$425,000
SOLD MAY 16, 2025
3 Beds
2 Baths
1,196 Sq Ft
0.66 Acres

Recently Sold

$355 Per Sq Ft

7% Above List Price

16 Days on Market

About This Home

As of May 2025

This home is located at 38 Penn Ave, Newton, NJ 07860 and is currently priced at $425,000, approximately $355 per square foot. This property was built in 1972. 38 Penn Ave is a home located in Sussex County with nearby schools including Florence M. Burd School, Long Pond School, and Reverand George A. Brown School.

Last Agent to Sell the Property

Kathleen Hill

RE/MAX HERITAGE PROPERTIES Brokerage Phone: 973-598-1700 Listed on: 03/19/2025

Last Buyer's Agent

Tamblyn Abrusci

RE/MAX HERITAGE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,528

Year Built

  • Built in 1972

Lot Details

  • 0.66 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,528

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • County Name: Sussex
  • Street Number Display: 38
  • I D: 5296724
  • Modified: 2025-05-19
  • Number Images: 0
  • Attribution Contact: 973-598-1700
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 120X250
  • Total Acres: 0.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2025
Closed on
May 16, 2025
Sold by
Cedro Vincent J and Cedro Kelsi E
Bought by
Basile Timothy Michael
Seller's Agent
Kathleen Hill
RE/MAX HERITAGE PROPERTIES
Buyer's Agent
Tamblyn Abrusci
RE/MAX HERITAGE PROPERTIES
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%
Views
79
Current Estimated Value
$427,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,207
Avg. Annual Appreciation
1.74%
Original Mortgage
$400,000
Outstanding Balance
$400,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$27,207

Purchase Details

Listed on
May 7, 2020
Closed on
Jul 17, 2020
Sold by
Hanson Sara A
Bought by
Cedro Vincent J and Cedro Kelsi E
Seller's Agent
SHANNON HARFORD
HARFORD REAL ESTATE
Buyer's Agent
Kathleen Hill
RE/MAX HERITAGE PROPERTIES
List Price
$284,900
Sold Price
$284,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%
Original Mortgage
$287,777
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2012
Sold by
Hanson Sara A
Bought by
Hanson Sara A
Source: Public Records

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Range of Values:

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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 $425,000 Title Lines
Deed $284,900 Title On Demand Of Nj Inc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $287,777 New Conventional
Previous Owner $75,000 Credit Line Revolving
Previous Owner $101,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $425,000 +6.5% $355 / Sq Ft
04/07/2025 04/07/25 Pending -- -- --
03/22/2025 03/22/25 For Sale $399,000 +40.0% $334 / Sq Ft
07/22/2020 07/22/20 Sold $284,900 0.0% $238 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $284,900 -- $238 / 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 $8,528 $210,000 $81,600 $128,400
2023 $8,528 $210,000 $81,600 $128,400
2022 $8,173 $210,000 $81,600 $128,400
2021 $8,056 $210,000 $81,600 $128,400
2020 $7,848 $210,000 $81,600 $128,400
2019 $7,665 $210,000 $81,600 $128,400
2018 $7,545 $210,000 $81,600 $128,400
2017 $7,384 $210,000 $81,600 $128,400
2016 $6,896 $210,000 $81,600 $128,400
2015 $7,715 $223,600 $108,100 $115,500
2014 $7,542 $223,600 $108,100 $115,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3951725

Garden State MLS

APN: 02-00056-0000-00011