58 Finlay Place

Newark, NJ 07106

$610,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Newly renovated two-family home with five bedrooms, three bathrooms off street parking and garage. This is a prime location and is seconds away from South Orange, Seton Hall University, Meadowland Park in South Orange, and the VA hospital. This property offers versatility, ample living space, and generous rental income potential gross income of approximately $6000 -6500 per +/- month. Each unit's living room provides a comfortable area for relaxation and entertainment. With recessed lighting and...Newly renovated two-family home with five bedrooms, three bathrooms off street parking and garage. This is a prime location and is seconds away from South Orange, Seton Hall University, Meadowland Park in South Orange, and the VA hospital. This property offers versatility, ample living space, and generous rental income potential gross income of approximately $6000 -6500 per +/- month. Each unit's living room provides a comfortable area for relaxation and entertainment. With recessed lighting and large windows, natural light fills the rooms, creating a bright and airy atmosphere. Both units feature well-appointed kitchens equipped with modern appliances, ample cabinet storage, and generous countertop space to meet all your needs. Each unit offers three bedrooms and one bathroom, ensuring privacy and comfort for all occupants. The bedrooms are spacious and can accommodate various furniture arrangements to suit your preferences. The bathrooms showcase stylish designs with sleek black matte finishes. Additionally the basement will be finished with two additional rooms to provide additional recreational space and laundry hookups for both units. Step into the backyard, a private oasis where you can enjoy the fresh air and create beautiful memories. The home is currently being staged and new pictures will be uploaded shortly. Close to all modes and transportation and easy commute to New York. The LA has an interest in the home & the owners hold an NJ real estate license.
  1. Listed by DARRELL BAILEY • RE/MAX FIRST REALTY II

Property Details for 58 Finlay Place

Directions
Tremont Ave to S Center to Finlay Pl
Days On Market
25
Add your commute
LISTING UPDATED: 07/31/2023 02:36 PM

Property Details for 58 Finlay Place

StatusSold
MLS #3845614
Days on Market25
Taxes$5,317 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1955
Lot Size0.12 AC / 5,227 SF
CountyEssex County
Add your commute

Building Information for 58 Finlay Place

Stories-Residences2Year Built1955Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$3,772 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,329

Property Taxes

$443

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 58 Finlay Place

Summary
Location and General Information
  • Zoning: R2
  • Active Days on Market: 25
  • Renovated Year: 2023
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 4189
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Brown
  • Town #: 1614.0
  • # Parking Spaces: 1
  • County Or Parish: Essex
  • Street Name: Finlay
  • Zip Code: 07106-1028
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $5,317
  • Street name Tax: *
  • Zip Code Tax: *
  • City Tax: *
  • Assessment Total: 142400.0
  • Tax ID For Property: 1614-04189-0000-00006-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Driveway-Exclusive
  • # Garage Spaces: 1
  • Garage Description: Attached Garage
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 6
  • Approximate Lot Size: 50X100
  • Total Acres: 0.12
  • Construction Date/Year Built: 1955
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 116800.0
  • Assessment Land: 25600.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 1 Unit
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick
  • Exterior Features: Metal Fence, Open Porch(es)
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 2.0
  • 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 Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch, Storage
  • 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, Kitchen Exhaust Fan, Range/Oven - Gas, 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: 0.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $99,999.00
  • Net Operating Income: $9,999.00
  • Gross Operating Income: $99,999.00
Rental
Rental Information
  • Home Warranty: false

Property History for 58 Finlay Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 58 Finlay Place

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 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

Louise A. Spencer Elementary School
PublicPK to 8

Belmont-Runyon 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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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 RE/MAX FIRST REALTY II, DARRELL BAILEY

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 04/24/2024 12:28 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.