NOT LISTED FOR SALE

54 Chelsea Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $575,000 - $784,815

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

Last Sold September 04, 2019

Last sale price $305,000

Est. 113% increase in value since last sale

Current estimated payment $4,080/month

31 Days on Market

About This Home

As of September 2019

This home is located at 54 Chelsea Ave, Newark, NJ 07106 since 01 March 2019 and is currently estimated at $649,454. 54 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

CELADAWN REID

KELLER WILLIAMS ELITE REALTORS Brokerage Phone: 732-549-1998 Listed on: 03/01/2019

Last Buyer's Agent

CELADAWN REID

KELLER WILLIAMS ELITE REALTORS Brokerage Phone: 732-549-1998 Listed on: 03/01/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,509

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,509

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 54
  • I D: 4874900
  • Modified: 2020-09-05
  • Number Images: 1
  • Attribution Contact: 732-549-1998
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2023
Sold by
Mb Newark Llc
Bought by
54 Chelsea Ave Llc
Current Estimated Value
$649,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$504,815
Interest Rate
6.12%
Mortgage Type
Construction
Estimated Equity
$146,295

Purchase Details

Closed on
Jun 17, 2022
Sold by
116 Broad Holdings Llc
Bought by
Mb Newark Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
5.25%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 26, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Black Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
7.5%
Mortgage Type
VA

Purchase Details

Closed on
Aug 11, 1989
Sold by
City Of Newark Plaintiff
Bought by
Murray James and Grace Defendants
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
54 Chelsea Ave Llc $650,000 --
Mb Newark Llc $620,000 Old Republic National
Black Louis $72,500 --
Murray James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 54 Chelsea Ave Llc $520,000
Previous Owner Mb Newark Llc $465,000
Previous Owner 54 Chelsea Llc $280,000
Previous Owner Black Louis $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2019 09/04/19 Sold $305,000 +5.2% --
04/01/2019 04/01/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $290,000 -- --
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 $6,509 $174,600 $10,700 $163,900
2024 $6,509 $174,600 $10,700 $163,900
2022 $6,523 $174,600 $10,700 $163,900
2021 $6,520 $174,600 $10,700 $163,900
2020 $6,635 $174,600 $10,700 $163,900
2019 $6,567 $174,600 $10,700 $163,900
2018 $6,448 $174,600 $10,700 $163,900
2017 $6,216 $174,600 $10,700 $163,900
2016 $6,006 $174,600 $10,700 $163,900
2015 $5,778 $174,600 $10,700 $163,900
2014 $5,414 $174,600 $10,700 $163,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    CELADAWN REID

    KELLER WILLIAMS ELITE REALTORS

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Map

Source: Garden State MLS

MLS Number: 3535771

Garden State MLS

APN: 14-04213-0000-00044

New Jersey Essex County Newark 07106 Lower Vailsburg

54 Chelsea Ave, Newark, NJ

This home is located at 54 Chelsea Ave, Newark, NJ 07106 since 01 March 2019 and is currently estimated at $649,454. 54 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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