247 Lafayette Street

Newark, NJ 07105

$740,000
Last Sold Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Location, location, location. This home is centrally located in the IRONBOUND Section. Used as legally as a 3-family house but can also be used as Commercial or Business. Driving through the area you will notice all the great Commercial and Residential development currently in progress. Very conveniently located, short walk to Path Station and public transportation, near schools and food stores. The only house on the block with garages. SOLD IN "as is condition" Rents are below market value. 1st...Location, location, location. This home is centrally located in the IRONBOUND Section. Used as legally as a 3-family house but can also be used as Commercial or Business. Driving through the area you will notice all the great Commercial and Residential development currently in progress. Very conveniently located, short walk to Path Station and public transportation, near schools and food stores. The only house on the block with garages. SOLD IN "as is condition" Rents are below market value. 1st fl. is vacant. Rent value at $2,300. 2nd & 3rd fl. tenants are month to month. Separate utilities. Low taxes.
  1. Listed by LEONEL BEXIGA • TOP CHOICE REALTY NETWORK

Property Details for 247 Lafayette Street

Directions
between Madison and Jefferson
Days On Market
44

Location

Add your commute
LISTING UPDATED: 11/18/2023 03:02 AM

Property Details for 247 Lafayette Street

StatusSold
MLS #3810753
Days on Market44
Taxes$9,454 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.08 AC / 3,484 SF
CountyEssex County

Location

Add your commute

Building Information for 247 Lafayette Street

Stories-Residences3Year Built1920Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$4,826 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,038

Property Taxes

$788

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 247 Lafayette Street

Summary
Location and General Information
  • Zoning: commercial
  • Middle/Jr High School: LAFAYETTE
  • Grade School: LAFAYETTE
  • High School: EAST SIDE
  • Active Days on Market: 47
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 188
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 247.0
  • # Parking Spaces: 2
  • County Or Parish: Essex
  • Street Name: Lafayette St
  • Zip Code: 07105-2142
  • 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: $9,454
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 253200.0
  • Tax ID For Property: 1614-00188-0000-00029-0000-
  • 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: 2 Car Width
  • # Garage Spaces: 2
  • Garage Description: Detached Garage, Oversize Garage
Property
Lot Information
  • Lot Identifier: 29
  • Approximate Lot Size: 48.2X68.4
  • Total Acres: 0.08
  • Construction Date/Year Built: 1920
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 185000.0
  • Assessment Land: 68200.0
Utilities
  • Cooling: Window A/C(s)
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Available
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cinder Block
Interior Features
  • Roof Description: Rubberized
  • Basement: Yes
  • Basement Description: Unfinished, Walkout
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Pantry
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Pantry
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Pantry
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 247 Lafayette Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 247 Lafayette Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 3
Public - K to 8
Rating
School
Distance
Lafayette Street Elementary School
PublicPK to 8

East Side High School
Public9 to 12

East Ward Elementary School
PublicPK to 3

Wilson Avenue Elementary School
PublicK 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.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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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 TOP CHOICE REALTY NETWORK, LEONEL BEXIGA

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 05/03/2024 05:24 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.