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Sold for $620,000
  • $620,000

    40-42 Silver St, Newark, NJ 07106

    8beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $729,100 Zestimate®
    $--/sqft
    $1,990 Estimated rent

    Home value

    $729,100

    $671,000 - $795,000

    $1,990/mo

    Zestimate® history
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    What's special

    This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.

    Zillow last checked:

    Listing updated:

    Listed by:

    Silvio Lavrador 908-591-1433,

    RE/MAX SELECT - Montclair

    Bought with:

    Alex Ruiz

    Ruiz Realty

    Source: NJMLS,MLS#: 24013868MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Laundry: Hook Ups

    Property

    Parking
    • Total spaces: 3
    Details
    • Parcel number: 1404109000000003

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat

    Community & neighborhood

    Location
    • Region: Newark

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    8/14/2024Sold$620,000+5.1%
    Source: NJMLS #24013868 Report a problem
    7/10/2024Pending sale$589,900
    Source: NJMLS #24013868 Report a problem
    6/27/2024Price change$589,900-1.7%
    Source: NJMLS #24013868 Report a problem
    5/30/2024Pending sale$599,900
    Source: NJMLS #24013868 Report a problem
    5/6/2024Price change$599,900+9.1%
    Source: NJMLS #24013868 Report a problem
    5/3/2024Listed for sale$549,900
    Source: NJMLS #24008945 Report a problem
    4/10/2024Pending sale$549,900
    Source: NJMLS #24008945 Report a problem
    3/27/2024Listed for sale$549,900+1057.7%
    Source: NJMLS #24008945 Report a problem
    9/19/2016Sold$47,500-84.2%
    Source: Public Record Report a problem
    10/15/2008Sold$300,000+46.3%
    Source: Public Record Report a problem
    9/19/2006Sold$205,000+62.3%
    Source: Public Record Report a problem
    3/8/2001Sold$126,300+125.5%
    Source: Public Record Report a problem
    5/31/2000Sold$56,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,655 +5.2%$141,400
    2024$5,377 +0.1%$141,400
    2023$5,373 $141,400
    2022$5,373 $141,400
    2021$5,373 +1%$141,400
    2020$5,318 +37.4%$141,400
    2019$3,869 $141,400
    2018$3,869 -20.5%$141,400
    2017$4,864 +4%$141,400
    2016$4,679 +6.7%$141,400
    2015$4,385 +5%$141,400
    2014$4,176 -7.2%$141,400 +4.6%
    2012$4,499 +4.7%$135,200
    2011$4,299 +16.1%$135,200
    2010$3,703 +5.4%$135,200
    2009$3,514 +4.4%$135,200
    2008$3,366 $135,200
    2007$3,366 $135,200
    2006-- $135,200
    2005-- $135,200
    2004$2,920 $135,200
    2003-- $135,200 +909%
    2002-- $13,400
    2001-- $13,400

    Find assessor info on the county website

    Neighborhood: Lower Vailsburg

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $729,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $729,100