163 Park Street

Montclair, NJ 07042

$1,600,000
Price
10
Beds
5
Baths
4,945 Sq. Ft.
$324 / Sq. Ft.
4,945
Sq. Ft.
$324
per Sq. Ft.

Description

Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops,...Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented. Bring your architects and/or your contractors!
  1. Listed by SUSAN LOVIT • COMPASS NEW JERSEY LLC
  2. Listed by DANA FARBER SCHWERN • COMPASS NEW JERSEY LLC

Property Details for 163 Park Street

Style
See Remarks, Colonial
Directions
Between Chestnut and Watchung Ave
Days On Market
110
Pets Allowed
Yes
Primary Style
See Remarks
LISTING UPDATED: 09/08/2024 12:33 PM

Property Details for 163 Park Street

StatusActive
MLS #3921108
Days on Market114
Taxes$29,520 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1887
Lot Size0.80 AC / 34,848 SF
CountyEssex County

Building Information for 163 Park Street

Stories-Year Built1887Building Size-Lot Size0.80 AC / 34,848 SF

Property Information for 163 Park Street

Summary
Location and General Information
  • Zoning: R1
  • Middle/Jr High School: MAGNET
  • Grade School: MAGNET
  • High School: MONTCLAIR
  • Active Days on Market: 110
  • County #: Essex
  • Town Name: Montclair Twp.
  • Community Living: No
  • Block Identifier: 2408
  • Listing Type: Exclusive Right to Sell
  • Town #: 1613.0
  • Street # Display: 163.0
  • County Or Parish: Essex
  • Street Name: Park St
  • Zip Code: 07042-3918
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: $29,520
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 873400.0
  • Tax ID For Property: 1613-02408-0000-00022-0000-
  • Tax Id Tax: *
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Blacktop, Driveway-Exclusive, Off-Street Parking, See Remarks
  • # Garage Spaces: 4
  • Garage Description: Detached Garage, See Remarks
Property
Lot Information
  • Appliances: CarbMDet, CookElec, Dishwshr, Dryer, RgOvGas, Refrig, SeeRem, OvnWElec, Washer
  • Approx Sq Ft: 4945.0
  • Lot Description: Level Lot
  • Lot Identifier: 22
  • Approximate Lot Size: 34950SF
  • Total Acres: 0.8
  • Construction Date/Year Built: 1887
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 523400.0
  • Assessment Land: 350000.0
Utilities
  • Cooling: No Cool
  • Services: Cable TV Available, Garbage Included
  • Utilities: Electric, Gas-Natural, See Remarks
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 1 Unit
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer, Sewer Charge Extra
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Open Porch(es)
Interior Features
  • Interior Features: CODetect, FireExtg, SmokeDet, TubShowr
  • Flooring: Carpeting, Laminate, Tile, Vinyl-Linoleum, Wood
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished, Walkout
  • # Baths: 5.0
  • # Full Baths: 5
  • # Half Baths: 0
  • # Bedrooms: 10
  • Easement: Unknown
  • Fireplace Desc: Non-Functional
  • # Fireplaces: 4
  • Kitchen Area: See Remarks
  • Level 1 Rooms: 4+Bedrms,BathMain,BathOthr,Kitchen,LivingRm,SeeRem
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Den, Kitchen, Living Room
  • Level 3 Rooms: 3Bedroom,BathMain,Kitchen,OutEntrn
  • # Rooms: 20

Property History for 163 Park Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 163 Park Street

Taxable ValueLand$350,000Additions$523,400Total$873,400
Tax Record2023$29,521 ($2,460 / month)
Home Facts
Total Finished SqFt4,945 SqFtAbove Grade Finished SqFt4,945 SqFtStories3Lot Size34,948 SqFtStyleMulti-Family Res (5+ Units)Year Built1887ZoningR1CountyESSEXAPN13 02408-0000-00022

Schools near 163 Park Street

This home is within Montclair Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Watchung Elementary School
PublicK to 5

Renaissance Middle School
Public6 to 8

Montclair High School
Public9 to 12

Edgemont Elementary School
PublicK 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.

Similar Homes

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Similar Sold Homes

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163 Park Street is a single family home for sale in Montclair, NJ 07042. This property was listed for sale on August 29, 2024 by COMPASS NEW JERSEY LLC, it's currently listed at $1,600,000. This listing's school district is Montclair Public School District. Nearby schools include Watchung Elementary School, Renaissance Middle School and Montclair High School. 163 Park Street is a 10-bed, 5-bath, 4,945 sqft single family home built in 1887.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS NEW JERSEY LLC, SUSAN LOVIT; COMPASS NEW JERSEY LLC, DANA FARBER SCHWERN

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/21/2024 09:50 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. 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: 12/21/2024 09:50 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.