NOT LISTED FOR SALE

40 Park Ave East Orange, NJ 07017

Estimated Value: $465,000 - $604,838

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold January 14, 2021

Last sale price $460,000

Est. 13% increase in value since last sale

Current estimated payment $3,998/month

1 Day on Market

About This Home

As of January 2021

This home is located at 40 Park Ave, East Orange, NJ 07017 since 12 January 2021 and is currently estimated at $521,710. 40 Park Ave is a home located in Essex County with nearby schools including Gordon Parks Academy Elementary School, Sojourner Truth Middle School, and John L Costley Middle School.

Last Agent to Sell the Property

Kerwin Lynch

RE/MAX FIRST REALTY II Brokerage Phone: 908-664-1500 Listed on: 01/12/2021

RE/MAX FIRST REALTY II

Last Buyer's Agent

Kerwin Lynch

RE/MAX FIRST REALTY II Brokerage Phone: 908-664-1500 Listed on: 01/12/2021

RE/MAX FIRST REALTY II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,854

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,854

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 40
  • I D: 5042182
  • Modified: 2022-01-15
  • Number Images: 1
  • Attribution Contact: 908-664-1500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 27X125
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2024
Sold by
M & T Bank
Bought by
Brisman Management Llc
Current Estimated Value
$521,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,400
Outstanding Balance
$408,275
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$96,609

Purchase Details

Closed on
Oct 3, 2023
Sold by
Essex County Sheriff
Bought by
Manufacturers & Traders Tr Co/ and Mckenzie

Purchase Details

Listed on
Jan 12, 2021
Closed on
Jan 13, 2021
Sold by
Waller Tolani
Bought by
Mckenzie Micheal A
Seller's Agent
Kerwin Lynch
RE/MAX FIRST REALTY II
Buyer's Agent
Kerwin Lynch
RE/MAX FIRST REALTY II
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
Original Mortgage
$451,668
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2017
Sold by
Burr Banks Catherine and Burr Essie B
Bought by
Waller Tolani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1976
Bought by
Burr Essie
Source: Public Records

Range of Values:

Collateral Analytics

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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
Brisman Management Llc $456,500 Madison Title
Manufacturers & Traders Tr Co/ -- None Listed On Document
Mckenzie Micheal A $460,000 Foundation Title Llc
Waller Tolani $90,000 First American Title Insuran
Burr Essie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brisman Management Llc $410,400
Previous Owner Mckenzie Micheal A $451,668
Previous Owner Waller Tolani $60,000
Previous Owner Waller Tolani $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $460,000 +2.2% --
01/13/2021 01/13/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $450,000 -- --
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 $13,854 $437,300 $63,700 $373,600
2024 $13,854 $437,300 $63,700 $373,600
2022 $12,708 $437,300 $63,700 $373,600
2021 $10,434 $188,300 $43,400 $144,900
2020 $10,300 $188,300 $43,400 $144,900
2019 $10,168 $188,300 $43,400 $144,900
2018 $10,042 $188,300 $43,400 $144,900
2017 $9,761 $188,300 $43,400 $144,900
2016 $9,359 $188,300 $43,400 $144,900
2015 $9,124 $188,300 $43,400 $144,900
2014 $8,992 $188,300 $43,400 $144,900
Source: Public Records

Agents Affiliated with this Home

  • Kerwin Lynch

    Seller's Agent in 2021

    Kerwin Lynch

    RE/MAX

    (973) 342-7006

    8 in this area

    43 Total Sales

    Kerwin Lynch
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3686992

Garden State MLS

APN: 05-00073-0000-00004

New Jersey Essex County East Orange 07017

40 Park Ave, East Orange, NJ

This home is located at 40 Park Ave, East Orange, NJ 07017 since 12 January 2021 and is currently estimated at $521,710. 40 Park Ave is a home located in Essex County with nearby schools including Gordon Parks Academy Elementary School, Sojourner Truth Middle School, and John L Costley Middle School.

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