$227,000
SOLD DEC 16, 2019
-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Recently Sold

91% Below List Price

266 Days on Market

About This Home

As of December 2019

This home is located at 40 Vermont Ave, Newark, NJ 07106 and is currently priced at $227,000. This property was built in 1907. 40 Vermont 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

Donald Barber

BROOKMAN REALTY Brokerage Phone: 973-344-8880 Listed on: 01/08/2019

BROOKMAN REALTY

Last Buyer's Agent

Donald Barber

BROOKMAN REALTY Brokerage Phone: 973-344-8880 Listed on: 01/08/2019

BROOKMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,507

Year Built

  • Built in 1907

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,507

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • County Name: Essex
  • Street Number Display: 40
  • I D: 4861787
  • Modified: 2020-12-17
  • Number Images: 1
  • Attribution Contact: 973-344-8880
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 34X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2021
Sold by
Lefkowitz Ratzi Z
Bought by
40 Vermont Holdings Llc
Current Estimated Value
$547,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Outstanding Balance
$282,463
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$247,656

Purchase Details

Closed on
Jun 15, 2020
Sold by
40 Vermont H Llc
Bought by
Lefkowitz Ratzi Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2019
Closed on
Dec 13, 2019
Sold by
Simpson Claudette
Bought by
40 Vermont H Llc
Seller's Agent
Donald Barber
BROOKMAN REALTY
Buyer's Agent
Donald Barber
BROOKMAN REALTY
List Price
$2,600,000
Sold Price
$227,000
Premium/Discount to List
-$2,373,000
-91.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.95%
Original Mortgage
$265,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 30, 2017
Sold by
Sathityamurthy Rajeve and Sital Celina M
Bought by
Simpson Claudette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,570
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 27, 2014
Closed on
Nov 4, 2014
Sold by
Global Equity Holdings Llc
Bought by
Sathiyamurthy Rajeve and Sathiyamurthy Sital
Seller's Agent
RACHELE JEANLOUIS
HOMEQUEST REALTY GROUP LLC
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$240,562
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 27, 2014
Closed on
Oct 27, 2014
Sold by
Global Equity Holdin
Bought by
Sathiyamurthy Rajeve and Sathiyamurthy Sital C
Seller's Agent
RACHELE JEANLOUIS
HOMEQUEST REALTY GROUP LLC
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,562
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 11, 2013
Closed on
Sep 6, 2013
Sold by
Federal National Mor
Bought by
Global Equity Holdin
Seller's Agent
LARRY SHARPE
SHARPE REALTY INC./MAPLEWOOD
Buyer's Agent
LARRY SHARPE
SHARPE REALTY INC./MAPLEWOOD
Sold Price
$83,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
181.51%

Purchase Details

Closed on
Apr 30, 2007
Sold by
Odukale Abiodun and Odukale Shakirat
Bought by
Rock Lillie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2001
Sold by
Hud
Bought by
Odukale Abioudun and Shkirat Odukale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,700
Interest Rate
6.85%

Purchase Details

Closed on
Aug 26, 1994
Sold by
Herns Realty
Bought by
Darko Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.5%

Purchase Details

Closed on
Jan 13, 1994
Sold by
Hud
Bought by
Herns Realty

Purchase Details

Closed on
Apr 12, 1993
Sold by
Fontoura Armando B Sheriff
Bought by
Hud

Purchase Details

Closed on
Feb 7, 1989
Sold by
Edwards Linnett J
Bought by
Edwards Clive A and Edwards Bowen,Harris E
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 -- Dekel Abstract Llc
Bargain Sale Deed -- Meister Abstract Corp
Deed $227,000 None Available
Deed $355,000 Stewart Title Guaranty Compa
Deed $245,000 --
Deed $245,000 --
Deed $245,000 --
Deed $245,000 --
Deed $83,500 --
Deed $280,000 Commonwealth
Deed $50,501 --
Deed $82,000 --
Deed $13,500 --
Sheriffs Deed $100 --
Quit Claim Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $311,500 Commercial
Previous Owner $285,000 New Conventional
Previous Owner $265,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $348,570 FHA
Previous Owner $240,562 FHA
Previous Owner $240,562 FHA
Previous Owner $240,562 FHA
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $69,700 No Value Available
Previous Owner $80,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $227,000 -91.3% --
10/01/2019 10/01/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $2,600,000 +961.2% --
10/27/2014 10/27/14 Sold $245,000 +193.4% --
10/11/2013 10/11/13 Sold $83,500 -- --
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 $8,507 $228,200 $17,400 $210,800
2024 $8,507 $228,200 $17,400 $210,800
2022 $8,526 $228,200 $17,400 $210,800
2021 $8,521 $228,200 $17,400 $210,800
2020 $8,672 $228,200 $17,400 $210,800
2019 $8,583 $228,200 $17,400 $210,800
2018 $5,410 $146,500 $17,400 $129,100
2017 $5,215 $146,500 $17,400 $129,100
2016 $5,040 $146,500 $17,400 $129,100
2015 $4,848 $146,500 $17,400 $129,100
2014 $4,543 $146,500 $17,400 $129,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3524032

Garden State MLS

APN: 14-04035-0000-00024