NOT LISTED FOR SALE

170 Scheerer Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $697,000 - $818,000

Studio
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: April 21, 2025

Last sale price $740,000

Est. 2% increase in value since last sale

Current estimated payment $5,160 / mo

35 Days on Market

About This Home

As of April 2025

This home is located at 170 Scheerer Ave, Newark, NJ 07112 since 06 February 2025 and is currently estimated at $757,862. 170 Scheerer Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

Last Agent to Sell the Property

Tajudeen Ajadi

LARA REALTY CORP Brokerage Phone: 973-622-1672 Listed on: 02/06/2025

Last Buyer's Agent

Oluseun Odugbesan

KELLER WILLIAMS PREMIER

KELLER WILLIAMS PREMIER

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

2,614 Sq Ft Lot

Listing Details

  • County Name: Essex
  • I D: 5337199
  • Attribution Contact: 973-622-1672
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2025
Closed on
Apr 18, 2025
Sold by
Dapherede Oluwaseyi H
Bought by
Sadiq-Onilenla Rasheedat Abolarinwa
Seller's Agent
Tajudeen Ajadi
LARA REALTY CORP
Buyer's Agent
Oluseun Odugbesan
KELLER WILLIAMS PREMIER
List Price
$720,000
Sold Price
$740,000
Premium/Discount to List
$20,000
2.78%
Views
25
Current Estimated Value
$757,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,862
Avg. Annual Appreciation
2.60%
Original Mortgage
$693,500
Outstanding Balance
$690,422
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$67,440

Purchase Details

Closed on
Apr 21, 2020
Sold by
Sarah & Melissa Investment Llc
Bought by
Dapherede Oluwaseyi H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 $407,483
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2025 04/21/25 Sold $740,000 +2.8% --
03/13/2025 03/13/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $720,000 0.0% --
03/03/2025 03/03/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $720,000 -- --
Source: Garden State MLS

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 $12,949 $340,500 $26,300 $314,200
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

  • Tajudeen Ajadi

    Seller's Agent in 2025

    Tajudeen Ajadi

    LARA REALTY CORP

    (973) 220-5963

    4 in this area

    28 Total Sales

    Tajudeen Ajadi
    Section Image
  • Oluseun Odugbesan

    Buyer's Agent in 2025

    Oluseun Odugbesan

    KELLER WILLIAMS PREMIER

    (856) 236-3719

    2 in this area

    23 Total Sales

    Oluseun Odugbesan
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3945104

Garden State MLS

APN: 14-03665-0000-00039

New Jersey Essex County Newark 07112 Weequahic

170 Scheerer Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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