NOT LISTED FOR SALE

242 Madison Ave Unit 244 Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $444,000 - $536,000

5 Beds
5 Baths
2,091 Sq Ft
$228/Sq Ft Est. Value

About This Home

This home is located at 242 Madison Ave Unit 244, Newark, NJ 07108 and is currently estimated at $477,062, approximately $228 per square foot. 242 Madison Ave Unit 244 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Louise A. Spencer School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2025
Sold by
Madison Place Realty Llc
Bought by
Rosenbaum Berel Z
Current Estimated Value
$477,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$426,033
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$51,030

Purchase Details

Closed on
May 25, 2021
Sold by
Garden Space Llc
Bought by
Madison Place Realty Llc

Purchase Details

Closed on
Jul 21, 2017
Sold by
Wells Fargo Bank Na
Bought by
Garden Space Llc

Purchase Details

Closed on
Apr 15, 2015
Sold by
Fontoura Armando B
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 30, 2003
Sold by
Sheffield James
Bought by
Parsons Darrell and Parsons Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,605
Interest Rate
5.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Rosenbaum Berel Z -- None Listed On Document
Madison Place Realty Llc -- None Listed On Document
Garden Space Llc $80,777 None Available
Wells Fargo Bank Na $166,650 None Available
Parsons Darrell $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosenbaum Berel Z $427,500
Previous Owner Parsons Darrell $152,605
Closed Wells Fargo Bank Na --
Source: Public Records

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 $5,242 $140,600 $7,100 $133,500
2024 $5,242 $140,600 $7,100 $133,500
2022 $5,253 $140,600 $7,100 $133,500
2021 $5,250 $140,600 $7,100 $133,500
2020 $5,343 $140,600 $7,100 $133,500
2019 $5,288 $140,600 $7,100 $133,500
2018 $5,192 $140,600 $7,100 $133,500
2017 $5,005 $140,600 $7,100 $133,500
2016 $4,837 $140,600 $7,100 $133,500
2015 $4,652 $140,600 $7,100 $133,500
2014 $4,360 $140,600 $7,100 $133,500
Source: Public Records

Map

New Jersey Essex County Newark 07108 Clinton Hill

242 Madison Ave Unit 244, Newark, NJ

Not Listed for Sale

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