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179 Walnut St, Montclair, NJ 07042
$2,295,000
179 Walnut St, Montclair, NJ 07042View this property at 179 Walnut St, Montclair, NJ 07042
179 Walnut StMontclairNJ07042
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Property Description
Potential, potential, potential are the 3 words to describe this property that has not been on the market for 30 plus years. This is an 11 unit building that rooming house designation. This property has rooming house designation so is not subject to rent control. There are many possibilities for this building. It can be made into specialized housing. The type of specialized housing is usual leased through a government agency This property has great location as we are close to Mid-town direct and close to downtown. It has been well cared for and is ready to go.
Full Property Details
Full Property Details for 179 Walnut St
General
- Price: $2,295,000
- Taxes: $16,923 (2022)
- Status: Active
- Type: Apartment
- MLS ID: 3823346
- Updated: 3/28/2024
- Added to Site: 478 day(s) ago
Business
- Includes: Building & Land
Interior
- Flooring: Carpeting, Laminate, Wood
Rooms
Bathrooms
- Total Bathrooms: 11
- Restrooms: 12
Additional Information
- Equipment: Appliances, Fire Alarm, Smoke Detector
Parking
- Garage Spaces: 11
- Total Spaces: 11
- Parking: 2 Car Width, Parking Lot-Shared
Location
- County: Essex
- Driving Directions: Walnut St just north of Park st.
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Cable TV Available
Structural Information
- Construction: Wood
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles
- Ceiling Height: 10
- Door Dimensions: 7
- Stories in Building: 3
- Square Feet: 4,600
- Aprox. Leasable: 4,600 Sq. Ft.
- Year Built: 1920
- Remodeled/Updated: 2021
Unit Information
- 1 Bedroom Units: 11
- Units w/Full Bath: 11
Lot Features
- Lot Size: 60X120 IRR
- Zoning: R-2
- Lot Description: Level Lot
Financial Considerations
- Price Per Sq. Ft.: $646
- Expenses: Electricity, Snow Removal, Water/Sewer
- Operating Expenses: $26,200
- Assessment Amount: $514,700
- Land Assmt: $221,500
- Tax Amount: $16,923
- Tax Year: 2022
- Pays Utilities: Landlord
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses
- APN: 1613-02307-0000-00002-0000-
- Block: 2307
- Lot Number: 2
Listed by Village Square Realtors
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Schools
Schools serving 179 Walnut St
School District:Montclair Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
54 Orange Rd, Montclair, NJ 07042 | 3-5 | 0.5 mi | |
55 Washington St, Montclair, NJ 07042 | K-5 | 0.7 mi | |
20 Edgemont Rd, Montclair, NJ 07042 | K-5 | 0.8 mi | |
100 Chestnut St, Montclair, NJ 07042 | 9-12 | 0.3 mi | |
14 Garden St, Montclair, NJ 07042 | K-5 | 0.8 mi | |
Nishuane School
32 Cedar Ave, Montclair, NJ 07042 | PK-2 | 1.4 mi | |
603 Grove St, Montclair, NJ 07043 | K-5 | 2.2 mi | |
87 Mount Hebron Rd, Montclair, NJ 07043 | PK-5 | 2.5 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 179 Walnut St
Date
Details
Price
Change
Source
3/28/2024
Price Reduced
$2,295,000
-11.56%
MLS
1/02/2024
Price Reduced
$2,595,000
-12.77%
MLS
1/05/2023
Listed
$2,975,000
—
MLS
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 179 Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$16,923
2%
$514,700
—
2021
$16,630
2%
$514,700
—
2020
$16,362
1%
$514,700
—
2019
$16,192
2%
$514,700
—
2018
$15,925
—
$514,700
21%
2017
$15,870
3%
$425,000
—
2016
$15,444
3%
$425,000
—
2015
$14,986
3%
$425,000
—
2014
$14,484
—
$425,000
—
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 179 Walnut St
179 Walnut St, Montclair, NJ 07042 (MLS# 3823346) is a Apartment property. 179 Walnut St is currently listed for $2,295,000 and was received on January 05, 2023. Want to learn more about 179 Walnut St? Do you have questions about finding other Apartment real estate for sale in Montclair? You can browse all Montclair real estate or contact a Coldwell Banker agent to request more information.