$390,000
SOLD DEC 30, 2020 RENTED MAR 1, 2025

162 Midland Place Newark, NJ 07106

Ivy Hill Neighborhood
-- Bed
-- Bath
-- Sq Ft
33 Sq Ft Lot

Recently Sold

40 Days on Market

About This Home

As of December 2020

This home is located at 162 Midland Place, Newark, NJ 07106 and is currently priced at $390,000. 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.

Last Agent to Sell the Property

Jacqueline Balza

INSPIRED DREAM REAL ESTATE Brokerage Phone: 973-250-6156 Listed on: 09/10/2020

Last Buyer's Agent

FRANCISCO SANCHEZ

REALTY ONE GROUP SUNRISE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,308

Lot Details

  • 33 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,308

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 162
  • I D: 5014077
  • Modified: 2021-12-31
  • Number Images: 0
  • Attribution Contact: 973-250-6156
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 33.6X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Dec 23, 2020
Sold by
162 Midland Holdings Llc
Bought by
Vargas Felix and Leonardo-Contreras Genny
Seller's Agent
Jacqueline Balza
INSPIRED DREAM REAL ESTATE
Buyer's Agent
FRANCISCO SANCHEZ
REALTY ONE GROUP SUNRISE
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$560,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,361
Avg. Annual Appreciation
8.23%
Original Mortgage
$376,983
Outstanding Balance
$336,585
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$223,776

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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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 Type Sale Price Title Company
Deed $390,000 None Listed On Document
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $376,983 FHA
Previous Owner $200,000 Commercial
Previous Owner $115,500 Commercial
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 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 -- --
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 $10,308 $250,000 $33,300 $216,700
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

    11 Total Sales

    Section Image

  • O

    Buyer's Agent in 2025

    Outside Agent

    Outside Office

  • Jacqueline Balza

    Seller's Agent in 2020

    Jacqueline Balza

    INSPIRED DREAM REAL ESTATE

    (973) 220-7475

    1 in this area

    43 Total Sales

    Section Image

  • F

    Buyer's Agent in 2020

    FRANCISCO SANCHEZ

    REALTY ONE GROUP SUNRISE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3663084

Garden State MLS

APN: 14-04275-0000-00060

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 priced at $390,000. 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.

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