NOT LISTED FOR SALE

170 Scheerer Ave Unit 2 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $710,000 - $730,000

-- Bed
5 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold April 22, 2020

Last sale price $430,000

Est. 67% increase in value since last sale

Current estimated payment $5,095/month

19 Days on Market

About This Home

As of April 2020

This home is located at 170 Scheerer Ave Unit 2, Newark, NJ 07112 since 02 February 2020 and is currently estimated at $719,067. This property was built in 2008. 170 Scheerer Ave Unit 2 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

Last Listed By

Vera Soares

RE/MAX IN ACTION Brokerage Phone: 908-558-2727 Listed on: 02/02/2020

RE/MAX IN ACTION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,694

Year Built

  • Built in 2008

Lot Details

  • 2,500 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,694

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • County Name: Essex
  • Street Number Display: 170
  • I D: 4959681
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-558-2727
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 2500 SF
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2025
Sold by
Dapherede Oluwaseyi H
Bought by
Sadiq-Onilenla Rasheedat Abolarinwa
Total Days on Market
19
Current Estimated Value
$719,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,500
Outstanding Balance
$692,891
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$20,396

Purchase Details

Listed on
Feb 2, 2020
Closed on
Apr 21, 2020
Sold by
Sarah & Melissa Investment Llc
Bought by
Dapherede Oluwaseyi H
Seller's Agent
Vera Soares
RE/MAX IN ACTION
List Price
$424,900
Sold Price
$430,000
Premium/Discount to List
$5,100
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.39%
Original Mortgage
$407,483
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2011
Sold by
Mello Fabiana M
Bought by
Sarah & Melissa Investments Llc

Purchase Details

Closed on
Jan 9, 2008
Sold by
New Home Estate Corp
Bought by
Jacob The Builder Llc

Purchase Details

Closed on
May 8, 2007
Sold by
Jacob The Builder Llc
Bought by
New Home Estate Corp
Source: Public Records

Range of Values:

Collateral Analytics

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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
Sadiq-Onilenla Rasheedat Abolarinwa $740,000 Old Republic National Title
Dapherede Oluwaseyi H $415,000 Title Experts Nj
Sarah & Melissa Investments Llc $120,000 None Available
Jacob The Builder Llc $499,500 None Available
New Home Estate Corp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadiq-Onilenla Rasheedat Abolarinwa $693,500
Previous Owner Dapherede Oluwaseyi H $27,482
Previous Owner Dapherede Oluwaseyi H $407,483
Previous Owner Empire Estates Llc $1,675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2020 04/22/20 Sold $430,000 +1.2% --
02/21/2020 02/21/20 Pending -- -- --
02/02/2020 02/02/20 For Sale $424,900 -- --
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
2024 $12,694 $340,500 $26,300 $314,200
2022 $12,721 $340,500 $26,300 $314,200
2021 $12,714 $340,500 $26,300 $314,200
2020 $7,030 $185,000 $26,300 $158,700
2019 $6,958 $185,000 $26,300 $158,700
2018 $6,832 $185,000 $26,300 $158,700
2017 $6,586 $185,000 $26,300 $158,700
2016 $6,364 $185,000 $26,300 $158,700
2015 $6,122 $185,000 $26,300 $158,700
2014 $5,737 $185,000 $26,300 $158,700
Source: Public Records

Agents Affiliated with this Home

  • Vera Soares

    Seller's Agent in 2020

    Vera Soares

    RE/MAX

    (973) 220-6212

    33 Total Sales

    Vera Soares
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Map

Source: Garden State MLS

MLS Number: 3613638

Garden State MLS

APN: 14-03665-0000-00039

New Jersey Essex County Newark 07112 Weequahic

170 Scheerer Ave Unit 2, Newark, NJ

This home is located at 170 Scheerer Ave Unit 2, Newark, NJ 07112 since 02 February 2020 and is currently estimated at $719,067. This property was built in 2008. 170 Scheerer Ave Unit 2 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

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