NOT LISTED FOR SALE

531 Richmond St Unit 533 Elizabeth, NJ 07202

Bayway Neighborhood

Estimated Value: $454,000 - $644,000

-- Bed
-- Bath
-- Sq Ft
3,354 Sq Ft Lot

Last Sold May 04, 2012

Last sale price $157,000

Est. 258% increase in value since last sale

Current estimated payment $3,690/month

About This Home

As of May 2012

This home is located at 531 Richmond St Unit 533, Elizabeth, NJ 07202 since 04 May 2012 and is currently estimated at $561,797. 531 Richmond St Unit 533 is a home located in Union County with nearby schools including Mabel G. Holmes School No. 5 and Elizabeth High School.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,748

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 4165698
  • Attribution Contact: 973-450-4000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2018
Sold by
Gomez Eduard Camilo and Grajales Luz
Bought by
Grajalees Luz
Current Estimated Value
$561,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Outstanding Balance
$203,236
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$358,561

Purchase Details

Listed on
May 4, 2012
Closed on
Mar 21, 2012
Sold by
Alvarez Hernan
Bought by
Gomez Eduard Camilo and Grajales Luz
Sold Price
$157,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$153,020
Interest Rate
4.01%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 23, 2004
Sold by
Garcia Juan
Bought by
Alvarez Hernan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,026
Interest Rate
5.6%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Grajalees Luz $25,000 None Available
Gomez Eduard Camilo $157,000 None Available
Alvarez Hernan $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grajalees Luz $235,000
Previous Owner Gomez Eduard Camilo $153,020
Previous Owner Alvarez Hernan $357,026
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2012 05/04/12 Sold $157,000 -- --
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 $8,748 $454,700 $179,500 $275,200
2024 $10,058 $454,700 $179,500 $275,200
2023 $10,058 $32,000 $8,000 $24,000
2022 $9,785 $32,000 $8,000 $24,000
2021 $9,583 $32,000 $8,000 $24,000
2020 $9,367 $32,000 $8,000 $24,000
2019 $9,224 $32,000 $8,000 $24,000
2018 $9,134 $32,000 $8,000 $24,000
2017 $8,879 $32,000 $8,000 $24,000
2016 $8,880 $32,000 $8,000 $24,000
2015 $8,352 $32,000 $8,000 $24,000
2014 $8,101 $32,000 $8,000 $24,000
Source: Public Records

Map

Source: Garden State MLS

MLS Number: 2878057

Garden State MLS

APN: 04-00004-0000-01285

New Jersey Union County Elizabeth 07202 Bayway

531 Richmond St Unit 533, Elizabeth, NJ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes