NOT LISTED FOR SALE

16 Smith St Newark, NJ 07106

Upper Vailsburg Neighborhood

Estimated Value: $547,537 - $660,000

Studio
-- Bath
2,128 Sq Ft
$281/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $425,607 $200 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,481/month

38 Days on Market

About This Home

As of September 2023

This home is located at 16 Smith St, Newark, NJ 07106 since 04 June 2023 and is currently estimated at $598,884, approximately $281 per square foot. This property was built in 1922. 16 Smith St 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

Bertie Ali-Cooke

GOD FAMILY REAL ESTATE Brokerage Phone: 908-303-3543 Listed on: 06/04/2023

Last Buyer's Agent

LASANDA SHEPPY

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Year Built: 1922
  • County Name: Essex
  • I D: 5225023
  • Attribution Contact: 908-303-3543
  • 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
Jun 4, 2023
Closed on
Sep 11, 2023
Sold by
La Real Estate Investment Inc
Bought by
Reynolds Marciline A
Seller's Agent
Bertie Ali-Cooke
GOD FAMILY REAL ESTATE
Buyer's Agent
LASANDA SHEPPY
WEICHERT REALTORS
List Price
$359,999
Sold Price
$425,607
Premium/Discount to List
$65,608
18.22%
Current Estimated Value
$598,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,277
Avg. Annual Appreciation
15.86%
Original Mortgage
$417,897
Outstanding Balance
$409,473
Interest Rate
7.23%
Mortgage Type
FHA
Estimated Equity
$189,411

Purchase Details

Closed on
Nov 30, 2010
Sold by
Aurora Loan Services
Bought by
La Real Estate Inves

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
10%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2010
Sold by
Watson Gillian A and Watson Garfield A
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 27, 2005
Sold by
Cornerstone Investment Propert
Bought by
Watson Garfield and Watson Gillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,250
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 23, 2004
Sold by
Atfh Real Properrty
Bought by
Cornerstone Investment Propert

Purchase Details

Closed on
Nov 13, 1996
Sold by
Mcnally John Mc
Bought by
Nanton Jasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Reynolds Marciline A $425,607 Weichert Title
La Real Estate Inves $29,900 --
Aurora Loan Services Llc -- None Available
Watson Garfield $215,000 --
Cornerstone Investment Propert $110,000 --
Nanton Jasmine $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Marciline A $417,897
Previous Owner La Real Estate Inves $70,000
Previous Owner Watson Garfield $204,250
Previous Owner Nanton Jasmine $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2023 09/11/23 Sold $425,607 +18.2% $200 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
06/04/2023 06/04/23 For Sale $359,999 -- $169 / Sq Ft
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 $4,190 $222,400 $16,300 $206,100
2024 $4,190 $112,400 $16,300 $96,100
Source: Public Records

Agents Affiliated with this Home

  • Bertie Ali-Cooke

    Seller's Agent in 2023

    Bertie Ali-Cooke

    GOD FAMILY REAL ESTATE

    (908) 303-3543

    1 in this area

    5 Total Sales

    Bertie Ali-Cooke
    Section Image

  • L

    Buyer's Agent in 2023

    LASANDA SHEPPY

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3847324

Garden State MLS

APN: 14-04201-0000-00060

New Jersey Essex County Newark 07018 Upper Vailsburg

16 Smith St, Newark, NJ

Not Listed for Sale

MultiFamily

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