NOT LISTED FOR SALE

38 Grand Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $409,000 - $538,000

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold July 06, 2017

Last sale price $75,000

Est. 577% increase in value since last sale

Current estimated payment $3,121/month

6 Days on Market

About This Home

As of July 2017

This home is located at 38 Grand Ave, Newark, NJ 07106 since 28 April 2017 and is currently estimated at $477,554. 38 Grand Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 04/28/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,101

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,101

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 38
  • I D: 4709059
  • Modified: 2018-07-07
  • Number Images: 1
  • Attribution Contact: 973-429-0990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 35X110
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2020
Sold by
Rj Buys Houses Llc
Bought by
Norman Properties Group Llc
Current Estimated Value
$507,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,076,000
Outstanding Balance
$3,643,573
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$3,166,019

Purchase Details

Listed on
Apr 28, 2017
Closed on
Jun 16, 2017
Sold by
Bayview Loan Servicing Llc
Bought by
Harness Homes Group Llc
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.68%

Purchase Details

Closed on
Sep 20, 2005
Sold by
Acevedo Eustacio
Bought by
White Bennie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,900
Interest Rate
5.93%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2001
Sold by
Knight William
Bought by
Reid Arecia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,250
Interest Rate
6.6%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Norman Properties Group Llc -- Os National Resware
Harness Homes Group Llc $75,000 None Available
White Bennie $200,000 --
Acevedo Eustasio $150,000 --
Reid Arecia $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norman Properties Group Llc $4,076,000
Previous Owner Acevedo Eustasio $196,900
Previous Owner Reid Arecia $108,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2017 07/06/17 Sold $75,000 0.0% --
05/04/2017 05/04/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $75,000 -- --
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 $4,101 $110,000 $13,000 $97,000
2024 $4,101 $110,000 $13,000 $97,000
2022 $4,110 $110,000 $13,000 $97,000
2021 $4,107 $110,000 $13,000 $97,000
2020 $4,180 $110,000 $13,000 $97,000
2019 $4,137 $110,000 $13,000 $97,000
2018 $4,062 $110,000 $13,000 $97,000
2017 $3,916 $110,000 $13,000 $97,000
2016 $3,784 $110,000 $13,000 $97,000
2015 $3,640 $110,000 $13,000 $97,000
2014 $3,411 $110,000 $13,000 $97,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    RALPH BARONE

    NJ REO ASSET MANAGEMENT & REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3383172

Garden State MLS

APN: 14-04206-0000-00035

New Jersey Essex County Newark 07106 Lower Vailsburg

38 Grand Ave, Newark, NJ

This home is located at 38 Grand Ave, Newark, NJ 07106 since 28 April 2017 and is currently estimated at $477,554. 38 Grand Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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