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Map
$349,000
↓ $20K (6.7%)
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House -
Off Market
32 Palm St
Newark City, NJ 07106
5 Beds
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 | |||
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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.
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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
Exterior Details
Property Information
Style: Colonial
Year Built Description: Approximate
Financial Details
Tax Rate: 3.736
Tax Rate Year: 2022
Tax Year: 2022
Tax Amount: $4,580
Assessment Building: $105,700
Assessment Land: $16,900
Assessment Total : $122,600
Utilities Details
Cooling Type: 1 Unit
Heating Type: 1 Unit, Radiators - Hot Water
Heating Fuel: Gas-Natural
Water Source: Public Water
Sewer Septic: Public Sewer
Utilities: All Underground, Electric, Gas-Natural
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/30/-0001
|
|
3 Bed
|
1 Bath
|
-
|
$205,000
3 Bed
1 Bath
|
$210,000
+2.44%
02/13/2023
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NICHOLAS VERDI
LIFESTYLE INTERNATIONAL REALTY
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