NOT LISTED FOR SALE

116-118 Scheerer Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $489,332 - $595,000

-- Bed
-- Bath
-- Sq Ft
62 Sq Ft Lot

Last Sold June 26, 2013

Last sale price $68,000

Est. 671% increase in value since last sale

Current estimated payment $3,305/month

About This Home

As of June 2013

This home is located at 116-118 Scheerer Ave, Newark, NJ 07112 since 26 June 2013 and is currently estimated at $524,333. This property was built in 1912. 116-118 Scheerer Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Last Listed By

CYNTHIA M. BIANCHI

FEDERATED HOMES REALTY, INC. Brokerage Phone: 973-678-4688 Listed on: 06/26/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,263

Year Built

  • Built in 1912

Lot Details

  • 62 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,263

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Year Built: 1912
  • County Name: Essex
  • Street Number Display: 116-118
  • I D: 4327004
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-678-4688
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 62.6X100
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2021
Sold by
116 118 Scheerer Ave Associates Llc
Bought by
Davidovitz Menashe
Total Days on Market
0
Current Estimated Value
$524,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2020
Sold by
Jpmorgan Chase Bank Na
Bought by
Davidovitz Menashe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2020
Sold by
Davidovitz Menashe
Bought by
116 118 Scheerer Ave Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2014
Sold by
Yadav Amol and Gawri Michael
Bought by
Mack Kareem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 26, 2013
Closed on
Jun 25, 2013
Sold by
Housing & Urban Dev
Bought by
Yadav Amol and Gawri Michael
Seller's Agent
CYNTHIA M. BIANCHI
FEDERATED HOMES REALTY, INC.
Sold Price
$68,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.26%

Purchase Details

Closed on
Oct 19, 2010
Sold by
Sheriff Amando Fontoura
Bought by
Housing & Urban Dev

Purchase Details

Closed on
Feb 28, 2006
Sold by
Rar Assoc Llc
Bought by
Sharpe Karol Mclean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,335
Interest Rate
6.28%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 2005
Sold by
Cosby Leonard
Bought by
Rar Assoc Llc

Purchase Details

Closed on
Jun 18, 2002
Sold by
Hud
Bought by
Terry April

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,557
Interest Rate
6.81%

Purchase Details

Closed on
Sep 1, 2000
Sold by
Roselynd 2000 Llc
Bought by
Coleman Annie

Purchase Details

Closed on
Jun 27, 1997
Sold by
Bayview Realty
Bought by
Flores Providencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.7%

Purchase Details

Closed on
Jan 10, 1997
Sold by
American Genl Fin
Bought by
Bayview

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.59%

Purchase Details

Closed on
Sep 19, 1991
Sold by
Gainer Walter
Bought by
Gainer Walte
Source: Public Records

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Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Davidovitz Menashe -- Cross Bridge Title
Davidovitz Menashe $280,500 Riverside Abstract Llc
116 118 Scheerer Ave Associates Llc -- Old Republic Natl Ttl Ins Co
Mack Kareem -- None Available
Yadav Amol $68,000 --
Housing & Urban Dev $100 --
Sharpe Karol Mclean $340,000 --
Rar Assoc Llc $135,000 --
Terry April $87,501 --
Coleman Annie $133,000 --
Coleman Annie $133,000 --
Flores Providencia $120,000 --
Bayview $35,500 --
Gainer Walte -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davidovitz Menashe $262,839
Closed Davidovitz Menashe $307,500
Previous Owner 116 118 Scheerer Ave Associates Llc $294,500
Previous Owner Mack Kareem $274,928
Previous Owner Sharpe Karol Mclean $337,335
Previous Owner Terry April $130,557
Previous Owner Flores Providencia $84,000
Previous Owner Bayview $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2013 06/26/13 Sold $68,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $6,263 $168,000 $32,300 $135,700
2022 $6,276 $168,000 $32,300 $135,700
2021 $6,273 $168,000 $32,300 $135,700
2020 $6,384 $168,000 $32,300 $135,700
2019 $6,318 $168,000 $32,300 $135,700
2018 $6,204 $168,000 $32,300 $135,700
2017 $5,981 $168,000 $32,300 $135,700
2016 $5,779 $168,000 $32,300 $135,700
2015 $5,559 $168,000 $32,300 $135,700
2014 $5,210 $168,000 $32,300 $135,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    CYNTHIA M. BIANCHI

    FEDERATED HOMES REALTY, INC.

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Map

Source: Garden State MLS

MLS Number: 3033254

Garden State MLS

APN: 14-03665-0000-00012

New Jersey Essex County Newark 07112 Weequahic

116-118 Scheerer Ave, Newark, NJ

This home is located at 116-118 Scheerer Ave, Newark, NJ 07112 since 26 June 2013 and is currently estimated at $524,333. This property was built in 1912. 116-118 Scheerer Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

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