NOT LISTED FOR SALE

221 Magnolia Ave Elizabethport, NJ 07206

Elizabethport Neighborhood

Estimated Value: $708,000 - $860,000

-- Bed
-- Bath
-- Sq Ft
26 Sq Ft Lot

Last Sold February 18, 2021

Last sale price $505,000

Est. 56% increase in value since last sale

Current estimated payment $5,151/month

44 Days on Market

About This Home

As of February 2021

This home is located at 221 Magnolia Ave, Elizabethport, NJ 07206 since 15 September 2020 and is currently estimated at $789,713. 221 Magnolia Ave is a home located in Union County with nearby schools including George Washington School No. 1, Elizabeth High School, and The Patrick School.

Last Agent to Sell the Property

Nuris Meek

RE/MAX TOWN & VALLEY Brokerage Phone: 908-852-1333 Listed on: 09/15/2020

RE/MAX TOWN & VALLEY

Last Buyer's Agent

Luis Silva

PREMIER HOMES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,323

Lot Details

  • 26 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,323

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 221
  • I D: 5016903
  • Modified: 2022-02-19
  • Number Images: 1
  • Attribution Contact: 908-852-1333
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25.5 X 100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Feb 12, 2021
Sold by
Ascencio Oscar and Ascencio Ada
Bought by
Alcantara Marcos A and Cedano Olga M
Seller's Agent
Nuris Meek
RE/MAX TOWN & VALLEY
Buyer's Agent
Luis Silva
PREMIER HOMES
List Price
$585,000
Sold Price
$505,000
Premium/Discount to List
-$80,000
-13.68%
Current Estimated Value
$789,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,713
Avg. Annual Appreciation
10.25%
Original Mortgage
$495,853
Outstanding Balance
$444,497
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$345,216

Purchase Details

Listed on
Mar 24, 2018
Closed on
Jun 22, 2018
Sold by
Delgado Marcia
Bought by
Ascencio Ada and Ascencio Oscar
Seller's Agent
MICHAEL ELIA
RE/MAX IN ACTION
Buyer's Agent
Nuris Meek
RE/MAX TOWN & VALLEY
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.20%
Original Mortgage
$308,643
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2001
Sold by
Costa Nelson and Martins Jose C
Bought by
Delgado Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,400
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2000
Sold by
Gable Donald W and Imc Mtg Company
Bought by
Chase Manhattan Bank and Imc Home Equity Loan Trust 1998-3
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Alcantara Marcos A $505,000 Fidelity National Ttl Ins Co
Ascencio Ada $285,000 Vital Abstract Llc
Delgado Marcia $260,000 Stewart Title Guaranty Compa
Chase Manhattan Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alcantara Marcos A $495,853
Previous Owner Ascencio Ada $308,643
Previous Owner Delgado Marcia $248,400
Previous Owner Costa Nelson A $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $505,000 -8.2% --
10/29/2020 10/29/20 Pending -- -- --
10/06/2020 10/06/20 Price Changed $550,000 -6.0% --
09/15/2020 09/15/20 For Sale $585,000 +105.3% --
06/29/2018 06/29/18 Sold $285,000 +3.6% --
06/08/2018 06/08/18 Pending -- -- --
03/24/2018 03/24/18 For Sale $275,000 -- --
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
2025 $11,323 $588,500 $144,000 $444,500
2024 $15,086 $588,500 $144,000 $444,500
2023 $15,086 $48,000 $9,200 $38,800
2022 $14,678 $48,000 $9,200 $38,800
2021 $14,375 $48,000 $9,200 $38,800
2020 $14,050 $48,000 $9,200 $38,800
2019 $13,836 $48,000 $9,200 $38,800
2018 $13,701 $48,000 $9,200 $38,800
2017 $13,319 $48,000 $9,200 $38,800
2016 $13,320 $48,000 $9,200 $38,800
2015 $12,528 $48,000 $9,200 $38,800
2014 $12,152 $48,000 $9,200 $38,800
Source: Public Records

Agents Affiliated with this Home

  • Nuris Meek

    Seller's Agent in 2021

    Nuris Meek

    RE/MAX

    (917) 561-5156

    1 in this area

    73 Total Sales

    Nuris Meek
    Section Image
  • Luis Silva

    Buyer's Agent in 2021

    Luis Silva

    PREMIER HOMES

    (908) 338-1915

    1 in this area

    37 Total Sales

    Luis Silva
    Section Image

  • M

    Seller's Agent in 2018

    MICHAEL ELIA

    RE/MAX

See All Agents

Map

Source: Garden State MLS

MLS Number: 3664494

Garden State MLS

APN: 04-00001-0000-00300-A

New Jersey Union County Elizabethport 07206 Elizabethport

221 Magnolia Ave, Elizabethport, NJ

This home is located at 221 Magnolia Ave, Elizabethport, NJ 07206 since 15 September 2020 and is currently estimated at $789,713. 221 Magnolia Ave is a home located in Union County with nearby schools including George Washington School No. 1, Elizabeth High School, and The Patrick School.

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