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131 Fairmount Avenue, Newark, NJ 07103
$525,000
131 Fairmount Avenue, Newark, NJ 07103View this property at 131 Fairmount Avenue, Newark, NJ 07103
131 Fairmount AvenueNewarkNJ07103
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Property Description
Don't miss out on this large 3 family home with serious investment potential! All 3 apartments are 2 bedroom 1 bath units that offer ample and versatile living spaces including an eat-in kitchen, dining / living room (can be converted to 3rd bedroom), pantry, and porch. Separate utilities, owners only pays water and common area lights. Once renovated, this property could yield substantial rental income! This is a unique opportunity for investors to capitalize on a high-demand area. Property is being sold in strictly as-is condition. Buyer is responsible for c/o and fire certificates. Cash offers preferred.
Full Property Details
Full Property Details for 131 Fairmount Ave
General
- Price: $525,000
- Taxes: $7,009 (2021)
- Status: Under Contract
- Type: Triplex
- MLS ID: 2407550R
- Updated: 3/4/2024
- Added to Site: 127 day(s) ago
Rental Information
- Lease/Rent Term: Unit 1(Month-Month), Unit 2(Month-Month)
Interior
- Interior Features: Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 3(2 Bedrooms, 1 Bath, Den/Family Room)
- Appliances: Water Heater(Gas), Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
- Flooring: Unit 1 Carpet, Unit 2 Carpet, Unit 3 Carpet
Rooms
Other Rooms
- Living Room: 3,438 Sq. Ft.
Parking
- Parking Features: On Street
- Parking: On Street
Location
- County: Essex
Heating & Cooling
- Cooling Type: None
- Heating Type: Steam Radiators
Utilities
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Basement Desc.: Full, Utility Room
- Roof: Asphalt
- Stories/Levels: 3
- Square Feet: 3,438
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
- Lot Dimensions: 100.00 x 25.00
- Lot Features: See Remarks
- Lot Description: See Remarks
Financial Considerations
- Tax Amount: $7,009
- Tax Year: 2021
- Terms: Unit 1(Month-Month), Unit 2(Month-Month)
Disclosures and Reports
- Property ID: 1400258000000029
Listed by Re/Max Select
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Schools
Schools serving 131 Fairmount Ave
School District:Newark Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
Michelle Obama School
186 14th Ave, Newark, NJ 07103 | PK-3 | 0.4 mi | |
Sir Isaac Newton Elementary
150 Newton St, Newark, NJ 07013 | PK-3 | 0.4 mi | |
281 Camden St, Newark, NJ 07103 | PK-8 | 0.5 mi | |
Newark School Of Global Studies
24 Crane St, Newark, NJ 07104 | 9-11 | 1.3 mi | |
Newark School Of Data Science & Information Technology
746 Sanford Ave, Newark, NJ 07106 | 9-10 | 2.3 mi | |
Newark School Of Fashion & Design
239 Woodside Ave, Newark, NJ 07104 | 9-10 | 2.6 mi | |
307 Sussex Ave, Newark, NJ 07107 | PK-8 | 0.6 mi | |
504 S 10th St, Newark, NJ 07103 | PK-8 | 0.7 mi | |
388 Bergen St, Newark, NJ 07103 | PK-8 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 Fairmount Ave
Date
Details
Price
Change
Source
1/26/2024
Listed
$525,000
73.84%
MLS
8/24/2006
Sold
$302,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 131 Fairmount Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,012
—
$187,700
—
2021
$7,009
33%
$187,700
—
2021
$5,284
-24%
$187,700
—
2018
$6,932
4%
$187,700
—
2017
$6,682
3%
$187,700
—
2016
$6,457
-9%
$187,700
—
2019
$7,059
14%
$187,700
—
2015
$6,211
12%
$187,700
—
2013
$5,543
—
$187,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 131 Fairmount Ave
131 Fairmount Avenue, Newark, NJ 07103 (MLS# 2407550R) is a Triplex property with 0 bedrooms and 0 full bathrooms. 131 Fairmount Avenue is currently listed for $525,000 and was received on January 26, 2024. Want to learn more about 131 Fairmount Avenue? Do you have questions about finding other Triplex real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.