NOT LISTED FOR SALE

550 1st Ave Elizabethport, NJ 07206

Peters Neighborhood

Estimated Value: $532,000 - $588,000

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

Last Sold March 05, 2020

Last sale price $320,000

Est. 75% increase in value since last sale

Current estimated payment $3,693/month

34 Days on Market

About This Home

As of March 2020

This home is located at 550 1st Ave, Elizabethport, NJ 07206 since 27 August 2019 and is currently estimated at $558,847. This property was built in 1910. 550 1st Ave is a home located in Union County with nearby schools including Number 25, Charles J. Hudson Elementary School and Elizabeth High School.

Last Agent to Sell the Property

Debbie Nessim

RE/MAX COMPETITIVE EDGE Brokerage Phone: 732-548-5555 Listed on: 08/27/2019

RE/MAX COMPETITIVE EDGE

Last Buyer's Agent

ADNAN YOUSAF

REALTYMARK SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,046

Year Built

  • Built in 1910

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,046

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Union
  • Street Number Display: 550
  • I D: 4925909
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 732-548-5555
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X110
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2019
Closed on
Mar 5, 2020
Sold by
Nj League Holdings Llc
Bought by
Ahmed Nouman
Seller's Agent
Debbie Nessim
RE/MAX COMPETITIVE EDGE
Buyer's Agent
ADNAN YOUSAF
REALTYMARK SELECT
List Price
$339,000
Sold Price
$320,000
Premium/Discount to List
-$19,000
-5.6%
Current Estimated Value
$558,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,847
Avg. Annual Appreciation
10.07%
Original Mortgage
$240,000
Outstanding Balance
$214,446
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$328,899

Purchase Details

Closed on
Nov 30, 2017
Sold by
550 1St Ave Llc
Bought by
Nj League Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2017
Sold by
Legal Title Trust
Bought by
550 First Ave Llc

Purchase Details

Closed on
Oct 12, 2016
Sold by
Morales Luis A Valle Idalla and Bank Of America Na
Bought by
Us Bank Na

Purchase Details

Closed on
Sep 29, 2000
Sold by
Merkler Robert and Merkler Jean
Bought by
Valle Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,583
Interest Rate
7.89%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ahmed Nouman $320,000 Cbig Members Alliance Title
Nj League Holdings Llc $225,000 1St Rate Title & Settlement
550 First Ave Llc $164,857 1St Rate Title & Settlement
Us Bank Na $1,000 None Available
Valle Luis A $136,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmed Nouman $240,000
Previous Owner Nj League Holdings Llc $8,250
Previous Owner Nj League Holdings Llc $172,500
Previous Owner Valle Luis A $109,000
Previous Owner Valle Luis A $30,000
Previous Owner Vale Luis A $195,000
Previous Owner Valle Luis A $19,800
Previous Owner Valle Luis A $135,583
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2020 03/05/20 Sold $320,000 -5.6% --
09/30/2019 09/30/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $339,000 -- --
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
2024 $8,046 $413,000 $142,700 $270,300
2023 $8,046 $25,600 $6,800 $18,800
2022 $7,828 $25,600 $6,800 $18,800
2021 $7,667 $25,600 $6,800 $18,800
2020 $7,493 $25,600 $6,800 $18,800
2019 $7,379 $25,600 $6,800 $18,800
2018 $7,307 $25,600 $6,800 $18,800
2017 $7,103 $25,600 $6,800 $18,800
2016 $7,104 $25,600 $6,800 $18,800
2015 $6,681 $25,600 $6,800 $18,800
2014 $6,481 $25,600 $6,800 $18,800
Source: Public Records

Agents Affiliated with this Home

  • Debbie Nessim

    Seller's Agent in 2020

    Debbie Nessim

    RE/MAX

    (201) 978-4351

    284 Total Sales

    Debbie Nessim
    Section Image

  • A

    Buyer's Agent in 2020

    ADNAN YOUSAF

    REALTYMARK SELECT

See All Agents

Map

Source: Garden State MLS

MLS Number: 3583027

Garden State MLS

APN: 04-00007-0000-00432

New Jersey Union County Elizabethport 07202 Peters

550 1st Ave, Elizabethport, NJ

This home is located at 550 1st Ave, Elizabethport, NJ 07206 since 27 August 2019 and is currently estimated at $558,847. This property was built in 1910. 550 1st Ave is a home located in Union County with nearby schools including Number 25, Charles J. Hudson Elementary School and Elizabeth High School.

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