$750,000
SOLD OCT 5, 2024

120 Elizabeth Ave Newark, NJ 07108

South Broad Valley Neighborhood
6 Beds
4.5 Baths
2,772 Sq Ft
3,006 Sq Ft Lot

Recently Sold

$271 Per Sq Ft

7% Above List Price

43 Days on Market

Highlights

  • Under Construction
  • Forced Air Zoned Heating and Cooling System
  • Fenced
  • 2 Car Attached Garage

About This Home

As of October 2024

UNER CONSTRUCTION. Estimated for completion mid-February. Zoned 2-family New Construction featuring two 3 bedrooms. Spacious apartments with garage and laundry rooms. Ground floor offers 2-car built in garage and a large rec room with a half bath. Central air conditioning with hardwood floors and ceramic tile throughout. Elegant kitchen with granite tops. All utilities separated. ENJOY A 5 YEAR TAX ABATEMENT. Finished home is delivered fully vacant. Ground Floor 1,405sqft. First Floor Unit 1,366sqft. Second Floor Unit 1,366sqft

Last Agent to Sell the Property

Ethan Hinds

EXP Realty License #2192675 Listed on: 11/08/2023

EXP Realty

Last Buyer's Agent

Ethan Hinds

EXP Realty License #2192675 Listed on: 11/08/2023

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • Fenced

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,772 Sq Ft Home
  • 3-Story Property

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Fridge, Washer/Drier
  • Assessor Parcel Number 14-02784-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 2023 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • New Construction: Yes
  • Year Built: 2023
  • Contract Info New Construction: U/C
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: NewHome

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 3
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Fridge, Washer/Drier
  • Exterior Features: Fence
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: See Remarks, On Street
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Lot Info

  • Parcel #: 14-02784-0000-00001
  • Zoning Description: Multi-Family

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2023
Closed on
May 24, 2024
Sold by
120 Elizabeth Llc
Bought by
Murdock Lexford A
Buyer's Agent
CLARISSA VARGAS
REAL
List Price
$699,900
Sold Price
$740,000
Premium/Discount to List
$40,100
5.73%
Views
220
Current Estimated Value
$789,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,106
Avg. Annual Appreciation
0.14%
Original Mortgage
$736,415
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 2022
Sold by
Prime Rram Homes Llc
Bought by
120 Elizabeth Llc

Purchase Details

Closed on
Jul 13, 2022
Sold by
City Of Newark
Bought by
Prime Rram Homes Llc
Source: Public Records

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 $750,000 Stewart Title
Bargain Sale Deed -- Old Republic National Title
Quit Claim Deed $18,000 Evident Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $736,415 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2024 10/05/24 Sold $750,000 +7.2% $271 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $699,900 -- $252 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $2,460 $386,000 $66,000 $320,000
2024 $2,460 $66,000 $66,000 $0
2022 -- $66,000 $66,000 $0
2021 $0 $66,000 $66,000 $0
2020 $0 $66,000 $66,000 $0
2019 $0 $66,000 $66,000 $0
2018 $0 $66,000 $66,000 $0
2017 $0 $66,000 $66,000 $0
2016 $0 $66,000 $66,000 $0
2015 -- $66,000 $66,000 $0
2014 -- $66,000 $66,000 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    Ethan Hinds

    EXP Realty

    (732) 581-5472

    1 in this area

    23 Total Sales

    Ethan Hinds
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22331097

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-02784-0000-00001

New Jersey Essex County Newark 07108 South Broad Valley

120 Elizabeth Ave, Newark, NJ

This home is located at 120 Elizabeth Ave, Newark, NJ 07108 and is currently priced at $750,000, approximately $270 per square foot. This property was built in 2023. 120 Elizabeth Ave is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine 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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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