1 Ricord Street

Newark, NJ 07106

$580,000
Last Sold Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to the Vailsburg section of Newark where opportunity still knocks. Make this 3-family home your next home or investment property. 1-3 Ricord Street offers over 4,000 sq ft of living space and sits on a 50' x 100' corner lot with a detached 2-car garage. This home is being offered along with the adjacent 25' x 100' vacant lot (5 Ricord Street) which is zoned R-1 and allows for building a single-family home or can be kept just the way it is for additional yard space. This means combined property...Welcome to the Vailsburg section of Newark where opportunity still knocks. Make this 3-family home your next home or investment property. 1-3 Ricord Street offers over 4,000 sq ft of living space and sits on a 50' x 100' corner lot with a detached 2-car garage. This home is being offered along with the adjacent 25' x 100' vacant lot (5 Ricord Street) which is zoned R-1 and allows for building a single-family home or can be kept just the way it is for additional yard space. This means combined property taxes of approximately $8,150 and a total lot size of 7,500 sq ft! All tenants are month-to-month, and the current rents are below market. There is dining, entertaining, and shopping in town or in nearby South Orange and East Orange. And recreation in Vailsburg Park which is in proximity. This home is oil heated with a single furnace and has newer asphalt shingle roof (5 years old).
  1. Listed by JAMES HUGHES • COMPASS NEW JERSEY LLC

Property Details for 1 Ricord Street

Directions
On the corner of Ricord Street and Vermont Avenue.
Days On Market
22
Section/Subdiv/Development
Vailsburg
Add your commute
LISTING UPDATED: 04/01/2024 03:02 AM

Property Details for 1 Ricord Street

StatusSold
MLS #3821393
Days on Market22
Taxes$7,535 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1914
Lot Size0.11 AC / 4,791 SF
CountyEssex County
Add your commute

Building Information for 1 Ricord Street

Stories-Residences3Year Built1914Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$3,793 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,165

Property Taxes

$628

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Ricord Street

Summary
Location and General Information
  • Active Days on Market: 22
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 4038
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Blue
  • Town #: 1614.0
  • Street # Display: 1.0
  • # Parking Spaces: 2
  • County Or Parish: Essex
  • Street Name: Ricord St
  • Zip Code: 07106-2003
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,535
  • Street name Tax: *
  • Zip Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 201800.0
  • Tax ID For Property: 1614-04038-0000-00021-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Concrete
  • # Garage Spaces: 2
  • Garage Description: Detached Garage
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 21
  • Approximate Lot Size: 50X100
  • Total Acres: 0.11
  • Construction Date/Year Built: 1914
Property and Assessments
  • Assessment Bldg: 185500.0
  • Assessment Land: 16300.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 1 Unit, Radiators - Steam
  • Fuel Type: Oil Tank Below Ground
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Metal Fence, Sidewalk
Interior Features
  • Interior Features: Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas, See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 800.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 1500.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Gas, See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 1100.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1100.0
  • Unit 2 Sq Ft: 1500.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 3 Rent: 900.0
  • Unit 3 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 900.0
  • Unit 3 Sq Ft: 1000.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Insurance, Taxes
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 1 Ricord Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1 Ricord Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
B.R.I.C.K. Peshine Academy
PublicPK to 8

East Side High School
Public9 to 12

Chancellor Avenue Elementary School
PublicK to 8

Louise A. Spencer Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS NEW JERSEY LLC, JAMES HUGHES

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/18/2024 04:51 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.