NOT LISTED FOR SALE

447 Avon Ave Newark, NJ 07108

West Side Neighborhood

Estimated Value: $673,000 - $948,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold December 01, 2020

Last sale price $530,000

Est. 54% increase in value since last sale

Current estimated payment $5,792/month

3 Days on Market

About This Home

As of December 2020

This home is located at 447 Avon Ave, Newark, NJ 07108 since 16 October 2020 and is currently estimated at $815,922. 447 Avon Ave is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Louise A. Spencer School.

Last Agent to Sell the Property

CHRISTOPHER CLARK

CORNERSTONE REALTY ASSOCIATES Brokerage Phone: 973-856-6900 Listed on: 10/16/2020

Last Buyer's Agent

CHRISTOPHER CLARK

CORNERSTONE REALTY ASSOCIATES Brokerage Phone: 973-856-6900 Listed on: 10/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,146

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,146

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 447
  • I D: 5025459
  • Modified: 2021-12-02
  • Number Images: 1
  • Attribution Contact: 973-856-6900
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X99.7
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Nov 23, 2020
Sold by
Reid Enterprise Group Llc
Bought by
Wallace Edgar R
Seller's Agent
CHRISTOPHER CLARK
CORNERSTONE REALTY ASSOCIATES
Buyer's Agent
CHRISTOPHER CLARK
CORNERSTONE REALTY ASSOCIATES
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Current Estimated Value
$815,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,922
Avg. Annual Appreciation
9.87%
Original Mortgage
$520,400
Outstanding Balance
$465,190
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$362,900

Purchase Details

Closed on
Apr 11, 2020
Sold by
Ellis Lester
Bought by
Reid Enterprise Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,900
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 1987
Bought by
Ellis Lester
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 Buyer Sale Price Title Company
Wallace Edgar R $530,000 Montgomery Hills Ttl Svcs Ll
Reid Enterprise Group Llc $310,000 Madison Settlement Services
Ellis Lester -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Edgar R $520,400
Previous Owner Reid Enterprise Group Llc $298,900
Previous Owner Ellis Lester $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $530,000 +0.2% --
11/18/2020 11/18/20 Price Changed $529,000 -1.1% --
11/10/2020 11/10/20 Price Changed $535,000 -2.6% --
11/09/2020 11/09/20 Price Changed $549,000 0.0% --
11/09/2020 11/09/20 For Sale $549,000 +918.6% --
10/19/2020 10/19/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $53,900 -- --
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 $16,146 $433,100 $29,700 $403,400
2024 $16,146 $433,100 $29,700 $403,400
2022 $16,181 $433,100 $29,700 $403,400
2021 $16,172 $433,100 $29,700 $403,400
2020 $7,649 $201,300 $29,700 $171,600
2019 $7,571 $201,300 $29,700 $171,600
2018 $7,434 $201,300 $29,700 $171,600
2017 $7,166 $201,300 $29,700 $171,600
2016 $6,925 $201,300 $29,700 $171,600
2015 $6,661 $201,300 $29,700 $171,600
2014 $6,242 $201,300 $29,700 $171,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    CHRISTOPHER CLARK

    CORNERSTONE REALTY ASSOCIATES

See All Agents

Map

Source: Garden State MLS

MLS Number: 3672318

Garden State MLS

APN: 14-02636-0000-00029

New Jersey Essex County Newark 07103 West Side

447 Avon Ave, Newark, NJ

This home is located at 447 Avon Ave, Newark, NJ 07108 since 16 October 2020 and is currently estimated at $815,922. 447 Avon Ave is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Louise A. Spencer School.

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