NOT LISTED FOR SALE

31 Val Sumo Ln Newark, NJ 07105

North Ironbound Neighborhood

Estimated Value: $544,000 - $609,997

4 Beds
2.5 Baths
2,088 Sq Ft
$130/mo HOA Fee

Last Sold June 29, 2021

Last sale price $340,000 $163 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,739/month

135 Days on Market

About This Home

As of June 2021

Wonderful opportunity to by a Condo in Newark. This tri level 3 bed, 2 & 1 half bath property has a spacious open floor plan, eat in kitchen, finished basement, private back yard area, and the third floor has room for a family room or home office. Property comes with deeded 2 parking spaces has central air and with the right vision can become a dream home. Don't wait come see this today.

Last Agent to Sell the Property

RYAN KNAB

COLDWELL BANKER REALTY FLE Listed on: 01/05/2021

Last Buyer's Agent

Randolfo Cruz

WEICHERT REALTORS

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,762

Year Built

  • Built in 2005

Lot Details

  • 871

HOA Fees

  • $130 Monthly HOA Fees

Interior Spaces

  • 2,088 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Parking Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 1614-02013-0002-00004-0000-

Community Details

Overview

  • Association fees include snow removal, trash collection

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,762

Year Built

Built in 2005

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Style: Multi Floor Unit
  • Primary Style: Multi Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2005
  • Year Built Description: Approximate
  • County Name: Essex
  • Directions: Ferry st to Val Sumo Lane
  • I D: 5040399
  • First Name: RYAN
  • First Name3: RANDOLFO
  • Last Name: KNAB
  • Last Name3: CRUZ
  • Office Phone3: 908-687-4800
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas
  • Bedrooms: 4
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Kitchen Area: Not Eat-In Kitchen
  • Estimated Sq Ft: 2088
  • Phone: 201-461-5000

Exterior Features

  • Exterior Description: Stucco
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 2
  • Parking Driveway Description: Assigned

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water

Condo/Co-op/Association

  • Association Maintenance Fee: 130
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Snow Removal, Trash Collection

Lot Info

  • Lot Size: 660 SF
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.02

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7762
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-02013-0002-00004-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.761
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
May 18, 2021
Sold by
Vrmtg Asset Trust
Bought by
Velarde Humberto and Velarde Betty
Seller's Agent
RYAN KNAB
COLDWELL BANKER REALTY FLE
Buyer's Agent
Randolfo Cruz
WEICHERT REALTORS
List Price
$334,900
Sold Price
$340,000
Premium/Discount to List
$5,100
1.52%
Current Estimated Value
$571,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,499
Avg. Annual Appreciation
11.98%
Original Mortgage
$323,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2012
Sold by
Andrade Marco I and Andrade Esthela A
Bought by
Andrade Marco I

Purchase Details

Closed on
Sep 12, 2005
Sold by
Sumo Companies Inc
Bought by
Andrade Marco and Andrade Esthela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,320
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Velarde Humberto $340,000 Fortune Title Agency Inc
Andrade Marco I -- None Available
Andrade Marco $332,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Velarde Humberto $323,000
Previous Owner Andrade Marco $266,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2021 06/29/21 Sold $340,000 0.0% $163 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
03/20/2021 03/20/21 Price Changed $339,900 +1.5% $163 / Sq Ft
01/05/2021 01/05/21 For Sale $334,900 -- $160 / 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
2025 $7,695 $206,400 $55,000 $151,400
2024 $7,695 $206,400 $55,000 $151,400
2022 $7,711 $206,400 $55,000 $151,400
2021 $7,707 $206,400 $55,000 $151,400
2020 $7,843 $206,400 $55,000 $151,400
2019 $7,763 $206,400 $55,000 $151,400
2018 $7,622 $206,400 $55,000 $151,400
2017 $7,348 $206,400 $55,000 $151,400
2016 $7,100 $206,400 $55,000 $151,400
2015 $6,830 $206,400 $55,000 $151,400
2014 $6,400 $206,400 $55,000 $151,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    RYAN KNAB

    COLDWELL BANKER REALTY FLE

  • R

    Buyer's Agent in 2021

    Randolfo Cruz

    WEICHERT REALTORS

    (908) 884-7790

    1 in this area

    7 Total Sales

    Randolfo Cruz
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Map

Source: Garden State MLS

MLS Number: 3685550

Garden State MLS

APN: 14-02013-02-00004

New Jersey Essex County Newark 07105 North Ironbound

31 Val Sumo Ln, Newark, NJ

Not Listed for Sale

Condos

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