NOT LISTED FOR SALE

1083 Magnolia Ave Unit 1085 Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $528,915 - $817,000

-- Bed
-- Bath
-- Sq Ft
48 Sq Ft Lot

Last Sold July 18, 2023

Last sale price $640,000

Est. 14% increase in value since last sale

Current estimated payment $4,768/month

16 Days on Market

About This Home

As of July 2023

This home is located at 1083 Magnolia Ave Unit 1085, Elizabeth, NJ 07201 since 24 March 2023 and is currently estimated at $728,729. This property was built in 1900. 1083 Magnolia Ave Unit 1085 is a home located in Union County with nearby schools including Number 2, Winfield Scott Elementary School and Elizabeth High School.

Last Listed By

Janice Good-Piga

COLDWELL BANKER REALTY Brokerage Phone: 908-233-5555 Listed on: 03/24/2023

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,266

Year Built

  • Built in 1900

Lot Details

  • 48 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,266

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Union
  • Street Number Display: 1083
  • I D: 5210975
  • Modified: 2024-07-19
  • Number Images: 1
  • Attribution Contact: 908-233-5555
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 48.15X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2023
Closed on
Jun 30, 2023
Sold by
Ali Azar and Ali Susannah S
Bought by
Melgar Yaleny W Melgar
Seller's Agent
Janice Good-Piga
COLDWELL BANKER REALTY
Buyer's Agent
AMRITDEEP DASU
THE ARENDEL GROUP LLC
List Price
$620,000
Sold Price
$640,000
Premium/Discount to List
$20,000
3.23%
Total Days on Market
16
Views
202
Current Estimated Value
$728,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,729
Avg. Annual Appreciation
7.90%
Original Mortgage
$628,408
Interest Rate
6.81%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 2010
Sold by
Sunshine Homes Inc
Bought by
Ali Azar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Sunshine Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,655
Interest Rate
5.02%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 24, 2005
Sold by
Estien Gilberto H
Bought by
Martinez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,800
Interest Rate
7.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 30, 2004
Sold by
Mcdowell Billy
Bought by
Shemesh Eran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
5.56%

Purchase Details

Closed on
Mar 22, 2004
Sold by
Shemesh Eran
Bought by
Estien Gilberto and Estien Fatima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
5.56%

Range of Values:

Collateral Analytics

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ICE

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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
Melgar Yaleny W Melgar $640,000 Surety Title
Ali Azar $280,000 Fidelity Natl Title Ins Co
Sunshine Homes Inc $70,000 Fidelity National Title Insu
Martinez Eduardo $416,000 --
Shemesh Eran $140,000 --
Estien Gilberto $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melgar Yaleny W Melgar $628,408
Previous Owner Ali Azar $274,928
Previous Owner Ali Azar $274,928
Previous Owner Ali Azar $9,800
Previous Owner Sunshine Homes Inc $128,655
Previous Owner Martinez Eduardo $332,800
Previous Owner Estien Gilberto $256,500
Previous Owner Mcdowell Billy W $66,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $640,000 +3.2% --
04/11/2023 04/11/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $620,000 -- --
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 $8,266 $469,500 $182,000 $287,500
2023 $8,266 $26,300 $14,400 $11,900
2022 $8,042 $26,300 $14,400 $11,900
2021 $7,876 $26,300 $14,400 $11,900
2020 $7,698 $26,300 $14,400 $11,900
2019 $7,581 $26,300 $14,400 $11,900
2018 $7,507 $26,300 $14,400 $11,900
2017 $7,297 $26,300 $14,400 $11,900
2016 $7,298 $26,300 $14,400 $11,900
2015 $6,864 $26,300 $14,400 $11,900
2014 -- $26,300 $14,400 $11,900
Source: Public Records

Agents Affiliated with this Home

  • Janice Good-Piga

    Seller's Agent in 2023

    Janice Good-Piga

    COLDWELL BANKER REALTY

    (908) 233-0065

    2 in this area

    62 Total Sales

    Janice Good-Piga
    Section Image

  • A

    Buyer's Agent in 2023

    AMRITDEEP DASU

    THE ARENDEL GROUP LLC

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Map

Source: Garden State MLS

MLS Number: 3834922

Garden State MLS

APN: 04-00012-0000-00905

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

1083 Magnolia Ave Unit 1085, Elizabeth, NJ

Homes for Sale in Elizabeth, NJ

This home is located at 1083 Magnolia Ave Unit 1085, Elizabeth, NJ 07201 since 24 March 2023 and is currently estimated at $728,729. This property was built in 1900. 1083 Magnolia Ave Unit 1085 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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