NOT LISTED FOR SALE

123 Palm St Newark, NJ 07106

Upper Vailsburg Neighborhood

Estimated Value: $428,691 - $513,000

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

Last Sold October 30, 2020

Last sale price $278,000

Est. 67% increase in value since last sale

Current estimated payment $2,997/month

117 Days on Market

About This Home

As of October 2020

This home is located at 123 Palm St, Newark, NJ 07106 since 24 April 2020 and is currently estimated at $463,673. This property was built in 1910. 123 Palm St is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

Grisela Flores

FLOROSTONE REALTY INC. Brokerage Phone: 908-445-5339 Listed on: 04/24/2020

Last Buyer's Agent

BRENT MCCULLEY

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,227

Year Built

  • Built in 1910

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,227

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Essex
  • Street Number Display: 123
  • I D: 4948127
  • Modified: 2021-10-31
  • Number Images: 1
  • Attribution Contact: 908-445-5339
  • 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
Apr 24, 2020
Closed on
Oct 26, 2020
Sold by
123 Palm Street Investment Llc
Bought by
Gibbs Tyrell M
Seller's Agent
Grisela Flores
FLOROSTONE REALTY INC.
Buyer's Agent
BRENT MCCULLEY
EXP REALTY, LLC
List Price
$249,900
Sold Price
$278,000
Premium/Discount to List
$28,100
11.24%
Current Estimated Value
$463,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,673
Avg. Annual Appreciation
11.37%
Original Mortgage
$0
Interest Rate
2.8%

Purchase Details

Closed on
Jun 14, 2019
Sold by
123 Palm Street Llc
Bought by
123 Palm Street Invest

Purchase Details

Closed on
Nov 24, 1998
Sold by
Koenig Gerald
Bought by
Thomas Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.67%

Purchase Details

Closed on
Aug 14, 1998
Sold by
Podhradsky Henry
Bought by
Koenig Gerald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.94%
Source: Public Records

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
Gibbs Tyrell M $278,000 Stewart Title Guaranty Co
123 Palm Street Invest $195,000 Belmont Title And Settlement
Thomas Sheila $120,000 --
Koenig Gerald J $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbs Tyrell $15,634
Previous Owner Bridging America Llc $0
Previous Owner Gibbs Tyrell M $272,964
Previous Owner Thomas Sheila $96,000
Previous Owner Koenig Gerald J $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $278,000 +11.2% --
08/19/2020 08/19/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $249,900 -- --
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 $5,227 $140,200 $16,300 $123,900
2024 $5,227 $140,200 $16,300 $123,900
2022 $5,238 $140,200 $16,300 $123,900
2021 $5,235 $140,200 $16,300 $123,900
2020 $5,328 $140,200 $16,300 $123,900
2019 $3,603 $95,800 $16,300 $79,500
2018 $3,538 $95,800 $16,300 $79,500
2017 $3,410 $95,800 $16,300 $79,500
2016 $3,296 $95,800 $16,300 $79,500
2015 $3,170 $95,800 $16,300 $79,500
2014 $2,971 $95,800 $16,300 $79,500
Source: Public Records

Agents Affiliated with this Home

  • Grisela Flores

    Seller's Agent in 2020

    Grisela Flores

    FLOROSTONE REALTY INC.

    (908) 220-7865

    3 in this area

    159 Total Sales

    Section Image

  • B

    Buyer's Agent in 2020

    BRENT MCCULLEY

    EXP REALTY, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3629095

Garden State MLS

APN: 14-04198-0000-00013

New Jersey Essex County Newark 07106 Upper Vailsburg

123 Palm St, Newark, NJ

This home is located at 123 Palm St, Newark, NJ 07106 since 24 April 2020 and is currently estimated at $463,673. This property was built in 1910. 123 Palm St is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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