305 Sanford Avenue

Newark, NJ 07106

$625,000
Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 305-307 Sanford Ave, a remarkable 3-family residence showcasing classic brick-faced architecture and elegant hardwood floors. Located in the vibrant city of Newark, New Jersey, this property offers an exceptional opportunity for investors or homeowners seeking a spacious and well-appointed living space within close proximity to transportation options, including a convenient 30-minute commute to New York Penn Station. Comprising three separate units, each with its own unique charm and functionality,...Welcome to 305-307 Sanford Ave, a remarkable 3-family residence showcasing classic brick-faced architecture and elegant hardwood floors. Located in the vibrant city of Newark, New Jersey, this property offers an exceptional opportunity for investors or homeowners seeking a spacious and well-appointed living space within close proximity to transportation options, including a convenient 30-minute commute to New York Penn Station. Comprising three separate units, each with its own unique charm and functionality, this property presents a versatile opportunity for multi-generational living or rental income. For investors, this property presents a lucrative opportunity for rental income in a high-demand rental market. Its proximity to transportation hubs and urban amenities adds to its appeal, promising strong rental yields and potential long-term appreciation. Property to be sold sold as is.
  1. Listed by LESLIE FARRELL • RE/MAX FIRST REALTY II

Property Details for 305 Sanford Avenue

Directions
GSP Exit 144 to South Orange Ave. Then right on Sanford Ave.
Days On Market
2
Section/Subdiv/Development
Upper Vailsburg

Location

Listing Courtesy of RE/MAX FIRST REALTY II, LESLIE FARRELL
Add your commute
LISTING UPDATED: 04/24/2024 03:25 PM

Property Details for 305 Sanford Avenue

StatusActive
MLS #3897568
Days on Market12
Taxes$6,434 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built-
Lot Size0.05 AC / 2,178 SF
CountyEssex County

Location

Listing Courtesy of RE/MAX FIRST REALTY II, LESLIE FARRELL
Add your commute

Building Information for 305 Sanford Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$3,947 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,411

Property Taxes

$536

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 305 Sanford Avenue

Summary
Location and General Information
  • Active Days on Market: 2
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 4197
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Red Brick
  • Town #: 1614.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Sanford Ave
  • Zip Code: 07106
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Code Tax: *
  • County Tax: *
  • Tax Amount: $6,434
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 172600.0
  • Tax ID For Property: 1614-04197-0000-00003-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Off-Street Parking
  • Garage Description: None
Property
Lot Information
  • Lot Identifier: 3
  • Approximate Lot Size: 29.8X73
  • Total Acres: 0.05
Property and Assessments
  • Assessment Bldg: 159600.0
  • Assessment Land: 13000.0
Utilities
  • Cooling: Ceiling Fan, Wall A/C Unit(s)
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units, Baseboard - Hotwater, Forced Hot Air, Radiant - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Open Porch(es), Partially Fenced, Patio
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Window Treatments, Wood Floors
  • Roof Description: Asphalt Shingle, Flat
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Smoke Detector, Stackable Washer/Dryer
  • 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, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 1750.0
  • Unit 1 Room Description: Bedrooms
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 2625.0
  • Unit 1 Sq Ft: 1200.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1600.0
  • Unit 2 Room Description: Bedrooms
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 2400.0
  • Unit 2 Sq Ft: 1200.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1000.0
  • Unit 3 Room Description: Attic
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 900.0
  • Unit 3 Sq Ft: 850.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $999.00
  • Net Operating Income: $999.00
  • Gross Operating Income: $999.00

Property History for 305 Sanford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 305 Sanford Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Lincoln Elementary School
PublicPK to 8

Newark Early College High School
Public6 to 12

Speedway Academies
PublicK to 8

Ivy Hill 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.

Similar Homes

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305 Sanford Avenue is a multi-family home for sale in Newark, NJ 07106. This property was listed for sale on April 22, 2024 by RE/MAX FIRST REALTY II, it's currently listed at $625,000. This listing's school district is The Newark Public School District. Nearby schools include Lincoln Elementary School, Newark Early College High School and Speedway Academies. 305 Sanford Avenue is a 5-bed, 3-bath, multi-family home.

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 RE/MAX FIRST REALTY II, LESLIE FARRELL

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 11:54 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.