NOT LISTED FOR SALE

7 Faith Ann Way Sparta, NJ 07871

Estimated Value: $690,000 - $754,000

1.9 Acres
$385,838 Price per Acre
82,764 Sq Ft Lot

Last Sold August 24, 2021

Last sale price $120,000

Est. 511% increase in value since last sale

Current estimated payment $5,184/month

136 Days on Market

About This Lot

As of August 2021

This home is located at 7 Faith Ann Way, Sparta, NJ 07871 since 03 November 2020 and is currently estimated at $733,093. 7 Faith Ann Way is a home located in Sussex County with nearby schools including Sparta High School, Reverand George A. Brown School, and Alpine Montessori - Sparta.

Last Agent to Sell the Property

MICHAEL PORTER

REALTY EXECUTIVES EXCEPTIONAL Brokerage Phone: 973-948-4004 Listed on: 11/03/2020

Last Buyer's Agent

MARGARETA MELOFCHIK

REALTY EXECUTIVES PROPERTY SQUAD

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,885

Lot Details

  • 1.9 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$15,885

Lot Details

0

Listing Details

  • County Name: Sussex
  • I D: 5029875
  • Attribution Contact: 973-948-4004
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Size: 1.90 ACS
  • Total Acres: 1.90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2022
Sold by
Covco Contracting Llc
Bought by
Coveney Brandon S and Coveney Jamie L
Current Estimated Value
$733,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,325
Outstanding Balance
$375,901
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$357,192

Purchase Details

Listed on
Nov 3, 2020
Closed on
Aug 23, 2021
Sold by
Hassloch Thomas and Hassloch Joann
Bought by
Covco Contracting Llc
Seller's Agent
MICHAEL PORTER
REALTY EXECUTIVES EXCEPTIONAL
Buyer's Agent
MARGARETA MELOFCHIK
REALTY EXECUTIVES PROPERTY SQUAD
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.63%
Original Mortgage
$375,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 12, 2016
Sold by
Hassloch Thomas W and Hassloch Joan
Bought by
Hassloch Thomas W and Hassloch Joann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Coveney Brandon S $475,000 Masessa Robert C
Coveney Brandon S $475,000 None Listed On Document
Covco Contracting Llc $120,000 Chicago Title Insurance Co
Covco Contracting Llc $120,000 None Listed On Document
Hassloch Thomas W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coveney Brandon S $402,325
Closed Coveney Brandon S $402,325
Previous Owner Covco Contracting Llc $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $120,000 -14.2% --
03/19/2021 03/19/21 Pending -- -- --
11/03/2020 11/03/20 For Sale $139,900 -- --
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
2025 $15,885 $442,600 $174,000 $268,600
2024 $15,429 $442,600 $174,000 $268,600
2023 $15,429 $442,600 $174,000 $268,600
2022 $5,919 $174,000 $174,000 $0
2021 $5,826 $174,000 $174,000 $0
2020 $5,916 $174,000 $174,000 $0
2019 $5,763 $174,000 $174,000 $0
2018 $5,641 $174,000 $174,000 $0
2017 $5,571 $174,000 $174,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    MICHAEL PORTER

    REALTY EXECUTIVES EXCEPTIONAL

  • M

    Buyer's Agent in 2021

    MARGARETA MELOFCHIK

    REALTY EXECUTIVES PROPERTY SQUAD

See All Agents

Map

Source: Garden State MLS

MLS Number: 3676285

Garden State MLS

APN: 18-04017-0000-00028-02

New Jersey Sussex County Sparta 07871

7 Faith Ann Way, Sparta, NJ

Not Listed for Sale

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