NOT LISTED FOR SALE

575 Monroe Ave Unit E62 Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $665,214 - $769,000

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 03, 2021

Last sale price $525,000

Est. 38% increase in value since last sale

Current estimated payment $5,149/month

73 Days on Market

About This Home

As of November 2021

This home is located at 575 Monroe Ave Unit E62, Elizabeth, NJ 07201 since 16 June 2021 and is currently estimated at $722,804. This property was built in 1910. 575 Monroe Ave Unit E62 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

MAX J SEVILLA

TIGER PROPERTIES REALTY,LLC Listed on: 06/16/2021

Last Buyer's Agent

ANDREA ARELLANO

WORLD CLASS REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,232

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,232

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Union
  • Street Number Display: 575
  • I D: 5081165
  • Modified: 2022-11-04
  • Number Images: 0
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X150
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Oct 28, 2021
Sold by
575 Monroe Pepito Llc
Bought by
Seepersad Ghanshyam
Seller's Agent
MAX J SEVILLA
TIGER PROPERTIES REALTY,LLC
Buyer's Agent
ANDREA ARELLANO
WORLD CLASS REALTY GROUP
List Price
$539,900
Sold Price
$525,000
Premium/Discount to List
-$14,900
-2.76%
Total Days on Market
73
Current Estimated Value
$722,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,804
Avg. Annual Appreciation
7.97%
Original Mortgage
$393,750
Outstanding Balance
$366,765
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$323,566

Purchase Details

Closed on
Jul 21, 2021
Sold by
Leverage Holdings Llc
Bought by
575 Monroe Pepito Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2020
Sold by
Rosario Michael A
Bought by
Leverage Holdings Llc

Purchase Details

Closed on
Mar 20, 1998
Sold by
Rosario Gilbert and Rosario Marisol
Bought by
Rosario Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,500
Interest Rate
7%
Source: Public Records

Similar Home in the area

See All Homes in Elizabeth

Range of Values:

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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
Seepersad Ghanshyam $525,000 Chicago Title Insurance Co
575 Monroe Pepito Llc $390,000 Belmont Ttl & Setmnt Svcs Ll
Leverage Holdings Llc $340,000 Belmont Ttl & Setmnt Svcs Ll
Rosario Michael A $50,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seepersad Ghanshyam $393,750
Previous Owner 575 Monroe Pepito Llc $311,000
Previous Owner Rosario Michael A $50,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $525,000 +2.0% --
08/28/2021 08/28/21 Pending -- -- --
06/29/2021 06/29/21 Price Changed $514,900 -4.6% --
06/16/2021 06/16/21 For Sale $539,900 -- --
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 $13,232 $505,900 $176,400 $329,500
2023 $13,232 $42,100 $7,300 $34,800
2022 $12,874 $42,100 $7,300 $34,800
2021 $10,452 $34,900 $7,300 $27,600
2020 $10,216 $34,900 $7,300 $27,600
2019 $10,060 $34,900 $7,300 $27,600
2018 $9,962 $34,900 $7,300 $27,600
2017 $9,684 $34,900 $7,300 $27,600
2016 $9,684 $34,900 $7,300 $27,600
2015 $9,109 $34,900 $7,300 $27,600
2014 $8,835 $34,900 $7,300 $27,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    MAX J SEVILLA

    TIGER PROPERTIES REALTY,LLC

  • A

    Buyer's Agent in 2021

    ANDREA ARELLANO

    WORLD CLASS REALTY GROUP

See All Agents

Map

Source: Garden State MLS

MLS Number: 3720823

Garden State MLS

APN: 04-00012-0000-01134

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

575 Monroe Ave Unit E62, Elizabeth, NJ

This home is located at 575 Monroe Ave Unit E62, Elizabeth, NJ 07201 since 16 June 2021 and is currently estimated at $722,804. This property was built in 1910. 575 Monroe Ave Unit E62 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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