NOT LISTED FOR SALE

121 S 7th St Newark, NJ 07107

Fairmount Neighborhood

Estimated Value: $664,000 - $797,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold February 16, 2022

Last sale price $535,000

Est. 36% increase in value since last sale

Current estimated payment $5,118/month

14 Days on Market

About This Home

As of February 2022

This home is located at 121 S 7th St, Newark, NJ 07107 since 23 December 2021 and is currently estimated at $728,860. This property was built in 1902. 121 S 7th St is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

Jamel Driver

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 12/23/2021

EXP REALTY, LLC

Last Buyer's Agent

Jamel Driver

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 12/23/2021

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,363

Year Built

  • Built in 1902

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,363

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Year Built: 1902
  • County Name: Essex
  • I D: 5121169
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2021
Closed on
Jan 31, 2022
Sold by
Tavonna Lewis
Bought by
Frankel Moshe
Seller's Agent
Jamel Driver
EXP REALTY, LLC
Buyer's Agent
Jamel Driver
EXP REALTY, LLC
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Current Estimated Value
$728,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,860
Avg. Annual Appreciation
8.57%
Original Mortgage
$401,250
Outstanding Balance
$372,591
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$356,269

Purchase Details

Closed on
Oct 2, 2020
Sold by
Urban 121 Capital 7 Llc
Bought by
Lewis Tavonna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,306
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2019
Sold by
Caliber Home Loans Inc
Bought by
Urban 121 Capital 7 Llc

Purchase Details

Listed on
Nov 13, 2015
Closed on
Dec 8, 2015
Sold by
Goliath Holdings Llc
Bought by
Brillant Armand
Seller's Agent
MICHAEL BRAIN
PREFERRED REALTY SERVICES LLC
Buyer's Agent
MICHAEL BRAIN
PREFERRED REALTY SERVICES LLC
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Interest Rate
3.93%

Purchase Details

Closed on
Mar 3, 2015
Sold by
Luxury Living Properllc
Bought by
Goliath Holdings Llc

Purchase Details

Closed on
Jan 20, 2015
Sold by
Heady Clara
Bought by
Luxury Living Proper Llc

Purchase Details

Closed on
Jan 9, 1987
Bought by
George Arthur
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Frankel Moshe $535,000 Aziz Peter G
Lewis Tavonna $480,000 Belmont Title & Settlement
Urban 121 Capital 7 Llc $300,000 --
Brillant Armand $350,000 --
Goliath Holdings Llc $85,000 --
Luxury Living Proper Llc $42,500 --
George Arthur -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frankel Moshe $401,250
Previous Owner Lewis Tavonna $471,306
Previous Owner Brillant Armand --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2022 02/16/22 Sold $535,000 -2.7% --
01/06/2022 01/06/22 Pending -- -- --
12/23/2021 12/23/21 For Sale $550,000 +57.1% --
11/13/2015 11/13/15 Sold $350,000 -- -- View Prior Sale
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
2025 $15,363 $350,000 $31,300 $318,700
2024 $15,363 $412,100 $31,300 $380,800
2022 $13,980 $374,200 $31,300 $342,900
2021 $13,973 $374,200 $31,300 $342,900
2020 $7,448 $196,000 $31,300 $164,700
2019 $7,372 $196,000 $31,300 $164,700
2018 $7,238 $196,000 $31,300 $164,700
2017 $6,978 $196,000 $31,300 $164,700
2016 $6,742 $196,000 $31,300 $164,700
2015 $6,486 $196,000 $31,300 $164,700
2014 $6,078 $196,000 $31,300 $164,700
Source: Public Records

Agents Affiliated with this Home

  • Jamel Driver

    Seller's Agent in 2022

    Jamel Driver

    EXP REALTY, LLC

    (917) 238-1043

    5 in this area

    23 Total Sales

    Jamel Driver
    Section Image

  • M

    Seller's Agent in 2015

    MICHAEL BRAIN

    PREFERRED REALTY SERVICES LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3756758

Garden State MLS

APN: 14-01811-0000-00022

New Jersey Essex County Newark 07107 Fairmount

121 S 7th St, Newark, NJ

Not Listed for Sale

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