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60 South 12th Street

60 South 12th Street, Newark, NJ 07107
Multifamily in Fairmount
Local assessors in Newark, NJ have categorized 60 South 12th Street as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 2,500 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 250 ft. This is a 3 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 60 South 12th Street has a total of 2,440 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. 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. 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, 60 South 12th Street was last sold in May 3, 2021 for $560,000. According to our calculations, that's $229.51 per sqft. Prior to that sales transaction, the property was sold for $115,000 in Apr 4, 2017. Current property owners are expected to pay $5,548 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2017. The property on 60 South 12th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $148,500. To break that down further, the land itself was valued at $21,300. While improvements to the property were assessed at a total of $127,200. 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. 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.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

Vinyl Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200826
08/26/2020
6 Bed
3 Bath
-
$515,000
bedrooms
6 Bed
bathrooms
3 Bath
$560,000 +8.74%
05/24/2021
CARMEN J. RODRIGUEZ

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,440
  • Building Area: 2,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : REYES VICTORIA
  • Previous Owner : SERAFIN SYLWESTER
  • Owner Before Previous Owner: HARRIS FREDDIE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 001700

Geography

  • Assessors Map Reference: TAX MAP 32
  • District: 14
  • Parcel: 14 01868-0000-00048
  • Block: 1868
  • Lot: 48
  • Municipality: NEWARK CITY
  • Latitude: 40.7524
  • Longitude: -74.1965

    Address

  • Full Address: 60 S 12th St
  • Address - House Number: 60
  • Street Direction: S
  • Address - Street Name: 12th
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newark
  • Carrier Code: C019
  • 4-Digit Zip Code: 1516
  • Zip Code: 07107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,548
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 89
  • Final Value: 525,040
  • High Value: 581,117
  • Low Value: 468,963

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,898
  • First Open Lien Mortgage Lender: LAKEVIEW COMMUNITY CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Feb 16, 2022
  • First Open Lien Mortgage Loan Amount: $548,898
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $148,500
  • Market Land Value: $21,300
  • Market Improvement Value: $127,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,500
  • Assessed Land Value: $21,300
  • Assessed Improvements Value: $127,200

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 24, 2021
  • Current Sale Transaction ID: 11839021712
  • Current Sale Price: $560,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021065149
  • Previous Sale Recording Date: Jun 20, 2017
  • Previous Sale Contract Date: Apr 04, 2017
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NEIGHBORHOOD MTG ACCE
  • First Mortgage Transaction Date: May 24, 2021
  • First Mortgage Loan Amount: $549,857
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

About Fairmount



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Nearby Rentals

Unit for rent at 453 Mulberry St, Newark City, NJ, 07114

$9,000 /mo

  • Studio
453 Mulberry St, Newark City, NJ, 07114 Listing by MAUREEN DEVORE ROSA

Frequently Asked Questions

What neighborhood is 60 South 12th Street located in?
The 60 South 12th Street is a multifamily located in the neighborhood of Fairmount in Fairmount, Newark.
What is the average sales price for listings in 60 South 12th Street?
The average sales price for units in 60 South 12th Street is $515,000 currently.

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