$690,000
SOLD AUG 8, 2024

86 Scheerer Ave Newark, NJ 07112

Weequahic Neighborhood
-- Bed
-- Bath
-- Sq Ft
25 Sq Ft Lot

Recently Sold

7% Above List Price

17 Days on Market

About This Home

As of August 2024

This home is located at 86 Scheerer Ave, Newark, NJ 07112 and is currently priced at $690,000. 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

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: 2024-08-08
  • 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%
Total Days on Market
17
Views
10
Current Estimated Value
$696,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,444
Avg. Annual Appreciation
1.21%
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%

Map

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

Similar Homes in Newark, NJ

  • 61-63 Wainwright St, Newark, NJ 07112

    $669,999

    • Studio
    • 3,222 Sq Ft
    • 61-63 Wainwright St
    • Newark, NJ

    Are you seeking to owner-occupy or rent an income producing property? this is the perfect opportunity to do BOTH. This property has low taxes $7,073. The property has separate entrances. There are separate electrical panels, hot water heaters and furnaces for each unit of the home. The location is conveniently located near route 78,GSP, Newark Airport, schools and transportation. This

    Sylvia Robinson-Boyer HomeSmart First Advantage Realty

    Section Image
  • 287 Garside St, Newark, NJ 07104

    $699,000

    • Studio
    • 3,700 Sq Ft
    • 287 Garside St
    • Newark, NJ

    Welcome to 287 Garside, a spacious two-family home situated in one of Newark's most convenient and sought-after neighborhoods. This versatile property offers remarkable potential for both investors and those looking to occupy a unit themselves.Each unit boasts a generous layout, providing ample living space with a total of 8 bedrooms and 5 full bathrooms across the home. The finished basement

    Chris McFarland EXP Realty, LLC

    Section Image
See All Homes in Newark

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $690,000 Coastal Title
Personal Reps Deed $408,492 None Available
Deed $369,000 Title Works Inc
Deed $160,000 None Available
Sheriffs Deed -- United General Title Ins Co
Deed $440,000 --
Deed $1,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $652,650 New Conventional
Previous Owner $362,316 FHA
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $384,000 Adjustable Rate Mortgage/ARM
Previous Owner $96,000 Stand Alone Second
Previous Owner $352,000 Adjustable Rate Mortgage/ARM
Previous Owner $156,000 No Value Available
Closed -- No Value Available
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

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
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

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

Homes for Sale in Newark, NJ

This home is located at 86 Scheerer Ave, Newark, NJ 07112 and is currently priced at $690,000. 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.

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