NOT LISTED FOR SALE

183 Scheerer Ave Unit 185 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $561,781 - $656,000

-- Bed
-- Bath
-- Sq Ft
37 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $400,253

Est. 55% increase in value since last sale

Current estimated payment $4,328/month

44 Days on Market

About This Home

As of December 2021

This home is located at 183 Scheerer Ave Unit 185, Newark, NJ 07112 since 24 March 2021 and is currently estimated at $620,445. This property was built in 1912. 183 Scheerer Ave Unit 185 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Hawthorne Avenue Elementary School, and Chancellor Avenue School.

Last Agent to Sell the Property

SASHOIR WILLIAMS

OPTION 1 REALTY GROUP, LLC Brokerage Phone: 201-433-0800 Listed on: 03/24/2021

Last Buyer's Agent

SASHOIR WILLIAMS

OPTION 1 REALTY GROUP, LLC Brokerage Phone: 201-433-0800 Listed on: 03/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,308

Year Built

  • 1912

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,308

Year Built

1912

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 183
  • I D: 5058980
  • Modified: 2022-12-23
  • Number Images: 1
  • Attribution Contact: 201-433-0800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1912

Lot Info

  • Lot Size: 37.6X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Dec 17, 2021
Sold by
Abraham Vinod George and Abraham Mibby Annie
Bought by
Wallace Rickardo and Wallace Crystal
Seller's Agent
SASHOIR WILLIAMS
OPTION 1 REALTY GROUP, LLC
Buyer's Agent
SASHOIR WILLIAMS
OPTION 1 REALTY GROUP, LLC
List Price
$399,900
Sold Price
$400,253
Premium/Discount to List
$353
0.09%
Total Days on Market
44
Current Estimated Value
$620,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,192
Avg. Annual Appreciation
10.55%
Original Mortgage
$392,755
Outstanding Balance
$365,650
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$201,283

Purchase Details

Listed on
Mar 24, 2021
Closed on
Dec 10, 2021
Sold by
George Abraham Vinod and George Annie Mibby
Bought by
Wallace Rickardo and Wallace Crystal
Seller's Agent
SASHOIR WILLIAMS
OPTION 1 REALTY GROUP, LLC
Buyer's Agent
SASHOIR WILLIAMS
OPTION 1 REALTY GROUP, LLC
List Price
$399,900
Sold Price
$400,253
Premium/Discount to List
$353
0.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Outstanding Balance
$365,650
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$201,283

Purchase Details

Closed on
Jan 4, 2020
Sold by
183-185 Scheerer Ave Llc
Bought by
Abraham Vinod G and Abraham Mibbie A
Source: Public Records

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Range of Values:

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Average Value
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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
Wallace Rickardo $400,000 Madison Title Agency
Wallace Rickardo $400,000 Chicago Title
Abraham Vinod G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Rickardo $392,755
Closed Wallace Rickardo $392,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $400,253 +0.1% --
05/07/2021 05/07/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $399,900 -- --
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 $10,308 $276,500 $29,100 $247,400
2022 $6,310 $168,900 $29,100 $139,800
2021 $6,307 $168,900 $29,100 $139,800
2020 $6,418 $168,900 $29,100 $139,800
2019 $6,352 $168,900 $29,100 $139,800
2018 $5,987 $168,900 $29,100 $139,800
2017 $5,763 $168,900 $29,100 $139,800
2016 $5,560 $168,900 $29,100 $139,800
2015 $5,339 $168,900 $29,100 $139,800
2014 $4,738 $168,900 $29,100 $139,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    SASHOIR WILLIAMS

    OPTION 1 REALTY GROUP, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3702038

Garden State MLS

APN: 14-03666-0000-00068

New Jersey Essex County Newark 07112 Weequahic

183 Scheerer Ave Unit 185, Newark, NJ

This home is located at 183 Scheerer Ave Unit 185, Newark, NJ 07112 since 24 March 2021 and is currently estimated at $620,445. This property was built in 1912. 183 Scheerer Ave Unit 185 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Hawthorne Avenue Elementary School, and Chancellor Avenue School.

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