NOT LISTED FOR SALE

14-16 Gareis St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $690,000 - $859,000

-- Bed
-- Bath
-- Sq Ft
3,500 Sq Ft Lot

Last Sold July 07, 2016

Last sale price $213,000

Est. 265% increase in value since last sale

Current estimated payment $4,909/month

70 Days on Market

About This Home

As of July 2016

This home is located at 14-16 Gareis St, Newark, NJ 07103 since 28 December 2015 and is currently estimated at $777,837. 14-16 Gareis St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Belmont Runyon School.

Last Agent to Sell the Property

RAJAEE BERNABELA

NEXTMOVZ REALTY LLC Brokerage Phone: 888-501-6953 Listed on: 12/28/2015

Last Buyer's Agent

RAJAEE BERNABELA

NEXTMOVZ REALTY LLC Brokerage Phone: 888-501-6953 Listed on: 12/28/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,417

Lot Details

  • 3,500 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,417

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 14-16
  • I D: 4588982
  • Modified: 2017-07-08
  • Number Images: 0
  • Attribution Contact: 888-501-6953
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 3500 SF
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2021
Sold by
14-16 Gareis Street Llc
Bought by
243-245 Meeker Ave Associates Llc
Current Estimated Value
$777,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,107,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 28, 2015
Closed on
Jul 7, 2016
Sold by
Zagelbaum Jeffrey and Zagelbaum Jeffrey
Bought by
14 16 Gareis Street Llc
Seller's Agent
RAJAEE BERNABELA
NEXTMOVZ REALTY LLC
Buyer's Agent
RAJAEE BERNABELA
NEXTMOVZ REALTY LLC
List Price
$350,000
Sold Price
$213,000
Premium/Discount to List
-$137,000
-39.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.05%
Original Mortgage
$0
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Listed on
Dec 28, 2015
Closed on
Jul 6, 2016
Sold by
Parker Derrick
Bought by
Zagelbaum Jeffrey
Seller's Agent
RAJAEE BERNABELA
NEXTMOVZ REALTY LLC
Buyer's Agent
RAJAEE BERNABELA
NEXTMOVZ REALTY LLC
List Price
$350,000
Sold Price
$213,000
Premium/Discount to List
-$137,000
-39.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 24, 2008
Sold by
Ampere Development Corp
Bought by
Parker Derrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,687
Interest Rate
5.93%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
243-245 Meeker Ave Associates Llc -- Successful Abstract
14 16 Gareis Street Llc -- None Available
Zagelbaum Jeffrey $213,000 None Available
Parker Derrick $538,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 243-245 Meeker Ave Associates Llc $2,107,500
Previous Owner 14 16 Gareis Street Llc $0
Previous Owner 14 16 Gareis Street Llc $160,000
Previous Owner Parker Derrick $529,687
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2016 07/07/16 Sold $213,000 -39.1% --
03/07/2016 03/07/16 Pending -- -- --
12/28/2015 12/28/15 For Sale $350,000 -- --
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
2025 $9,417 $252,600 $32,500 $220,100
2024 $9,417 $252,600 $32,500 $220,100
2022 $9,437 $252,600 $32,500 $220,100
2021 $9,432 $252,600 $32,500 $220,100
2020 $9,599 $252,600 $32,500 $220,100
2019 $9,500 $252,600 $32,500 $220,100
2018 $9,329 $252,600 $32,500 $220,100
2017 $10,167 $285,600 $32,500 $253,100
2016 $9,825 $285,600 $32,500 $253,100
2015 $9,451 $285,600 $32,500 $253,100
2014 $8,856 $285,600 $32,500 $253,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    RAJAEE BERNABELA

    NEXTMOVZ REALTY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3272626

Garden State MLS

APN: 14-00307-01-00026-04

New Jersey Essex County Newark 07103 West Side

14-16 Gareis St, Newark, NJ

This home is located at 14-16 Gareis St, Newark, NJ 07103 since 28 December 2015 and is currently estimated at $777,837. 14-16 Gareis St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Belmont Runyon School.

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