Essex County  »  07107  »  Franklin Ave  »  879-885 Franklin Ave

879-885 Franklin Avenue, Newark, NJ 07107 - Property report

Also known as: 879-885 Franklin Ave

Property image for 879-885 Franklin Avenue, Newark, NJ 07107
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Property type

Store-Convenience (730)

Acreage

0.246

Sale price

$825,000

General information

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Address
Primary address
879-885 Franklin Avenue
ZIP code
07107
County
Essex
Block
750
Lot
47
Neighborhood
Upper Roseville
Municipality
714
Qualifier
Parcel ID
750-47

Owner

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Sales
Sale date
01/12/2022
Sale price
$825,000
Arm's length
Tax
Tax year
2026
Current property tax
$19,995
Building
Property type
Store-Convenience (730)
Building sq. ft.
1,169
Exterior structural material
Lot
Acreage
0.246
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
76 /100.  Very Walkable
Transit score
69 /100.  Good Transit
Bike score
50 /100.  Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 879-885 Franklin Avenue, Newark, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 879-885 Franklin Avenue, Newark, NJ 07107

Sale date Sale price Buyer name Seller name
01/12/2022 $825,000 XXXXX XXX XXX XXX XXXXXXXX XXX., X.X.X; XXXXXX XXXXXX
12/16/2016 $675,000 XXX XXXXXXXX XXX, XXX XXXXXXXX XXXXXX, XXX
11/01/2016 $100 XXXXXXXX XXXXXX, XXX XXXXXXXX, XXXXX X. XXXXXXXX

*Most recent sales on record for this property.

More about Essex County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
03/21/2023 - R Mortgage Modification XXXXX XXXXXXXX XXXX XXXXX XXX XXX
03/17/2022 - R Mortgage XXXXX XXX XXX XXXXX XXXXXXXX XXXX
03/17/2022 - R Mortgage XXXXX XXX XXX XXXXX XXXXXXXX XXXX
03/17/2022 - R Mortgage XXXXX XXX XXX XXXXX XXXXXXXX XXXX
03/17/2022 - R Mortgage XXXXX XXX XXX XXXXX XXXXXXXX XXXX
03/17/2022 - R
01/12/2022 - D
Deed and Realty Tax Fees XXX XXXXXXXX XXX., X.X.X XXXXX XXX XXX
01/11/2017 - R
12/16/2016 - D
Deed and Realty Tax Fees XXXXXXXX XXXXXX, XXX XXX XXXXXXXX XXX, XXX
11/07/2016 - R
11/01/2016 - D
Deed and Realty Tax Fees XXXXXXXX, XXXXX X. XXXXXXXX XXXXXXXX XXXXXX, XXX
06/14/1984 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 879-885 Franklin Avenue, Newark, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026
Property tax
$19,995
Recent tax assessments
Market value
$500,000
Land value
$235,400
Building value
$264,600

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $500,000 $500,000 3.999 $19,995 -17.25%
2024 $635,400 $635,400 3.803 $24,164 +2.01%
2023 $635,400 $635,400 3.728 $23,688 +134.14%
2022 $270,800 $270,800 3.736 $10,117 +0.05%
2021 $270,800 $270,800 3.734 $10,112 -1.74%
2020 $270,800 $270,800 3.8 $10,290 +1.04%
2019 $270,800 $270,800 3.761 $10,185 +1.84%
2018 $270,800 $270,800 3.693 $10,001 +3.74%
2017 $270,800 $270,800 3.56 $9,640 +3.49%
2016 $270,800 $270,800 3.44 $9,316 +3.96%

Permit information for 879-885 Franklin Avenue, Newark, NJ

No recently recorded permits for this property.

Demographics by ZIP code

Total population
43,293
Median age
35.2
Average household income
$75,162
Family households
66.2%
People per household (average)
2.85
Occupied housing units
15,184
Owner-occupied units
29.1%
Median year structure built
1959
Median value mortgaged units
$399,000
Median value unmortgaged units
$325,100

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

Access the detailed traffic volume map for 879-885 Franklin Avenue, Newark, NJ 07107 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the market value of 879-885 Franklin Avenue, Newark, NJ 07107?

The current market value of 879-885 Franklin Avenue, Newark, NJ 07107 is $500,000.

What is the total square footage of 879-885 Franklin Avenue, Newark, NJ 07107?

879-885 Franklin Avenue, Newark, NJ 07107 has a total of 1,169 square feet.

What is the price per square foot for this property?

$705 per square foot is the price for 879-885 Franklin Avenue, Newark, NJ 07107.

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