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349 Ferry Street

349 Ferry Street, Newark, NJ 07105
Property in North Ironbound
Sold Dec 13, 2021
$700,000
$560,000 by Millenium Home Mortgage Llc
Mortgage Due Dec 01, 2036
Sold Sep 28, 1995
$240,000
$192,000 by 1st Town Mtg
Mortgage
349 Ferry Street in Newark, NJ was first built in 1996 and is 28 years old. This has been categorized as a residential property type. 349 Ferry Street has 2,786 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 349 Ferry Street sold most recently in Nov 3, 2021 for a total of $700,000. If you work out the math, that's approximately a cost of $251.26 per sqft. Before that, the property was also sold for $240,000 in Sep 7, 1995. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,991 in taxes each year. 349 Ferry Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $294,200. If we break it down further, the land itself was valued at $78,500. Improvements to the property, however, were assessed at a total of $215,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4
  • Total Building Area: 2,786
  • Building Area: 2,786
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,786
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

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

Ownership

  • Current Owner : JERONIMO KEVIN
  • Current Owner 2: JERONIMO JASON
  • Previous Owner : JERONIMO JOSE A
  • Previous Owner 2: GONCALVES ANA
  • Owner Before Previous Owner: FREITAS ARLINDO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 007300

Geography

  • Assessors Map Reference: TAX MAP 79
  • District: 14
  • Parcel: 14 02049-0000-00020- 05
  • Block: 2049
  • Lot: 20.05
  • Municipality: NEWARK CITY
  • Latitude: 40.7293
  • Longitude: -74.1474

    Address

  • Full Address: 349 Ferry St
  • Address - House Number: 349
  • Address - Street Name: Ferry
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newark
  • Zip Code: 07105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,991

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 75
  • Final Value: 677,514
  • High Value: 804,503
  • Low Value: 550,525

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $560,000
  • First Open Lien Mortgage Lender: MILLENIUM HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 13, 2021
  • First Open Lien Mortgage Loan Amount: $560,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2036

    Market Valuation

  • Market Total Value: $294,200
  • Market Land Value: $78,500
  • Market Improvement Value: $215,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $294,200
  • Assessed Land Value: $78,500
  • Assessed Improvements Value: $215,700

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Dec 13, 2021
  • Current Sale Transaction ID: 11875888824
  • Current Sale Price: $700,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021146742
  • Previous Sale Recording Date: Sep 28, 1995
  • Previous Sale Contract Date: Sep 07, 1995
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MILLENIUM HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 13, 2021
  • First Mortgage Loan Amount: $560,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: 1ST TOWN MTG
  • Previous Mortgage Transaction Date: Sep 28, 1995
  • Previous Mortgage Loan Amount: $192,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 349 Ferry Street located in?
The 349 Ferry Street is a located in the neighborhood of North Ironbound in North Ironbound, Newark.
What is the average sales price for listings in 349 Ferry Street?
The average sales price for units in 349 Ferry Street is $0 currently.

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