NOT LISTED FOR SALE

81 Wolcott Terrace Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $447,000 - $636,000

6 Beds
2 Baths
-- Sq Ft
1,917 Sq Ft Lot

Last Sold April 19, 2024

Last sale price $610,000

Est. 10% decrease in value since last sale

Current estimated payment $3,367/month

12 Days on Market

Highlights

  • 2 Car Detached Garage
  • Central Air
  • Heat Pump System
  • Property is near shops

About This Home

As of April 2024

Welcome to Newark!! This property is located on a very convenient location. Close to all major highways, airport, New York and more. Property just recently redone from top to bottom. Everything is new. Wall, windows, door, flooring, beautiful bathroom, SS appliance's, central AC, tankless water heater, recessed lights. Property is going to be available for showings 02/25/2024.

Last Agent to Sell the Property

Carmen Schlesinger

PETRA BEST REALTY LLC Listed on: 02/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 24.11 x 79
  • Irregular Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Flat Roof Shape
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near shops

Utilities

  • Central Air
  • Heat Pump System
  • Gas Available at Street
  • Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric gas water), unit 2 owner pays(electric fuel gas water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size: 24.11 x 79
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1921
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Electric), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Electric,Gas,Water), Unit 2 Owner Pays(Electric,Fuel,Gas,Water)
  • Has Basement: Full
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Interior Amenities: Unit 1(1 Bath,3 Bedrooms,Kitchen,Living Room), Unit 2(1 Bath,3 Bedrooms,Kitchen,Living Room)
  • Stories: 2

Exterior Features

  • Lot Features: Irregular Lot, Near Shopping
  • Roof: Asphalt, Flat

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Detached, 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All,Separate Control, Unit 1(A/C Central), Unit 2(A/C Central)
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Gas In Street
  • Water Source: Public

Tax Info

  • Tax Annual Amount: 4577

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2024
Closed on
Apr 16, 2024
Sold by
Gra Investments Llc
Bought by
Hodge Akin and Hodge Khatisha Ali
Seller's Agent
Carmen Schlesinger
PETRA BEST REALTY LLC
List Price
$510,000
Sold Price
$610,000
Premium/Discount to List
$100,000
19.61%
Views
94
Current Estimated Value
$549,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,867
Avg. Annual Appreciation
-4.57%
Original Mortgage
$598,951
Outstanding Balance
$590,888
Interest Rate
6.74%
Mortgage Type
FHA
Estimated Equity
-$18,728

Purchase Details

Closed on
Jan 8, 2023
Sold by
Peeks Mary A
Bought by
Gra Investments Llc

Purchase Details

Closed on
Jan 2, 1990
Sold by
Admin Of Va
Bought by
Peeks Clifford D and Peeks Mary A
Source: Public Records

Range of Values:

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Average Value
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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
Hodge Akin $610,000 None Listed On Document
Gra Investments Llc $25,000 --
Peeks Clifford D $15,000 --
Peeks Clifford $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hodge Akin $598,951
Previous Owner Peeks Mary A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $610,000 +19.6% --
02/25/2024 02/25/24 For Sale $510,000 -- --
Source: All Jersey 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 $4,567 $242,500 $22,200 $220,300
2024 $4,567 $122,500 $22,200 $100,300
2022 $4,577 $122,500 $22,200 $100,300
2021 $4,574 $122,500 $22,200 $100,300
2020 $4,655 $122,500 $22,200 $100,300
2019 $4,607 $122,500 $22,200 $100,300
2018 $4,524 $122,500 $22,200 $100,300
2017 $4,361 $122,500 $22,200 $100,300
2016 $4,214 $122,500 $22,200 $100,300
2015 $4,054 $122,500 $22,200 $100,300
2014 $3,799 $122,500 $22,200 $100,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Carmen Schlesinger

    PETRA BEST REALTY LLC

    (732) 979-0011

    2 in this area

    27 Total Sales

    Carmen Schlesinger
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Map

Source: All Jersey MLS

MLS Number: 2353984M

All Jersey MLS

APN: 14-03622-0000-00017

New Jersey Essex County Newark 07112 Weequahic

81 Wolcott Terrace, Newark, NJ

This home is located at 81 Wolcott Terrace, Newark, NJ 07112 since 25 February 2024 and is currently estimated at $549,133. This property was built in 1921. 81 Wolcott Terrace is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Chancellor Avenue School, and Peshine Avenue Elementary School.

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