NOT LISTED FOR SALE

551 Jackson Ave Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $773,000

-- Bed
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold January 13, 2023

Last sale price $660,000

Est. 17% increase in value since last sale

Current estimated payment $5,286/month

49 Days on Market

About This Home

As of January 2023

This home is located at 551 Jackson Ave, Elizabeth, NJ 07201 since 12 October 2022 and is currently priced at $773,000. 551 Jackson Ave is a home located in Union County with nearby schools including Toussaint L'ouverture-Marquis de Lafayette School No. 6 and Elizabeth High School.

Last Agent to Sell the Property

LEONEL BEXIGA

TOP CHOICE REALTY NETWORK Brokerage Phone: 908-353-8277 Listed on: 10/12/2022

Last Buyer's Agent

Nereyda Martinez

RE/MAX LIFETIME REALTORS

RE/MAX LIFETIME REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,981

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,981

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 551
  • I D: 5183940
  • Modified: 2024-01-14
  • Number Images: 1
  • Attribution Contact: 908-353-8277
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X102
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Dec 16, 2022
Sold by
Budnlak-Neto Pedro
Bought by
Gramajo Brian and Pacheco Ana Lucia
Seller's Agent
LEONEL BEXIGA
TOP CHOICE REALTY NETWORK
Buyer's Agent
Nereyda Martinez
RE/MAX LIFETIME REALTORS
List Price
$689,000
Sold Price
$660,000
Premium/Discount to List
-$29,000
-4.21%
Views
5
Current Estimated Value
$773,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,000
Original Mortgage
$503,662
Outstanding Balance
$489,503
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2003
Sold by
Alexis Jean
Bought by
Neto Pedro Budniak

Purchase Details

Closed on
Dec 27, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Alexis Jean Serge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.48%

Purchase Details

Closed on
Apr 22, 1996
Sold by
Froehlich Ralph
Bought by
Federal Home Loan Mortgage Corporation
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
Gramajo Brian $660,000 Acres Land Title
Neto Pedro Budniak $270,000 --
Alexis Jean Serge $80,000 --
Federal Home Loan Mortgage Corporation -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gramajo Brian $503,662
Previous Owner Budniak Neto Pedro $200,000
Previous Owner Alexis Jean Serge $5,000
Previous Owner Alexis Jean Serge $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $660,000 -4.2% --
11/30/2022 11/30/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $689,000 -- --
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
2023 $12,981 $41,300 $7,500 $33,800
2022 $12,629 $41,300 $7,500 $33,800
2021 $12,369 $41,300 $7,500 $33,800
2020 $12,089 $41,300 $7,500 $33,800
2019 $11,904 $41,300 $7,500 $33,800
2018 $11,788 $41,300 $7,500 $33,800
2017 $11,460 $41,300 $7,500 $33,800
2016 $11,460 $41,300 $7,500 $33,800
2015 $10,779 $41,300 $7,500 $33,800
2014 $10,456 $41,300 $7,500 $33,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    LEONEL BEXIGA

    TOP CHOICE REALTY NETWORK

  • Nereyda Martinez

    Buyer's Agent in 2023

    Nereyda Martinez

    RE/MAX

    (908) 414-5119

    3 in this area

    47 Total Sales

    Nereyda Martinez
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3812324

Garden State MLS

APN: 04-00008-0000-00963

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

551 Jackson Ave, Elizabeth, NJ

This home is located at 551 Jackson Ave, Elizabeth, NJ 07201 since 12 October 2022 and is currently priced at $773,000. 551 Jackson Ave is a home located in Union County with nearby schools including Toussaint L'ouverture-Marquis de Lafayette School No. 6 and Elizabeth High School.

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