NOT LISTED FOR SALE

314 Lincoln Ave E Cranford, NJ 07016

Estimated Value: $794,000

-- Bed
-- Bath
1,584 Sq Ft
$501/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $650,000 $410 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,345/month

27 Days on Market

About This Home

As of May 2022

This home is located at 314 Lincoln Ave E, Cranford, NJ 07016 since 18 March 2022 and is currently estimated at $794,000, approximately $501 per square foot. This property was built in 1920. 314 Lincoln Ave E is a home located in Union County with nearby schools including Cranford Sr High School and St Michael School.

Last Agent to Sell the Property

Kevin Cascone

COLDWELL BANKER REALTY Brokerage Phone: 908-233-5555 Listed on: 03/18/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

SARAH CHU

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,367

Year Built

  • Built in 1920

Lot Details

  • 8,403 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,367

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Union
  • Street Number Display: 314
  • I D: 5136149
  • Modified: 2023-05-25
  • Number Images: 29
  • Attribution Contact: 908-233-5555
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 8403 SF
  • Total Acres: 0.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
May 23, 2022
Bought by
Cheng Connie
Seller's Agent
Kevin Cascone
COLDWELL BANKER REALTY
Buyer's Agent
SARAH CHU
WEICHERT REALTORS
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Current Estimated Value
$794,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,000
Avg. Annual Appreciation
4.28%
Original Mortgage
$552,500
Outstanding Balance
$529,322
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$212,678

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 12, 2018
Sold by
Stella Frank
Seller's Agent
Frank Carbonara
DAUNNO REALTY SERVICES LLC
Buyer's Agent
HOSAM MORSY
PRESTIGE PROPERTY GROUP LLC
List Price
$489,000
Sold Price
$467,500
Premium/Discount to List
-$21,500
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$350,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2016
Closed on
Apr 15, 2016
Sold by
Gadalla Eman
Bought by
Stella Frank
Seller's Agent
Michael Tejada
RE/MAX SELECT
List Price
$439,900
Sold Price
$420,000
Premium/Discount to List
-$19,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$420,000
Interest Rate
3.73%
Mortgage Type
VA

Purchase Details

Closed on
Feb 19, 2015
Sold by
Lee Lamont and Lee June
Bought by
Us Bank Na

Purchase Details

Closed on
Feb 25, 2005
Sold by
Bell James M
Bought by
Lee Lamont and Lee June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
8.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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
Cheng Connie $650,000 Trident Abstract Title
-- $467,500 Acres Land Title Agency Inc
Stella Frank $420,000 --
Us Bank Na $1,000 Attorney
Lee Lamont $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Connie $552,500
Previous Owner -- $324,800
Previous Owner -- $350,000
Previous Owner Stella Frank $420,000
Previous Owner Lee Lamont $352,750
Previous Owner Lee Lamont $274,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold $650,000 +4.0% $410 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $625,000 +33.7% $395 / Sq Ft
07/26/2018 07/26/18 Sold $467,500 -4.4% $295 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $489,000 +16.4% $309 / Sq Ft
04/15/2016 04/15/16 Sold $420,000 -4.5% $265 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $439,900 +150.9% $278 / Sq Ft
07/07/2015 07/07/15 Sold $175,299 -- $111 / 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
2024 $11,367 $170,500 $67,000 $103,500
2023 $11,367 $170,500 $67,000 $103,500
2022 $11,273 $170,500 $67,000 $103,500
2021 $11,224 $170,500 $67,000 $103,500
2020 $11,188 $170,500 $67,000 $103,500
2019 $11,117 $170,500 $67,000 $103,500
2018 $10,915 $170,500 $67,000 $103,500
2017 $10,540 $170,500 $67,000 $103,500
2016 $9,442 $158,500 $67,000 $91,500
2015 $9,195 $158,500 $67,000 $91,500
2014 -- $158,500 $67,000 $91,500
Source: Public Records

Agents Affiliated with this Home

  • Kevin Cascone

    Seller's Agent in 2022

    Kevin Cascone

    COLDWELL BANKER REALTY

    (908) 868-5185

    5 in this area

    61 Total Sales

    Kevin Cascone
    Section Image

  • S

    Buyer's Agent in 2022

    SARAH CHU

    WEICHERT REALTORS

  • F

    Seller's Agent in 2018

    Frank Carbonara

    DAUNNO REALTY SERVICES LLC

    (917) 744-7268

    1 in this area

    33 Total Sales

    Frank Carbonara
    Section Image

  • H

    Buyer's Agent in 2018

    HOSAM MORSY

    PRESTIGE PROPERTY GROUP LLC

  • Michael Tejada

    Seller's Agent in 2016

    Michael Tejada

    RE/MAX

    (908) 514-3466

    117 Total Sales

    Michael Tejada
    Section Image

  • A

    Seller's Agent in 2015

    ANEESAH ASHFORD

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3769877

Garden State MLS

APN: 03-00497-0000-00023

New Jersey Union County Cranford 07016

314 Lincoln Ave E, Cranford, NJ

This home is located at 314 Lincoln Ave E, Cranford, NJ 07016 since 18 March 2022 and is currently estimated at $794,000, approximately $501 per square foot. This property was built in 1920. 314 Lincoln Ave E is a home located in Union County with nearby schools including Cranford Sr High School and St Michael School.

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