NOT LISTED FOR SALE

226 Fairmount Ave Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $605,000 - $875,000

3 Beds
1 Bath
2,540 Sq Ft
$290/Sq Ft Est. Value

Last Sold March 05, 2022

Last sale price $550,000 $217 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,008/month

About This Home

As of June 2023

Newly renovated 3 bedroom apartment for rent! Near public transportation!

Last Agent to Rent the Property

Naeem Boucher

EXP Realty, LLC Listed on: 05/31/2023

EXP Realty, LLC

Last Renter's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,384

Year Built

  • 1947

Lot Details

  • 2,483

Home Design

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Baseboard Heating

Community Details

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,384

Year Built

1947

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: None
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Water
  • Reso Association Amenities: None
  • Reso Pets Allowed: No
  • Co List Office Phone: (866) 201-6210
  • MLS Status: Leased - Leased
  • Directions: South Orange Avenue to Fairmount Avenue
  • Reso Fireplace Features: None
  • Year Built Details: 1900-1939
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Utilities

  • Heating: Baseboard, Other Fuel Source/See Rmk

Lot Info

  • Lot: 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Mar 4, 2022
Sold by
226 Fairmount Ave Llc
Bought by
Summer Kristen
Buyer's Agent
NAEEM BOUCHER
EXP REALTY, LLC
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%
Current Estimated Value
$735,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,545
Avg. Annual Appreciation
8.61%
Original Mortgage
$540,038
Outstanding Balance
$503,244
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$232,301

Purchase Details

Listed on
May 6, 2015
Closed on
May 6, 2015
Sold by
Solomon Builders Llc
Bought by
Newark Investment Properties Llc
Seller's Agent
Alfredo Silva
KELLER WILLIAMS PARK VIEWS
Buyer's Agent
REAGAN B. MAGAT
CAPITAL REALTY EXCHANGE
Sold Price
$81,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.32%
Original Mortgage
$140,500
Interest Rate
3.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 2010
Sold by
Vogel Jonathan
Bought by
Solomon Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
4.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Vogel Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,050
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2003
Sold by
Vasquez Nolan
Bought by
Sosa Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,080
Interest Rate
5.9%

Purchase Details

Closed on
Jan 14, 2002
Sold by
Rodriguez Elsy Vicuna
Bought by
Vasquez Nolan

Purchase Details

Closed on
Mar 13, 2001
Sold by
Contimortgage Corp
Bought by
Rodriguez Elsy V
Source: Public Records

Range of Values:

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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
Summer Kristen $550,000 Ibrahim Wale
Newark Investment Properties Llc $81,000 None Available
Solomon Builders Llc -- Commonwealth Land Title Insu
Vogel Jonathan $153,500 Coastal Title Agency Inc
Sosa Jose $166,000 --
Vasquez Nolan $50,000 --
Rodriguez Elsy V $17,000 --
Rodriguez Elsy V $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summer Kristen $540,038
Previous Owner 226 Fairmount Ave Llc $320,000
Previous Owner 226 Fairmount Ave Llc $255,000
Previous Owner Alvarez Lydia $328,932
Previous Owner Newark Investment Properties Llc $140,500
Previous Owner Solomon Builders Llc $555,000
Previous Owner Vogel Jonathan $130,050
Previous Owner Sosa Jose $149,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Rented $1,900 0.0% --
05/31/2023 05/31/23 For Rent $1,900 0.0% --
08/18/2022 08/18/22 Rented $1,900 0.0% --
07/28/2022 07/28/22 For Rent $1,900 0.0% --
03/05/2022 03/05/22 Sold $550,000 +10.2% $217 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/11/2021 12/11/21 For Sale $499,000 +49.0% $196 / Sq Ft
10/17/2016 10/17/16 Sold $335,000 -4.3% $132 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $350,000 +332.1% $138 / Sq Ft
05/06/2015 05/06/15 Sold $81,000 -- $32 / Sq Ft
Source: New 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 $12,384 $332,200 $26,300 $305,900
2024 $12,384 $332,200 $26,300 $305,900
2022 $6,527 $174,700 $26,300 $148,400
2021 $6,523 $174,700 $26,300 $148,400
2020 $6,639 $174,700 $26,300 $148,400
2019 $6,570 $174,700 $26,300 $148,400
2018 $6,452 $174,700 $26,300 $148,400
2017 $4,066 $114,200 $26,300 $87,900
2016 $3,928 $114,200 $26,300 $87,900
2015 $3,779 $114,200 $26,300 $87,900
2014 $3,541 $114,200 $26,300 $87,900
Source: Public Records

Agents Affiliated with this Home

  • Naeem Boucher

    Landlord's Agent in 2023

    Naeem Boucher

    EXP Realty, LLC

    (973) 405-0095

    3 in this area

    76 Total Sales

    Naeem Boucher
    Section Image

  • O

    Tenant's Agent in 2023

    Outside Agent

    Outside Office

  • B

    Buyer's Agent in 2022

    Bianca Boucher

    EXP Realty, LLC

    (908) 443-1367

    8 Total Sales

    Bianca Boucher
    Section Image

  • R

    Seller's Agent in 2016

    REAGAN B. MAGAT

    CAPITAL REALTY EXCHANGE

  • Alfredo Silva

    Seller's Agent in 2015

    Alfredo Silva

    KELLER WILLIAMS PARK VIEWS

    (973) 715-4254

    48 Total Sales

    Alfredo Silva
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23016317

New Jersey MLS

APN: 14-00262-0000-00002

New Jersey Essex County Newark 07103 Fairmount

226 Fairmount Ave, Newark, NJ

This home is located at 226 Fairmount Ave, Newark, NJ 07103 since 31 May 2023 and is currently priced at $735,545. This property was built in 1947. 226 Fairmount Ave is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Cleveland Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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