NOT LISTED FOR SALE

224 S 7th St Unit 226 Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $519,000 - $639,000

-- Bed
-- Bath
2,586 Sq Ft
$226/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $590,000 $228 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,052/month

70 Days on Market

About This Home

As of March 2024

This home is located at 224 S 7th St Unit 226, Newark, NJ 07103 since 29 December 2023 and is currently estimated at $583,592, approximately $225 per square foot. This property was built in 1900. 224 S 7th St Unit 226 is a home located in Essex County with nearby schools including Louise A. Spencer School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

Last Agent to Sell the Property

JILLETTA D. RILEY-ABDULLAH

REALTY MARK CENTRAL Brokerage Phone: 609-716-8400 Listed on: 12/29/2023

Last Buyer's Agent

JILLETTA D. RILEY-ABDULLAH

REALTY MARK CENTRAL Brokerage Phone: 609-716-8400 Listed on: 12/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,611

Year Built

  • Built in 1900

Lot Details

  • 41 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,611

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Essex
  • Street Number Display: 224
  • I D: 5261384
  • Modified: 2025-03-23
  • Number Images: 8
  • Attribution Contact: 609-716-8400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 41.3X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Mar 7, 2024
Sold by
Lee Stefan
Bought by
Gibbs Dyllon
Seller's Agent
JILLETTA D. RILEY-ABDULLAH
REALTY MARK CENTRAL
Buyer's Agent
JILLETTA D. RILEY-ABDULLAH
REALTY MARK CENTRAL
List Price
$550,000
Sold Price
$590,000
Premium/Discount to List
$40,000
7.27%
Views
61
Current Estimated Value
$583,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,408
Avg. Annual Appreciation
3.32%
Original Mortgage
$560,500
Outstanding Balance
$554,242
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$60,366

Purchase Details

Closed on
Jan 3, 2012
Sold by
Clove Lakes Development Of New Jersey Ll
Bought by
Lee Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,750
Interest Rate
3.94%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2010
Sold by
Caldom Investments Inc
Bought by
Clove Lakes Development Of New Jersey

Purchase Details

Closed on
Jun 14, 2007
Sold by
917 Oak Street Corp
Bought by
Caldom Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,500
Interest Rate
6.71%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 14, 2007
Sold by
Regions Bank
Bought by
917 Oakstreet Corp

Purchase Details

Closed on
Nov 15, 2006
Sold by
Hud
Bought by
Regions Bank and Regions Mortgage
Source: Public Records

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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
Gibbs Dyllon $590,000 Prestige Title
Lee Stefan $285,000 Title Experts Llc
Clove Lakes Development Of New Jersey $285,000 None Available
Caldom Investments Inc $150,000 None Available
917 Oakstreet Corp $127,000 Reliable Title Agency Inc
Regions Bank -- Reliable Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbs Dyllon $560,500
Previous Owner Lee Stefan $82,158
Previous Owner Lee Stefan $277,750
Previous Owner Caldom Investments Inc $285,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $590,000 +7.3% $228 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $550,000 -- $213 / 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
2024 $9,611 $257,800 $28,600 $229,200
2023 $9,631 $257,800 $28,600 $229,200
2022 $9,631 $257,800 $28,600 $229,200
2021 $9,626 $257,800 $28,600 $229,200
2020 $9,796 $257,800 $28,600 $229,200
2019 $9,696 $257,800 $28,600 $229,200
2018 $9,521 $257,800 $28,600 $229,200
2017 $9,178 $257,800 $28,600 $229,200
2016 $8,868 $257,800 $28,600 $229,200
2015 $8,531 $257,800 $28,600 $229,200
2014 $7,994 $257,800 $28,600 $229,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    JILLETTA D. RILEY-ABDULLAH

    REALTY MARK CENTRAL

See All Agents

Map

Source: Garden State MLS

MLS Number: 3879421

Garden State MLS

APN: 14-01779-0000-00063

New Jersey Essex County Newark 07103 Fairmount

224 S 7th St Unit 226, Newark, NJ

This home is located at 224 S 7th St Unit 226, Newark, NJ 07103 since 29 December 2023 and is currently estimated at $583,592, approximately $225 per square foot. This property was built in 1900. 224 S 7th St Unit 226 is a home located in Essex County with nearby schools including Louise A. Spencer School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

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