NOT LISTED FOR SALE

69 Sparta Ave Unit 124 Newton, NJ 07860

Estimated Value: $5,110,000

1 Bed
1 Bath
-- Sq Ft
1.59 Acres

About This Home

This home is located at 69 Sparta Ave Unit 124, Newton, NJ 07860 and is currently priced at $5,110,000. 69 Sparta Ave Unit 124 is a home located in Sussex County with nearby schools including Merriam Avenue School, Halsted Street Middle School, and Newton High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2022
Sold by
Cobbler Lofts Llc
Bought by
69-75 Sparta Avenue A Condominium
Current Estimated Value
$5,110,000

Purchase Details

Closed on
May 6, 2021
Sold by
Merriam Gateway Apartments Inc
Bought by
Cobblers Loft Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,800,000
Interest Rate
2.9%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
69-75 Sparta Avenue A Condominium -- Giordano Halleran & Ciesla Pc
Cobblers Loft Llc $22,580,000 Fink & Zelmanovitz Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Cobbler Lofts Llc $17,800,000
Previous Owner Cobblers Loft Llc $17,800,000
Previous Owner Sba Site Management Llc $0
Previous Owner Merriam Gateway Apartments Inc $8,077,500
Previous Owner Merriam Gatewa Apartments Inc $791,601
Previous Owner Merriam Gateway Apartments Inc $4,999,999
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 $224,700 $13,537,400 $3,500,000 $10,037,400
2023 $224,700 $5,000,000 $2,500,000 $2,500,000
2022 $225,600 $5,000,000 $2,500,000 $2,500,000
2021 $224,600 $5,000,000 $2,500,000 $2,500,000
2020 $221,150 $5,000,000 $2,500,000 $2,500,000
2019 $214,300 $5,000,000 $2,500,000 $2,500,000
2018 $213,150 $5,000,000 $2,500,000 $2,500,000
2017 $211,900 $5,000,000 $2,500,000 $2,500,000
2016 $208,500 $5,000,000 $2,500,000 $2,500,000
2015 $203,000 $5,000,000 $2,500,000 $2,500,000
2014 $198,800 $5,000,000 $2,500,000 $2,500,000
Source: Public Records

Map

New Jersey Sussex County Newton 07860

69 Sparta Ave Unit 124, Newton, NJ

Homes for Sale in Newton, NJ

This home is located at 69 Sparta Ave Unit 124, Newton, NJ 07860 and is currently priced at $5,110,000. 69 Sparta Ave Unit 124 is a home located in Sussex County with nearby schools including Merriam Avenue School, Halsted Street Middle School, and Newton High School.

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