NOT LISTED FOR SALE

118 16th Ave Newark, NJ 07103

West Side Neighborhood

Estimated Value: $728,000

-- Bed
-- Bath
-- Sq Ft
2,004 Sq Ft Lot

Last Sold October 14, 2016

Last sale price $44,900

Est. 1,521% increase in value since last sale

Current estimated payment $4,395/month

36 Days on Market

About This Home

As of October 2016

3 family home in need of rehab and repairs

Last Agent to Sell the Property

Nicholas Verdi

KELLER WILLIAMS CITY VIEWS License #9700045 Listed on: 07/07/2016

KELLER WILLIAMS CITY VIEWS

Last Buyer's Agent

NON-MEMBER NON-MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,004

Home Design

  • Aluminum Siding

Interior Spaces

  • Multi-Level Property

Listing and Financial Details

  • Legal Lot and Block 00011 / 00302
  • Assessor Parcel Number 4578

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Multi-Level
  • Inclusions: all current contents
  • Assessor Parcel Number: 4578
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Garage/Parking

  • Parking Available: None

Utilities

  • Heating/Cooling: Other-See Remarks

Lot Info

  • Geo Address Line: 118 16th Ave
  • Geo Primary City: Newark
  • Geo Quality: 0.95
  • Geo Secondary City: Essex Co.
  • Lot: 00011

Tax Info

  • Taxes: 5640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Reo Renovators Llc
Bought by
Skf Management Llc
Current Estimated Value
$728,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$245,957
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$482,043

Purchase Details

Listed on
Jul 7, 2016
Closed on
Aug 30, 2016
Sold by
Wells Fargo Bank N A
Bought by
Reo Renovatora Llc
Seller's Agent
Nicholas Verdi
KELLER WILLIAMS CITY VIEWS
Buyer's Agent
NON-MEMBER NON-MEMBER
NON-MEMBER
List Price
$44,900
Sold Price
$44,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.59%

Purchase Details

Closed on
May 1, 2015
Sold by
Fontoura Armando B
Bought by
Wells Fargo Bank Na and Rodriguez Anthony
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Skf Management Llc -- Residential Commercial Title
Reo Renovatora Llc $44,900 None Available
Wells Fargo Bank Na $476,783 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skf Management Llc $275,000
Closed Wells Fargo Bank Na --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2016 10/14/16 Sold $44,900 0.0% --
08/12/2016 08/12/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $44,900 -- --
Source: Hudson County 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
2025 $6,781 $181,900 $80,000 $101,900
2024 $6,781 $181,900 $80,000 $101,900
2022 $6,796 $181,900 $80,000 $101,900
2021 $6,792 $181,900 $80,000 $101,900
2020 $6,912 $181,900 $80,000 $101,900
2019 $6,841 $181,900 $80,000 $101,900
2018 $6,718 $181,900 $80,000 $101,900
2017 $6,476 $181,900 $80,000 $101,900
2016 $6,257 $181,900 $80,000 $101,900
2015 $6,019 $181,900 $80,000 $101,900
2014 $5,641 $181,900 $80,000 $101,900
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Verdi

    Seller's Agent in 2016

    Nicholas Verdi

    KELLER WILLIAMS CITY VIEWS

    (973) 769-1009

    10 in this area

    163 Total Sales

    Nicholas Verdi
    Section Image

  • N

    Buyer's Agent in 2016

    NON-MEMBER NON-MEMBER

    NON-MEMBER

See All Agents

Map

Source: Hudson County MLS

MLS Number: 160010161

Hudson County MLS

APN: 14-00302-0000-00011

New Jersey Essex County Newark 07103 West Side

118 16th Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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