NOT LISTED FOR SALE

24 Franklin Ave Maplewood, NJ 07040

Estimated Value: $775,565 - $898,000

-- Bed
-- Bath
2,266 Sq Ft
$368/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $675,000 $298 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,470/month

38 Days on Market

About This Home

As of June 2023

This home is located at 24 Franklin Ave, Maplewood, NJ 07040 since 15 March 2023 and is currently estimated at $834,641, approximately $368 per square foot. This property was built in 1915. 24 Franklin Ave is a home located in Essex County with nearby schools including Tuscan Elementary School, Maplewood Middle School, and Columbia Senior High School.

Last Agent to Sell the Property

Sean Quinn

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-310-6816 Listed on: 03/15/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

SHERILL LACY

PROMINENT PROPERTIES SIR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,493

Year Built

  • Built in 1915

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,493

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Year Built: 1915
  • County Name: Essex
  • Street Number Display: 24
  • I D: 5206712
  • Modified: 2024-07-01
  • Number Images: 22
  • Attribution Contact: 973-310-6816
  • 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
Mar 15, 2023
Closed on
Jun 28, 2023
Sold by
Duke Claire V
Bought by
Berlier Partners I Llc
Seller's Agent
Sean Quinn
COMPASS NEW JERSEY, LLC
Buyer's Agent
SHERILL LACY
PROMINENT PROPERTIES SIR
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Total Days on Market
38
Views
290
Current Estimated Value
$834,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,641
Avg. Annual Appreciation
11.50%
Original Mortgage
$506,250
Outstanding Balance
$496,635
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$338,006

Purchase Details

Closed on
May 25, 2007
Sold by
Peterson Edward
Bought by
Duke Claire

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2007
Sold by
Peterson Edward
Bought by
Peterson Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2004
Sold by
Aurelien Jean
Bought by
Peterson Edward and Peterson Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,600
Interest Rate
5.89%

Purchase Details

Closed on
May 21, 2002
Sold by
Osakwe Loretta
Bought by
Aurelien Jean and Marie Charles +

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,752
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1995
Sold by
Morgan Betty Lou
Bought by
Osakwe Loretta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
7.62%
Mortgage Type
FHA
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
Berlier Partners I Llc $675,000 Acres Land Title
Duke Claire $425,000 Chicago Title Insurance Co
Peterson Edward J -- Stewart Title & Guaranty Co
Peterson Edward $362,000 --
Aurelien Jean $275,000 --
Osakwe Loretta $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berlier Partners I Llc $506,250
Previous Owner Duke Claire $340,000
Previous Owner Duke Claire $42,500
Previous Owner Peterson Edward $345,000
Previous Owner Peterson Edward $289,600
Previous Owner Aurelien Jean $270,752
Previous Owner Osakwe Loretta $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $675,000 -10.0% $298 / Sq Ft
04/22/2023 04/22/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $750,000 -- $331 / Sq Ft
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 $12,493 $662,300 $242,500 $419,800
2023 $12,182 $345,500 $166,000 $179,500
2022 $12,182 $345,500 $166,000 $179,500
2021 $11,813 $345,500 $166,000 $179,500
2020 $11,478 $345,500 $166,000 $179,500
2019 $11,146 $345,500 $166,000 $179,500
2018 $10,859 $345,500 $166,000 $179,500
2017 $10,534 $345,500 $166,000 $179,500
2016 $11,995 $325,500 $121,000 $204,500
2015 $11,718 $325,500 $121,000 $204,500
2014 $11,471 $325,500 $121,000 $204,500
Source: Public Records

Agents Affiliated with this Home

  • Sean Quinn

    Seller's Agent in 2023

    Sean Quinn

    COMPASS NEW JERSEY, LLC

    (973) 699-1917

    2 in this area

    54 Total Sales

    Sean Quinn
    Section Image

  • S

    Buyer's Agent in 2023

    SHERILL LACY

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3833137

Garden State MLS

APN: 11-00049-15-00072

New Jersey Essex County Maplewood 07040

24 Franklin Ave, Maplewood, NJ

This home is located at 24 Franklin Ave, Maplewood, NJ 07040 since 15 March 2023 and is currently estimated at $834,641, approximately $368 per square foot. This property was built in 1915. 24 Franklin Ave is a home located in Essex County with nearby schools including Tuscan Elementary School, Maplewood Middle School, and Columbia Senior High School.

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