$85,000
SOLD AUG 17, 2018

66 Scheerer Ave Unit 68 Newark, NJ 07112

Weequahic Neighborhood
6 Beds
3 Baths
2,580 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

8% Below List Price

7 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Detached Garage
  • Storage Room
  • Formal Dining Room
  • Living Room

About This Home

As of August 2018

HUD Home. Large center hall Colonial in improving Weequahic section. Close proximity to Newark International Airport, Weequahic Park and Golf Course, Jersey Gardens Mall, Newark Penn Station, downtown Newark and all major highways! Great floor plan with all large rooms. Needs major repairs and is ideal for FHA 203k purchase rehab loan. As per FHA appraisal, address is 66 Scheerer Ave.

Last Agent to Sell the Property

Bill Flagg

ERA QUEEN CITY REALTY Listed on: 07/13/2018

Last Buyer's Agent

Marsha Bowen-washington

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,580 Sq Ft Home
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Walk-Out Basement
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • 3 Full Bathrooms

Utilities

  • Radiator
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 1614-03640-0000-00046-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1920
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 66-68
  • Directions: Elizabeth Ave to Renner Ave to Scheerer Ave
  • I D: 4821675
  • Modified: 2021-09-23
  • Number Images: 19
  • First Name: BILL
  • First Name3: MARSHA
  • Last Name: FLAGG
  • Last Name3: BOWEN-WASHINGTON
  • Office Phone: 908-603-8040
  • Office Phone3: 973-436-5152
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Oven-Gas
  • Number Rooms: 9
  • Bedrooms: 6
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout
  • Basement Level Rooms: Utility Room, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Kitchen Area: Not Eat-In Kitchen
  • Kitchen Dim: 15x11
  • Kitchen Level: First
  • Living Room Dim: 27x14
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 18x9
  • Level 1 Rooms: 1 Bedroom, Living Room, Dining Room, Bath Main, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other
  • Estimated Sq Ft: 2580
  • Phone: 908-322-5454

Exterior Features

  • Exterior Description: Brick, Stucco, Vinyl Siding, Wood Shingle
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 50X100
  • Assessed Improvement Value: 138400
  • Assessed Land Value: 22500
  • Assessment: 160900
  • Easement: Unknown
  • Lot Identifier: 46
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5728
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-03640-0000-00046-0000-
  • Tax Rate Amount: 3.560
  • Tax Rate Tax: *
  • Tax Rate Year: 2017
  • Tax Year Tax: *
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Aug 17, 2018
Sold by
Nccb Investments Inc
Bought by
Mon Scheerer Capital Llc
Seller's Agent
Bill Flagg
ERA QUEEN CITY REALTY
Buyer's Agent
Marsha Bowen-washington
COLDWELL BANKER REALTY
List Price
$92,000
Sold Price
$85,000
Premium/Discount to List
-$7,000
-7.61%
Current Estimated Value
$493,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,180
Avg. Annual Appreciation
28.28%

Purchase Details

Listed on
Jul 13, 2018
Closed on
Aug 15, 2018
Sold by
Usa Hud
Bought by
Nccb Investments Inc
Seller's Agent
Bill Flagg
ERA QUEEN CITY REALTY
Buyer's Agent
Marsha Bowen-washington
COLDWELL BANKER REALTY
List Price
$92,000
Sold Price
$85,000
Premium/Discount to List
-$7,000
-7.61%

Purchase Details

Closed on
Mar 16, 2016
Sold by
Citymortgage Inc
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Aug 3, 2015
Sold by
Armando B Fontoura Sheriff
Bought by
Citimortgage Inc

Purchase Details

Closed on
Feb 10, 2003
Sold by
Youngming Realty Group Llc
Bought by
Gary Derek and Gary Keona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.86%

Purchase Details

Closed on
Aug 1, 2002
Sold by
Gibson George
Bought by
Youngming Realty Group Llc

Purchase Details

Closed on
Jan 16, 1992
Sold by
Nesbitt Henrietta
Bought by
Nesbitt Raymond

Purchase Details

Closed on
Feb 19, 1991
Sold by
Nesbitt Henrietta
Bought by
Nesbitt Raymond
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $92,000 Shepherd Title Agency
Deed $85,000 Shepherd Title Agency
Warranty Deed -- --
Quit Claim Deed $100 --
Deed $200,000 --
Deed $82,000 --
Quit Claim Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $277,500 Commercial
Closed $203,000 New Conventional
Previous Owner $284,200 FHA
Previous Owner $215,100 New Conventional
Previous Owner $160,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $85,000 -7.6% $33 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $92,000 -- $36 / Sq Ft
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 $5,998 $160,900 $22,500 $138,400
2024 $5,998 $160,900 $22,500 $138,400
2022 $6,011 $160,900 $22,500 $138,400
2021 $6,008 $160,900 $22,500 $138,400
2020 $6,114 $160,900 $22,500 $138,400
2019 $6,051 $160,900 $22,500 $138,400
2018 $5,942 $160,900 $22,500 $138,400
2017 $5,728 $160,900 $22,500 $138,400
2016 $5,535 $160,900 $22,500 $138,400
2015 $5,324 $160,900 $22,500 $138,400
2014 $4,990 $160,900 $22,500 $138,400
Source: Public Records

Agents Affiliated with this Home

  • Bill Flagg

    Seller's Agent in 2018

    Bill Flagg

    ERA QUEEN CITY REALTY

    (908) 603-8040

    1 in this area

    54 Total Sales

    Bill Flagg
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3487065

Garden State MLS

APN: 14-03640-0000-00046

New Jersey Essex County Newark 07112 Weequahic

66 Scheerer Ave Unit 68, Newark, NJ

This home is located at 66 Scheerer Ave Unit 68, Newark, NJ 07112 and is currently priced at $85,000, approximately $32 per square foot. This property was built in 1920. 66 Scheerer Ave Unit 68 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

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