NOT LISTED FOR SALE

16 Fairmount Ave Newark, NJ 07107

Fairmount Neighborhood

Estimated Value: $580,000 - $627,840

6 Beds
4 Baths
-- Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: May 11, 2024

Last sale price $480,000

Est. 25% increase in value since last sale

Current estimated payment $3,805 / mo

88 Days on Market

About This Home

As of May 2024

This home is located at 16 Fairmount Ave, Newark, NJ 07107 since 19 January 2024 and is currently estimated at $598,210. This property was built in 1910. 16 Fairmount Ave is a home located in Essex County with nearby schools including Nelson Mandela Elementary School, Sir Isaac Newton Elementary School, and Camden Street Elementary School.

Last Agent to Sell the Property

AKEEM SODIQ

ASANTE REALTY GROUP LLC Brokerage Phone: 908-364-6297 Listed on: 01/19/2024

Last Buyer's Agent

ADEYINKA FADEHAN

ALADEX BUSINESS & IT CONS., LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Year Built: 1910
  • County Name: Essex
  • I D: 5265144
  • Attribution Contact: 908-364-6297
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 4.00

Lot Info

  • Lot Size: 21X98
  • Total Acres: 0.05

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
May 6, 2024
Sold by
Tunnad Properties Llc
Bought by
Seller's Agent
AKEEM SODIQ
ASANTE REALTY GROUP LLC
Buyer's Agent
ADEYINKA FADEHAN
ALADEX BUSINESS & IT CONS., LLC
List Price
$539,000
Sold Price
$480,000
Premium/Discount to List
-$59,000
-10.95%
Views
276
Current Estimated Value
$598,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,210
Avg. Annual Appreciation
10.00%
Original Mortgage
$486,034
Outstanding Balance
$475,394
Interest Rate
7.25%
Mortgage Type
FHA
Estimated Equity
$122,816

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 16, 2023
Sold by
16 Fairmount Ag Llc
Bought by
Tunnad Property Llc
Seller's Agent
Jessica Camino
RE/MAX SELECT
Buyer's Agent
Jessica Camino
RE/MAX SELECT
List Price
$339,000
Sold Price
$330,000
Premium/Discount to List
-$9,000
-2.65%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
139.02%
Original Mortgage
$302,250
Interest Rate
7.03%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 11, 2022
Sold by
Essex County Sheriff
Bought by
Lsf9 Master Participation Trust and Us Bank Trust National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 19, 2007
Sold by
Hiciano Franqueliz
Bought by
Tavarez Zoila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2006
Sold by
16 Fairmount Realty Inc
Bought by
Hiciano Franqueliz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Fairmount, NJ

  • Patrick Dwyer Real Estate Agent - EXIT REALTY LUCKY ASSOCIATES

    Patrick Dwyer

    EXIT REALTY LUCKY ASSOCIATES

    (908) 503-5926

    41 Total Sales

    1 in Fairmount

    $755,000 Price

    Patrick Dwyer
     Section Image
  • Karen Brown Real Estate Agent - EXP Realty, LLC

    Karen Brown

    EXP Realty, LLC

    (848) 800-4288

    74 Total Sales

    1 in Fairmount

    $480,000 Price

    Karen Brown
     Section Image
  • Augusto Neno Real Estate Agent - Neno-Rosa Agency

    Augusto Neno

    Neno-Rosa Agency

    (862) 278-9673

    75 Total Sales

    2 in Fairmount

    $504,000 Price Range

    Augusto Neno
     Section Image
  • Steven Lartiga Real Estate Agent - Neno-Rosa Agency

    Steven Lartiga

    Neno-Rosa Agency

    (862) 280-2040

    12 Total Sales

    1 in Fairmount

    $504,000 Price

    Steven Lartiga
     Section Image
  • Michael Dunn Real Estate Agent - EXP Realty, LLC

    Michael Dunn

    EXP Realty, LLC

    (551) 243-7398

    62 Total Sales

    2 in Fairmount

    $650,000 Price Range

    Michael Dunn
     Section Image
  • Ana Deborah Ofsievich Real Estate Agent - KELLER WILLIAMS REALTY

    Ana Deborah Ofsievich

    KELLER WILLIAMS REALTY

    (908) 332-0919

    48 Total Sales

    1 in Fairmount

    $400,000 Price

    Ana Deborah Ofsievich
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$495,000 Old Republic National Title
Tunnad Property Llc $330,000 Land Quest Title
Lsf9 Master Participation Trust $250,000 Noble Title
Tavarez Zoila $370,000 None Available
Hiciano Franqueliz $270,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $486,034
Previous Owner Tunnad Property Llc $302,250
Previous Owner Lsf9 Master Participation Trust $265,000
Previous Owner Tavarez Zoila $370,000
Previous Owner Hiciano Franqueliz $270,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2024 05/11/24 Sold $480,000 -7.5% --
04/16/2024 04/16/24 Pending -- -- --
02/04/2024 02/04/24 Price Changed $519,000 -3.7% --
01/19/2024 01/19/24 For Sale $539,000 +63.3% --
12/05/2023 12/05/23 Sold $330,000 -2.7% -- View Prior Sale
11/01/2023 11/01/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $339,000 -- --
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,254 $156,400 $19,800 $136,600
2025 $6,254 $156,400 $19,800 $136,600
2024 $5,831 $156,400 $19,800 $136,600
2022 $5,843 $156,400 $19,800 $136,600
2021 $5,840 $156,400 $19,800 $136,600
2020 $5,943 $156,400 $19,800 $136,600
2019 $5,882 $156,400 $19,800 $136,600
2018 $5,776 $156,400 $19,800 $136,600
2017 $5,568 $156,400 $19,800 $136,600
2016 $5,380 $156,400 $19,800 $136,600
2015 $5,175 $156,400 $19,800 $136,600
2014 $4,850 $156,400 $19,800 $136,600
Source: Public Records

Agents Affiliated with this Home

  • AS

    Seller's Agent in 2024

    AKEEM SODIQ

    ASANTE REALTY GROUP LLC

  • AF

    Buyer's Agent in 2024

    ADEYINKA FADEHAN

    ALADEX BUSINESS & IT CONS., LLC

  • Jessica Camino Real Estate Agent - RE/MAX

    Seller's Agent in 2023

    Jessica Camino

    RE/MAX

    (908) 224-3057

    1 in this area

    28 Total Sales

    Jessica Camino
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Map

Source: Garden State MLS

MLS Number: 3882295

Garden State MLS

APN: 14-01842-0000-00028

New Jersey Essex County Newark 07107 Fairmount

16 Fairmount Ave, Newark, NJ

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