NOT LISTED FOR SALE

7 Chelsea Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $573,112 - $846,000

-- Bed
-- Bath
-- Sq Ft
34 Sq Ft Lot

Last Sold June 23, 2017

Last sale price $77,500

Est. 767% increase in value since last sale

Current estimated payment $4,484/month

97 Days on Market

About This Home

As of June 2017

This home is located at 7 Chelsea Ave, Newark, NJ 07106 since 20 October 2016 and is currently estimated at $672,028. This property was built in 1925. 7 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

Yusef Ismail

HOMEQUEST REALTY GROUP LLC Brokerage Phone: 201-467-4213 Listed on: 10/20/2016

Last Buyer's Agent

Yusef Ismail

HOMEQUEST REALTY GROUP LLC Brokerage Phone: 201-467-4213 Listed on: 10/20/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,215

Year Built

  • Built in 1925

Lot Details

  • 34 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,215

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Essex
  • Street Number Display: 7
  • I D: 4666601
  • Modified: 2018-06-24
  • Number Images: 0
  • Attribution Contact: 201-467-4213
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 34.6X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2021
Sold by
7 Chelsea Holdings Llc
Bought by
Fischer Joseph E
Current Estimated Value
$672,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Outstanding Balance
$332,186
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$336,076

Purchase Details

Closed on
Mar 4, 2019
Sold by
Fischer Joseph E
Bought by
7 Chelesa Holdings Llc

Purchase Details

Listed on
Oct 20, 2016
Closed on
May 26, 2017
Sold by
Quiros Bienvenido
Bought by
7 Chelsea Investment Llc
Seller's Agent
Yusef Ismail
HOMEQUEST REALTY GROUP LLC
Buyer's Agent
Yusef Ismail
HOMEQUEST REALTY GROUP LLC
List Price
$55,000
Sold Price
$77,500
Premium/Discount to List
$22,500
40.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.96%

Purchase Details

Closed on
Aug 13, 2007
Sold by
Pinder Carlos
Bought by
Quiros Bienvenido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
9.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Asokeji Richard
Bought by
Pinder Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2004
Sold by
Zotollo John
Bought by
Asokeji Richard and Adegbite Yabo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
5.83%

Purchase Details

Closed on
Mar 17, 1993
Sold by
Citicorp Mortgage Inc
Bought by
Zotollo Scott T and Zotollo John A

Purchase Details

Closed on
Apr 25, 1989
Sold by
Davis Eddie and Davis Brenda
Bought by
Lapierre Chester and Lapierre Anna
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
Fischer Joseph E -- Universal Title Llc
7 Chelesa Holdings Llc -- --
7 Chelsea Investment Llc $35,000 Chicago Title Insurance
Quiros Bienvenido $345,000 First American Title Ins Co
Pinder Carlos $260,000 --
Asokeji Richard $175,500 --
Zotollo Scott T $36,000 --
Lapierre Chester $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fischer Joseph E $364,000
Previous Owner 7 Chelsea Holdings Llc $35,000
Previous Owner Fischer Joseph E $262,500
Previous Owner Quiros Bienvenido $310,500
Previous Owner Pinder Carlos $182,000
Previous Owner Asokeji Richard $140,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2017 06/23/17 Sold $77,500 +40.9% --
01/25/2017 01/25/17 Pending -- -- --
10/20/2016 10/20/16 For Sale $55,000 -- --
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
2025 $10,215 $274,000 $11,800 $262,200
2024 $10,215 $274,000 $11,800 $262,200
2022 $10,237 $274,000 $11,800 $262,200
2021 $6,755 $180,900 $11,800 $169,100
2020 $6,874 $180,900 $11,800 $169,100
2019 $6,804 $180,900 $11,800 $169,100
2018 $6,681 $180,900 $11,800 $169,100
2017 $6,440 $180,900 $11,800 $169,100
2016 $6,223 $180,900 $11,800 $169,100
2015 $5,986 $180,900 $11,800 $169,100
2014 $5,610 $180,900 $11,800 $169,100
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2017

    Yusef Ismail

    HOMEQUEST REALTY GROUP LLC

    (404) 452-3601

    1 in this area

    12 Total Sales

    Yusef Ismail
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3344451

Garden State MLS

APN: 14-04207-0000-00011

New Jersey Essex County Newark 07106 Lower Vailsburg

7 Chelsea Ave, Newark, NJ

This home is located at 7 Chelsea Ave, Newark, NJ 07106 since 20 October 2016 and is currently estimated at $672,028. This property was built in 1925. 7 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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