NOT LISTED FOR SALE

124 Sunset Ave Unit 126 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $642,000 - $695,000

-- Bed
-- Bath
-- Sq Ft
50 Sq Ft Lot

Last Sold February 02, 2022

Last sale price $415,000

Est. 62% increase in value since last sale

Current estimated payment $4,756/month

122 Days on Market

About This Home

As of February 2022

This home is located at 124 Sunset Ave Unit 126, Newark, NJ 07106 since 25 July 2021 and is currently estimated at $673,280. This property was built in 1907. 124 Sunset Ave Unit 126 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

Joseph Scotto

C-21 CEDARCREST REALTY Brokerage Phone: 973-228-1050 Listed on: 07/25/2021

Last Buyer's Agent

Joseph Scotto

C-21 CEDARCREST REALTY Brokerage Phone: 973-228-1050 Listed on: 07/25/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,196

Year Built

  • Built in 1907

Lot Details

  • 50 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,196

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • County Name: Essex
  • Street Number Display: 124
  • I D: 5091089
  • Modified: 2023-02-03
  • Number Images: 1
  • Attribution Contact: 973-228-1050
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50 X 100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2021
Closed on
Feb 7, 2022
Sold by
124 Sunset Ave Llc
Bought by
222 6Th Ave Llc
Seller's Agent
Joseph Scotto
C-21 CEDARCREST REALTY
Buyer's Agent
Joseph Scotto
C-21 CEDARCREST REALTY
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Total Days on Market
122
Current Estimated Value
$673,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,280
Avg. Annual Appreciation
15.64%
Original Mortgage
$480,000
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 11, 2007
Sold by
Koenigkann Theresa C
Bought by
Sakellaris Eleftherios

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 2, 2004
Sold by
Competitive Repairs Co Inc
Bought by
Koenigkan Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,300
Interest Rate
5.67%
Source: Public Records

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Range of Values:

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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
222 6Th Ave Llc $600,000 None Listed On Document
Sakellaris Eleftherios $288,000 First American Title Ins Co
Koenigkan Teresa $257,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 222 6Th Ave Llc $480,000
Previous Owner Sakellaris Eleftherios $259,200
Previous Owner Koenigkann Teresa C $242,500
Previous Owner Koenigkan Teresa $231,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Sold $415,000 -2.4% --
11/24/2021 11/24/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $425,000 0.0% --
10/25/2021 10/25/21 Pending -- -- --
07/25/2021 07/25/21 For Sale $425,000 -- --
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
2024 $14,196 $145,700 $19,400 $126,300
2023 $5,443 $380,800 $19,400 $361,400
2022 $5,443 $145,700 $19,400 $126,300
2021 $5,440 $145,700 $19,400 $126,300
2020 $5,537 $145,700 $19,400 $126,300
2019 $5,480 $145,700 $19,400 $126,300
2018 $5,381 $145,700 $19,400 $126,300
2017 $5,187 $145,700 $19,400 $126,300
2016 $5,012 $145,700 $19,400 $126,300
2015 $4,821 $145,700 $19,400 $126,300
2014 $4,518 $145,700 $19,400 $126,300
Source: Public Records

Agents Affiliated with this Home

  • Joseph Scotto

    Seller's Agent in 2022

    Joseph Scotto

    C-21 CEDARCREST REALTY

    (201) 575-1456

    1 in this area

    139 Total Sales

    Joseph Scotto
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3729855

Garden State MLS

APN: 14-04059-0000-00064

New Jersey Essex County Newark 07106 Lower Vailsburg

124 Sunset Ave Unit 126, Newark, NJ

This home is located at 124 Sunset Ave Unit 126, Newark, NJ 07106 since 25 July 2021 and is currently estimated at $673,280. This property was built in 1907. 124 Sunset Ave Unit 126 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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