NOT LISTED FOR SALE

116 S 7th St Newark, NJ 07107

Fairmount Neighborhood

Estimated Value: $245,000 - $648,957

-- Bed
-- Bath
-- Sq Ft
29 Sq Ft Lot

Last Sold January 18, 2017

Last sale price $33,500

Est. 1,458% increase in value since last sale

Current estimated payment $3,402/month

39 Days on Market

About This Home

As of January 2017

This home is located at 116 S 7th St, Newark, NJ 07107 since 11 April 2016 and is currently estimated at $521,989. This property was built in 1903. 116 S 7th St is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Camden Street Elementary School, and Cleveland Elementary School.

Last Listed By

JOSE DE OLIVEIRA

VYLLA HOME Brokerage Phone: 973-577-4448 Listed on: 04/11/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,801

Year Built

  • Built in 1903

Lot Details

  • 29 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,801

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Year Built: 1903
  • County Name: Essex
  • Street Number Display: 116
  • I D: 4616734
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-577-4448
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 29 X 113.9
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2024
Sold by
Hmo Capital 1 Llc
Bought by
116 S 7 Llc
Total Days on Market
39
Current Estimated Value
$521,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,000
Outstanding Balance
$512,316
Interest Rate
7.03%
Mortgage Type
Construction
Estimated Equity
-$8,325

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jan 23, 2017
Sold by
Stead Christopher
Bought by
Hmo Capital 1 Llc
Seller's Agent
JOSE DE OLIVEIRA
VYLLA HOME
List Price
$15,000
Sold Price
$33,500
Premium/Discount to List
$18,500
123.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.14%

Purchase Details

Closed on
Oct 27, 2016
Sold by
Wells Fargo Bank National Association
Bought by
Stead Christopher

Purchase Details

Closed on
Apr 21, 2015
Sold by
Fontoura Armando B
Bought by
Wells Fargo Bank Na and Fernandez Rafael

Purchase Details

Closed on
Nov 10, 2005
Sold by
Coach Junio
Bought by
Fernandez Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.82%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 5, 2002
Sold by
116 S 7Th Associates Llc
Bought by
Coach Junior

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,902
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 23, 1999
Sold by
Dch Funding
Bought by
Byrd Rachelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,944
Interest Rate
8.15%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 1999
Sold by
Armand Jerry
Bought by
Dch Funding

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,944
Interest Rate
8.15%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 1998
Sold by
Edwards Elizabeth
Bought by
Lampin Realty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.11%
Source: Public Records

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Range of Values:

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Average Value
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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
116 S 7 Llc $620,000 Cross Bridge Title
Hmo Capital 1 Llc $33,500 None Available
Stead Christopher $33,500 None Available
Wells Fargo Bank Na $338,369 None Available
Fernandez Rafael $280,000 --
Coach Junior $140,000 --
Byrd Rachelle $110,000 --
Dch Funding $61,000 --
Lampin Realty $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 116 S 7 Llc $518,000
Previous Owner Fernandez Rafael $224,000
Previous Owner Coach Junioir L $191,500
Previous Owner Coach Junior $138,902
Previous Owner Byrd Rachelle $109,944
Previous Owner Lampin Realty $77,000
Closed Wells Fargo Bank Na --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Off Market $2,350 -- --
01/20/2025 01/20/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $2,350 -- --
03/04/2024 03/04/24 For Rent $2,350 0.0% --
01/18/2017 01/18/17 Sold $33,500 +123.3% --
05/20/2016 05/20/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $15,000 -- --
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 $5,801 $155,600 $33,000 $122,600
2022 $5,813 $155,600 $33,000 $122,600
2021 $5,810 $155,600 $33,000 $122,600
2020 $5,913 $155,600 $33,000 $122,600
2019 $5,852 $155,600 $33,000 $122,600
2018 $5,746 $155,600 $33,000 $122,600
2017 $5,539 $155,600 $33,000 $122,600
2016 $5,353 $155,600 $33,000 $122,600
2015 $5,149 $155,600 $33,000 $122,600
2014 $4,825 $155,600 $33,000 $122,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    JOSE DE OLIVEIRA

    VYLLA HOME

See All Agents

Map

Source: Garden State MLS

MLS Number: 3297818

Garden State MLS

APN: 14-01810-0000-00049

New Jersey Essex County Newark 07107 Fairmount

116 S 7th St, Newark, NJ

This home is located at 116 S 7th St, Newark, NJ 07107 since 11 April 2016 and is currently estimated at $521,989. This property was built in 1903. 116 S 7th St is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Camden Street Elementary School, and Cleveland Elementary School.

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