NOT LISTED FOR SALE

162 Scheerer Ave Unit 164 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $585,310 - $654,000

6 Beds
3 Baths
2,719 Sq Ft
$230/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $375,000 $138 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,282/month

57 Days on Market

Highlights

  • Property is near a park
  • Fireplace
  • Rectangular Lot

About This Home

As of January 2020

Perfect investment opportunity!! Come check out this 3 unit multi fam home in Newark. Brand new roof and siding. Paved driveway. Spacious rooms throughout. Separate utilities. Don't miss out on your chance to own this money maker.

Last Agent to Sell the Property

Dylan Cabral

EXP Realty, LLC Listed on: 08/21/2019

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,667

Year Built

  • 1952

Lot Details

  • 3,629 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Vinyl Construction Material

Interior Spaces

  • Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 071403665 00035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,667

Year Built

1952

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 17
  • Fireplace: 2 Fireplaces
  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: None
  • Basement: Yes
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: 2 Car

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Gas
  • Cooling: None

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00035
  • Estimated Lot Sq Ft: 3629
  • Lot Description: Regular

Tax Info

  • Tax: 8667
  • Assessor Parcel Number: 071403665 00035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2012
Sold by
Iannotta Fernando
Bought by
Galicia Mari Yasmin
Total Days on Market
57
Current Estimated Value
$626,078

Purchase Details

Closed on
Jul 22, 2010
Sold by
The Bank Of New York Mellon
Bought by
Iannotta Fernando

Purchase Details

Closed on
Oct 14, 2009
Sold by
Elliott Martha
Bought by
Bank Of New York

Purchase Details

Closed on
Aug 28, 2002
Sold by
Sulton Sheila
Bought by
Elliott Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,710
Interest Rate
6.48%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 2000
Sold by
Ambrose Pamela
Bought by
Allen Jenelle and Sutton Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,662
Interest Rate
8.31%

Purchase Details

Closed on
Aug 17, 1997
Sold by
Smith Irene
Bought by
Ambrose Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.41%
Mortgage Type
FHA
Source: Public Records

Similar Homes in Newark, NJ

  • 23 Edwin Place, Newark, NJ 07112

    $649,900

    • 7 Beds
    • 4.5 Baths
    • 23 Edwin Place
    • Newark, NJ

    Excellent opportunity to own a spacious and versatile 2-family home in the heart of Newark! This property is in great condition and features two separate units, perfect for rental income. As a bonus, there's an additional recreational room ideal for a home office, playroom, gym, or additional bedroom. Located just minutes from major transportation options, this home offers both convenience and

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 142 Sherman Ave, Newark, NJ 07114

    $479,000

    • 4 Beds
    • 2.5 Baths
    • 142 Sherman Ave
    • Newark, NJ

    Welcome to this beautifully maintained and freshly painted two-family home in the heart of Newark! Perfect for both investors and owner-occupants, this spacious property offers comfort, functionality, and charm.Unit 1 features a generous layout with a large living room and separate dining area, both finished with warm hardwood floors that bring character and elegance to the space. The

    Cintia D'Urso VOX REALTY

    Section Image
  • 32 Holland St, Newark, NJ 07103

    $600,000

    • 5 Beds
    • 2 Baths
    • 32 Holland St
    • Newark, NJ

    Welcome to this charming two-family home in the heart of Newark, where the possibilities are endless for both owner-occupants and savvy investors! This property boasts a spacious and inviting layout that caters to your every need. On the first floor, you'll find a comfortable living space featuring two cozy bedrooms, a well-appointed bathroom, and an eat-in kitchen complete with a delightful

    David Vanegas EMPIRE REAL ESTATE

    Section Image
  • 403 S 6th St, Newark, NJ 07103

    $675,000

    • 7 Beds
    • 4.5 Baths
    • 403 S 6th St
    • Newark, NJ

    Excellent opportunity to own a spacious and versatile 2-family home in the heart of Newark! This property is in great condition and features two separate units, perfect for rental income. As a bonus, there's an additional recreational room—ideal for a home office, playroom, gym, or additional bedroom. Located just minutes from major transportation options, this home offers both convenience and

