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577 Newark Avenue

577 Newark Avenue, Kenilworth, NJ 07033
House in Union
Sold Apr 09, 2021
$545,000
$535,128 by Paramount Residential Mortgage
Mortgage Due Apr 01, 2051
Sold Sep 14, 2020
$225,200
577 Newark Avenue has been categorized by the local assessors in Kenilworth, NJ as a residential type of property. The building on the property was first built in 1913 and is 111 years old. The building has a total of 2 stories. In addition, 577 Newark Avenue has 1,409 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 280 ft. The area measurement of the land has been determined as 2,801 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 577 Newark Avenue was last sold in Mar 29, 2021 for $545,000. According to our calculations, that's $386.80 per sqft. Prior to that sales transaction, the property was sold for $225,200 in Jul 1, 2020. Current property owners are expected to pay $9,502 in taxes per year. The property on 577 Newark Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $165,400. To break that down further, the land itself was valued at $63,100. While improvements to the property were assessed at a total of $102,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,801
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,409
  • Building Area: 1,409
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,409
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.064
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LANE VICTORIA I
  • Previous Owner : PETER PECKERS LLC
  • Owner Before Previous Owner: SANTANDER BANK NA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Kenilworth Borough School District
  • Census Tract: 033600

Geography

  • District: 08
  • Parcel: 08 00139-0000-00008
  • Block: 139
  • Lot: 8
  • Municipality: KENILWORTH BORO
  • Latitude: 40.6736
  • Longitude: -74.2883

    Address

  • Full Address: 577 Newark Ave
  • Address - House Number: 577
  • Address - Street Name: Newark
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Kenilworth
  • Carrier Code: C004
  • 4-Digit Zip Code: 1645
  • Zip Code: 07033

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,502

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 605,475
  • High Value: 735,511
  • Low Value: 475,438

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $587,867
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 09, 2021
  • First Open Lien Mortgage Loan Amount: $535,128
  • 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: Apr 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Jun 09, 2023
  • Second Open Lien Mortgage Loan Amount: $52,739
  • Second Open Lien Mortgage Term: 333
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $165,400
  • Market Land Value: $63,100
  • Market Improvement Value: $102,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $165,400
  • Assessed Land Value: $63,100
  • Assessed Improvements Value: $102,300

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Apr 09, 2021
  • Current Sale Transaction ID: 11830674344
  • Current Sale Price: $545,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 3513
  • Previous Sale Recording Date: Sep 14, 2020
  • Previous Sale Contract Date: Jul 01, 2020
  • Previous Sale Amount: $225,200
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Apr 09, 2021
  • First Mortgage Loan Amount: $535,128
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2051

About Kenilworth



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Frequently Asked Questions

What neighborhood is 577 Newark Avenue located in?
The 577 Newark Avenue is a house located in the neighborhood of Union in Kenilworth, Kenilworth.
What is the average sales price for listings in 577 Newark Avenue?
The average sales price for units in 577 Newark Avenue is $0 currently.

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