NOT LISTED FOR SALE

229 Sunset Ave Unit 231 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $509,000 - $675,000

-- Bed
-- Bath
-- Sq Ft
4,792 Sq Ft Lot

Last Sold July 07, 2022

Last sale price $530,000

Est. 11% increase in value since last sale

Current estimated payment $3,599/month

43 Days on Market

About This Home

As of July 2022

This home is located at 229 Sunset Ave Unit 231, Newark, NJ 07106 since 10 May 2022 and is currently estimated at $586,522. This property was built in 1952. 229 Sunset Ave Unit 231 is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

Lipa Brach

KELLER WILLIAMS VALLEY REALTY Brokerage Phone: 732-564-6900 Listed on: 05/10/2022

KELLER WILLIAMS VALLEY REALTY

Last Buyer's Agent

Andres Crespo

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,838

Year Built

  • Built in 1952

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,838

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Year Built: 1952
  • County Name: Essex
  • Street Number Display: 229
  • I D: 5149375
  • Modified: 2023-07-08
  • Number Images: 1
  • Attribution Contact: 732-564-6900
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 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 REALTY
List Price
$469,000
Sold Price
$530,000
Premium/Discount to List
$61,000
13.01%
Total Days on Market
43
Current Estimated Value
$586,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,522
Avg. Annual Appreciation
3.52%
Original Mortgage
$450,500
Outstanding Balance
$431,719
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$154,803

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

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Range of Values:

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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
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 Change Sq Ft Price
07/07/2022 07/07/22 Sold $530,000 +1.0% --
06/22/2022 06/22/22 Pending -- -- --
06/03/2022 06/03/22 Price Changed $525,000 +11.9% --
05/10/2022 05/10/22 For Sale $469,000 -- --
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 $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

  • L

    Seller's Agent in 2022

    Lipa Brach

    KELLER WILLIAMS VALLEY REALTY

    (201) 932-2005

    6 in this area

    52 Total Sales

    Lipa Brach
    Section Image

  • A

    Buyer's Agent in 2022

    Andres Crespo

    COLDWELL BANKER REALTY

    (862) 881-0774

    2 in this area

    23 Total Sales

    Andres Crespo
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3780936

Garden State MLS

APN: 14-04075-01-00023

New Jersey Essex County Newark 07106 Lower Vailsburg

229 Sunset Ave Unit 231, Newark, NJ

This home is located at 229 Sunset Ave Unit 231, Newark, NJ 07106 since 10 May 2022 and is currently estimated at $586,522. This property was built in 1952. 229 Sunset Ave Unit 231 is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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