$504,000 - $654,000
RENTED MAR 1, 2025

162 Midland Place Newark, NJ 07106

Ivy Hill Neighborhood
2 Beds
1 Bath
1,892 Sq Ft
$308 Price per Sq Ft

Last Sold December 30, 2020

Last sale price $390,000 $206 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,123/month

About This Home

As of December 2020

Great apartment freshly painted on the second floor offering two bedrooms and one bathroom with hardwood floors throughout. Plenty of closet. The tenant pays for Electric and Gas services (cooking gas, water heater & heating system). No pets allowed and no Parking. It is available immediately.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Dec 23, 2020
Sold by
162 Midland Holdings Llc
Bought by
Vargas Felix and Leonardo-Contreras Genny
Seller's Agent
Francisco Sanchez
Realty One Group Sunrise
Buyer's Agent
Francisco Sanchez
Realty One Group Sunrise
Sold Price
$1,400
Current Estimated Value
$583,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,771
Avg. Annual Appreciation
9.53%
Original Mortgage
$376,983
Outstanding Balance
$338,914
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$244,257

Purchase Details

Closed on
Jun 5, 2019
Sold by
Michael Myrkalo E and Myrkalo Vladymir C
Bought by
Pallo Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Vargas Felix $390,000 None Listed On Document
Pallo Lisa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Felix $376,983
Previous Owner 162 Midland Holdings Llc $200,000
Previous Owner 162 Midland Holdings Llc $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2025 03/01/25 Rented -- -- --
01/30/2025 01/30/25 Price Changed $2,000 -4.8% --
01/06/2025 01/06/25 For Rent $2,100 +50.0% --
02/17/2021 02/17/21 Rented $1,400 -6.7% --
01/29/2021 01/29/21 For Rent $1,500 0.0% --
12/30/2020 12/30/20 Sold $390,000 0.0% --
10/20/2020 10/20/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $390,000 -- --

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 $10,308 $276,500 $33,300 $243,200
2022 $10,330 $276,500 $33,300 $243,200
2021 $4,929 $132,000 $33,300 $98,700
2020 $5,016 $132,000 $33,300 $98,700
2019 $4,965 $132,000 $33,300 $98,700
2018 $4,875 $132,000 $33,300 $98,700
2017 $4,699 $132,000 $33,300 $98,700
2016 $4,541 $132,000 $33,300 $98,700
2015 $4,368 $132,000 $33,300 $98,700
2014 $4,093 $132,000 $33,300 $98,700
Source: Public Records

Agents Affiliated with this Home

  • Samia Dumani

    Seller's Agent in 2025

    Samia Dumani

    Realty One Group Sunrise

    (201) 341-1291

    9 Total Sales

    Samia Dumani
    Section Image

  • O

    Buyer's Agent in 2025

    Outside Agent

    Outside Office

  • Francisco Sanchez

    Seller's Agent in 2021

    Francisco Sanchez

    Realty One Group Sunrise

    (201) 978-4913

    44 Total Sales

    Francisco Sanchez
    Section Image
  • Jacqueline Balza

    Seller's Agent in 2020

    Jacqueline Balza

    INSPIRED DREAM REAL ESTATE

    (973) 220-7475

    2 in this area

    48 Total Sales

    Jacqueline Balza
    Section Image
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Map

New Jersey Essex County Newark 07106 Ivy Hill

162 Midland Place, Newark, NJ

This home is located at 162 Midland Place, Newark, NJ 07106 and is currently estimated at $583,171, approximately $308 per square foot. 162 Midland Place is a home located in Essex County with nearby schools including Mt. Vernon School, Lincoln Elementary School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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