    Carlie Carreira EXP Realty, LLC

    Section Image
  • 93 Astor St, Newark, NJ 07114

    $559,000

    • 7 Beds
    • 3 Baths
    • 93 Astor St
    • Newark, NJ

    Prime Investment Opportunity " 3-Family Home in the Heart of Newark's Business District. Don't miss this exceptional opportunity to own a well-maintained three-family home situated in one of Newark's most sought-after locations right in the heart of the thriving business district. This property offers unmatched potential in a high-demand area. Each unit features a functional layout with spacious

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 143 Tichenor St, Newark, NJ 07105

    $769,900

    • 8 Beds
    • 4 Baths
    • 143 Tichenor St
    • Newark, NJ

    Welcome!!! TO THIS RARE INVESTMENT OPPORTUNITY!!! Money Maker! Well-maintained three-family home conveniently located in the sought-after Ironbound section. Everything is just steps from your door. local recreational parks, close to all major public transportation to NYC or Newark International Liberty Airport. It features a ground-level apartment kitchen, living room, two bedrooms, and a full

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 147 Tichenor St, Newark, NJ 07105

    $579,900

    • 4 Beds
    • 4 Baths
    • 147 Tichenor St
    • Newark, NJ

    OUR PERFECT HOME WAITS FOR YOU!!! This Amazing, well-maintained three-story two-family home is conveniently located in the sought-after Ironbound section. Everything is just steps away from your door and local recreational Parks, while close to all major public transportation. These exceptional home features: kitchen, living room, a bedroom, and a full bath, per apartment, plus a finished Attic

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 392 Walnut St, Newark, NJ 07105

    $629,900

    • 6 Beds
    • 4 Baths
    • 392 Walnut St
    • Newark, NJ

    Location, Location, Location, A well-maintained, two-family home conveniently located in the sought-after Ironbound section of Newark. Everything is just steps from your door! Ferry Street Restaurants/Shopping/Nightlife, and all major public transportation with "EASY NYC COMMUTE, where a 20-minute train ride will have you in NYC! Featuring: First & Second Floor Six over Six, one full bath per

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 22 Kossuth St, Newark, NJ 07105

    $639,900

    • 5 Beds
    • 4 Baths
    • 22 Kossuth St
    • Newark, NJ

    WELCOME TO 22 Kossuth St!!! This solid brick two-family home is unique, exceptionally well-maintained, and conveniently located in the vibrant and bustling Ironbound Neighborhood. Everything just steps from your door. Local Restaurants & Wilson Avenue/ Ferry Shopping Stores / Nightlife, and all major Highways and public transportation. Offers spacious apartments consisting of a sizable

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Galicia Mari Yasmin -- Mortgagee Title Ins Policy
Iannotta Fernando $91,000 Multiple
Bank Of New York -- None Available
Elliott Martha $143,000 --
Allen Jenelle $111,000 --
Ambrose Pamela $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legrand Lynda $39,191
Open 162 Scheerer Llc $195,000
Closed Galicia Mari Yasmin $274,881
Previous Owner Elliott Martha $196,000
Previous Owner Elliott Martha $138,710
Previous Owner Allen Jenelle $110,662
Previous Owner Ambrose Pamela $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2020 01/15/20 Sold $375,000 0.0% $138 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $375,000 -- $138 / Sq Ft
Source: New Jersey 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 $11,516 $308,900 $28,900 $280,000
2022 $11,541 $308,900 $28,900 $280,000
2021 $11,534 $308,900 $28,900 $280,000
2020 $8,919 $234,700 $28,900 $205,800
2019 $8,827 $234,700 $28,900 $205,800
2018 $8,667 $234,700 $28,900 $205,800
2017 $8,355 $234,700 $28,900 $205,800
2016 $8,074 $234,700 $28,900 $205,800
2015 $7,766 $234,700 $28,900 $205,800
2014 $7,278 $234,700 $28,900 $205,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 1939328

New Jersey MLS

APN: 14-03665-0000-00035