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: 973-678-4688Listed 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
DateNameOwned ForOwner Type
Jan 2021 - PresentDavidovitz Menashe4 Years and 5 Months
Private Individual
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
Feb 2020 - Jan 2021Davidovitz Menashe11 Months
Private Individual
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
Feb 2020 - Feb 2020116 118 Scheerer Ave Associates LlcLess than a month
Company
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
Apr 2014 - Feb 2020Mack Kareem5 Years and 10 Months
Private Individual
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
Jun 2013 - Apr 2014Yadav Amol and Gawri Michael10 Months
Private Individual
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%
Oct 2010 - Jun 2013Housing & Urban Dev2 Years and 8 Months
Private Individual
Purchase Details
Closed on
Oct 19, 2010
Sold by
Sheriff Amando Fontoura
Bought by
Housing & Urban Dev
Feb 2006 - Oct 2010Sharpe Karol Mclean4 Years and 8 Months
Private Individual
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
Aug 2005 - Feb 2006Rar Assoc Llc6 Months
Company
Purchase Details
Closed on
Aug 18, 2005
Sold by
Cosby Leonard
Bought by
Rar Assoc Llc
Jun 2002 - Aug 2005Terry April3 Years and 2 Months
Private Individual
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%
Sep 2000 - Jun 2002Coleman Annie1 Year and 9 Months
Private Individual
Purchase Details
Closed on
Sep 1, 2000
Sold by
Roselynd 2000 Llc
Bought by
Coleman Annie
Jun 1997 - Sep 2000Flores Providencia3 Years and 3 Months
Company
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%
Jan 1997 - Jun 1997Bayview5 Months
Private Individual
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%
Sep 1991 - Jan 1997Gainer Walte5 Years and 4 Months
This four-family property located in the bustling heart of Newark, New Jersey, offers a unique investment opportunity with substantial income potential. Each unit features two bedrooms and one bathroom, boasting spacious layouts and modern amenities. l. Conveniently situated near public transportation, local shops, and essential services, this property promises a steady rental market. The
CHRISTOPHER VELASTEGUIKeller Williams City Views Realty
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Average Value
Not Available
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
06/26/201306/26/13
Sold
$68,000
--
--
Source: Garden State MLS
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
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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