Seller's Agent in 2025
DARRELL BAILEY
RE/MAX
(862) 254-8827
6 in this area
157 Total Sales
114 S 15th St Newark, NJ 07107
Fairmount NeighborhoodEstimated Value: $817,000 - $854,637
6
Beds
4.5
Baths
--
Sq Ft
2,614
Sq Ft
About This Home
As of February 2025Under Construction: The remarkably spacious new construction two-family building is located in the Fairmount section of Newark near Rutgers & NJIT University and UMDNJ Hospital. Step inside to a stunning living and dining room featuring a large open plan layout that is perfect for hosting and allows for versatile furniture arrangements. At the heart of each apartment is a beautifully designed gourmet kitchen, equipped with ample countertop space, cabinets, a large island of modern stainless-steel appliances, hardwood flooring, and a washer hook-up in both units. Stunning master bedroom with a full bathroom that includes a walk-in closet. The ground floor level features a recreational area with a bathroom and an ideal space for relaxation and entertainment. It has a low-maintenance garden, an in-built garage, and off-street parking for 2 cars. Potential rental income is between $6000-$7000K monthly and great location. 5-year tax abatement & 10 Year Home Warranty.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $805
Lot Details
- 2,801
Parking
- 1 Car Garage
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
Additional Features
- Laundry in unit
- 2,801 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00057 / 01861
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2024
Closed on
Feb 14, 2025
Sold by
Lionheart Development Limited Liability and Lionheart Development Llc
Bought by
Joseph Tamika
Seller's Agent
DARRELL BAILEY
RE/MAX First Realty II
Buyer's Agent
RAEEMAH REDD
Keller Williams Realty - NJ Metro Group
List Price
$825,000
Sold Price
$805,000
Premium/Discount to List
-$20,000
-2.42%
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,909
Avg. Annual Appreciation
3.31%
Original Mortgage
$684,250
Outstanding Balance
$680,200
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$151,709
Purchase Details
Closed on
May 10, 2024
Sold by
Lionheart Development Llc
Bought by
Lionheart Development Limited Liability Compa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.32%
Mortgage Type
Construction
Purchase Details
Closed on
May 20, 2022
Sold by
City Of Newark
Bought by
Lionheart Development Llc
Purchase Details
Closed on
May 17, 2006
Purchase Details
Closed on
Aug 27, 1990
Sold by
Burr Samuel
Bought by
Heyward Robert
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Joseph Tamika | $805,000 | Zwiren Title | |
| Lionheart Development Limited Liability Compa | -- | None Listed On Document | |
| Lionheart Development Llc | $16,800 | Westcor Land Title | |
| -- | $20,000 | -- | |
| Heyward Robert | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Joseph Tamika | $684,250 | |
| Previous Owner | Lionheart Development Limited Liability Compa | $480,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $805,000 | -2.4% | -- |
| 01/01/2025 01/01/25 | Pending | -- | -- | -- |
| 11/09/2024 11/09/24 | For Sale | $825,000 | -- | -- |
Source: New Jersey MLS
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 | $805 | $21,600 | $21,600 | -- |
| 2024 | $805 | $21,600 | $21,600 | -- |
| 2022 | -- | $21,600 | $21,600 | $0 |
| 2021 | $0 | $21,600 | $21,600 | $0 |
| 2020 | $0 | $21,600 | $21,600 | $0 |
| 2019 | $0 | $21,600 | $21,600 | $0 |
| 2018 | $0 | $21,600 | $21,600 | $0 |
| 2017 | $0 | $21,600 | $21,600 | $0 |
| 2016 | $0 | $21,600 | $21,600 | $0 |
| 2015 | $715 | $21,600 | $21,600 | $0 |
| 2014 | $670 | $21,600 | $21,600 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
DARRELL BAILEY
-
RAEEMAH REDD
R
Seller Co-Listing Agent in 2025
RAEEMAH REDD
Keller Williams Realty - NJ Metro Group
(973) 441-6350
5 in this area
52 Total Sales
Map
Source: New Jersey MLS
MLS Number: 24035992
APN: 14-01861-0000-00057
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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