NOT LISTED FOR SALE

88 Lakewood Terrace Bloomfield, NJ 07003

Estimated Value: $769,647 - $842,000

7 Beds
3 Baths
-- Sq Ft
0.26 Acres

Last Sold December 19, 2022

Last sale price $635,000

Est. 28% increase in value since last sale

Current estimated payment $5,612/month

20 Days on Market

About This Home

As of December 2022

Welcome Home! This roomy two-family house features two floors with separate apartments, each with three bedrooms, eat-in kitchen, full bath and wood floors. A large laundry room serves the basement and first floors. The first floor unit has a formal dining room. The second floor has its own laundry and was renovated this year with new flooring, updated kitchen with new appliances, and renovated bath with rainfall shower head. The expansive basement can be used as an in-law suite with full bath, summer kitchen, bedroom and office. There is parking for four cars. A large fenced side yard and paver patio in back offers plenty of outdoor space. Lo

Last Agent to Sell the Property

Jennifer Matesic

Compass New Jersey, LLC-Montclair Listed on: 10/19/2022

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

LUIS MONTES DE OCA

Exit Golden Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,870

Lot Details

  • 0.26

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 0.26 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 00061 / 00871

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,870

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, In Unit
  • Co List Office Phone: 973-783-7400
  • MLS Status: Sold - Sold
  • Directions: Bay Avenue to Lakewood Terrace.
  • Architectural Style: 2 Family
  • Year Built Details: 1960's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Remarks: Finished, Bedroom, Full Bathroom, Summer Kitchen

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected

Lot Info

  • Lot Size Sq Ft: 11217.0

Tax Info

  • Tax Annual Amount: 13870.0
  • Tax Block: 00871
  • Tax Lot: 00061

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Dec 6, 2022
Sold by
Mattern-Mcclory Rachel
Bought by
Gomez Maria A and Fuentes Rene A
Seller's Agent
Jennifer Matesic
Compass New Jersey, LLC-Montclair
Buyer's Agent
LUIS MONTES DE OCA
Exit Golden Realty Group, LLC
List Price
$585,000
Sold Price
$635,000
Premium/Discount to List
$50,000
8.55%
Views
17
Current Estimated Value
$810,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,912
Avg. Annual Appreciation
8.74%
Original Mortgage
$553,520
Outstanding Balance
$536,922
Interest Rate
6.58%
Mortgage Type
FHA
Estimated Equity
$259,892

Purchase Details

Closed on
Apr 23, 2021
Sold by
88 Lakewood Llc
Bought by
Whitehead Derek

Purchase Details

Closed on
Aug 17, 2015
Sold by
Whitehead Derek
Bought by
88 Lakewood Llc

Purchase Details

Listed on
Dec 6, 2013
Closed on
Dec 6, 2013
Bought by
Whitehead Derek
Seller's Agent
Marylisa Egidio
COLDWELL BANKER REALTY
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$288,750
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gomez Maria A $644,000 Simplicity Title
Whitehead Derek -- Zwiren Title Agency Inc
88 Lakewood Llc $100 --
Whitehead Derek $385,000 --
Whitehead Derek -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Maria A $553,520
Previous Owner Whitehead Derek $288,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Sold $635,000 +8.5% --
11/08/2022 11/08/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $585,000 +51.9% --
12/06/2013 12/06/13 Sold $385,000 -- --
Source: New 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 $14,422 $441,300 $150,600 $290,700
2024 $14,422 $441,300 $150,600 $290,700
2022 $14,130 $441,300 $150,600 $290,700
2021 $13,870 $441,300 $150,600 $290,700
2020 $13,658 $441,300 $150,600 $290,700
2019 $13,886 $348,800 $138,600 $210,200
2018 $13,826 $348,800 $138,600 $210,200
2017 $13,617 $348,800 $138,600 $210,200
2016 $13,464 $348,800 $138,600 $210,200
2015 $13,342 $348,800 $138,600 $210,200
2014 $12,847 $348,800 $138,600 $210,200
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Matesic

    Seller's Agent in 2022

    Jennifer Matesic

    Compass New Jersey, LLC-Montclair

    (201) 281-0805

    1 in this area

    43 Total Sales

    Jennifer Matesic
    Section Image
  • LUIS MONTES DE OCA

    Buyer's Agent in 2022

    LUIS MONTES DE OCA

    Exit Golden Realty Group, LLC

    (201) 753-2412

    2 in this area

    85 Total Sales

    LUIS MONTES DE OCA
    Section Image

  • M

    Seller's Agent in 2013

    Marylisa Egidio

    COLDWELL BANKER REALTY

    (973) 509-2222

    1 in this area

    46 Total Sales

    Marylisa Egidio
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22038137

New Jersey MLS

APN: 02-00871-0000-00061

New Jersey Essex County Bloomfield 07003

88 Lakewood Terrace, Bloomfield, NJ

This home is located at 88 Lakewood Terrace, Bloomfield, NJ 07003 since 19 October 2022 and is currently estimated at $810,912. 88 Lakewood Terrace is a home located in Essex County with nearby schools including Demarest School, Bloomfield Middle School, and Bloomfield High 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.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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