NOT LISTED FOR SALE

16 Cortland St Unit 2 Newark, NJ 07105

Estimated Value: $684,000 - $911,000

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

Last Sold March 04, 2022

Last sale price $595,000

Est. 28% increase in value since last sale

Current estimated payment $5,224/month

12 Days on Market

About This Home

As of March 2022

This home is located at 16 Cortland St Unit 2, Newark, NJ 07105 since 31 December 2021 and is currently estimated at $761,012. This property was built in 1914. 16 Cortland St Unit 2 is a home located in Essex County with nearby schools including Hawkins Street Elementary School, Lafayette Street Elementary School, and Oliver Street School.

Last Agent to Sell the Property

JULIO C. FREIRE

EXIT REALTY LUCKY ASSOCIATES Brokerage Phone: 973-817-7700 Listed on: 12/31/2021

Last Buyer's Agent

JULIO C. FREIRE

EXIT REALTY LUCKY ASSOCIATES Brokerage Phone: 973-817-7700 Listed on: 12/31/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,234

Year Built

  • Built in 1914

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,234

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Year Built: 1914
  • County Name: Essex
  • Street Number Display: 16
  • I D: 5121714
  • Modified: 2023-03-05
  • Number Images: 1
  • Attribution Contact: 973-817-7700
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X96
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2021
Closed on
Feb 22, 2022
Sold by
Stephen Bennett
Bought by
Dos Santos Alison J
Seller's Agent
JULIO C. FREIRE
EXIT REALTY LUCKY ASSOCIATES
Buyer's Agent
JULIO C. FREIRE
EXIT REALTY LUCKY ASSOCIATES
List Price
$595,000
Sold Price
$595,000
Total Days on Market
12
Current Estimated Value
$761,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,012
Avg. Annual Appreciation
5.80%
Original Mortgage
$569,494
Outstanding Balance
$536,817
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$177,368

Purchase Details

Closed on
Jun 16, 2006
Sold by
Goncalvez Abel
Bought by
Coelho Heleno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2003
Sold by
Simoes Carlos
Bought by
Goncalves Abel and Goncalves Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,500
Interest Rate
6.09%

Purchase Details

Closed on
Oct 21, 1997
Sold by
Vagueiro Luis
Bought by
Simoes Carlos and Simoes Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
7.17%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 1996
Sold by
Pinho Jose
Bought by
Vagueiro Luis
Source: Public Records

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
Dos Santos Alison J $580,000 New Title Company Name
Coelho Heleno $440,000 --
-- $3,600 --
Goncalves Abel $370,000 --
Simoes Carlos $187,000 --
Vagueiro Luis $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dos Santos Alison J $569,494
Previous Owner Bennett Stephen $229,125
Previous Owner -- $440,000
Previous Owner Goncalves Abel $351,500
Previous Owner Simoes Carlos $181,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $595,000 0.0% --
01/12/2022 01/12/22 Pending -- -- --
12/31/2021 12/31/21 For Sale $595,000 -- --
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 $14,234 $381,800 $63,700 $318,100
2022 $8,780 $235,000 $63,700 $171,300
2021 $8,775 $235,000 $63,700 $171,300
2020 $8,930 $235,000 $63,700 $171,300
2019 $8,838 $235,000 $63,700 $171,300
2018 $8,679 $235,000 $63,700 $171,300
2017 $8,366 $235,000 $63,700 $171,300
2016 $8,084 $235,000 $63,700 $171,300
2015 $7,776 $235,000 $63,700 $171,300
2014 $7,287 $235,000 $63,700 $171,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    JULIO C. FREIRE

    EXIT REALTY LUCKY ASSOCIATES

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Map

Source: Garden State MLS

MLS Number: 3757284

Garden State MLS

APN: 14-02482-0000-00008

New Jersey Essex County Newark 07105

16 Cortland St Unit 2, Newark, NJ

This home is located at 16 Cortland St Unit 2, Newark, NJ 07105 since 31 December 2021 and is currently estimated at $761,012. This property was built in 1914. 16 Cortland St Unit 2 is a home located in Essex County with nearby schools including Hawkins Street Elementary School, Lafayette Street Elementary School, and Oliver Street School.

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