NOT LISTED FOR SALE

506 Erico Ave Unit 508 Elizabeth, NJ 07202

Bayway Neighborhood

Estimated Value: $481,000 - $594,834

3 Beds
3 Baths
1,350 Sq Ft
$400/Sq Ft Est. Value

About This Home

This home is located at 506 Erico Ave Unit 508, Elizabeth, NJ 07202 and is currently estimated at $540,209, approximately $400 per square foot. 506 Erico Ave Unit 508 is a home located in Union County with nearby schools including Woodrow Wilson School No. 19, Elizabeth High School, and Sinai Christian Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2022
Sold by
Arroyave Abraham
Bought by
Echeverria Yerlin S and Calderon-Aparicio Yuly J
Current Estimated Value
$540,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,664
Outstanding Balance
$380,816
Interest Rate
5.55%
Mortgage Type
FHA
Estimated Equity
$159,393

Purchase Details

Closed on
Dec 3, 2009
Sold by
Gonzalez Antonio and Valdez Lillian
Bought by
Arroyave Abraham and Bermudez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,005
Interest Rate
4.63%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Echeverria Yerlin S $405,000 Westcor Land Title
Arroyave Abraham $272,950 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echeverria Yerlin S $397,664
Previous Owner Arroyave Abraham $268,005
Source: Public Records

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 $7,608 $395,400 $194,500 $200,900
2024 $10,780 $395,400 $194,500 $200,900
2023 $10,780 $34,300 $11,000 $23,300
2022 $10,489 $34,300 $11,000 $23,300
2021 $10,272 $34,300 $11,000 $23,300
2020 $10,040 $34,300 $11,000 $23,300
2019 $9,887 $34,300 $11,000 $23,300
2018 $9,790 $34,300 $11,000 $23,300
2017 $9,517 $34,300 $11,000 $23,300
2016 $9,518 $34,300 $11,000 $23,300
2015 $8,952 $34,300 $11,000 $23,300
2014 $8,683 $34,300 $11,000 $23,300
Source: Public Records

Map

New Jersey Union County Elizabeth 07202 Bayway

506 Erico Ave Unit 508, Elizabeth, NJ

Not Listed for Sale

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