NOT LISTED FOR SALE

161 Sunset Ave Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $663,573 - $1,079,000

-- Bed
4 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold October 28, 2021

Last sale price $525,000

Est. 75% increase in value since last sale

Current estimated payment $5,867/month

46 Days on Market

About This Home

As of October 2021

This home is located at 161 Sunset Ave, Newark, NJ 07106 since 07 June 2021 and is currently estimated at $918,393. This property was built in 1897. 161 Sunset 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

Yusef Ismail

HOMEQUEST REALTY GROUP LLC Brokerage Phone: 973-337-5170 Listed on: 06/07/2021

Last Buyer's Agent

Yusef Ismail

HOMEQUEST REALTY GROUP LLC Brokerage Phone: 973-337-5170 Listed on: 06/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,930

Year Built

  • Built in 1897

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,930

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Year Built: 1897
  • County Name: Essex
  • Street Number Display: 161
  • I D: 5078191
  • Modified: 2022-10-29
  • Number Images: 1
  • Attribution Contact: 973-337-5170
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Oct 20, 2021
Sold by
Ismail Yusef Nkrumah Olatuni
Bought by
161 Sunset Realty Llc
Seller's Agent
Yusef Ismail
HOMEQUEST REALTY GROUP LLC
Buyer's Agent
Yusef Ismail
HOMEQUEST REALTY GROUP LLC
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Total Days on Market
46
Current Estimated Value
$918,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,393
Avg. Annual Appreciation
16.86%
Original Mortgage
$480,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2018
Sold by
Cummings Richard
Bought by
Olatunji-Ismail Yusef N

Purchase Details

Closed on
Apr 11, 2005
Sold by
Cumings Karen
Bought by
Cummings Richard

Purchase Details

Closed on
Aug 29, 1990
Sold by
Herns Gabriel
Bought by
Vincent Jacques and Vincent Jeanine

Purchase Details

Closed on
Jul 26, 1990
Sold by
Hud
Bought by
City Of Newark

Purchase Details

Closed on
Sep 22, 1989
Sold by
Levine Murray and Levine Louis
Bought by
Gabriel Herns

Purchase Details

Closed on
May 18, 1989
Sold by
Jackson Norman L and Jackson Jacqueline
Bought by
Levine Murray and Levine Louise
Source: Public Records

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Range of Values:

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Average Value
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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
161 Sunset Realty Llc $525,000 Dekel Abstract Llc
Olatunji-Ismail Yusef N $1,700 --
Cummings Richard $58,000 --
Vincent Jacques $185,000 --
City Of Newark -- --
Gabriel Herns $128,000 --
Levine Murray $48,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 161 Sunset Realty Llc $543,750
Closed 161 Sunset Realty Llc $480,000
Previous Owner Cummings Richard $280,000
Previous Owner Cummings Richard $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $525,000 -4.5% --
09/11/2021 09/11/21 For Sale $550,000 0.0% --
08/03/2021 08/03/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $550,000 -- --
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 $11,930 $320,000 $19,400 $300,600
2022 $8,907 $238,400 $19,400 $219,000
2021 $8,902 $238,400 $19,400 $219,000
2020 $9,059 $238,400 $19,400 $219,000
2019 $8,966 $238,400 $19,400 $219,000
2018 $8,804 $238,400 $19,400 $219,000
2017 $8,487 $238,400 $19,400 $219,000
2016 $8,201 $238,400 $19,400 $219,000
2015 $7,889 $238,400 $19,400 $219,000
2014 $7,393 $238,400 $19,400 $219,000
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2021

    Yusef Ismail

    HOMEQUEST REALTY GROUP LLC

    (404) 452-3601

    1 in this area

    11 Total Sales

    Yusef Ismail
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Map

Source: Garden State MLS

MLS Number: 3718180

Garden State MLS

APN: 14-04070-0000-00029

New Jersey Essex County Newark 07106 Lower Vailsburg

161 Sunset Ave, Newark, NJ

This home is located at 161 Sunset Ave, Newark, NJ 07106 since 07 June 2021 and is currently estimated at $918,393. This property was built in 1897. 161 Sunset 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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