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74 Sussex Avenue

74 Sussex Avenue, Newark, NJ 07103
Sold Oct 16, 2014
$35,000
$300,000 by Silver Hill Funding Llc
Mortgage Due Sep 01, 2052
Sold Oct 10, 2013
$70,000
74 Sussex Avenue in Newark, NJ was first built in 1897 and is 127 years old. This has been categorized as a residential property type. There are a total of 2 floors. 74 Sussex Avenue has 1,370 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 256 ft and the linear feet between the front and back of the lot is 795. In total, the area measurement of the land is 5,131 square feet.

Learn more about the property and building on this page. 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. 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, 74 Sussex Avenue was last sold in May 27, 2014 for $35,000. According to our calculations, that's $25.55 per sqft. Prior to that sales transaction, the property was sold for $70,000 in Oct 8, 2013. Current property owners are expected to pay $4,778 in taxes per year. The property on 74 Sussex Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $127,900. To break that down further, the land itself was valued at $39,700. While improvements to the property were assessed at a total of $88,200. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1897
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,131
  • Lot Size Depth Feet: 795
  • Lot Size Frontage Feet: 256
  • Total Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,370
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SACCO STEVEN
  • Current Owner 2: REID DONALD
  • Previous Owner : SACCO STEVEN
  • Previous Owner 2: REID DONALD
  • Owner Before Previous Owner: ADETULE RICHARD
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 001000

Geography

  • Assessors Map Reference: TAX MAP 36
  • District: 14
  • Parcel: 14 02835-0000-00006
  • Block: 2835
  • Lot: 6
  • Municipality: NEWARK CITY
  • Latitude: 40.7456
  • Longitude: -74.1787

    Address

  • Full Address: 74 Sussex Ave
  • Address - House Number: 74
  • Address - Street Name: Sussex
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C033
  • 4-Digit Zip Code: 3938
  • Zip Code: 07103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,778

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 62
  • Final Value: 223,272
  • High Value: 265,562
  • Low Value: 180,981

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: SILVER HILL FUNDING LLC
  • First Open Lien Mortgage Recording Date: Sep 01, 2022
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $127,900
  • Market Land Value: $39,700
  • Market Improvement Value: $88,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $127,900
  • Assessed Land Value: $39,700
  • Assessed Improvements Value: $88,200

    Sales

  • Current Sale Contract Date: May 27, 2014
  • Current Sale Recording Date: Oct 16, 2014
  • Current Sale Transaction ID: 11551885346
  • Current Sale Price: $35,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 10, 2013
  • Previous Sale Contract Date: Oct 08, 2013
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Deed

About University Heights



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Frequently Asked Questions

What neighborhood is 74 Sussex Avenue located in?
The 74 Sussex Avenue is a located in the neighborhood of University Heights in University Heights, Newark.
What is the average sales price for listings in 74 Sussex Avenue?
The average sales price for units in 74 Sussex Avenue is $0 currently.

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