NOT LISTED FOR SALE

188 Vermont Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $526,000 - $636,000

-- Bed
-- Bath
2,723 Sq Ft
$212/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $325,000 $119 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,511/month

About This Home

As of March 2020

This home is located at 188 Vermont Ave, Newark, NJ 07106 since 06 December 2019 and is currently estimated at $578,627, approximately $212 per square foot. This property was built in 1932. 188 Vermont Ave 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

TIMOTHY PETERS

JEANIUS REALTY Brokerage Phone: 908-349-8770 Listed on: 12/06/2019

Last Buyer's Agent

Nereyda Martinez

RE/MAX LIFETIME REALTORS

RE/MAX LIFETIME REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,312

Year Built

  • Built in 1932

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,312

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Year Built: 1932
  • County Name: Essex
  • Street Number Display: 188
  • I D: 4972882
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-349-8770
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 35X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2019
Closed on
Mar 5, 2020
Sold by
Rental Shop Llc
Bought by
Lemus Roberto Herrera and Herrera Jose R
Seller's Agent
TIMOTHY PETERS
JEANIUS REALTY
Buyer's Agent
Nereyda Martinez
RE/MAX LIFETIME REALTORS
List Price
$329,000
Sold Price
$325,000
Premium/Discount to List
-$4,000
-1.22%
Current Estimated Value
$578,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,627
Avg. Annual Appreciation
10.06%
Original Mortgage
$314,153
Outstanding Balance
$280,033
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$274,721

Purchase Details

Closed on
Jul 24, 2017
Sold by
City Properties One
Bought by
Rental Shop Llc

Purchase Details

Closed on
Aug 3, 2011
Sold by
Tjf Consulting Llc
Bought by
City Properties One Limited Libility Com

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,700
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2009
Sold by
Us Bank National Association
Bought by
Tjf Consultant Llc

Purchase Details

Closed on
Dec 15, 2008
Sold by
Wiley Lavonne
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 28, 2006
Sold by
Mallard Robert
Bought by
Wiley Lavonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 23, 2001
Sold by
Jacobs Elsie
Bought by
Mallard Robert and Richmond Jackie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,068
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 1992
Sold by
Jacobs Elsie
Bought by
Jacobs Elsie and Jacobs Demetrice
Source: Public Records

Range of Values:

Collateral Analytics

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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
Lemus Roberto Herrera $325,000 New Horizon Abstract
Rental Shop Llc $63,636 None Available
City Properties One Limited Libility Com -- Acres Land Title Agency Inc
Tjf Consultant Llc $12,800 Title Works Inc
Us Bank National Association -- None Available
Wiley Lavonne $300,000 --
Mallard Robert $125,000 --
Jacobs Elsie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemus Roberto Herrera $314,153
Previous Owner City Properties One Limited Libility Com $765,700
Previous Owner Wiley Lavonne $285,000
Previous Owner Mallard Robert $123,068
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2020 03/05/20 Sold $325,000 -1.2% $119 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
12/06/2019 12/06/19 For Sale $329,000 -- $121 / Sq Ft
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 $5,312 $142,500 $17,500 $125,000
2024 $5,312 $142,500 $17,500 $125,000
2022 $9,437 $252,600 $17,500 $235,100
2021 $9,432 $252,600 $17,500 $235,100
2020 $5,415 $142,500 $17,500 $125,000
2019 $5,359 $142,500 $17,500 $125,000
2018 $5,263 $142,500 $17,500 $125,000
2017 $5,073 $142,500 $17,500 $125,000
2016 $4,902 $142,500 $17,500 $125,000
2015 $4,715 $142,500 $17,500 $125,000
2014 $4,419 $142,500 $17,500 $125,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    TIMOTHY PETERS

    JEANIUS REALTY

  • Nereyda Martinez

    Buyer's Agent in 2020

    Nereyda Martinez

    RE/MAX

    (908) 414-5119

    2 in this area

    48 Total Sales

    Nereyda Martinez
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3625386

Garden State MLS

APN: 14-04036-01-00036

New Jersey Essex County Newark 07106 Lower Vailsburg

188 Vermont Ave, Newark, NJ

This home is located at 188 Vermont Ave, Newark, NJ 07106 since 06 December 2019 and is currently estimated at $578,627, approximately $212 per square foot. This property was built in 1932. 188 Vermont Ave 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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