NOT LISTED FOR SALE

88 Tremont Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $539,000 - $739,000

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold December 28, 2022

Last sale price $585,000

Est. 9% increase in value since last sale

Current estimated payment $3,934/month

38 Days on Market

About This Home

As of December 2022

This home is located at 88 Tremont Ave, Newark, NJ 07106 since 11 October 2022 and is currently estimated at $639,562. 88 Tremont Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

Michelet Jules

JULES REALTY Brokerage Phone: 973-792-0731 Listed on: 10/11/2022

Last Buyer's Agent

GREGORIO E. RACELIS JR.

RACELIS REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,383

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,383

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 88
  • I D: 5184538
  • Modified: 2023-12-29
  • Number Images: 1
  • Attribution Contact: 973-792-0731
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 40X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Dec 27, 2022
Sold by
Philips Jermaine
Bought by
Holman-Jackson Cheron J and Holman Sandra
Seller's Agent
Michelet Jules
JULES REALTY
Buyer's Agent
GREGORIO E. RACELIS JR.
RACELIS REALTY, INC
List Price
$619,900
Sold Price
$585,000
Premium/Discount to List
-$34,900
-5.63%
Views
90
Current Estimated Value
$639,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,562
Avg. Annual Appreciation
3.46%
Original Mortgage
$544,947
Outstanding Balance
$528,606
Interest Rate
6.58%
Mortgage Type
FHA
Estimated Equity
$110,956

Purchase Details

Closed on
Dec 17, 2007
Sold by
Younger Edna M and Camm Jeanette
Bought by
Philips Jermaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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

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
Holman-Jackson Cheron J $585,000 Stewart Title
Philips Jermaine $350,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holman-Jackson Cheron J $544,947
Previous Owner Phillips Jermaine $203,500
Previous Owner Philips Jermaine $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $585,000 -5.6% --
11/30/2022 11/30/22 Pending -- -- --
10/22/2022 10/22/22 For Sale $619,900 -- --
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 $5,383 $390,000 $13,100 $376,900
2024 $5,383 $390,000 $13,100 $376,900
2022 $5,395 $144,400 $13,100 $131,300
2021 $5,392 $144,400 $13,100 $131,300
2020 $5,487 $144,400 $13,100 $131,300
2019 $5,431 $144,400 $13,100 $131,300
2018 $5,333 $144,400 $13,100 $131,300
2017 $5,141 $144,400 $13,100 $131,300
2016 $4,967 $144,400 $13,100 $131,300
2015 $4,778 $144,400 $13,100 $131,300
2014 $4,478 $144,400 $13,100 $131,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelet Jules

    JULES REALTY

    (973) 964-4708

    1 in this area

    11 Total Sales

    Section Image

  • G

    Buyer's Agent in 2022

    GREGORIO E. RACELIS JR.

    RACELIS REALTY, INC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3812371

Garden State MLS

APN: 14-04214-0000-00004

New Jersey Essex County Newark 07106 Lower Vailsburg

88 Tremont Ave, Newark, NJ

This home is located at 88 Tremont Ave, Newark, NJ 07106 since 11 October 2022 and is currently estimated at $639,562. 88 Tremont Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon 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