3 Ricord Street

Newark, NJ 07106

$475,000
Price
Beds
4,043 Sq. Ft.
$117 / Sq. Ft.
4,043
Sq. Ft.
$117
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 one-family home or kept as additional yard space. This means combined property taxes of approximately $8,150...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 one-family home or kept as 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).

Listing Agent

  1. James Hughes

    James Hughes

    Listing Agent

    Compass

Property Details for 3 Ricord Street

Year Built
1914
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LISTING UPDATED: 01/06/2023 06:35 PM

Property Details for 3 Ricord Street

StatusUnder Contract
MLS #2306776R
Days on Market22
Taxes$8,510 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 3 Family
Year Built1914
Lot Size-
CountyEssex County
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Building Information for 3 Ricord Street

Stories3Residences-Year Built1914Building Size-Lot Size-

Payment Calculator

$3,069 per month

30 year fixed, 6.33% Interest

Principal and Interest

$2,360

Property Taxes

$709

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3 Ricord Street

Summary
    Location and General Information
  • State Or Province: NJ
    Parking
  • Carport Spaces: 0.0
  • Carport: Yes
  • Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached Carport, Garage, Detached, 1-2 Car Parking
    Owner
  • Ownership: Fee Simple
    Taxes and HOA Information
  • Tax Annual Amount: $8,510.00
  • Tax Year: 0
  • Other Fees: $.00
Property
    Lot Information
  • Building Area Total: 4043.0
  • Living Area: 4043.0
  • Living Area Units: Square Feet
  • Lot Features: See Remarks, Level
  • Lot Size Dimensions: 100.00 x 50.00
  • Lot Size Square Feet: 0.0
    Property and Assessments
  • Water Source: Public
  • Parcel Number: 1614040380000000210000
  • Photos Count: 24
    Utilities
  • Sewer: Public Sewer
  • Community Features: Sidewalks
  • Utilities: Electricity Connected, Natural Gas Connected
Interior and Exterior Features
    Interior Features
  • Cooling: None
  • Gas: Oil
  • Heating: Radiators-Steam
  • Heating: Yes
  • Interior Features: Unit 1(Dining Room,3 Bedrooms,Kitchen,Living Room), Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Postal Code: 07106
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Basement: Partially Finished, Utility Room
  • Bathrooms Total: 0
  • Appliances: Water Heater(Gas), Water Heater
  • # Heat Systems: 1
    Exterior Features
  • Service: Garbage Included In Tax
  • Fencing: Fencing/Wall
  • Roof: Asphalt
  • Stories: 3
  • Stories Total: 3
Rental
    Rental Information
  • Lease Term: Unit 1(Month-Month), Unit 2(Month-Month)

Property History for 3 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 3 Ricord Street

This home is within The Newark Public School District.
RatingSchoolTypeGradesDistance
Public - PK to 8
Public - 6 to 12
Public - PK to 8
Public - PK to 8
RatingSchoolDistance
Speedway Academies
PublicPK to 8

Newark Early College High School
Public6 to 12

Lincoln 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.

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 02/03/2023 04:39 AM © 2023 New Jersey Multiple Listing Service Inc. All rights reserved.