NOT LISTED FOR SALE

241 S 7th St Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $534,403 - $569,000

-- Bed
-- Bath
-- Sq Ft
41 Sq Ft Lot

Last Sold August 22, 2017

Last sale price $85,555

Est. 547% increase in value since last sale

Current estimated payment $3,706/month

72 Days on Market

About This Home

As of August 2017

This home is located at 241 S 7th St, Newark, NJ 07103 since 03 January 2017 and is currently estimated at $553,468. This property was built in 1927. 241 S 7th St is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Harriet Tubman School.

Last Agent to Sell the Property

Bill Flagg

ERA QUEEN CITY REALTY Brokerage Phone: 908-322-5454 Listed on: 01/03/2017

Last Buyer's Agent

FLORIN HOXHA

WELCOME PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,329

Year Built

  • Built in 1927

Lot Details

  • 41 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,329

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Year Built: 1927
  • County Name: Essex
  • Street Number Display: 241
  • I D: 4679698
  • Modified: 2018-08-23
  • Number Images: 1
  • Attribution Contact: 908-322-5454
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 41.3X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2017
Closed on
Aug 22, 2017
Sold by
Department Of Housing & Urban Dev
Bought by
Blakaj Niman A and Noka Riza
Seller's Agent
Bill Flagg
ERA QUEEN CITY REALTY
Buyer's Agent
FLORIN HOXHA
WELCOME PROPERTIES
List Price
$70,000
Sold Price
$85,555
Premium/Discount to List
$15,555
22.22%
Total Days on Market
72
Current Estimated Value
$553,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,913
Avg. Annual Appreciation
26.98%

Purchase Details

Closed on
Mar 29, 2005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 16, 1996
Sold by
Fleet Finance
Bought by
Sarah Maine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
7.77%
Source: Public Records

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Range of Values:

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Average Value
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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
Blakaj Niman A $85,555 --
-- -- --
Sarah Maine $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clark John $295,075
Previous Owner Maine Sarah A $230,000
Previous Owner Maine Sarah A $14,127
Previous Owner Maine Sarah A $133,000
Previous Owner Sarah Maine $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2017 08/22/17 Sold $85,555 +22.2% --
03/16/2017 03/16/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $70,000 -- --
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 $7,329 $196,600 $28,300 $168,300
2022 $7,345 $196,600 $28,300 $168,300
2021 $7,341 $196,600 $28,300 $168,300
2020 $7,471 $196,600 $28,300 $168,300
2019 $7,394 $196,600 $28,300 $168,300
2018 $7,260 $196,600 $28,300 $168,300
2017 $6,999 $196,600 $28,300 $168,300
2016 $6,763 $196,600 $28,300 $168,300
2015 $6,505 $196,600 $28,300 $168,300
2014 $6,097 $196,600 $28,300 $168,300
Source: Public Records

Agents Affiliated with this Home

  • Bill Flagg

    Seller's Agent in 2017

    Bill Flagg

    ERA QUEEN CITY REALTY

    (908) 603-8040

    57 Total Sales

    Bill Flagg
    Section Image

  • F

    Buyer's Agent in 2017

    FLORIN HOXHA

    WELCOME PROPERTIES

See All Agents

Map

Source: Garden State MLS

MLS Number: 3356456

Garden State MLS

APN: 14-01780-0000-00023

New Jersey Essex County Newark 07103 Fairmount

241 S 7th St, Newark, NJ

This home is located at 241 S 7th St, Newark, NJ 07103 since 03 January 2017 and is currently estimated at $553,468. This property was built in 1927. 241 S 7th St is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Harriet Tubman School.

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