NOT LISTED FOR SALE

120 Scheerer Ave Unit 122 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $396,000 - $619,000

6 Beds
2 Baths
-- Sq Ft
3,759 Sq Ft Lot

Last Sold September 09, 2020

Last sale price $110,000

Est. 348% increase in value since last sale

Current estimated payment $3,282/month

30 Days on Market

About This Home

As of September 2020

This home is located at 120 Scheerer Ave Unit 122, Newark, NJ 07112 since 23 June 2020 and is currently estimated at $493,225. This property was built in 1922. 120 Scheerer Ave Unit 122 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Last Listed By

Susan Picciuto

RE/MAX Trust Properties Listed on: 06/23/2020

RE/MAX Trust Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 3,759 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 071403665 00015

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: None
  • Views/Exposure: None
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 15
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Full
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Other

Garage/Parking

  • Garage: O/See Remk

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: O/See Rmks
  • Cooling: None

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00015
  • Estimated Lot Sq Ft: 3759
  • Lot Description: Regular

Tax Info

  • Tax: 6461
  • Assessor Parcel Number: 071403665 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2021
Sold by
120 Scheerer Ave Associates Llc
Bought by
Frieder Shloima
Total Days on Market
30
Current Estimated Value
$493,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Outstanding Balance
$296,313
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$196,912

Purchase Details

Closed on
Feb 17, 2021
Sold by
Haddley Zota L and Massey Kizzy J
Bought by
120 Scheerer Ave Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
2.7%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 4, 2016
Closed on
Jun 14, 2017
Sold by
120 Scheerer Llc
Bought by
Haddley Zola L and Massey Kizzy J
Seller's Agent
DAVIELIER TURNER
PINNACLE REAL ESTATE
Buyer's Agent
DAVIELIER TURNER
PINNACLE REAL ESTATE
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$240,562
Interest Rate
4.02%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 7, 2012
Sold by
Phinn Andy and Phinn Stanley
Bought by
120 Scheerer Llc

Purchase Details

Closed on
Feb 28, 2006
Sold by
Harding George
Bought by
Phinn Andy and Phinn Stanley

Purchase Details

Closed on
Dec 17, 1992
Sold by
Sais Sally
Bought by
Garding George and Garding Roxie A

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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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
Frieder Shloima -- First American Title
120 Scheerer Ave Associates Llc $239,000 Stewart Title
Haddley Zola L $245,000 Belmont Title And Settlement
120 Scheerer Llc $76,000 Old Republic National Title
Phinn Andy $210,000 --
Garding George $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frieder Shloima $318,500
Previous Owner 120 Scheerer Ave Associates Llc $60,000
Previous Owner 120 Scheerer Avenue Associates Llc $60,000
Previous Owner 120 Scheerer Ave Associates Llc $273,000
Previous Owner Haddley Zola L $240,562
Previous Owner Phinn Andy D $240,000
Previous Owner Phinn Andy D $29,950
Previous Owner Harding George $7,887
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $110,000 +10.0% --
07/23/2020 07/23/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $100,000 -58.3% --
06/16/2017 06/16/17 Sold $240,000 -2.0% --
06/16/2017 06/16/17 Sold $245,000 -2.0% --
07/11/2016 07/11/16 Pending -- -- --
07/04/2016 07/04/16 For Sale $250,000 0.0% --
04/20/2016 04/20/16 Pending -- -- --
12/17/2015 12/17/15 For Sale $250,000 -- --
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
2024 $6,405 $171,800 $29,100 $142,700
2022 $6,418 $171,800 $29,100 $142,700
2021 $6,415 $171,800 $29,100 $142,700
2020 $6,528 $171,800 $29,100 $142,700
2019 $6,461 $171,800 $29,100 $142,700
2018 $5,122 $138,700 $29,100 $109,600
2017 $4,938 $138,700 $29,100 $109,600
2016 $4,771 $138,700 $29,100 $109,600
2015 $4,590 $138,700 $29,100 $109,600
2014 $4,301 $138,700 $29,100 $109,600
Source: Public Records

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Source: New Jersey MLS

MLS Number: 20023605

New Jersey MLS

APN: 14-03665-0000-00015