NOT LISTED FOR SALE

87-89 Spruce St Newark, NJ 07108

Springfield-Belmont Neighborhood

Estimated Value: $751,618 - $909,000

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold November 14, 2023

Last sale price $700,000

Est. 18% increase in value since last sale

Current estimated payment $5,296/month

96 Days on Market

About This Home

As of November 2023

This home is located at 87-89 Spruce St, Newark, NJ 07108 since 04 May 2023 and is currently estimated at $823,405. This property was built in 1905. 87-89 Spruce St is a home located in Essex County with nearby schools including Cleveland Elementary School, Oliver Street School, and Sir Isaac Newton Elementary School.

Last Agent to Sell the Property

SHURAH JONES

BARRON LEGACY GROUP LLC Brokerage Phone: 973-771-5170 Listed on: 05/04/2023

Last Buyer's Agent

RICHARD F. GEORGES

EXIT PLATINUM REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,960

Year Built

  • Built in 1905

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,960

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Year Built: 1905
  • County Name: Essex
  • Street Number Display: 87-89
  • I D: 5218986
  • Modified: 2024-11-15
  • Number Images: 1
  • Attribution Contact: 973-771-5170
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 35X101.4
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
Nov 9, 2023
Sold by
Richard Jonah and Berner Nicholas
Bought by
Georges Richard F
Seller's Agent
SHURAH JONES
BARRON LEGACY GROUP LLC
Buyer's Agent
RICHARD F. GEORGES
EXIT PLATINUM REALTY
List Price
$700,000
Sold Price
$700,000
Views
334
Current Estimated Value
$823,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,405
Avg. Annual Appreciation
9.07%
Original Mortgage
$700,000
Outstanding Balance
$688,089
Interest Rate
7.63%
Mortgage Type
VA
Estimated Equity
$135,316

Purchase Details

Closed on
Aug 4, 2011
Sold by
Echavarria Angel and Martinez Charisse R
Bought by
Jimenez Diplan Caridad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,704
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 31, 2007
Sold by
Echavarria Angel
Bought by
Echavarria Angel and Martinez Echavarria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.21%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 30, 2002
Sold by
Lexis Realty Inc
Bought by
Echavarria Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,064
Interest Rate
6.24%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 2001
Sold by
First Union National Bank
Bought by
Lexis Realty Inc
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
Georges Richard F $700,000 None Listed On Document
Jimenez Diplan Caridad $130,000 None Available
Echavarria Angel -- First American Title Ins Co
Echavarria Angel $190,000 --
Lexis Realty Inc $45,000 --
Lexis Realty Inc $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Georges Richard F $700,000
Previous Owner Jimenez Diplan Caridad $126,704
Previous Owner Echavarria Angel $230,000
Previous Owner Echavarria Angel $187,064
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2023 11/14/23 Sold $700,000 0.0% --
08/08/2023 08/08/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $700,000 +71.6% --
10/30/2019 10/30/19 Sold $408,000 +6.0% -- View Prior Sale
09/13/2019 09/13/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $385,000 -- --
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 $10,960 $294,000 $42,500 $251,500
2024 $10,960 $294,000 $42,500 $251,500
2022 $10,984 $294,000 $42,500 $251,500
2021 $10,978 $294,000 $42,500 $251,500
2020 $11,172 $294,000 $42,500 $251,500
2019 $9,199 $244,600 $42,800 $201,800
2018 $9,033 $244,600 $42,800 $201,800
2017 $8,708 $244,600 $42,800 $201,800
2016 $8,414 $244,600 $42,800 $201,800
2015 $8,094 $244,600 $42,800 $201,800
2014 $7,585 $244,600 $42,800 $201,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    SHURAH JONES

    BARRON LEGACY GROUP LLC

  • R

    Buyer's Agent in 2023

    RICHARD F. GEORGES

    EXIT PLATINUM REALTY

  • R

    Seller's Agent in 2019

    RAFAEL FAJARDO

    FAJARDO REALTY GROUP

See All Agents

Map

Source: Garden State MLS

MLS Number: 3841963

Garden State MLS

APN: 14-02560-0000-00006

New Jersey Essex County Newark 07103 Springfield-Belmont

87-89 Spruce St, Newark, NJ

This home is located at 87-89 Spruce St, Newark, NJ 07108 since 04 May 2023 and is currently estimated at $823,405. This property was built in 1905. 87-89 Spruce St is a home located in Essex County with nearby schools including Cleveland Elementary School, Oliver Street School, and Sir Isaac Newton Elementary School.

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