NOT LISTED FOR SALE

85 Pennsylvania Ave Newark, NJ 07114

South Broad Valley Neighborhood

Estimated Value: $440,000 - $723,000

5 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold September 28, 2023

Last sale price $585,000

Est. 4% decrease in value since last sale

Current estimated payment $3,527/month

141 Days on Market

About This Home

As of September 2023

This home is located at 85 Pennsylvania Ave, Newark, NJ 07114 since 27 March 2023 and is currently estimated at $561,343. 85 Pennsylvania Ave is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine Avenue Elementary School.

Last Agent to Sell the Property

Paul Anyanwu

GLOBAL REALTY RESOURCE Brokerage Phone: 973-731-1200 Listed on: 03/27/2023

Last Buyer's Agent

WILSON MERCHAN

MERCHAN TEAM REALTY LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,442

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,442

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 85
  • I D: 5211482
  • Modified: 2024-09-29
  • Number Images: 1
  • Attribution Contact: 973-731-1200
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Sep 20, 2023
Sold by
85 Penn Llc
Bought by
Portillo Edis and Hernandez Liliana J
Seller's Agent
Paul Anyanwu
GLOBAL REALTY RESOURCE
Buyer's Agent
WILSON MERCHAN
MERCHAN TEAM REALTY LLC.
List Price
$579,000
Sold Price
$585,000
Premium/Discount to List
$6,000
1.04%
Views
208
Current Estimated Value
$561,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,657
Avg. Annual Appreciation
-2.07%
Original Mortgage
$565,475
Outstanding Balance
$554,355
Interest Rate
7.12%
Mortgage Type
FHA
Estimated Equity
$6,988

Purchase Details

Closed on
Oct 13, 2020
Sold by
Malibu Developers Llc
Bought by
85 Penn Llc

Purchase Details

Closed on
Oct 11, 1988
Sold by
Kay Clarence
Bought by
James William
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Portillo Edis $585,000 Primary Title Services
85 Penn Llc $120,000 Cosmmos Title Agency Llc
James William $23,500 --
James William $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portillo Edis $565,475
Previous Owner James William $188,500
Previous Owner James William $161,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $585,000 -2.3% --
08/15/2023 08/15/23 Pending -- -- --
08/03/2023 08/03/23 Price Changed $599,000 +3.5% --
08/03/2023 08/03/23 For Sale $579,000 0.0% --
06/26/2023 06/26/23 Price Changed $579,000 -14.2% --
06/23/2023 06/23/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $675,000 +650.0% --
02/08/2018 02/08/18 Sold $90,000 +20.2% $49 / Sq Ft
01/07/2018 01/07/18 Pending -- -- --
12/13/2017 12/13/17 For Sale $74,900 -- $41 / Sq Ft
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 $6,442 $226,100 $48,800 $177,300
2024 $6,442 $172,800 $48,800 $124,000
2022 $6,456 $172,800 $48,800 $124,000
2021 $6,452 $172,800 $48,800 $124,000
2020 $6,566 $172,800 $48,800 $124,000
2019 $6,499 $172,800 $48,800 $124,000
2018 $6,382 $172,800 $48,800 $124,000
2017 $6,152 $172,800 $48,800 $124,000
2016 $5,944 $172,800 $48,800 $124,000
2015 $5,718 $172,800 $48,800 $124,000
2014 $5,359 $172,800 $48,800 $124,000
Source: Public Records

Agents Affiliated with this Home

  • Paul Anyanwu

    Seller's Agent in 2023

    Paul Anyanwu

    GLOBAL REALTY RESOURCE

    (973) 985-4013

    1 in this area

    33 Total Sales

    Paul Anyanwu
    Section Image

  • W

    Buyer's Agent in 2023

    WILSON MERCHAN

    MERCHAN TEAM REALTY LLC.

  • Lionel Cruz

    Seller's Agent in 2018

    Lionel Cruz

    NEXTHOME PRIME

    (917) 524-6111

    52 Total Sales

    Lionel Cruz
    Section Image
  • Tanaysha Thompson

    Buyer's Agent in 2018

    Tanaysha Thompson

    NEXTHOME PRIME

    (347) 404-3683

    2 Total Sales

    Tanaysha Thompson
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3835319

Garden State MLS

APN: 14-02814-0000-00006

New Jersey Essex County Newark 07114 South Broad Valley

85 Pennsylvania Ave, Newark, NJ

This home is located at 85 Pennsylvania Ave, Newark, NJ 07114 since 27 March 2023 and is currently estimated at $561,343. 85 Pennsylvania Ave is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine Avenue Elementary School.

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