NOT LISTED FOR SALE

160 Weequahic Ave Unit 162 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $540,000 - $598,000

-- Bed
-- Bath
-- Sq Ft
47 Sq Ft Lot

Last Sold May 23, 2022

Last sale price $385,000

Est. 45% increase in value since last sale

Current estimated payment $3,825/month

356 Days on Market

About This Home

As of May 2022

This home is located at 160 Weequahic Ave Unit 162, Newark, NJ 07112 since 08 April 2021 and is currently estimated at $567,349. This property was built in 1927. 160 Weequahic Ave Unit 162 is a home located in Essex County with nearby schools including Chancellor Avenue School, Peshine Avenue Elementary School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

JOY UWAKANEME

KELLER WILLIAMS MID-TOWN DIRECT Brokerage Phone: 973-762-5400 Listed on: 04/08/2021

Last Buyer's Agent

JOY UWAKANEME

KELLER WILLIAMS MID-TOWN DIRECT Brokerage Phone: 973-762-5400 Listed on: 04/08/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,331

Year Built

  • Built in 1927

Lot Details

  • 47 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,331

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Year Built: 1927
  • County Name: Essex
  • Street Number Display: 160
  • I D: 5061710
  • Modified: 2023-05-24
  • Number Images: 1
  • Attribution Contact: 973-762-5400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 47.10X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 23, 2022
Sold by
Akanbi and Evelyn
Bought by
Nwachukwu Chinenye Innocentia
Seller's Agent
JOY UWAKANEME
KELLER WILLIAMS MID-TOWN DIRECT
Buyer's Agent
JOY UWAKANEME
KELLER WILLIAMS MID-TOWN DIRECT
List Price
$369,900
Sold Price
$385,000
Premium/Discount to List
$15,100
4.08%
Current Estimated Value
$556,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,521
Avg. Annual Appreciation
12.84%
Original Mortgage
$378,026
Outstanding Balance
$359,680
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$207,669

Purchase Details

Closed on
Feb 23, 2007
Sold by
Deutsche Bk Natl Trust Co
Bought by
Akanbi Michael and Akanbi Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2002
Sold by
Nj Affordable
Bought by
Ogundare Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,357
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2001
Sold by
Wells Fargo Bank
Bought by
Nj Affordable Homes Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.92%
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
Nwachukwu Chinenye Innocentia $385,000 Title Experts
Akanbi Michael $298,000 --
Ogundare Thomas $194,900 --
Nj Affordable Homes Corp $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nwachukwu Chinenye Innocentia $378,026
Previous Owner Akanbi Evelyn $220,290
Previous Owner Akanbi Michael $238,400
Previous Owner Akanbi Michael $238,400
Previous Owner Ogundare Thomas A $280,000
Previous Owner Ogundare Thomas $193,357
Previous Owner Nj Affordable Homes Corp $119,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $385,000 +4.1% --
03/30/2022 03/30/22 Pending -- -- --
12/17/2021 12/17/21 For Sale $369,900 -3.9% --
04/11/2021 04/11/21 Off Market $385,000 -- --
04/08/2021 04/08/21 For Sale $369,900 -- --
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 $9,331 $225,000 $21,000 $204,000
2024 $9,331 $250,300 $21,000 $229,300
2022 $6,430 $172,100 $21,000 $151,100
2021 $6,426 $172,100 $21,000 $151,100
2020 $6,540 $172,100 $21,000 $151,100
2019 $6,473 $172,100 $21,000 $151,100
2018 $6,356 $172,100 $21,000 $151,100
2017 $6,127 $172,100 $21,000 $151,100
2016 $5,920 $172,100 $21,000 $151,100
2015 $5,695 $172,100 $21,000 $151,100
2014 $5,337 $172,100 $21,000 $151,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    JOY UWAKANEME

    KELLER WILLIAMS MID-TOWN DIRECT

See All Agents

Map

Source: Garden State MLS

MLS Number: 3703689

Garden State MLS

APN: 14-03698-0000-00019

New Jersey Essex County Newark 07112 Weequahic

160 Weequahic Ave Unit 162, Newark, NJ

This home is located at 160 Weequahic Ave Unit 162, Newark, NJ 07112 since 08 April 2021 and is currently estimated at $567,349. This property was built in 1927. 160 Weequahic Ave Unit 162 is a home located in Essex County with nearby schools including Chancellor Avenue School, Peshine Avenue Elementary School, and Hawthorne Avenue Elementary School.

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