NOT LISTED FOR SALE

28 Chelsea Ave Newark, NJ 07106

Estimated Value: $550,461 - $678,000

5 Beds
3 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold October 31, 2022

Last sale price $440,000

Est. 42% increase in value since last sale

Current estimated payment $3,814/month

29 Days on Market

About This Home

As of October 2022

ATTENTION INVESTORS, 14-Unit portfolio for sale in Newark! 28 Chelsea Ave, a perfect 3-family for investors looking to add to their portfolio. Take advantage of this recently updated (2016) income producing property with spacious units and separate utilities. Enjoy your private driveway with additional off-street parking. Don't miss out on this investment opportunity located close to major highways, schools, parks and downtown. Must be sold as a package with MLS# 3772002, 3772018, 3772169 & 3772140. Reach out for more details!

Last Agent to Sell the Property

Erik Goldfarb

EXP Realty, LLC Listed on: 03/30/2022

EXP Realty, LLC

Last Buyer's Agent

Eric Eckhardt

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,108

Lot Details

  • 2,500

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 2,500 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00022 / 04208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,108

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, In Unit
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: Mountainview & S. Orange Avenues
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Mixedflr
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 6108.0
  • Tax Block: 04208
  • Tax Lot: 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2022
Sold by
Wainwright Properties Llc
Bought by
28 Chelsea Ave Llc
Current Estimated Value
$622,865

Purchase Details

Listed on
Apr 1, 2016
Closed on
Mar 9, 2016
Sold by
Fannie Mae
Bought by
Wainwright Properties Llc
Seller's Agent
Julio C Perez
LIBERTY REALTY, LLC.
Buyer's Agent
Julio C Perez
LIBERTY REALTY, LLC.
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.00%

Purchase Details

Closed on
Feb 17, 2015
Sold by
Fonroura Armando B
Bought by
Nationstar Mortgage Llc and Brown Sherry

Purchase Details

Closed on
Mar 4, 2004
Sold by
Campbell Petti
Bought by
Brown Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
5.67%

Purchase Details

Closed on
Jun 13, 2002
Sold by
Calloway Beatrice
Bought by
Petti Campbell Inc

Purchase Details

Closed on
Sep 1, 1992
Sold by
Johnson Mary
Bought by
Calloway Beatrice
Source: Public Records

Range of Values:

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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
28 Chelsea Ave Llc $440,000 None Listed On Document
Wainwright Properties Llc $80,000 Fortune Title Agency Inc
Nationstar Mortgage Llc $217,467 None Available
Brown Sherry $187,000 --
Petti Campbell Inc $60,000 --
Calloway Beatrice -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Sherry $168,300
Closed Nationstar Mortgage Llc --
Closed Wainwright Properties Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2022 10/31/22 Sold $440,000 +3.6% --
04/28/2022 04/28/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $424,900 +431.1% --
04/01/2016 04/01/16 Sold $80,000 -- -- View Prior Sale
Source: New Jersey 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 $6,099 $163,600 $11,300 $152,300
2024 $6,099 $163,600 $11,300 $152,300
2022 $6,112 $163,600 $11,300 $152,300
2021 $6,109 $163,600 $11,300 $152,300
2020 $6,217 $163,600 $11,300 $152,300
2019 $6,153 $163,600 $11,300 $152,300
2018 $6,042 $163,600 $11,300 $152,300
2017 $5,824 $163,600 $11,300 $152,300
2016 $5,628 $163,600 $11,300 $152,300
2015 $5,414 $163,600 $11,300 $152,300
2014 $5,073 $163,600 $11,300 $152,300
Source: Public Records

Agents Affiliated with this Home

  • Erik Goldfarb

    Seller's Agent in 2022

    Erik Goldfarb

    EXP Realty, LLC

    (862) 208-2287

    2 in this area

    72 Total Sales

    Erik Goldfarb
    Section Image
  • Eric Eckhardt

    Buyer's Agent in 2022

    Eric Eckhardt

    EXP Realty, LLC

    (732) 322-9335

    1 in this area

    38 Total Sales

    Eric Eckhardt
    Section Image
  • Julio C Perez

    Seller's Agent in 2016

    Julio C Perez

    LIBERTY REALTY, LLC.

    (917) 797-2423

    24 Total Sales

    Julio C Perez
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22010434

New Jersey MLS

APN: 14-04208-0000-00022

New Jersey Essex County Newark 07018

28 Chelsea Ave, Newark, NJ

This home is located at 28 Chelsea Ave, Newark, NJ 07106 since 30 March 2022 and is currently estimated at $622,865. 28 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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