$660,000
SOLD AUG 8, 2022

109 Palm St Newark, NJ 07106

Upper Vailsburg Neighborhood
7 Beds
5 Baths
-- Sq Ft
2,500 Sq Ft Lot

Recently Sold

1% Below List Price

15 Days on Market

About This Home

As of August 2022

7 Bedrooms 5 Bathrooms 2 car garage 4-Year-old multi family home with 10-year construction warranty. Unit 2 has 3 bedrooms 2 bathrooms washer /dryer in unit. 2 walk-in closets in master bedroom, stainless steel appliances, French door refrigerator, granite counter tops, bar top kitchen, nest thermostat, central air, hardwood floors and balcony. Unit 2 all utilities included. Second level has 3 bedrooms 2 bathrooms, large walk-in closet in master bedroom, additional storage, stainless steel appliances, French door refrigerator, granite counter tops, bar top kitchen, hardwood floors, Nest thermostat, central air, balcony. Ground level has 1 bedroom, living room, breakfast room, kitchenette, utility room, SS appliances, nest thermostat, central air, window and side entrance iron bars, washer/dryer in garage, 2 car garage. Gated entrance to side and back of house. Back yard and side fenced in. Asphalt back yard, perfect for BBQs and entertaining.

Last Agent to Sell the Property

Dwayne Durham

RE/MAX Lifetime Realtors Listed on: 05/09/2022

RE/MAX Lifetime Realtors

Last Buyer's Agent

Anthony Torres

RE/MAX SELECT - Montclair

RE/MAX SELECT - Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $560

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00020 / 04198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$560

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 908-688-2828
  • MLS Status: Sold - Sold
  • Directions: South Orange Ave to Sanford to Palm St
  • Architectural Style: 2 Family
  • Year Built Details: 2000's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 7

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 560.0
  • Tax Block: 04198
  • Tax Lot: 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Aug 4, 2022
Sold by
Kendall Nichola A
Bought by
Pina Cris M Arias
Seller's Agent
Dwayne Durham
RE/MAX Lifetime Realtors
Buyer's Agent
Anthony Torres
RE/MAX SELECT - Montclair
List Price
$669,900
Sold Price
$660,000
Premium/Discount to List
-$9,900
-1.48%
Current Estimated Value
$785,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,731
Avg. Annual Appreciation
6.03%
Original Mortgage
$648,045
Outstanding Balance
$620,237
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$165,494

Purchase Details

Listed on
Mar 29, 2016
Closed on
Jun 20, 2017
Sold by
Dias Developers Llc
Bought by
Oak Builders Inc
Seller's Agent
ELIZABETH DIAS
BHHS FOX & ROACH
Buyer's Agent
Mario Espada
RE/MAX SELECT
List Price
$49,000
Sold Price
$29,000
Premium/Discount to List
-$20,000
-40.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.59%

Purchase Details

Closed on
Jun 22, 2006
Sold by
Sunshine Builders Inc
Bought by
Dias Developers Llc

Purchase Details

Closed on
Aug 4, 2005
Sold by
Ofir Development Llc
Bought by
Sunshine Builders Inc

Purchase Details

Closed on
Sep 28, 2004
Sold by
Ofir Development
Bought by
Millenium Homes Llc

Purchase Details

Closed on
Jul 21, 2004
Sold by
Downey Simone
Bought by
Ofir Development
Source: Public Records

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Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $660,000 Foundation Title
Deed $29,000 Fidelity National Title Insu
Deed $135,000 --
Deed $120,000 --
Deed $40,000 --
Deed $140,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $648,045 FHA
Previous Owner $403,750 New Conventional
Previous Owner $397,310 FHA
Previous Owner $396,682 FHA
Previous Owner $250,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $2,812 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2022 08/08/22 Sold $660,000 -1.5% --
05/24/2022 05/24/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $669,900 +65.8% --
06/29/2018 06/29/18 Sold $404,000 -1.4% --
02/06/2018 02/06/18 Pending -- -- --
09/27/2017 09/27/17 For Sale $409,900 +1313.4% --
08/07/2017 08/07/17 Sold $29,000 -40.8% --
04/14/2017 04/14/17 Pending -- -- --
03/29/2016 03/29/16 For Sale $49,000 -- --
Source: New Jersey 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
2025 -- $248,900 $16,300 $232,600
2024 -- $248,900 $16,300 $232,600
2022 -- $248,900 $16,300 $232,600
2021 $0 $248,900 $16,300 $232,600
2020 $0 $248,900 $16,300 $232,600
2019 $2,588 $248,900 $16,300 $232,600
2018 $577 $16,300 $16,300 $0
2017 $580 $16,300 $16,300 $0
2016 $561 $16,300 $16,300 $0
2015 $539 $16,300 $16,300 $0
2014 $505 $16,300 $16,300 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Dwayne Durham

    RE/MAX

    Section Image
  • Anthony Torres

    Buyer's Agent in 2022

    Anthony Torres

    RE/MAX

    (973) 438-8421

    2 in this area

    37 Total Sales

    Section Image
  • Mario Espada

    Seller's Agent in 2018

    Mario Espada

    RE/MAX SELECT

    (973) 715-9501

    2 in this area

    55 Total Sales

    Section Image

  • E

    Seller's Agent in 2017

    ELIZABETH DIAS

    BHHS FOX & ROACH

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22016535

New Jersey MLS

APN: 14-04198-0000-00020

New Jersey Essex County Newark 07106 Upper Vailsburg

109 Palm St, Newark, NJ

This home is located at 109 Palm St, Newark, NJ 07106 and is currently priced at $660,000. 109 Palm St is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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