NOT LISTED FOR SALE

Estimated Value: $659,193 - $784,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold July 01, 2021

Last sale price $465,000

Est. 69% increase in value since last sale

Current estimated payment $5,238/month

114 Days on Market

About This Home

As of July 2021

This home is located at 318 7th Ave W, Newark, NJ 07107 since 24 February 2021 and is currently estimated at $700,298. 318 7th Ave W is a home located in Essex County with nearby schools including Dr. William H. Horton Elementary School, Franklin School, and First Avenue Elementary School.

Last Agent to Sell the Property

GIANE A. LUZ

ROSA AGENCY Brokerage Phone: 973-751-1000 Listed on: 02/24/2021

Last Buyer's Agent

MARISOL GONZALEZ

ROSA AGENCY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,841

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,841

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 318
  • I D: 5050223
  • Modified: 2022-07-02
  • Number Images: 1
  • Attribution Contact: 973-751-1000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2021
Closed on
Jun 25, 2021
Sold by
Matta Marianela
Bought by
Frias Leonardo D and Frias Julissa Martina
Seller's Agent
GIANE A. LUZ
ROSA AGENCY
Buyer's Agent
MARISOL GONZALEZ
ROSA AGENCY
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%
Current Estimated Value
$784,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,960
Avg. Annual Appreciation
10.56%
Original Mortgage
$456,577
Outstanding Balance
$416,065
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$284,233

Purchase Details

Closed on
May 15, 2015
Sold by
Colon Felix and Colon Mercedes
Bought by
Matta Marianela

Purchase Details

Closed on
Mar 20, 1980
Bought by
Colon Felix L and Colon Mercedes
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
Frias Leonardo D $465,000 Prestige Title Agency Inc
Matta Marianela -- --
Colon Felix L $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frias Leonardo D $456,577
Closed Frias Leonardo D $456,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2021 07/01/21 Sold $465,000 -2.1% --
06/18/2021 06/18/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $475,000 0.0% --
05/20/2021 05/20/21 For Sale $475,000 +8.2% --
02/24/2021 02/24/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $439,000 -- --
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 $10,841 $290,800 $17,800 $273,000
2024 $10,841 $290,800 $17,800 $273,000
2023 $10,864 $290,800 $17,800 $273,000
2022 $10,864 $290,800 $17,800 $273,000
2021 $8,185 $219,200 $17,800 $201,400
2020 $8,330 $219,200 $17,800 $201,400
2019 $8,244 $219,200 $17,800 $201,400
2018 $8,095 $219,200 $17,800 $201,400
2017 $7,804 $219,200 $17,800 $201,400
2016 $7,540 $219,200 $17,800 $201,400
2015 $7,253 $219,200 $17,800 $201,400
2014 $6,797 $219,200 $17,800 $201,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3693767

Garden State MLS

APN: 14-01911-0000-00001