Seller's Agent in 2024
Arthur Carr
Keller Williams Realty - Washington Township
(609) 254-4710
1 in this area
134 Total Sales
115 Isabella Ave Newark, NJ 07106
Lower Vailsburg NeighborhoodEstimated Value: $530,000 - $561,501
--
Bed
--
Bath
2,616
Sq Ft
$208/Sq Ft
Est. Value
About This Home
As of July 2024BACK TO ACTIVE! BUYER FINANCING FELL THROUGH! THEIR LOSS, YOUR GAIN!
Charming Multi-Family Home in Prime Newark Location
Welcome to 115 Isabel Avenue, a newly renovated multi-unit property nestled in the heart of Newark, New Jersey. This exceptional property offers a unique blend of modern living and investment opportunity, perfect for both homeowners and savvy investors.
Key Features:
Newly Renovated: Each unit in this property has been thoughtfully updated with contemporary finishes and fixtures, ensuring a turn-key experience for the next owner. From the gleaming hardwood floors to the modern kitchens and bathrooms, every detail has been attended to with care and quality.
Two Spacious Units: The property features two generously sized units, each offering ample living space, natural light, and comfort. The first unit provides a traditional layout, perfect for those seeking a blend of style and functionality.
Exclusive In-Law Suite: The second-floor unit boasts an additional in-law suite, presenting a versatile space for extended family, guests, or potential rental income. This bonus suite includes entrance, kitchenette, and bathroom, offering privacy and convenience.
Location Advantage: Situated in a desirable Newark neighborhood, 115 Isabel Avenue enjoys proximity to local amenities, schools, parks, and transportation links. This prime location enhances the property's appeal, providing both a peaceful residential setting and easy access to urban conveniences.
Investment Potential: With two units plus an in-law suite, this property offers multiple rental income streams or the flexibility to live in one unit while renting the others. Its prime location and modern updates make it an attractive option for renters, ensuring a valuable addition to any investment portfolio.
Don't miss the opportunity to own this beautifully renovated, multi-unit property in Newark, New Jersey. Whether you're looking for a comfortable home with additional rental income or a solid investment in a thriving area, 115 Isabel Avenue is ready to exceed your expectations.
Schedule your visit today and discover the potential of this exceptional property!
Last Agent to Sell the Property
(609) 254-4710 arthurcarr@kw.com Keller Williams Realty - Washington Township License #2184535 Listed on: 02/22/2024
Last Buyer's Agent
datacorrect@brightmls.com Non Subscribing Office License #0225194075
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,668
Year Built
- Built in 1915 | Remodeled in 2023
Lot Details
- 2,709
Parking
- On-Street Parking
Home Design
- 2,616 Sq Ft Home
- Duplex
- Traditional Architecture
- Brick Foundation
Additional Features
- More Than Two Accessible Exits
- 2,709 Sq Ft Lot
Community Details
- 2 Units
- 3-Story Building
Listing and Financial Details
- Assessor Parcel Number 14-04036-0000-00016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2024
Closed on
Jun 24, 2024
Sold by
Brick City Restoration Llc
Bought by
Walker Jahvar Ronell
Seller's Agent
Arthur Carr
Keller Williams Realty - Washington Township
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$489,000
Sold Price
$515,000
Premium/Discount to List
$26,000
5.32%
Views
176
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,375
Avg. Annual Appreciation
4.13%
Original Mortgage
$561,688
Outstanding Balance
$554,534
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
-$10,159
Purchase Details
Closed on
Apr 6, 2017
Sold by
Rei Venture Group Llc
Bought by
Brick City Restoration Llc
Purchase Details
Closed on
Mar 3, 2017
Sold by
Wilson Gary
Bought by
Rei Venture Group Llc
Purchase Details
Closed on
Mar 2, 2017
Sold by
Ng Chun Wah
Bought by
Rei Venture Group Llc
Purchase Details
Closed on
Jul 18, 2008
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 3, 2008
Sold by
Mehmedovic Izmir
Bought by
Wilsons Property Management Llc
Purchase Details
Closed on
Dec 4, 2007
Sold by
Cammissa Mark A and Forman Charles M
Bought by
Mehmedovic Izmir
Purchase Details
Closed on
Apr 18, 2005
Sold by
Nj Affordable Homes Corp
Bought by
Cammissa Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.05%
Purchase Details
Closed on
Jan 25, 2005
Sold by
Bacon Norman
Bought by
Nj Affordable Homes Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
17%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Mar 4, 2002
Sold by
Primiani Bryan
Bought by
Whitfield Elliot
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,653
Interest Rate
6.84%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 30, 1998
Sold by
Intrust Investment Realty Llc
Bought by
Bacon Norman
Purchase Details
Closed on
Apr 7, 1998
Sold by
Andrew M Cuomo Sec Of Housing
Bought by
Intrust Investment Realty Llc
Purchase Details
Closed on
Aug 22, 1996
Sold by
Fontoura Armando
Bought by
Federal National Mortgage Association
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Walker Jahvar Ronell | $515,000 | None Listed On Document | |
| Brick City Restoration Llc | $48,000 | None Available | |
| Rei Venture Group Llc | -- | Old Republic National | |
| Rei Venture Group Llc | -- | Old Republic National | |
| Rei Venture Group Llc | $40,000 | Old Republic National Title | |
| -- | $100 | -- | |
| Ng Chun Wah | -- | None Available | |
| Ng Chun Wah | $330,000 | None Available | |
| Wilsons Property Management Llc | $120,000 | Riverside Title Agency Inc | |
| Mehmedovic Izmir | $94,600 | Riverside Title Agency Inc | |
| Cammissa Mark | $360,000 | -- | |
| Nj Affordable Homes Corp | $86,000 | -- | |
| Whitfield Elliot | $119,500 | -- | |
| Bacon Norman | $84,700 | -- | |
| Intrust Investment Realty Llc | $38,909 | -- | |
| Federal National Mortgage Association | $36,701 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Walker Jahvar Ronell | $561,688 | |
| Previous Owner | Ng Chun Wah | $242,250 | |
| Previous Owner | Cammissa Mark | $288,000 | |
| Previous Owner | Nj Affordable Homes Corp | $35,000 | |
| Previous Owner | Nj Affordable Homes Corp | $250,000 | |
| Previous Owner | Whitfield Elliot | $117,653 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2024 07/09/24 | Sold | $515,000 | +5.3% | $197 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 02/22/2024 02/22/24 | For Sale | $489,000 | -- | $187 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,655 | $151,700 | $16,500 | $135,200 |
| 2024 | $5,655 | $151,700 | $16,500 | $135,200 |
| 2023 | $5,668 | $151,700 | $16,500 | $135,200 |
| 2022 | $5,668 | $151,700 | $16,500 | $135,200 |
| 2021 | $5,664 | $151,700 | $16,500 | $135,200 |
| 2020 | $5,765 | $151,700 | $16,500 | $135,200 |
| 2019 | $5,705 | $151,700 | $16,500 | $135,200 |
| 2018 | $5,602 | $151,700 | $16,500 | $135,200 |
| 2017 | $5,401 | $151,700 | $16,500 | $135,200 |
| 2016 | $5,218 | $151,700 | $16,500 | $135,200 |
| 2015 | $5,020 | $151,700 | $16,500 | $135,200 |
| 2014 | $4,704 | $151,700 | $16,500 | $135,200 |
Source: Public Records
Agents Affiliated with this Home
-
Arthur Carr
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: NJES2000190
APN: 14-04036-0000-00016
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