NOT LISTED FOR SALE

159 Sherman Ave Unit 2 Newark, NJ 07114

South Broad Valley Neighborhood

Estimated Value: $695,984 - $888,000

-- Bed
5 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold June 29, 2021

Last sale price $515,000

Est. 50% increase in value since last sale

Current estimated payment $5,321/month

48 Days on Market

About This Home

As of June 2021

This home is located at 159 Sherman Ave Unit 2, Newark, NJ 07114 since 14 April 2021 and is currently estimated at $771,496. This property was built in 2008. 159 Sherman Ave Unit 2 is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine Avenue Elementary School.

Last Listed By

JISOON PARK

GATEWAY REALTY MANAGEMENT, LLC. Brokerage Phone: 866-201-6210 Listed on: 04/14/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,530

Year Built

  • Built in 2008

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,530

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • County Name: Essex
  • Street Number Display: 159
  • I D: 5062940
  • Modified: 2022-06-30
  • Number Images: 1
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jun 25, 2021
Sold by
Xu Bao
Bought by
Abbubakari Iddrisu and Yussif Ayisha
Seller's Agent
JISOON PARK
GATEWAY REALTY MANAGEMENT, LLC.
Buyer's Agent
ETINWA-OKON EDEM
KYM REALTY GROUP LLC
List Price
$508,000
Sold Price
$515,000
Premium/Discount to List
$7,000
1.38%
Total Days on Market
48
Current Estimated Value
$771,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,496
Avg. Annual Appreciation
7.95%
Original Mortgage
$505,672
Outstanding Balance
$467,675
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$224,270

Purchase Details

Closed on
Jul 21, 2017
Sold by
Margolang Zackaria and Mangklakheeree Sudarat
Bought by
Xu Bao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2016
Sold by
Kone Yaya and Mangklaheere Sudarat
Bought by
Margolang Zackaria and Mangklaheere Sudarat

Purchase Details

Closed on
May 1, 2008
Sold by
Lilac Development Group Llc
Bought by
Margolang Zackaria and Mangklakheeree Sudarat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,279
Interest Rate
5.93%
Mortgage Type
FHA

Range of Values:

Collateral Analytics

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ICE

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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
Abbubakari Iddrisu $515,000 New Horizon Abstract Inc
Xu Bao $370,000 None Available
Margolang Zackaria -- I Abstract And Title
Margolang Zackaria $435,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abbubakari Iddrisu $505,672
Previous Owner Xu Bao $260,000
Previous Owner Margolang Zackaria $428,279
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $515,000 +1.4% --
04/16/2021 04/16/21 For Sale $508,000 -1.4% --
04/16/2021 04/16/21 Off Market $515,000 -- --
04/14/2021 04/14/21 Price Changed $508,000 -90.0% --
04/14/2021 04/14/21 For Sale $5,080,000 -- --
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 $12,530 $336,100 $47,500 $288,600
2022 $12,557 $336,100 $47,500 $288,600
2021 $9,735 $260,700 $47,500 $213,200
2020 $9,907 $260,700 $47,500 $213,200
2019 $9,805 $260,700 $47,500 $213,200
2018 $9,628 $260,700 $47,500 $213,200
2017 $9,281 $260,700 $47,500 $213,200
2016 $8,968 $260,700 $47,500 $213,200
2015 $8,627 $260,700 $47,500 $213,200
2014 $8,084 $260,700 $47,500 $213,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    JISOON PARK

    GATEWAY REALTY MANAGEMENT, LLC.

  • E

    Buyer's Agent in 2021

    ETINWA-OKON EDEM

    KYM REALTY GROUP LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3704682

Garden State MLS

APN: 14-02792-0000-00026

New Jersey Essex County Newark 07114 South Broad Valley

159 Sherman Ave Unit 2, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 159 Sherman Ave Unit 2, Newark, NJ 07114 since 14 April 2021 and is currently estimated at $771,496. This property was built in 2008. 159 Sherman Ave Unit 2 is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine Avenue Elementary School.

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