$425,000
SOLD FEB 8, 2021 RENTED FEB 1, 2025

116 Franklin St Unit 2 Bloomfield, NJ 07003

-- Bed
-- Bath
-- Sq Ft
37 Sq Ft Lot

Recently Sold

6% Below List Price

91 Days on Market

About This Home

As of February 2021

This home is located at 116 Franklin St Unit 2, Bloomfield, NJ 07003 and is currently priced at $425,000. This property was built in 1923. 116 Franklin St Unit 2 is a home located in Essex County with nearby schools including Berkeley School, Bloomfield Middle School, and Bloomfield High School.

Last Agent to Sell the Property

SILVANARA A. ABRANTES

COCCIA REALTY BHGRE Brokerage Phone: 973-921-1111 Listed on: 09/03/2020

Last Buyer's Agent

Michael Schiff

KELLER WILLIAMS - NJ METRO GROUP

KELLER WILLIAMS - NJ METRO GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,500

Year Built

  • Built in 1923

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,500

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Year Built: 1923
  • County Name: Essex
  • Street Number Display: 116
  • I D: 5012278
  • Modified: 2022-02-09
  • Number Images: 0
  • Attribution Contact: 973-921-1111
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37 X 110
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Jan 29, 2021
Sold by
Fonseca Eric
Bought by
Herbach John
Seller's Agent
SILVANARA A. ABRANTES
COCCIA REALTY BHGRE
Buyer's Agent
Michael Schiff
KELLER WILLIAMS - NJ METRO GROUP
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
$597,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,526
Avg. Annual Appreciation
7.96%
Original Mortgage
$391,000
Outstanding Balance
$353,675
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$243,851

Purchase Details

Closed on
Sep 28, 2016
Sold by
Fonseca Guido and Villaneuva Maria
Bought by
Fonseca Eric

Purchase Details

Closed on
Nov 24, 1992
Sold by
Angelo Michele V
Bought by
Fonseca Guido and Fonseca Baez,Betty
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
Bargain Sale Deed $425,000 Evident Title Agency Inc
Interfamily Deed Transfer -- None Available
Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $391,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2025 02/01/25 Rented -- -- --
01/28/2025 01/28/25 Price Changed $2,150 -6.5% --
12/19/2024 12/19/24 For Rent $2,300 0.0% --
02/08/2021 02/08/21 Sold $425,000 -2.3% --
12/03/2020 12/03/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $435,000 -3.3% --
10/09/2020 10/09/20 For Sale $450,000 0.0% --
10/02/2020 10/02/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $450,000 -- --
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 $12,500 $382,500 $86,400 $296,100
2022 $12,248 $382,500 $86,400 $296,100
2021 $10,265 $326,600 $86,400 $240,200
2020 $10,108 $326,600 $86,400 $240,200
2019 $10,156 $255,100 $108,800 $146,300
2018 $10,112 $255,100 $108,800 $146,300
2017 $9,959 $255,100 $108,800 $146,300
2016 $9,847 $255,100 $108,800 $146,300
2015 $9,758 $255,100 $108,800 $146,300
2014 $9,579 $255,100 $108,800 $146,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3661351

Garden State MLS

APN: 02-00370-0000-00022