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25 Melrose Avenue

25 Melrose Avenue, Newark, NJ 07106
Sold Jan 19, 2022
$345
$338,751 by Royal Pacific Funding Corp
Mortgage Due Jan 01, 2052
Sold Nov 05, 2020
$135,000
25 Melrose Avenue in Newark, NJ was first built in 1952 and is 72 years old. This has been categorized as a residential property type. There are a total of 2 floors. 25 Melrose Avenue has 2,184 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 334 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 3,341 square feet.

Learn more about the property and building on this page. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Dec 3, 2021 for $345. That's $0.16 per sqft. Prior to that sales transaction, the property was also sold in Sep 15, 2020 for $135,000. 25 Melrose Avenue was last assessed in 2022. The total value of the property was assessed at $119,700. Specifically, the land the property is located on was valued at $17,300. While improvements on the property were assessed at a total of $102,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,472. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,341
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 334
  • Total Building Area: 2,184
  • Building Area: 2,184
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,184
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.077
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FINCH QUWAN
  • Previous Owner : 39-41 KENMORE AVE LLC
  • Owner Before Previous Owner: ERIC WILLIAMS REALTY LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 002400

Geography

  • Assessors Map Reference: TAX MAP 68
  • District: 14
  • Parcel: 14 04041- 01-00038
  • Block: 4041.01
  • Lot: 38
  • Municipality: NEWARK CITY
  • Latitude: 40.7392
  • Longitude: -74.2242

    Address

  • Full Address: 25 Melrose Ave
  • Address - House Number: 25
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C080
  • 4-Digit Zip Code: 2707
  • Zip Code: 07106

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,472

    Appraisal Valuation

  • Standard Deviation: 0.256
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 63
  • Final Value: 365,887
  • High Value: 459,554
  • Low Value: 272,220

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $338,751
  • First Open Lien Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jan 19, 2022
  • First Open Lien Mortgage Loan Amount: $338,751
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $119,700
  • Market Land Value: $17,300
  • Market Improvement Value: $102,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,700
  • Assessed Land Value: $17,300
  • Assessed Improvements Value: $102,400

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Jan 19, 2022
  • Current Sale Transaction ID: 11879127269
  • Current Sale Price: $345
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 4895
  • Previous Sale Recording Date: Nov 05, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Mortgage Transaction Date: Jan 19, 2022
  • First Mortgage Loan Amount: $338,751
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

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Frequently Asked Questions

What neighborhood is 25 Melrose Avenue located in?
The 25 Melrose Avenue is a house located in the neighborhood of Lower Vailsburg in Lower Vailsburg, Newark.
What is the average sales price for listings in 25 Melrose Avenue?
The average sales price for units in 25 Melrose Avenue is $0 currently.

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