NOT LISTED FOR SALE

254 Franklin St Bloomfield, NJ 07003

Silver Lake Neighborhood

Estimated Value: $704,000 - $742,000

-- Bed
-- Bath
-- Sq Ft
31 Sq Ft Lot

Last Sold April 05, 2024

Last sale price $690,000

Est. 5% increase in value since last sale

Current estimated payment $5,092/month

52 Days on Market

About This Home

As of April 2024

This home is located at 254 Franklin St, Bloomfield, NJ 07003 since 20 March 2023 and is currently estimated at $721,081. This property was built in 1922. 254 Franklin St is a home located in Essex County with nearby schools including Berkeley School, Bloomfield Middle School, and Bloomfield High School.

Last Listed By

BISHOY MEGALLA

KELLER WILLIAMS TEAM REALTY Brokerage Phone: 973-253-2800 Listed on: 03/20/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,677

Year Built

  • 1922

Lot Details

  • 31 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,677

Year Built

1922

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 254
  • I D: 5209845
  • Modified: 2025-04-06
  • Number Images: 1
  • Attribution Contact: 973-253-2800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Lot Info

  • Lot Size: 31 X 131
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Apr 4, 2024
Sold by
Cepeda Octavio and Acevedo Obdulia
Bought by
Pithwa Jigar and Pithwa Purvi
Seller's Agent
BISHOY MEGALLA
KELLER WILLIAMS TEAM REALTY
Buyer's Agent
SHANTILAL N. PATEL
LIVX
List Price
$629,999
Sold Price
$690,000
Premium/Discount to List
$60,001
9.52%
Total Days on Market
52
Views
304
Current Estimated Value
$721,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,081
Avg. Annual Appreciation
3.98%

Purchase Details

Closed on
May 26, 2005
Sold by
Wilks Hazel
Bought by
Cepeda Octavio and Acevedo Obdulia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Pithwa Jigar $690,000 Cornerstone Title Agency
Cepeda Octavio $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pithwa Jigar $350,000
Previous Owner Cepeda Octavio $43,430
Previous Owner Cepeda Octavio $365,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $690,000 +9.5% --
05/17/2023 05/17/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $629,999 -- --
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 $12,677 $387,900 $106,500 $281,400
2022 $12,421 $387,900 $106,500 $281,400
2021 $12,192 $387,900 $106,500 $281,400
2020 $12,006 $387,900 $106,500 $281,400
2019 $12,389 $311,200 $105,000 $206,200
2018 $12,336 $311,200 $105,000 $206,200
2017 $12,149 $311,200 $105,000 $206,200
2016 $12,012 $311,200 $105,000 $206,200
2015 $11,903 $311,200 $105,000 $206,200
2014 $11,686 $311,200 $105,000 $206,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    BISHOY MEGALLA

    KELLER WILLIAMS TEAM REALTY

  • A

    Seller Co-Listing Agent in 2024

    ARTURO MARTINEZ

    KELLER WILLIAMS TEAM REALTY

    (973) 253-2800

    1 in this area

    21 Total Sales

    ARTURO MARTINEZ
    Section Image

  • S

    Buyer's Agent in 2024

    SHANTILAL N. PATEL

    LIVX

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Map

Source: Garden State MLS

MLS Number: 3833916

Garden State MLS

APN: 02-00331-0000-00021

New Jersey Essex County Bloomfield 07003 Silver Lake

254 Franklin St, Bloomfield, NJ

Homes for Sale in Bloomfield, NJ

This home is located at 254 Franklin St, Bloomfield, NJ 07003 since 20 March 2023 and is currently estimated at $721,081. This property was built in 1922. 254 Franklin St is a home located in Essex County with nearby schools including Berkeley School, Bloomfield Middle School, and Bloomfield High School.

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