 1500 square feet.
Nov 28, 2023 No longer available -
No longer available
Show More

Property Highlights

Parking Details
Driveway Description: On-Street Parking
Interior Details

Bathroom Information

Full Bathrooms: 2

Interior Information

Appliances: See Remarks
Flooring : Carpeting, Wood

Room Information

Rooms: 7
Kitchen Area Description: Eat-In Kitchen

Basement Information

Has Basement
Basement Description: Unfinished


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
-
$370,000 Jun 28, 2022
$370,000 Sep 16, 2022
-
House
4 Beds
2.1 Baths
-
$339,000 Nov 30, -0001
$365,000 Dec 23, 2022
-
House
4 Beds
2 Baths
-
$400,000 Nov 30, -0001
$450,000 Aug 22, 2023
-
House
4 Beds
1.1 Baths
-
$399,000 Nov 30, -0001
$437,000 Jun 13, 2022
-
House
4 Beds
1.1 Baths
-
$290,000 Nov 30, -0001
$310,000 Aug 25, 2022
-
House
3 Beds
2 Baths
-
$350,000 Nov 1, 2023
$350,000 Nov 1, 2023
$169/mo
House
5 Beds
4 Baths
-
$349,000 Jan 11, 2024
-
-
Multifamily
5 Beds
4 Baths
-
$350,000 Dec 18, 2023
-
$479/mo
In Contract
Multifamily
5 Beds
3 Baths
-
$350,000 Oct 11, 2023
-
$360/mo
Multifamily
5 Beds
3 Baths
-
$349,900 Jan 23, 2023
-
$360/mo
House
4 Beds
2 Baths
-
$360,000 Sep 18, 2023
-
$356/mo
House
4 Beds
3 Baths
-
$375,000 Jan 3, 2024
-
$811/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
-00011130
11/30/-0001
3 Bed
1 Bath
-
$205,000
bedrooms
3 Bed
bathrooms
1 Bath
$210,000 +2.44%
02/13/2023
-
NICHOLAS VERDI
LIFESTYLE INTERNATIONAL REALTY

Building Info

32 Palm Street 32 Palm Street, Newark, NJ 07106
  • 1 Unit for Sale
More about this Building
32 Palm Street
Want to find out who owns 32 Palm Street, Newark, NJ 07106? Get detailed property transactions here .

About Lower Vailsburg


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