NOT LISTED FOR SALE

118 Chestnut St Newark, NJ 07105

Ironbound Neighborhood

Estimated Value: $546,000 - $854,000

-- Bed
-- Bath
3,060 Sq Ft
$237/Sq Ft Est. Value

About This Home

This home is located at 118 Chestnut St, Newark, NJ 07105 and is currently estimated at $724,385, approximately $236 per square foot. 118 Chestnut St is a home located in Essex County with nearby schools including Oliver Street School, Lafayette Street Elementary School, and Cleveland Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Essex County Sheriff
Bought by
Freddie Mac Seasoned Loans Structured Transac and Community Dream Living
Current Estimated Value
$724,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$497,840
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$226,545

Purchase Details

Closed on
Sep 2, 2024
Sold by
Leite Manuel Mendes
Bought by
Marques Paulo Jorge Saraiv and Leite Manuel Mendes

Purchase Details

Closed on
Sep 3, 2004
Sold by
Marques Maria Fatima
Bought by
Leite Manuel Mendes

Purchase Details

Closed on
Nov 8, 1999
Sold by
Sumo Realty
Bought by
Marques Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,081
Interest Rate
7.76%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Freddie Mac Seasoned Loans Structured Transac $533,100 Atlantic Title & Settlement
Marques Paulo Jorge Saraiv -- None Listed On Document
Leite Manuel Mendes $460,000 --
Marques Maria $255,875 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freddie Mac Seasoned Loans Structured Transac $500,000
Previous Owner Marques Maria $243,081
Source: Public Records

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 $12,079 $324,000 $72,500 $251,500
2022 $12,105 $324,000 $72,500 $251,500
2021 $12,098 $324,000 $72,500 $251,500
2020 $12,312 $324,000 $72,500 $251,500
2019 $12,186 $324,000 $72,500 $251,500
2018 $11,965 $324,000 $72,500 $251,500
2017 $11,534 $324,000 $72,500 $251,500
2016 $11,146 $324,000 $72,500 $251,500
2015 $10,721 $324,000 $72,500 $251,500
2014 $10,047 $324,000 $72,500 $251,500
Source: Public Records

Map

New Jersey Essex County Newark 07105 Ironbound

118 Chestnut St, Newark, NJ

This home is located at 118 Chestnut St, Newark, NJ 07105 and is currently estimated at $724,385, approximately $236 per square foot. 118 Chestnut St is a home located in Essex County with nearby schools including Oliver Street School, Lafayette Street Elementary School, and Cleveland Elementary School.

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