$821,500
SOLD FEB 3, 2025

38 Palm St Newark, NJ 07106

Upper Vailsburg Neighborhood
-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Recently Sold

1% Below List Price

71 Days on Market

About This Home

As of February 2025

This home is located at 38 Palm St, Newark, NJ 07106 and is currently priced at $821,500. 38 Palm St 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

ANTONIO COSTA

EXIT REALTY LUCKY ASSOCIATES Brokerage Phone: 908-289-7746 Listed on: 09/16/2024

Last Buyer's Agent

SHELDON ALFRED

LUXE LISTINGS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,048

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,048

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 38
  • I D: 5312922
  • Modified: 2025-02-04
  • Number Images: 3
  • Attribution Contact: 908-289-7746
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 35X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Feb 3, 2025
Sold by
European Construction Professionals Llc
Bought by
Coleman Tyler R and Rodriguez Yaskary
Seller's Agent
ANTONIO COSTA
EXIT REALTY LUCKY ASSOCIATES
Buyer's Agent
SHELDON ALFRED
LUXE LISTINGS
List Price
$829,000
Sold Price
$821,500
Premium/Discount to List
-$7,500
-0.9%
Total Days on Market
71
Views
18
Current Estimated Value
$776,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,420
Avg. Annual Appreciation
-21.36%
Original Mortgage
$799,256
Outstanding Balance
$795,149
Interest Rate
6.85%
Mortgage Type
FHA
Estimated Equity
-$75,350

Purchase Details

Listed on
Sep 16, 2024
Closed on
Jan 14, 2025
Sold by
Calo Development Llc
Bought by
European Construction Professionals Llc
Seller's Agent
ANTONIO COSTA
EXIT REALTY LUCKY ASSOCIATES
Buyer's Agent
SHELDON ALFRED
LUXE LISTINGS
List Price
$829,000
Sold Price
$821,500
Premium/Discount to List
-$7,500
-0.9%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,256
Outstanding Balance
$795,149
Interest Rate
6.85%
Mortgage Type
FHA
Estimated Equity
-$75,350

Purchase Details

Listed on
Jul 26, 2023
Closed on
Jan 17, 2024
Sold by
38 Palm Tyh Llc
Bought by
Calo Development Llc
Seller's Agent
ANTONIO COSTA
EXIT REALTY LUCKY ASSOCIATES
Buyer's Agent
ANTONIO COSTA
EXIT REALTY LUCKY ASSOCIATES
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%
Views
299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
336.10%

Purchase Details

Closed on
Aug 25, 2023
Sold by
Essex County Sheriff
Bought by
38 Palm Tyh Llc and City Of Newark
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 Type Sale Price Title Company
Deed $821,500 Stewart Title Guaranty Company
Deed -- American Land Title
Deed $175,000 None Listed On Document
Sheriffs Deed $125,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $799,256 FHA
Previous Owner $199,035 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Sold $821,500 -0.9% --
11/26/2024 11/26/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $829,000 +373.7% --
01/18/2024 01/18/24 Sold $175,000 -12.1% --
01/08/2024 01/08/24 Pending -- -- --
07/26/2023 07/26/23 For Sale $199,000 -- --
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 $1,048 $17,500 $17,500 --
2024 $1,048 $28,100 $17,500 $10,600
2022 $1,050 $28,100 $17,500 $10,600
2021 $1,049 $28,100 $17,500 $10,600
2020 $1,068 $28,100 $17,500 $10,600
2019 $1,057 $28,100 $17,500 $10,600
2018 $1,038 $28,100 $17,500 $10,600
2017 $0 $28,100 $17,500 $10,600
2016 $0 $28,100 $17,500 $10,600
2015 -- $28,100 $17,500 $10,600
2014 -- $28,100 $17,500 $10,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    ANTONIO COSTA

    EXIT REALTY LUCKY ASSOCIATES

  • S

    Buyer's Agent in 2025

    SHELDON ALFRED

    LUXE LISTINGS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3924195

Garden State MLS

APN: 14-04199-0000-00095

New Jersey Essex County Newark 07106 Upper Vailsburg

38 Palm St, Newark, NJ

This home is located at 38 Palm St, Newark, NJ 07106 and is currently priced at $821,500. 38 Palm St 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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