NOT LISTED FOR SALE

131 Fairmount Ave Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $556,000 - $692,000

-- Bed
-- Bath
3,438 Sq Ft
$176/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $525,000 $153 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,813/month

38 Days on Market

Highlights

  • Accessibility Features
  • Carpet
  • Radiator
  • Utility Room

About This Home

As of July 2024

Don't miss out on this large 3 family home with serious investment potential! All 3 apartments are 2 bedroom 1 bath units that offer ample and versatile living spaces including an eat-in kitchen, dining / living room (can be converted to 3rd bedroom), pantry, and porch. Separate utilities, owners only pays water and common area lights. Once renovated, this property could yield substantial rental income! This is a unique opportunity for investors to capitalize on a high-demand area. Property is being sold in strictly as-is condition. Buyer is responsible for c/o and fire certificates. Cash offers preferred.

Last Agent to Sell the Property

Jeremy Faberlle

PRIVE HAUS LLC Listed on: 01/26/2024

Co-Listed By

Silvio Lavrador

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,009

Year Built

  • Built in 1900

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100.00 x 25.00

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,438 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Carpet
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Accessibility Features

Utilities

  • No Cooling
  • Radiator
  • Gas Water Heater

Community Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks), unit 3 owner pays(see remarks)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,009

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0574
  • Lot Size: 100.00 x 25.00
  • Co List Office Mls Id: REPR09
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks), Unit 3 Owner Pays(See Remarks)
  • Accessibility Features: Unit 1 Accessibility Features, Unit 2 Accessibility Features, Unit 3 Accessibility Features
  • Has Basement: Full, Utility Room
  • Flooring: Unit 1 Carpet, Unit 2 Carpet, Unit 3 Carpet
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room), Unit 3(2 Bedrooms,1 Bath,Den/Family Room)
  • Living Area: 3438
  • Stories: 3

Exterior Features

  • Lot Features: See Remarks
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2500

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 7009
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Jun 19, 2024
Sold by
Cerontapia Jose and Clash Ruth
Bought by
Sarango Imaicela Wilman E and Sarango Jaime Jaime
Seller's Agent
Jeremy Faberlle
PRIVE HAUS LLC
List Price
$525,000
Sold Price
$525,000
Views
64
Current Estimated Value
$606,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,219
Avg. Annual Appreciation
12.96%
Original Mortgage
$472,500
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2006
Sold by
Litchfield Abraham
Bought by
Cerontapia Jose and Clash Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,900
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2006
Sold by
White Willie Francis
Bought by
Litchfield Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
6.16%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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Average Value
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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
Sarango Imaicela Wilman E $525,000 Westcor Land Title
Cerontapia Jose $302,000 --
Litchfield Abraham $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarango Imaicela Wilman E $472,500
Previous Owner Cerontapia Jose $286,900
Previous Owner Litchfield Abraham $23,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $525,000 0.0% $153 / Sq Ft
01/26/2024 01/26/24 For Sale $525,000 -- $153 / Sq Ft
Source: All 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
2025 $6,997 $187,700 $26,300 $161,400
2024 $6,997 $187,700 $26,300 $161,400
2022 $7,012 $187,700 $26,300 $161,400
2021 $7,009 $187,700 $26,300 $161,400
2020 $7,133 $187,700 $26,300 $161,400
2019 $7,059 $187,700 $26,300 $161,400
2018 $6,932 $187,700 $26,300 $161,400
2017 $6,682 $187,700 $26,300 $161,400
2016 $6,457 $187,700 $26,300 $161,400
2015 $6,211 $187,700 $26,300 $161,400
2014 $5,821 $187,700 $26,300 $161,400
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Faberlle

    Seller's Agent in 2024

    Jeremy Faberlle

    PRIVE HAUS LLC

    (732) 288-4619

    1 in this area

    15 Total Sales

    Jeremy Faberlle
    Section Image
  • Silvio Lavrador

    Seller Co-Listing Agent in 2024

    Silvio Lavrador

    RE/MAX

    (908) 591-1433

    8 in this area

    73 Total Sales

    Silvio Lavrador
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2407550R

All Jersey MLS

APN: 14-00258-0000-00029

New Jersey Essex County Newark 07103 Fairmount

131 Fairmount Ave, Newark, NJ

This home is located at 131 Fairmount Ave, Newark, NJ 07103 since 26 January 2024 and is currently estimated at $606,219, approximately $176 per square foot. This property was built in 1900. 131 Fairmount Ave is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Camden Street Elementary School, and Cleveland Elementary School.

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