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706 Springfield Avenue

706 Springfield Avenue, Newark, NJ 07103
Multifamily in West Side
This has been categorized as a commercial property type. There are a total of 3 floors. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 498. In total, the area measurement of the land is 1,246 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the 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, 706 Springfield Avenue was last sold in Sep 21, 2018 for $22,000. Prior to that sales transaction, the property was sold for $6,500 in Oct 15, 1974. Current property owners are expected to pay $5,189 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2017. The property on 706 Springfield Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $138,900. To break that down further, the land itself was valued at $41,800. While improvements to the property were assessed at a total of $97,100. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190320
03/20/2019
4 Bed
2 Bath
-
$159,900
bedrooms
4 Bed
bathrooms
2 Bath
-
-
-
-

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,246
  • Lot Size Depth Feet: 498
  • Lot Size Frontage Feet: 250
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.029
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : PELHAM PROPERTIES MGMT
  • Previous Owner : ATLF PROPERTIES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 15, 2024

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 003500

Geography

  • Assessors Map Reference: TAX MAP 82
  • District: 14
  • Parcel: 14 00367-0000-00038
  • Block: 367
  • Lot: 38
  • Municipality: NEWARK CITY
  • Latitude: 40.7299
  • Longitude: -74.2141

    Address

  • Full Address: 706 Springfield Ave
  • Address - House Number: 706
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C074
  • 4-Digit Zip Code: 1020
  • Zip Code: 07103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,189
  • Intital Tax Deliquent Year: 2017

    Market Valuation

  • Market Total Value: $138,900
  • Market Land Value: $41,800
  • Market Improvement Value: $97,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $138,900
  • Assessed Land Value: $41,800
  • Assessed Improvements Value: $97,100

    Sales

  • Current Sale Contract Date: Sep 21, 2018
  • Current Sale Recording Date: Oct 15, 2018
  • Current Sale Transaction ID: 11594297352
  • Current Sale Price: $22,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 2018089153
  • Previous Sale Recording Date: Oct 15, 1974
  • Previous Sale Contract Date: Oct 15, 1974
  • Previous Sale Amount: $6,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMID SPECIAL OPPORTUNITY
  • First Mortgage Transaction Date: Oct 15, 2018
  • First Mortgage Loan Amount: $50,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)

About West Side



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Frequently Asked Questions

What neighborhood is 706 Springfield Avenue located in?
The 706 Springfield Avenue is a multifamily located in the neighborhood of West Side in West Side, Newark.
What is the average sales price for listings in 706 Springfield Avenue?
The average sales price for units in 706 Springfield Avenue is $0 currently.

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