NOT LISTED FOR SALE

48 Berkeley Ave Unit 50 Newark, NJ 07104

Forest Hill Neighborhood

Estimated Value: $643,306 - $842,000

6 Beds
3 Baths
2,600 Sq Ft
$288/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $450,000 $173 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,650/month

49 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Den
  • Recreation Room
  • Attic
  • Beamed Ceilings

About This Home

As of April 2017

Known as the M.L. Lusk House, this gracious Mediterranean Colonial is located on a sycamore tree lined street in the Historic Forest Hills neighborhood offering convenient access to commuter trains. Noted architect John Capen designed & built this wonderful home, Circa 1918. Over 2600 SF of living space on 4 levels, many original architectural appointments remain: Pergola,intricate moldings,crystal,brass and copper ornamentation. French & pocket doors. LR with fpl, DR blt-in China cabinet. Wood floors, front and Butlers stairs. Bsmt rec rm with FB, cabinets,closets for ample storage. 2 Car Det Gar. Manicured lawns,gardens,antique roses,sprinklers,privacy fence. Maintained,updated and move-in ready. Enjoy the Historic District lifestyle, Olmstead designed Branchbrook Park and a vibrant Community Association.

Last Agent to Sell the Property

SUSAN ZIMMER

COLDWELL BANKER REALTY Listed on: 12/28/2016

Last Buyer's Agent

BLOSSOM VERNON

BHHS JORDAN BARIS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,557

Year Built

  • Built in 1918

Lot Details

  • 4,792 Sq Ft Lot
  • Wood Fence
  • Historic Home

Parking

  • 2 Car Detached Garage
  • Additional Parking

Home Design

  • Colonial Architecture

Interior Spaces

  • 2,600 Sq Ft Home
  • Beamed Ceilings
  • Track Lighting
  • Wood Burning Fireplace
  • Blinds
  • Drapes & Rods
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Ridge St Elementary School
  • Barringer High School

Utilities

  • Window Unit Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1614-00631-0000-00025-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,557

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1918
  • Year Built Description: Approximate, Historical
  • County Name: Essex
  • Exclusions: None noted or known
  • Directions: Lake Street to Berkeley, between Parker and Ridge near the Ballantine Gates
  • I D: 4677843
  • Section Subdiv Development: Forest Hill
  • First Name: SUSAN
  • First Name3: BLOSSOM
  • Last Name: ZIMMER
  • Last Name3: VERNON
  • Office Phone: 908-359-0893
  • Office Phone3: 973-736-1600
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Kitchen Exhaust Fan, Dryer
  • Interior Amenities: Drapes, Beam Ceilings, Walk-In Closet, Fire Alarm Sys, Security System, Blinds, Fire Extinguisher, Window Treatments, Carbon Monoxide Detector, Smoke Detector, Track Lighting
  • Bedrooms: 6
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Crawl Space, Full, Finished-Partially
  • Basement Level Rooms: Bath(s) Other, Storage Room, Laundry Room, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Level: Third
  • Other Room 2: Bedroom
  • Other Room2 Level: Third
  • Other Room 3: Rec Room
  • Level 1 Rooms: Kitchen, Foyer, Den, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 4 Or More Bedrooms
  • Level 3 Rooms: Bath(s) Other, 2 Bedrooms, Attic
  • Estimated Sq Ft: 2600
  • Phone: 908-359-0893

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Open Porch(es), Wood Fence, Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, Concrete, Additional Parking

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: BARRINGER

Lot Info

  • Lot Size: 50X100
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7557
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-00631-0000-00025-0000-
  • Tax Rate Amount: 3.309
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: RIDGE ST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2016
Closed on
Apr 27, 2017
Sold by
Palumbo Vincent F and Palumbo Nancy L
Bought by
Pazmino Mireya
Seller's Agent
SUSAN ZIMMER
COLDWELL BANKER REALTY
Buyer's Agent
BLOSSOM VERNON
BHHS JORDAN BARIS REALTY
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%
Current Estimated Value
$748,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,327
Avg. Annual Appreciation
6.09%
Original Mortgage
$412,087
Outstanding Balance
$342,259
Interest Rate
4.14%
Mortgage Type
FHA
Estimated Equity
$406,068

Purchase Details

Closed on
Nov 23, 2015
Sold by
Palumbo Vincent F
Bought by
Palumbo Vincent F and Palumbo Nancy

Purchase Details

Closed on
Jul 12, 2001
Sold by
Rego Joseph
Bought by
Beade Alain and Beade Alicia Tosca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.99%

Purchase Details

Closed on
Mar 23, 2000
Sold by
Rosado Jose
Bought by
Palumbo Vincent and O'Hare Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
8.4%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Pazmino Mireya $450,000 Kenworth Title Llc
Palumbo Vincent F -- --
Beade Alain $215,000 --
Palumbo Vincent $210,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pazmino Mireya $412,087
Previous Owner Beade Alain $195,000
Previous Owner -- $167,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2017 04/27/17 Sold $450,000 -14.3% $173 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
12/28/2016 12/28/16 For Sale $525,000 -- $202 / 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
2025 $8,515 $228,400 $67,500 $160,900
2024 $8,515 $228,400 $67,500 $160,900
2022 $8,533 $228,400 $67,500 $160,900
2021 $8,528 $228,400 $67,500 $160,900
2020 $8,679 $228,400 $67,500 $160,900
2019 $8,590 $228,400 $67,500 $160,900
2018 $8,435 $228,400 $67,500 $160,900
2017 $8,131 $228,400 $67,500 $160,900
2016 $7,857 $228,400 $67,500 $160,900
2015 $7,558 $228,400 $67,500 $160,900
2014 $7,083 $228,400 $67,500 $160,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    SUSAN ZIMMER

    COLDWELL BANKER REALTY

  • B

    Buyer's Agent in 2017

    BLOSSOM VERNON

    BHHS JORDAN BARIS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3354871

Garden State MLS

APN: 14-00631-0000-00025

New Jersey Essex County Newark 07104 Forest Hill

48 Berkeley Ave Unit 50, Newark, NJ

Not Listed for Sale

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