NOT LISTED FOR SALE

16 Chelsea Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $626,000 - $788,000

-- Bed
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold October 29, 2020

Last sale price $473,000

Est. 51% increase in value since last sale

Current estimated payment $5,003/month

14 Days on Market

About This Home

As of October 2020

This home is located at 16 Chelsea Ave, Newark, NJ 07106 since 29 July 2020 and is currently estimated at $718,475. 16 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

BRENDAN DASILVA

KELLER WILLIAMS - NJ METRO GROUP Brokerage Phone: 973-783-7400 Listed on: 07/29/2020

Last Buyer's Agent

MARCIA MILLER

CURATED REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,985

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,985

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 16
  • I D: 5003271
  • Modified: 2021-10-30
  • Number Images: 1
  • Attribution Contact: 973-783-7400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 31X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 29, 2020
Sold by
Varlack Dwight
Bought by
Small Layakim
Seller's Agent
BRENDAN DASILVA
KELLER WILLIAMS - NJ METRO GROUP
Buyer's Agent
MARCIA MILLER
CURATED REALTY
List Price
$485,000
Sold Price
$473,000
Premium/Discount to List
-$12,000
-2.47%
Current Estimated Value
$716,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,030
Avg. Annual Appreciation
9.12%
Original Mortgage
$459,523
Outstanding Balance
$409,842
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$308,633

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 14, 2020
Sold by
Varlack Dwight
Bought by
Small Layakim
Seller's Agent
BRENDAN DASILVA
KELLER WILLIAMS - NJ METRO GROUP
Buyer's Agent
MARCIA MILLER
CURATED REALTY
List Price
$485,000
Sold Price
$473,000
Premium/Discount to List
-$12,000
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,523
Outstanding Balance
$409,842
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$308,633

Purchase Details

Listed on
Oct 20, 2015
Closed on
Aug 29, 2016
Sold by
Crentsil Judrick D
Bought by
Fbb Properties Llc
Seller's Agent
Manuela Carvalho
ALL JERSEY REALTY, LLC.
Buyer's Agent
Vanessa Vereschak
ALL JERSEY REALTY, LLC.
List Price
$119,000
Sold Price
$108,000
Premium/Discount to List
-$11,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.99%

Purchase Details

Closed on
Dec 30, 2004
Sold by
Cruz Ricky
Bought by
Crentsil Judrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,050
Interest Rate
5.73%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2002
Sold by
Taylor Sandy
Bought by
Cruz Ricky and Cruz Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
6.73%

Purchase Details

Closed on
Apr 14, 2000
Sold by
Watts James
Bought by
Taylor Sandy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,300
Interest Rate
8.18%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Small Layakim $473,000 Westcor Land Title
Small Layakim $473,000 Westcor Land Title Ins Co
Fbb Properties Llc $99,000 Fortune Title Agencfy, Inc
Crentsil Judrick $190,000 --
Cruz Ricky $142,500 --
Taylor Sandy $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Small Layakim $459,523
Closed Small Layakim $459,523
Previous Owner Q Source Holdings Llc $227,450
Previous Owner Crentsil Judrck D $242,400
Previous Owner Crentsil Judrick $187,050
Previous Owner Cruz Ricky $128,250
Previous Owner Taylor Sandy $84,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $473,000 -2.5% --
08/12/2020 08/12/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $485,000 +340.9% --
03/15/2018 03/15/18 Sold $110,000 -8.3% --
03/05/2018 03/05/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $120,000 +11.1% --
09/12/2016 09/12/16 Sold $108,000 -9.2% --
05/03/2016 05/03/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $119,000 -- --
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 $12,985 $348,300 $11,400 $336,900
2024 $12,985 $348,300 $11,400 $336,900
2022 $13,012 $348,300 $11,400 $336,900
2021 $13,006 $348,300 $11,400 $336,900
2020 $9,348 $246,000 $11,400 $234,600
2019 $6,443 $171,300 $11,400 $159,900
2018 $6,326 $171,300 $11,400 $159,900
2017 $6,098 $171,300 $11,400 $159,900
2016 $5,893 $171,300 $11,400 $159,900
2015 $5,668 $171,300 $11,400 $159,900
2014 $5,312 $171,300 $11,400 $159,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    BRENDAN DASILVA

    KELLER WILLIAMS - NJ METRO GROUP

  • M

    Buyer's Agent in 2020

    MARCIA MILLER

    CURATED REALTY

  • Carlos Turner

    Seller's Agent in 2018

    Carlos Turner

    RE/MAX

    (908) 230-5547

    1 in this area

    182 Total Sales

    Section Image
  • Manuela Carvalho

    Seller's Agent in 2016

    Manuela Carvalho

    ALL JERSEY REALTY, LLC.

    (908) 413-1235

    38 Total Sales

    Section Image

  • V

    Buyer's Agent in 2016

    Vanessa Vereschak

    ALL JERSEY REALTY, LLC.

    (908) 400-8436

    6 Total Sales

    Section Image
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Map

Source: Garden State MLS

MLS Number: 3652197

Garden State MLS

APN: 14-04208-0000-00016

New Jersey Essex County Newark 07106 Lower Vailsburg

16 Chelsea Ave, Newark, NJ

This home is located at 16 Chelsea Ave, Newark, NJ 07106 since 29 July 2020 and is currently estimated at $718,475. 16 Chelsea Ave is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

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