NOT LISTED FOR SALE

124 Scheerer Ave Unit 126 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $666,000 - $774,000

9 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $510,000

Est. 46% increase in value since last sale

Current estimated payment $5,331/month

12 Days on Market

About This Home

As of February 2022

This home is located at 124 Scheerer Ave Unit 126, Newark, NJ 07112 since 06 December 2021 and is currently estimated at $712,349. 124 Scheerer Ave Unit 126 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

LOURDIANA SAINT LOUIS

COLDWELL BANKER REALTY Brokerage Phone: 888-501-6953 Listed on: 12/06/2021

Last Buyer's Agent

LOURDIANA SAINT LOUIS

COLDWELL BANKER REALTY Brokerage Phone: 888-501-6953 Listed on: 12/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,547

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,547

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 124
  • I D: 5119040
  • Modified: 2023-02-12
  • Number Images: 1
  • Attribution Contact: 888-501-6953
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Feb 10, 2022
Sold by
Lourdiana Saint Louis
Bought by
Chiyem Eucharia
Seller's Agent
LOURDIANA SAINT LOUIS
COLDWELL BANKER REALTY
Buyer's Agent
LOURDIANA SAINT LOUIS
COLDWELL BANKER REALTY
List Price
$475,000
Sold Price
$510,000
Premium/Discount to List
$35,000
7.37%
Current Estimated Value
$745,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,739
Avg. Annual Appreciation
10.08%
Original Mortgage
$500,762
Outstanding Balance
$467,509
Interest Rate
3.69%
Mortgage Type
FHA
Estimated Equity
$244,840

Purchase Details

Closed on
Aug 5, 2019
Sold by
Diva Keyz Llc
Bought by
Stlouis Lourdiana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 2002
Sold by
Ukaigwe Albert
Bought by
Ogbonna Adaora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,740
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 1993
Sold by
Federal National Mortgage Association
Bought by
Ukaigue Albert and Ukaigue Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
7.12%

Purchase Details

Closed on
Oct 19, 1988
Sold by
Dayton Charles and Dayton Sr
Bought by
Blackman Brandon
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
Chiyem Eucharia $510,000 Old Republic National
Stlouis Lourdiana $380,000 Allied Title
Ogbonna Adaora $123,000 --
Ukaigue Albert $65,000 --
Blackman Brandon $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiyem Eucharia $500,762
Previous Owner Louis Lourdiana Saint $371,686
Previous Owner Stlouis Lourdiana $373,117
Previous Owner Ogbonna Adaora $232,500
Previous Owner Ogbonna Adaora $117,740
Previous Owner Ukaigue Albert $59,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $510,000 +7.4% --
12/24/2021 12/24/21 Pending -- -- --
12/11/2021 12/11/21 For Sale $475,000 -- --
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
2025 $14,547 $340,000 $30,600 $309,400
2024 $14,547 $390,200 $30,600 $359,600
2022 $9,826 $263,000 $30,600 $232,400
2021 $9,820 $263,000 $30,600 $232,400
2020 $9,994 $263,000 $30,600 $232,400
2019 $6,653 $176,900 $30,600 $146,300
2018 $6,533 $176,900 $30,600 $146,300
2017 $6,298 $176,900 $30,600 $146,300
2016 $6,085 $176,900 $30,600 $146,300
2015 $5,854 $176,900 $30,600 $146,300
2014 $5,486 $176,900 $30,600 $146,300
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    LOURDIANA SAINT LOUIS

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3754882

Garden State MLS

APN: 14-03665-0000-00016

New Jersey Essex County Newark 07112 Weequahic

124 Scheerer Ave Unit 126, Newark, NJ

This home is located at 124 Scheerer Ave Unit 126, Newark, NJ 07112 since 06 December 2021 and is currently estimated at $712,349. 124 Scheerer Ave Unit 126 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

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