NOT LISTED FOR SALE

129 Grove Terrace Unit 131 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $377,000 - $618,000

6 Beds
3 Baths
-- Sq Ft
5,066 Sq Ft Lot

Last Sold December 17, 2020

Last sale price $241,500

Est. 117% increase in value since last sale

Current estimated payment $3,511/month

60 Days on Market

About This Home

As of December 2020

STRICTLY AS-IS CONDITION ONLINE AUCTION EVENT, 2-FAMILY NEEDS WORK GREAT OPPORTUNITY FOR INVESTOR CASH-BUYERS. LONG DRIVEWAY, LARGE YARD, FINISHED ATTIC FRONT AND REAR EGRESS. BUYER RESPONSIBLE FOR ALL INSPECTIONS CITY CCO, FIRE COMPLIANCE, VIOLATIONS, BRING UP TO CODE AT BUYER EXPENSE. UNSAFE NO ACCESS SIGHT-UNSEEN.

Last Agent to Sell the Property

Pablo Lopez

Alliance Home Sales of New Jersey, LLC Listed on: 08/27/2020

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $714

Lot Details

  • 5,066 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Shingle Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 071404041 00068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$714

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1900-1939
  • Miscellaneous: None
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 12
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Basement: UNFINISHED
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Shingles

Garage/Parking

  • Garage: None

Utilities

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

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00068
  • Lot Dimensions: 40X126
  • Estimated Lot Sq Ft: 5066
  • Lot Description: Regular

Tax Info

  • Tax: 714
  • Assessor Parcel Number: 071404041 00068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
129-131 Grove Terrace Llc
Bought by
Brisk Zvi
Total Days on Market
60
Current Estimated Value
$523,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Outstanding Balance
$109,004
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$414,964

Purchase Details

Listed on
Aug 27, 2020
Closed on
Nov 10, 2020
Sold by
Bank Of America Na
Bought by
567 Chestnut Llc
Seller's Agent
Pablo Lopez
Alliance Home Sales of New Jersey, LLC
Buyer's Agent
Outside Agent
Outside Office
List Price
$249,900
Sold Price
$241,500
Premium/Discount to List
-$8,400
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.01%
Original Mortgage
$348,100
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 17, 2000
Sold by
Graham Lillian
Bought by
Lane Novella and Lane Vernon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,845
Interest Rate
7.69%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Brisk Zvi -- Universal Title
567 Chestnut Llc $241,500 Cross Bridge Title
Lane Novella $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brisk Zvi $109,500
Previous Owner 567 Chestnut Llc $348,100
Previous Owner Lane Novella $133,845
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $241,500 -3.4% --
10/26/2020 10/26/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $249,900 -- --
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 $6,953 $186,500 $19,900 $166,600
2023 $6,968 $186,500 $19,900 $166,600
2022 $6,968 $186,500 $19,900 $166,600
2021 $6,964 $186,500 $19,900 $166,600
2020 $7,087 $186,500 $19,900 $166,600
2019 $7,014 $186,500 $19,900 $166,600
2018 $6,887 $186,500 $19,900 $166,600
2017 $6,639 $186,500 $19,900 $166,600
2016 $6,416 $186,500 $19,900 $166,600
2015 $6,171 $186,500 $19,900 $166,600
2014 $5,783 $186,500 $19,900 $166,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20035525

New Jersey MLS

APN: 14-04041-0000-00068