5 Edgar St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Back on the market due to Buyer non performance. Chance to own an income property in the heart of Summit. 4-Units: 3BR/1BA, 3BR/1BA, Studio/1BA, 1BR/1BA. Rents are under market. 3 leases through 7/31/22 and the studio 2/23. Tremendous potential. Great location, only a few of blocks from the town and train. Laundry in the basement. Sold "as is".Back on the market due to Buyer non performance. Chance to own an income property in the heart of Summit. 4-Units: 3BR/1BA, 3BR/1BA, Studio/1BA, 1BR/1BA. Rents are under market. 3 leases through 7/31/22 and the studio 2/23. Tremendous potential. Great location, only a few of blocks from the town and train. Laundry in the basement. Sold "as is".

Listing Agent

  1. Natalya Price

    Natalya Price

    Listing Agent

    Compass

    natalya.price@compass.com

    P: (973)-255-7534

Property Details for 5 Edgar Street

Directions
Morris Ave to Edgar, 2nd building on the right.
Days On Market
57
LISTING UPDATED: 08/27/2023 03:03 AM

Property Details for 5 Edgar Street

StatusSold
MLS #3765642
Days on Market57
Taxes$13,922 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1928
Lot Size0.00 AC / 0 SF
CountyUnion County
Add your commute

Building Information for 5 Edgar Street

Stories-Residences4Year Built1928Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$5,961 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,801

Property Taxes

$1,160

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 Edgar Street

Summary
Location and General Information
  • Zoning: MF
  • Middle/Jr High School: Summit MS
  • Grade School: Washington
  • High School: Summit HS
  • Active Days on Market: 44
  • County #: Union
  • Town Name: Summit City
  • Block Identifier: 1302
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Beige
  • Town #: 2918.0
  • Street # Display: 5.0
  • # Parking Spaces: 4
  • County Or Parish: Union
  • Street Name: Edgar St
  • Zip Code: 07901-4705
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $13,922
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 322500.0
  • Tax ID For Property: 2918-01302-0000-00047-0000-
  • 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: 1 Car Width, Blacktop
  • # Garage Spaces: 1
  • Garage Description: Detached Garage, Oversize Garage
Property
Lot Information
  • Lot Identifier: 47
  • Approximate Lot Size: .092AC
  • Total Acres: 0.0
  • Construction Date/Year Built: 1928
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 200100.0
  • Assessment Land: 122400.0
Utilities
  • Cooling: Ceiling Fan, Window A/C(s)
  • Services: Cable TV Available, Fiber Optic Available, Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 1 Unit, Radiant - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Open Porch(es)
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CeilFan, CookGas, Dishwshr, KitExhFn, Microwav, Refrig, SmokeDet
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 1.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 07-31-2022
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 2250.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Living Room, Utility Room
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 1900.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: CarbMDet, Dishwshr, KitExhFn, RgOvGas, Refrig, SmokeDet, OvnWGas
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 1.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 07-31-2022
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 2000.0
  • Unit 2 Room Description: Kitchen, See Remarks
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 2850.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, 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 Lease Expiration: 07-31-2022
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 3 Rent: 1150.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 3 Rooms: 2.0
  • Unit 3 Security Deposit: 1500.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 1
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Lease Expiration: 07-31-2022
  • Unit 4 Levels: 3.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water
  • Unit 4 Rent: 1550.0
  • Unit 4 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 2325.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $29,114.00
  • Expenses Include: Garbage Collection, Gas, Insurance, Taxes
  • Net Operating Income: $54,286.00
  • Gross Operating Income: $83,400.00

Property History for 5 Edgar Street

DateEvent & SourcePriceAppreciation
Aug 26, 2022

Sold

GSMLS #3765642

$985,000
Jun 20, 2022

Sold (Public Record)

Public Record #1498170262

$985,000

+6.0% / yr

Feb 24, 2022

Listed (Active)

GSMLS #3765642

$999,000
Apr 29, 2015

Sold

GSMLS #3195421

$650,000
Apr 28, 2015

Sold (Public Record)

Public Record #548768366

$650,000

+7.7% / yr

Jan 30, 2015

Listed (Active)

GSMLS #3195421

$647,500
Sep 10, 2001

Sold (Public Record)

Public Record #80367056

$237,500
DateEvent & SourcePrice
08/26/2022

Sold

GSMLS #3765642

$985,000
06/20/2022

Sold (Public Record)

Public Record #1498170262

$985,000

+6.0% / yr

02/24/2022

Listed (Active)

GSMLS #3765642

$999,000
04/29/2015

Sold

GSMLS #3195421

$650,000
04/28/2015

Sold (Public Record)

Public Record #548768366

$650,000

+7.7% / yr

01/30/2015

Listed (Active)

GSMLS #3195421

$647,500
09/10/2001

Sold (Public Record)

Public Record #80367056

$237,500

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

Public Records for 5 Edgar Street

Taxable ValueLand$122,400Additions$200,100Total$322,500
Tax Record2024$14,048 ($1,171 / month)
Home Facts
Beds0Total Finished SqFt3,581 SqFtAbove Grade Finished SqFt3,581 SqFtStories3Lot Size4,008 SqFtStyleSingle Family ResidenceYear Built1928ZoningMFCountyUNIONAPN18 01302-0000-00047

Schools near 5 Edgar Street

This home is within Summit Public School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Lincoln Hubbard Elementary School
Public1 to 5

L C Johnson Summit Middle School
Public6 to 8

Summit Sr High School
Public9 to 12

Washington Elementary School
Public1 to 5

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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