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77-79 Van Buren Street

77-79 Van Buren Street, Newark, NJ 07105
Property in North Ironbound
Sold Oct 14, 2021
$1,100,000
$825,000 by Manasquan Bank
Mortgage
77-79 Van Buren Street has been categorized by the local assessors in Newark, NJ as a residential type of property. The building has a total of 3 stories. In addition, 77-79 Van Buren Street has 544 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,010 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 3,332 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 77-79 Van Buren Street sold most recently in Sep 23, 2021 for a total of $1,100,000. If you work out the math, that's approximately a cost of $2,022.06 per sqft. 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 $14,455 in taxes each year. 77-79 Van Buren Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $386,900. If we break it down further, the land itself was valued at $120,000. Improvements to the property, however, were assessed at a total of $266,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

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

    Dimensions

  • Lot Size Square Feet: 3,332
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 330
  • Total Building Area: 544
  • Gross Building Area: 544
  • Building Area: 544
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 544
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.077
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : JNV PROPERTY LLC
  • Previous Owner : ANDRADE MARIA C
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 14
  • Parcel: 14 01991-0000-00012
  • Block: 1991
  • Lot: 12
  • Municipality: NEWARK CITY
  • Latitude: 40.7299
  • Longitude: -74.1563

    Address

  • Full Address: 77-79 Van Buren St
  • Address - House Number: 77-79
  • Address - Street Name: Van Buren
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newark
  • Zip Code: 07105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,455

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 62
  • Final Value: 739,327
  • High Value: 879,363
  • Low Value: 599,290

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $825,000
  • First Open Lien Mortgage Lender: MANASQUAN BANK
  • First Open Lien Mortgage Recording Date: Dec 07, 2022
  • First Open Lien Mortgage Loan Amount: $825,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $386,900
  • Market Land Value: $120,000
  • Market Improvement Value: $266,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $386,900
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $266,900

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Transaction ID: 11862198463
  • Current Sale Price: $1,100,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021123910

    Last Sale Mortgage

  • First Mortgage Lender: MANASQUAN BANK
  • First Mortgage Transaction Date: Oct 14, 2021
  • First Mortgage Loan Amount: $825,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About North Ironbound



Similar Buildings

Currently no similar buildings around

Nearby Rentals

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Frequently Asked Questions

What neighborhood is 77-79 Van Buren Street located in?
The 77-79 Van Buren Street is a located in the neighborhood of North Ironbound in North Ironbound, Newark.
What is the average sales price for listings in 77-79 Van Buren Street?
The average sales price for units in 77-79 Van Buren Street is $0 currently.

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