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398 Lincoln Avenue

398 Lincoln Avenue, Newark, NJ 07104
Multifamily in North Broadway
1 Units For Sale
Unit for sale at 398 Lincoln Ave, Newark City, NJ 07104

$398,500

  • 4 Beds
398 Lincoln Ave, Newark City, NJ 07104 Listing by Eddy Curtinez

Local assessors in Newark, NJ have categorized 398 Lincoln 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 3,101 square feet. The linear feet between the front and back of the lot was measured at 1,240 ft and the front of the lot was measured at 250 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 398 Lincoln Avenue has a total of 1,938 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 is only one available parking space, so if you need more, you may need to find some alternatives. 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 frame control joints. The property was last sold in Apr 6, 2023 for $375,000. That's $193.50 per sqft. 398 Lincoln Avenue was last assessed in 2022. The total value of the property was assessed at $125,000. Specifically, the land the property is located on was valued at $28,200. While improvements on the property were assessed at a total of $96,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,670. 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 description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,101
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,938
  • Building Area: 1,938
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,938
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.071
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GOMEZ GALINDO NAYLETH
  • Current Owner 2: GOMEZ MARCO LE
  • Previous Owner : TIJERO ZENAIDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 009600

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 14
  • Parcel: 14 00819-0000-00006
  • Block: 819
  • Lot: 6
  • Municipality: NEWARK CITY
  • Latitude: 40.7798
  • Longitude: -74.1577

    Address

  • Full Address: 398 Lincoln Ave
  • Address - House Number: 398
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C050
  • 4-Digit Zip Code: 3512
  • Zip Code: 07104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,670

    Appraisal Valuation

  • Standard Deviation: 0.1066
  • Valuation Date: May 31, 2023
  • Confidence Score: 89
  • Final Value: 407,218
  • High Value: 450,665
  • Low Value: 363,772

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $362,484
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Open Lien Mortgage Recording Date: May 12, 2023
  • First Open Lien Mortgage Loan Amount: $362,484
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $125,000
  • Market Land Value: $28,200
  • Market Improvement Value: $96,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $125,000
  • Assessed Land Value: $28,200
  • Assessed Improvements Value: $96,800

    Sales

  • Current Sale Contract Date: Apr 06, 2023
  • Current Sale Recording Date: May 12, 2023
  • Current Sale Transaction ID: 11907469620
  • Current Sale Price: $375,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 28809

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Mortgage Transaction Date: May 12, 2023
  • First Mortgage Loan Amount: $362,484
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2053

About North Broadway



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Frequently Asked Questions

What neighborhood is 398 Lincoln Avenue located in?
The 398 Lincoln Avenue is a multifamily located in the neighborhood of North Broadway in North Broadway, Newark.
How many listings are currently for sale in 398 Lincoln Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 398 Lincoln Avenue?
The average sales price for units in 398 Lincoln Avenue is $398,500 currently.

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