NOT LISTED FOR SALE

228 Locust Ave Garwood, NJ 07027

Estimated Value: $502,000 - $604,824

2 Beds
2 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold May 02, 2024

Last sale price $520,000

Est. 9% increase in value since last sale

Current estimated payment $3,944/month

65 Days on Market

About This Home

As of May 2024

This home is located at 228 Locust Ave, Garwood, NJ 07027 since 17 January 2024 and is currently estimated at $568,456. This property was built in 1926. 228 Locust Ave is a home located in Union County with nearby schools including Lincoln Franklin Elementary, Lightbridge Academy of Westfield, and Christopher Academy Montessori.

Last Agent to Sell the Property

Steven Merlo

NEXTHOME NEW PROSPECTS REALTY Brokerage Phone: 908-490-8866 Listed on: 01/17/2024

NEXTHOME NEW PROSPECTS REALTY

Last Buyer's Agent

MICHELLE PAIS

SIGNATURE REALTY NJ

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,446

Year Built

  • Built in 1926

Lot Details

  • 5,227 Sq Ft Lot

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,446

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Year Built: 1926
  • County Name: Union
  • Street Number Display: 228
  • I D: 5254199
  • Modified: 2025-05-03
  • Number Images: 1
  • Attribution Contact: 908-490-8866
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 40X125
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
May 2, 2024
Sold by
Yarusi Abigail C
Bought by
Iorillo Dylan and Iorillo Alexa
Seller's Agent
Steven Merlo
NEXTHOME NEW PROSPECTS REALTY
Buyer's Agent
MICHELLE PAIS
SIGNATURE REALTY NJ
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%
Views
224
Current Estimated Value
$568,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,456
Avg. Annual Appreciation
4.55%
Original Mortgage
$510,581
Outstanding Balance
$505,720
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$45,737

Purchase Details

Closed on
May 10, 2005
Sold by
Yarusi Raymond
Bought by
Yarusi Abigail
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
Iorillo Dylan $520,000 Investment Title
Yarusi Abigail -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iorillo Dylan $510,581
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2024 05/02/24 Sold $520,000 -4.4% --
03/26/2024 03/26/24 Pending -- -- --
02/27/2024 02/27/24 Price Changed $544,000 -0.9% --
01/21/2024 01/21/24 For Sale $549,000 -- --
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
2024 $10,446 $386,300 $194,000 $192,300
2023 $10,446 $386,300 $194,000 $192,300
2022 $10,167 $386,300 $194,000 $192,300
2021 $9,882 $386,300 $194,000 $192,300
2020 $9,723 $386,300 $194,000 $192,300
2019 $9,018 $89,100 $33,900 $55,200
2018 $8,825 $89,100 $33,900 $55,200
2017 $8,612 $89,100 $33,900 $55,200
2016 $8,390 $89,100 $33,900 $55,200
2015 $8,032 $89,100 $33,900 $55,200
2014 $7,735 $89,100 $33,900 $55,200
Source: Public Records

Agents Affiliated with this Home

  • Steven Merlo

    Seller's Agent in 2024

    Steven Merlo

    NEXTHOME NEW PROSPECTS REALTY

    (908) 403-0300

    1 in this area

    26 Total Sales

    Steven Merlo
    Section Image

  • M

    Buyer's Agent in 2024

    MICHELLE PAIS

    SIGNATURE REALTY NJ

See All Agents

Map

Source: Garden State MLS

MLS Number: 3881964

Garden State MLS

APN: 06-00511-0000-00021

New Jersey Union County Garwood 07027

228 Locust Ave, Garwood, NJ

This home is located at 228 Locust Ave, Garwood, NJ 07027 since 17 January 2024 and is currently estimated at $568,456. This property was built in 1926. 228 Locust Ave is a home located in Union County with nearby schools including Lincoln Franklin Elementary, Lightbridge Academy of Westfield, and Christopher Academy Montessori.

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