NOT LISTED FOR SALE

86 Scheerer Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $584,000 - $723,000

-- Bed
-- Bath
-- Sq Ft
25 Sq Ft Lot

Last Sold August 08, 2024

Last sale price $690,000

Est. 5% decrease in value since last sale

Current estimated payment $4,164/month

17 Days on Market

About This Home

As of August 2024

This home is located at 86 Scheerer Ave, Newark, NJ 07112 since 20 May 2024 and is currently estimated at $656,171. This property was built in 2006. 86 Scheerer Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

PATRICK FOX JR

AMERICAN REALTY SERVICES GROUP Brokerage Phone: 973-258-0888 Listed on: 05/20/2024

Last Buyer's Agent

Tara Roufanis

KELLER WILLIAMS VILLAGE SQUARE

KELLER WILLIAMS VILLAGE SQUARE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,217

Year Built

  • Built in 2006

Lot Details

  • 25 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,217

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Year Built: 2006
  • County Name: Essex
  • Street Number Display: 86
  • I D: 5288558
  • Modified: 2025-08-09
  • Number Images: 1
  • Attribution Contact: 973-258-0888
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25 X 100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jun 10, 2024
Sold by
Lsf9 Master Participation Trust and Us Bank Trust Na
Bought by
Bakare Folakemi
Seller's Agent
PATRICK FOX JR
AMERICAN REALTY SERVICES GROUP
Buyer's Agent
Tara Roufanis
KELLER WILLIAMS VILLAGE SQUARE
List Price
$644,900
Sold Price
$690,000
Premium/Discount to List
$45,100
6.99%
Views
10
Current Estimated Value
$656,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,829
Avg. Annual Appreciation
0.82%
Original Mortgage
$652,650
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2014
Sold by
Fontoura Armando B
Bought by
Wells Fargo Bank Na and Tyree Donna

Purchase Details

Closed on
May 29, 2009
Sold by
Tjf Consulting Llc
Bought by
Tyree Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,316
Interest Rate
4.91%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2008
Sold by
Consumer Solutions Reo Llc
Bought by
Tjf Consulting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2008
Sold by
Berger Juarez
Bought by
Consumer Solutions Reo Llc

Purchase Details

Closed on
May 26, 2006
Sold by
Vagueiro Luis
Bought by
Berger Juarez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 2, 2005
Sold by
Gray Ayres
Bought by
Vagueiro Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.14%
Source: Public Records

Range of Values:

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
Bakare Folakemi $690,000 Coastal Title
Wells Fargo Bank Na $408,492 None Available
Tyree Donna $369,000 Title Works Inc
Tjf Consulting Llc $160,000 None Available
Consumer Solutions Reo Llc -- United General Title Ins Co
Berger Juarez $440,000 --
Vagueiro Luis $1,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bakare Folakemi $652,650
Previous Owner Tyree Donna $362,316
Previous Owner Tjf Consulting Llc $120,000
Previous Owner Berger Juarez $352,000
Previous Owner Vagueiro Luis $156,000
Closed Wells Fargo Bank Na --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $690,000 +7.0% --
06/06/2024 06/06/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $644,900 -- --
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 $8,217 $220,400 $16,300 $204,100
2024 $8,217 $220,400 $16,300 $204,100
2022 $8,234 $220,400 $16,300 $204,100
2021 $8,230 $220,400 $16,300 $204,100
2020 $8,375 $220,400 $16,300 $204,100
2019 $8,289 $220,400 $16,300 $204,100
2018 $8,139 $220,400 $16,300 $204,100
2017 $7,846 $220,400 $16,300 $204,100
2016 $7,582 $220,400 $16,300 $204,100
2015 $7,293 $220,400 $16,300 $204,100
2014 $6,835 $220,400 $16,300 $204,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    PATRICK FOX JR

    AMERICAN REALTY SERVICES GROUP

  • Tara Roufanis

    Buyer's Agent in 2024

    Tara Roufanis

    KELLER WILLIAMS VILLAGE SQUARE

    (917) 757-2785

    1 in this area

    127 Total Sales

    Tara Roufanis
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3902881

Garden State MLS

APN: 14-03656-0000-00006

New Jersey Essex County Newark 07112 Weequahic

86 Scheerer Ave, Newark, NJ

This home is located at 86 Scheerer Ave, Newark, NJ 07112 since 20 May 2024 and is currently estimated at $656,171. This property was built in 2006. 86 Scheerer Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

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