NOT LISTED FOR SALE

54 Melrose Ave Unit 2 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $434,000 - $552,000

-- Bed
2 Baths
2,260 Sq Ft
$224/Sq Ft Est. Value

About This Home

This home is located at 54 Melrose Ave Unit 2, Newark, NJ 07106 and is currently estimated at $505,303, approximately $223 per square foot. 54 Melrose Ave Unit 2 is a home located in Essex County with nearby schools including Irvington High School and St. John the Baptist Ukraini.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Melrose Kuzmir Llc
Bought by
Melrose Kuzmir Llc
Current Estimated Value
$505,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Outstanding Balance
$329,264
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$140,245

Purchase Details

Closed on
Jul 16, 2020
Sold by
Frommell Menachem M
Bought by
Mclroze Kuzmir Llc

Purchase Details

Closed on
Dec 2, 2019
Sold by
Melroze Kuzmir Llc
Bought by
Frommell Menachem M

Purchase Details

Closed on
Apr 12, 2019
Sold by
Kina Development Llc
Bought by
Melrose Kuzmir Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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.

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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
Mclroze Kuzmir Llc -- Wellington Abstract Llc
Frommell Menachem M -- None Available
Melrose Kuzmir Llc $218,000 --
Kina Development Llc $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melrose Kuzmir Llc $352,500
Previous Owner Melrose Kuzmir Llc $182,000
Previous Owner Cabrera Nelida C $180,301
Previous Owner Cabrera Nelida C $100,000
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
2024 $6,069 $162,800 $20,800 $142,000
2023 $6,082 $162,800 $20,800 $142,000
2022 $6,082 $162,800 $20,800 $142,000
2021 $6,079 $162,800 $20,800 $142,000
2020 $6,186 $162,800 $20,800 $142,000
2019 $6,123 $162,800 $20,800 $142,000
2018 $6,012 $162,800 $20,800 $142,000
2017 $5,796 $162,800 $20,800 $142,000
2016 $5,600 $162,800 $20,800 $142,000
2015 $5,387 $162,800 $20,800 $142,000
2014 $5,048 $162,800 $20,800 $142,000
Source: Public Records

Map

New Jersey Essex County Newark 07106 Lower Vailsburg

54 Melrose Ave Unit 2, Newark, NJ

This home is located at 54 Melrose Ave Unit 2, Newark, NJ 07106 and is currently estimated at $505,303, approximately $223 per square foot. 54 Melrose Ave Unit 2 is a home located in Essex County with nearby schools including Irvington High School and St. John the Baptist Ukraini.

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.

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