NOT LISTED FOR SALE

145 Sherman Ave Newark, NJ 07114

South Broad Valley Neighborhood

Estimated Value: $435,000 - $519,000

-- Bed
-- Bath
2,532 Sq Ft
$193/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $309,000 $122 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,148/month

326 Days on Market

Highlights

  • Corner Lot
  • 4 Car Detached Garage
  • Radiator

About This Home

As of February 2023

Back on the market. Buyer could not perform. Price Reduced. Three family property. Unit 1 & 2 has living room, dining room, 2 bedrooms,1 bathroom and an eat-in kitchen. Unit 3 has 1 bedroom with a large closet and bathroom. High ceiling throughout and hard wood flooring in some areas of the home. Corner property. 4 car garage. Home needs TLC. Property is "Sold As Is". Seller will make no repairs. Buyer is responsible for municipal certificates. Cash and renovation loan only. Unit 1 is vacant. Unit 2 is occupied and unit 3 will be delivered vacant. Property is a legal 2 family with an additional 3rd floor.

Last Agent to Sell the Property

Debra Marshall

KELLER WILLIAMS ELITE REALTORS Listed on: 03/13/2022

KELLER WILLIAMS ELITE REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,370

Year Built

  • Built in 1910

Lot Details

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

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 2,532 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Radiator
  • Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,370

Year Built

Built in 1910

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0574
  • Lot Size: 100.00 x 25.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1910
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(See Remarks), Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Electric,Fuel,Gas), Unit 2 Owner Pays(Electric,Fuel,Gas), Unit 3 Owner Pays(See Remarks)
  • Has Basement: Full, None
  • Interior Amenities: Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(Dining Room,2 Bedrooms,1 Bath,Living Room), Unit 3(1 Bedroom,Kitchen,1 Bath)
  • Living Area: 2532
  • Stories: 3

Exterior Features

  • Lot Features: Corner Lot

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: Garage, Detached, 4(+)Car Parking, See Remarks

Utilities

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

Lot Info

  • Lot Size Sq Ft: 2500

Rental Info

  • Lease Term: Unit 1(No Lease),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 6370
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2023
Sold by
145 Sherman Ave Llc
Bought by
Kessler Devorah
Current Estimated Value
$478,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Outstanding Balance
$484,656
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$3,316

Purchase Details

Listed on
Mar 13, 2022
Closed on
Feb 2, 2023
Sold by
Flowers Barbara
Bought by
145 Sherman Ave Llc
Seller's Agent
Debra Marshall
KELLER WILLIAMS ELITE REALTORS
List Price
$380,000
Sold Price
$309,000
Premium/Discount to List
-$71,000
-18.68%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.79%
Original Mortgage
$60,000
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 1988
Sold by
Jarrett Lincoln T and Jarrett Willie M
Bought by
Lee William and Lee Murdene
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
Kessler Devorah -- None Listed On Document
145 Sherman Ave Llc $309,000 Madison Title
Lee William $20,000 --
Lee William $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kessler Devorah $496,000
Previous Owner 145 Sherman Ave Llc $60,000
Previous Owner 145 Sherman Ave Llc $418,100
Previous Owner Lee William $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $309,000 -4.9% $122 / Sq Ft
10/26/2022 10/26/22 Price Changed $325,000 -3.0% $128 / Sq Ft
07/06/2022 07/06/22 Price Changed $335,000 -11.8% $132 / Sq Ft
03/13/2022 03/13/22 For Sale $380,000 -- $150 / 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 $6,360 $170,600 $47,500 $123,100
2024 $6,360 $170,600 $47,500 $123,100
2022 $6,374 $170,600 $47,500 $123,100
2021 $6,370 $170,600 $47,500 $123,100
2020 $6,483 $170,600 $47,500 $123,100
2019 $6,416 $170,600 $47,500 $123,100
2018 $6,300 $170,600 $47,500 $123,100
2017 $6,073 $170,600 $47,500 $123,100
2016 $5,869 $170,600 $47,500 $123,100
2015 $5,645 $170,600 $47,500 $123,100
2014 $5,911 $190,600 $47,500 $143,100
Source: Public Records

Agents Affiliated with this Home

  • Debra Marshall

    Seller's Agent in 2023

    Debra Marshall

    KELLER WILLIAMS ELITE REALTORS

    (917) 562-0401

    1 in this area

    118 Total Sales

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Map

Source: All Jersey MLS

MLS Number: 2210677R

All Jersey MLS

APN: 14-02792-0000-00019

New Jersey Essex County Newark 07114 South Broad Valley

145 Sherman Ave, Newark, NJ

This home is located at 145 Sherman Ave, Newark, NJ 07114 since 13 March 2022 and is currently estimated at $487,972, approximately $192 per square foot. This property was built in 1910. 145 Sherman Ave is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine Avenue Elementary School.

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