NOT LISTED FOR SALE

229-231 Sunset Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $532,000 - $642,000

5 Beds
3 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold July 07, 2022

Last sale price $530,000

Est. 10% increase in value since last sale

Current estimated payment $3,553/month

43 Days on Market

About This Home

As of July 2022

DON'T MISS THIS 2 FAMILY. ON A DOUBLE LOT, FIRST FLOOR: KITCHEN/ DINING ROOM, 2 BEDROOMS, AND FULL BATH, DUPLEXED WITH FULL FINISHED BASEMENT WITH A ADDITIONAL BIG ROOM AMD BATHROOM. SECOND FLOOR: KITCHEN/ DINING ROOM, 2 BEDROOMS, AND FULL BATH, AND ANOTHER BIG ROOM ON THE 3RD FLOOR. COMES WITH A HUGE DRIVEWAY WITH PLENTY OF OFF STREET PARKING AND 5 CAR GARBAGES AVAILABLE IN THE BACK OF THE HOUSE. WASHER DRYER HOOKUP IN THE BASMENT, SEPARATE UTILITIES, COME GRAB IT BEFORE ITS GONE.

Last Agent to Sell the Property

Lipa Brach

Keller Williams Valley Realty Listed on: 05/09/2022

Keller Williams Valley Realty

Last Buyer's Agent

Andres Crespo

Coldwell Banker, Wayne

Coldwell Banker, Wayne

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,950

Lot Details

  • 5,001

Parking

  • 5 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 5,001 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00023 / 04075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,950

Lot Details

0

Parking

5

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (201) 932-2005
  • MLS Status: Sold - Sold
  • Directions: use waze
  • Architectural Style: 2 Family
  • Year Built Details: 1950's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 5.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 5950.0
  • Tax Block: 04075
  • Tax Lot: 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Jul 6, 2022
Sold by
229-231 Sunset Avenue Llc
Bought by
Rivera Alfredo Omar and Rivera Jonathon Michael
Seller's Agent
Lipa Brach
Keller Williams Valley Realty
Buyer's Agent
Andres Crespo
Coldwell Banker, Wayne
List Price
$469,000
Sold Price
$530,000
Premium/Discount to List
$61,000
13.01%
Current Estimated Value
$582,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,196
Avg. Annual Appreciation
2.82%
Original Mortgage
$450,500
Outstanding Balance
$428,637
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$153,559

Purchase Details

Closed on
Nov 30, 2004
Sold by
Bowers Sylvia
Bought by
Holland Otis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.69%

Purchase Details

Closed on
Feb 20, 1991
Sold by
Pennington Eric and Pennington Ellen
Bought by
Bowers Sylvia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rivera Alfredo Omar $530,000 Westcor Land Title
Holland Otis $170,000 --
Bowers Sylvia $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Alfredo Omar $450,500
Previous Owner Holland Otis $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $530,000 +13.0% --
06/29/2022 06/29/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $469,000 -- --
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 $5,838 $156,600 $23,100 $133,500
2024 $5,838 $156,600 $23,100 $133,500
2022 $5,851 $156,600 $23,100 $133,500
2021 $5,847 $156,600 $23,100 $133,500
2020 $5,951 $156,600 $23,100 $133,500
2019 $5,890 $156,600 $23,100 $133,500
2018 $5,783 $156,600 $23,100 $133,500
2017 $5,575 $156,600 $23,100 $133,500
2016 $5,387 $156,600 $23,100 $133,500
2015 $5,182 $156,600 $23,100 $133,500
2014 $4,856 $156,600 $23,100 $133,500
Source: Public Records

Agents Affiliated with this Home

  • Lipa Brach

    Seller's Agent in 2022

    Lipa Brach

    Keller Williams Valley Realty

    (201) 932-2005

    6 in this area

    56 Total Sales

    Lipa Brach
    Section Image

  • A

    Buyer's Agent in 2022

    Andres Crespo

    Coldwell Banker, Wayne

    (862) 881-0774

    2 in this area

    23 Total Sales

    Andres Crespo
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22017747

New Jersey MLS

APN: 14-04075-01-00023

New Jersey Essex County Newark 07106 Lower Vailsburg

229-231 Sunset Ave, Newark, NJ

Not Listed for Sale

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