NOT LISTED FOR SALE

716 Rahway Ave Unit 718 Elizabeth, NJ 07202

Bayway Neighborhood

Estimated Value: $769,000 - $1,014,000

-- Bed
-- Bath
-- Sq Ft
39 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $655,000

Est. 32% increase in value since last sale

Current estimated payment $5,660/month

14 Days on Market

About This Home

As of April 2021

This home is located at 716 Rahway Ave Unit 718, Elizabeth, NJ 07202 since 15 March 2021 and is currently estimated at $861,523. This property was built in 1999. 716 Rahway Ave Unit 718 is a home located in Union County with nearby schools including Woodrow Wilson School No. 19, Elizabeth High School, and Jewish Educational Center Lower School.

Last Agent to Sell the Property

Michael Tejada

RE/MAX SELECT Brokerage Phone: 908-233-9292 Listed on: 03/15/2021

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,893

Year Built

  • Built in 1999

Lot Details

  • 39 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,893

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Year Built: 1999
  • County Name: Union
  • Street Number Display: 716
  • I D: 5055255
  • Modified: 2022-05-01
  • Number Images: 1
  • Attribution Contact: 908-233-9292
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 39.32X118.45X129

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 28, 2021
Sold by
Sanchez Juan Metrio
Bought by
Kwok Veronica and Wu Liuren
Seller's Agent
Michael Tejada
RE/MAX SELECT
List Price
$649,999
Sold Price
$655,000
Premium/Discount to List
$5,001
0.77%
Current Estimated Value
$861,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,523
Avg. Annual Appreciation
6.35%
Original Mortgage
$491,250
Outstanding Balance
$445,195
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$416,328

Purchase Details

Closed on
Feb 8, 2011
Sold by
Hsbc Bank Usa National Association
Bought by
Sanchez Juan Metrio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,790
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 8, 2010
Sold by
Carbonell Gonzalo Ernesto
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Feb 23, 2004
Sold by
Castano Gloria
Bought by
Almeida George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.65%

Purchase Details

Closed on
Mar 23, 1999
Sold by
Nigam Dr Avinash C and Nigam Ansuya
Bought by
A P Planalt Carpentry Inc
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
Kwok Veronica $655,000 Westcor Land Title Ins Co
Kwok Veronica $655,000 Land Title
Sanchez Juan Metrio $300,100 First American Title Ins Co
Hsbc Bank Usa National Association -- None Available
Almeida George $342,000 --
A P Planalt Carpentry Inc $77,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwok Veronica $491,250
Closed Kwok Veronica $491,250
Previous Owner Sanchez Juan Metrio $272,790
Previous Owner Almeida George $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $655,000 +0.8% --
03/29/2021 03/29/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $649,999 -- --
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 $12,893 $670,100 $185,400 $484,700
2024 $16,626 $670,100 $185,400 $484,700
2023 $16,626 $52,900 $19,200 $33,700
2022 $16,176 $52,900 $19,200 $33,700
2021 $15,842 $52,900 $19,200 $33,700
2020 $15,484 $52,900 $19,200 $33,700
2019 $15,248 $52,900 $19,200 $33,700
2018 $15,099 $52,900 $19,200 $33,700
2017 $14,678 $52,900 $19,200 $33,700
2016 $14,679 $52,900 $19,200 $33,700
2015 $13,806 $52,900 $19,200 $33,700
2014 -- $52,900 $19,200 $33,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Tejada

    Seller's Agent in 2021

    Michael Tejada

    RE/MAX

    (908) 514-3466

    5 in this area

    120 Total Sales

    Michael Tejada
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Map

Source: Garden State MLS

MLS Number: 3698008

Garden State MLS

APN: 04-00006-0000-00978-A

New Jersey Union County Elizabeth 07202 Bayway

716 Rahway Ave Unit 718, Elizabeth, NJ

This home is located at 716 Rahway Ave Unit 718, Elizabeth, NJ 07202 since 15 March 2021 and is currently estimated at $861,523. This property was built in 1999. 716 Rahway Ave Unit 718 is a home located in Union County with nearby schools including Woodrow Wilson School No. 19, Elizabeth High School, and Jewish Educational Center Lower School.

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