NOT LISTED FOR SALE

196 Tuxedo Pkwy Unit 198 Newark, NJ 07106

Ivy Hill Neighborhood

Estimated Value: $506,000 - $580,000

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold April 05, 2024

Last sale price $530,000

Est. 5% increase in value since last sale

Current estimated payment $3,387/month

15 Days on Market

About This Home

As of April 2024

This home is located at 196 Tuxedo Pkwy Unit 198, Newark, NJ 07106 since 09 February 2024 and is currently estimated at $556,955. This property was built in 1949. 196 Tuxedo Pkwy Unit 198 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

KEVIN JONES

EXODUS REAL ESTATE Brokerage Phone: 732-737-9013 Listed on: 02/09/2024

Last Buyer's Agent

MICHAEL PERSONETTE

GROUP TWENTY SIX LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,357

Year Built

  • Built in 1949

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,357

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Year Built: 1949
  • County Name: Essex
  • Street Number Display: 196
  • I D: 5269028
  • Modified: 2025-04-06
  • Number Images: 1
  • Attribution Contact: 732-737-9013
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 33X103.7
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Mar 18, 2024
Sold by
Nyamekye Kenneth
Bought by
Sanchez Edwin
Seller's Agent
KEVIN JONES
EXODUS REAL ESTATE
Buyer's Agent
MICHAEL PERSONETTE
GROUP TWENTY SIX LLC
List Price
$515,000
Sold Price
$530,000
Premium/Discount to List
$15,000
2.91%
Views
45
Current Estimated Value
$556,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,955
Avg. Annual Appreciation
3.43%
Original Mortgage
$245,000
Outstanding Balance
$241,353
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$315,602

Purchase Details

Closed on
Oct 24, 2019
Sold by
Kenneth Nyamekve
Bought by
City Of Newark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
3.73%

Purchase Details

Closed on
Aug 22, 2002

Purchase Details

Closed on
Feb 16, 1990
Sold by
Dillon Leighton P and Dillon Odette
Bought by
Nyamekye Joseph and Nyamekye Nicolas

Purchase Details

Closed on
Sep 12, 1989
Sold by
Dillon Carol Andrea
Bought by
Dillon Leighton P and Dillon Odette
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Sanchez Edwin $530,000 First American Title
City Of Newark -- None Listed On Document
-- -- --
Nyamekye Joseph $152,000 --
Dillon Leighton P $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Edwin $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $530,000 +2.9% --
02/29/2024 02/29/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $515,000 -- --
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 $5,357 $143,700 $33,300 $110,400
2024 $5,357 $143,700 $33,300 $110,400
2022 $5,369 $143,700 $33,300 $110,400
2021 $5,366 $143,700 $33,300 $110,400
2020 $5,461 $143,700 $33,300 $110,400
2019 $5,405 $143,700 $33,300 $110,400
2018 $5,307 $143,700 $33,300 $110,400
2017 $5,116 $143,700 $33,300 $110,400
2016 $4,943 $143,700 $33,300 $110,400
2015 $4,755 $143,700 $33,300 $110,400
2014 $4,456 $143,700 $33,300 $110,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    KEVIN JONES

    EXODUS REAL ESTATE

  • M

    Buyer's Agent in 2024

    MICHAEL PERSONETTE

    GROUP TWENTY SIX LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3885486

Garden State MLS

APN: 14-04276-0000-00050

New Jersey Essex County Newark 07106 Ivy Hill

196 Tuxedo Pkwy Unit 198, Newark, NJ

This home is located at 196 Tuxedo Pkwy Unit 198, Newark, NJ 07106 since 09 February 2024 and is currently estimated at $556,955. This property was built in 1949. 196 Tuxedo Pkwy Unit 198 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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