NOT LISTED FOR SALE

1027 Magnolia Ave Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $564,000 - $871,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold February 27, 2017

Last sale price $260,000

Est. 183% increase in value since last sale

Current estimated payment $5,399/month

58 Days on Market

About This Home

As of February 2017

This home is located at 1027 Magnolia Ave, Elizabeth, NJ 07201 since 25 October 2016 and is currently estimated at $734,835. This property was built in 2003. 1027 Magnolia Ave is a home located in Union County with nearby schools including Number 2, Winfield Scott Elementary School and Elizabeth High School.

Last Listed By

Tolonda Ross

PINNACLE REAL ESTATE Brokerage Phone: 201-659-8600 Listed on: 10/25/2016

PINNACLE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,432

Year Built

  • Built in 2003

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,432

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Year Built: 2003
  • County Name: Union
  • Street Number Display: 1027
  • I D: 4667311
  • Modified: 2018-02-28
  • Number Images: 1
  • Attribution Contact: 201-659-8600
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X112
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2016
Closed on
Feb 27, 2017
Sold by
Rush Marquita
Bought by
Silva Pedro M
Seller's Agent
Tolonda Ross
PINNACLE REAL ESTATE
Buyer's Agent
Tolonda Ross
PINNACLE REAL ESTATE
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%
Total Days on Market
58
Current Estimated Value
$734,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,835
Avg. Annual Appreciation
13.42%
Original Mortgage
$245,217
Outstanding Balance
$206,996
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$527,839

Purchase Details

Listed on
Apr 3, 2013
Closed on
Mar 28, 2013
Sold by
1027 Magnolia Llc
Bought by
Rush Marquita
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
Buyer's Agent
Christian Cobo
BHGRE ELITE
Sold Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.48%
Original Mortgage
$174,284
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2011
Sold by
Tasci Norman
Bought by
1027 Magnolia Llc

Purchase Details

Closed on
Nov 14, 2011
Sold by
Bovoline Valdeci
Bought by
Tasci Norman D

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Similar Home in the area

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silva Pedro M $260,000 Old Republic Title Ins Co
Rush Marquita $177,500 None Available
1027 Magnolia Llc -- --
Tasci Norman D $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Pedro M $245,217
Previous Owner Rush Marquita $174,284
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2017 02/27/17 Sold $260,000 -13.3% --
12/22/2016 12/22/16 Pending -- -- --
10/25/2016 10/25/16 For Sale $300,000 +76.5% --
04/03/2013 04/03/13 Sold $170,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,432 $583,400 $153,400 $430,000
2023 $15,432 $49,100 $9,800 $39,300
2022 $15,014 $49,100 $9,800 $39,300
2021 $14,704 $49,100 $9,800 $39,300
2020 $14,372 $49,100 $9,800 $39,300
2019 $14,153 $49,100 $9,800 $39,300
2018 $14,015 $49,100 $9,800 $39,300
2017 $13,624 $49,100 $9,800 $39,300
2016 $13,625 $49,100 $9,800 $39,300
2015 $12,815 $49,100 $9,800 $39,300
2014 $12,430 $49,100 $9,800 $39,300
Source: Public Records

Agents Affiliated with this Home

  • Tolonda Ross

    Seller's Agent in 2017

    Tolonda Ross

    PINNACLE REAL ESTATE

    (201) 920-5587

    2 Total Sales

    Tolonda Ross
    Section Image

  • R

    Seller's Agent in 2013

    RALPH BARONE

    NJ REO ASSET MANAGEMENT & REALTY

  • Christian Cobo

    Buyer's Agent in 2013

    Christian Cobo

    BHGRE ELITE

    (908) 884-5316

    11 in this area

    283 Total Sales

    Christian Cobo
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3345101

Garden State MLS

APN: 04-00008-0000-01244

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

1027 Magnolia Ave, Elizabeth, NJ

Homes for Sale in Elizabeth, NJ

This home is located at 1027 Magnolia Ave, Elizabeth, NJ 07201 since 25 October 2016 and is currently estimated at $734,835. This property was built in 2003. 1027 Magnolia Ave is a home located in Union County with nearby schools including Number 2, Winfield Scott Elementary School and Elizabeth High School.

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