NOT LISTED FOR SALE

524 Central Ave Newark, NJ 07107

Fairmount Neighborhood

Estimated Value: $344,783

-- Bed
-- Bath
-- Sq Ft
25 Sq Ft Lot

Last Sold August 04, 2022

Last sale price $455,000

Est. 24% decrease in value since last sale

Current estimated payment $2,313/month

10 Days on Market

About This Home

As of August 2022

This home is located at 524 Central Ave, Newark, NJ 07107 since 20 June 2022 and is currently estimated at $344,783. 524 Central Ave is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Camden Street Elementary School, and Harriet Tubman School.

Last Agent to Sell the Property

Peter Boutros

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 06/20/2022

EXP REALTY, LLC

Last Buyer's Agent

Christina Gerges

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,965

Lot Details

  • 25 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,965

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5153321
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25.3X40
  • Total Acres: 0.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Aug 2, 2022
Sold by
Profile Connections Llc
Bought by
Rosko Group Newark Llc
Seller's Agent
Peter Boutros
EXP REALTY, LLC
Buyer's Agent
Christina Gerges
List Price
$600,000
Sold Price
$455,000
Premium/Discount to List
-$145,000
-24.17%
Current Estimated Value
$344,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$110,217
Avg. Annual Appreciation
-8.06%

Purchase Details

Listed on
Jun 20, 2022
Closed on
Jul 27, 2022
Sold by
Myrtil Ernst
Bought by
Profile Connections Llc
Seller's Agent
Peter Boutros
EXP REALTY, LLC
Buyer's Agent
Christina Gerges
List Price
$600,000
Sold Price
$455,000
Premium/Discount to List
-$145,000
-24.17%

Purchase Details

Closed on
Jun 27, 2013
Sold by
Keen Herman
Bought by
Myrtil Ernst
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Rosko Group Newark Llc -- Cross Bridge Title
Profile Connections Llc $455,000 Cross Bridge Title
Myrtil Ernst $65,000 --
Myrtil Ernst $65,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2022 08/04/22 Sold $455,000 -24.2% --
06/30/2022 06/30/22 Pending -- -- --
06/30/2022 06/30/22 Price Changed $600,000 +50.0% --
06/20/2022 06/20/22 Price Changed $400,000 -33.3% --
06/20/2022 06/20/22 For Sale $600,000 -- --
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 $5,965 $160,000 $28,800 $131,200
2024 $5,965 $160,000 $28,800 $131,200
2023 $5,978 $160,000 $28,800 $131,200
2022 $5,978 $160,000 $28,800 $131,200
2021 $5,974 $160,000 $28,800 $131,200
2020 $6,080 $160,000 $28,800 $131,200
2019 $6,018 $160,000 $28,800 $131,200
2018 $5,909 $160,000 $28,800 $131,200
2017 $5,696 $160,000 $28,800 $131,200
2016 $5,504 $160,000 $28,800 $131,200
2015 $5,294 $160,000 $28,800 $131,200
2014 $6,769 $218,300 $28,800 $189,500
Source: Public Records

Agents Affiliated with this Home

  • Peter Boutros

    Seller's Agent in 2022

    Peter Boutros

    EXP REALTY, LLC

    (201) 831-7697

    4 in this area

    217 Total Sales

    Peter Boutros
    Section Image
  • Christina Gerges

    Buyer's Agent in 2022

    Christina Gerges

    (201) 400-3907

    2 in this area

    36 Total Sales

    Christina Gerges
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3790474

Garden State MLS

APN: 14-01828-0000-00001

New Jersey Essex County Newark 07107 Fairmount

524 Central Ave, Newark, NJ

Not Listed for Sale

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