NOT LISTED FOR SALE

71 Chelsea Ave Unit 3 Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $585,000 - $708,000

-- Bed
3 Baths
-- Sq Ft
37 Sq Ft Lot

Last Sold March 11, 2023

Last sale price $542,000

Est. 18% increase in value since last sale

Current estimated payment $3,921/month

330 Days on Market

About This Home

As of March 2023

This home is located at 71 Chelsea Ave Unit 3, Newark, NJ 07106 since 16 February 2022 and is currently estimated at $640,351. 71 Chelsea Ave Unit 3 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

Gladys Gabriel

WEICHERT REALTORS Brokerage Phone: 973-731-6064 Listed on: 02/16/2022

WEICHERT REALTORS

Last Buyer's Agent

Gladys Gabriel

WEICHERT REALTORS Brokerage Phone: 973-731-6064 Listed on: 02/16/2022

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,464

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,464

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 71
  • I D: 5130212
  • Modified: 2024-03-12
  • Attribution Contact: 973-731-6064
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.6X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 6, 2023
Sold by
Bourne Velma
Bought by
Fletcher Gary and Fletcher Shannay
Seller's Agent
Gladys Gabriel
WEICHERT REALTORS
Buyer's Agent
Gladys Gabriel
WEICHERT REALTORS
List Price
$550,000
Sold Price
$542,000
Premium/Discount to List
-$8,000
-1.45%
Views
13
Current Estimated Value
$640,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,351
Avg. Annual Appreciation
7.42%
Original Mortgage
$532,183
Outstanding Balance
$516,670
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$132,901

Purchase Details

Closed on
Jul 26, 2007
Sold by
Henry Neville J and Henry Nessa M
Bought by
Bourne Velma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fletcher Gary $542,000 --
Bourne Velma $340,000 Complete Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fletcher Shannay $17,132
Open Fletcher Gary $532,183
Previous Owner Bourne Velma $226,421
Previous Owner Bourne Velma $225,885
Previous Owner Bourne Velma $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2023 03/11/23 Sold $542,000 -1.5% --
01/12/2023 01/12/23 Pending -- -- --
02/16/2022 02/16/22 For Sale $550,000 -- --
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 $6,464 $173,400 $12,800 $160,600
2024 $6,464 $173,400 $12,800 $160,600
2022 $6,478 $173,400 $12,800 $160,600
2021 $6,475 $173,400 $12,800 $160,600
2020 $6,589 $173,400 $12,800 $160,600
2019 $6,522 $173,400 $12,800 $160,600
2018 $6,404 $173,400 $12,800 $160,600
2017 $6,173 $173,400 $12,800 $160,600
2016 $5,965 $173,400 $12,800 $160,600
2015 $5,738 $173,400 $12,800 $160,600
2014 $5,377 $173,400 $12,800 $160,600
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2023

    Gladys Gabriel

    WEICHERT REALTORS

    (973) 885-4225

    1 in this area

    75 Total Sales

    Gladys Gabriel
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3764313

Garden State MLS

APN: 14-04214-0000-00055

New Jersey Essex County Newark 07106 Lower Vailsburg

71 Chelsea Ave Unit 3, Newark, NJ

This home is located at 71 Chelsea Ave Unit 3, Newark, NJ 07106 since 16 February 2022 and is currently estimated at $640,351. 71 Chelsea Ave Unit 3 is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes