NOT LISTED FOR SALE

231 S 7th St Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $473,000 - $603,000

-- Bed
-- Bath
-- Sq Ft
2,483 Sq Ft Lot

Last Sold February 28, 2019

Last sale price $130,000

Est. 303% increase in value since last sale

Current estimated payment $3,427/month

292 Days on Market

About This Home

As of February 2019

This home is located at 231 S 7th St, Newark, NJ 07103 since 28 April 2018 and is currently estimated at $523,266. This property was built in 1890. 231 S 7th St is a home located in Essex County with nearby schools including Louise A. Spencer School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

Last Buyer's Agent

YOE LOPEZ

HOWARD HANNA RAND REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,067

Year Built

  • Built in 1890

Lot Details

  • 2,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,067

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Year Built: 1890
  • County Name: Essex
  • I D: 4798867
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Newark 42 Llc
Bought by
Newark 42 Realty Llc
Current Estimated Value
$523,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,389,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2020
Sold by
Lake Properties 102 Llc
Bought by
Newark 42 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Listed on
May 13, 2016
Closed on
Sep 23, 2016
Sold by
Thompson Jeffrey
Bought by
Pescam Investment Llc
List Price
$50,000
Sold Price
$55,000
Premium/Discount to List
$5,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.78%

Purchase Details

Closed on
Oct 3, 2005
Sold by
Thompson Annie Lois Koonce
Bought by
Thompson Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,900
Interest Rate
7.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Newark 42 Realty Llc -- Old Republic National
Newark 42 Realty Llc -- Old Republic National
Newark 42 Realty Llc -- Old Republic National
Newark 42 Llc $205,000 Riverside Abstract Llc
Pescam Investment Llc $55,000 None Available
Thompson Jeffrey $179,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newark 42 Realty Llc $1,389,000
Previous Owner Newark 42 Llc $375,000
Previous Owner Thompson Jeffrey $179,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2019 02/28/19 Sold $130,000 0.0% --
02/14/2019 02/14/19 Pending -- -- --
04/28/2018 04/28/18 For Sale $130,000 +136.4% --
09/23/2016 09/23/16 Sold $55,000 +10.0% -- View Prior Sale
08/12/2016 08/12/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $50,000 -- --
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
2025 $8,067 $216,400 $26,300 $190,100
2024 $8,067 $216,400 $26,300 $190,100
2022 $8,085 $216,400 $26,300 $190,100
2021 $8,080 $216,400 $26,300 $190,100
2020 $8,223 $216,400 $26,300 $190,100
2019 $1,550 $41,200 $26,300 $14,900
2018 $1,522 $41,200 $26,300 $14,900
2017 $1,467 $41,200 $26,300 $14,900
2016 $1,417 $41,200 $26,300 $14,900
2015 $1,363 $41,200 $26,300 $14,900
2014 $1,278 $41,200 $26,300 $14,900
Source: Public Records

Agents Affiliated with this Home

  • Y

    Buyer's Agent in 2019

    YOE LOPEZ

    Rand Realty

See All Agents

Map

Source: Garden State MLS

MLS Number: 3465771

Garden State MLS

APN: 14-01780-0000-00018

New Jersey Essex County Newark 07103 Fairmount

231 S 7th St, Newark, NJ

Not Listed for Sale

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