NOT LISTED FOR SALE

197 Hobson St Unit 199 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $525,000 - $576,000

4 Beds
2 Baths
-- Sq Ft
3,119 Sq Ft Lot

Last Sold February 15, 2022

Last sale price $326,000

Est. 64% increase in value since last sale

Current estimated payment $3,571/month

112 Days on Market

About This Home

As of February 2022

Go big or go home. This will not last! This spacious 2 family has lots of potential to increase bedroom count. A few other upgrades can make this a strong investment. Spacious backyard, plenty of parking. 2nd floor apartment scheduled to be delivered vacant. 1st floor mo-to-mo tenant - no lease.

Last Agent to Sell the Property

Gloria Washington

Vylla Home Listed on: 09/26/2021

Vylla Home

Last Buyer's Agent

Christine Austin

RE/MAX First Realty II

RE/MAX First Realty II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,108

Lot Details

  • 3,119 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00021 / 03063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,108

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 856-206-0413
  • MLS Status: Sold - Sold
  • Directions: GPS
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 3119.0

Tax Info

  • Tax Annual Amount: 6108.0
  • Tax Block: 03063
  • Tax Lot: 00021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2023
Sold by
199 Capital Llc
Bought by
Frieder Shloima
Current Estimated Value
$533,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Outstanding Balance
$359,334
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$192,443

Purchase Details

Closed on
Jul 12, 2021
Sold by
Bell Jason
Bought by
Urban Investors Llc

Purchase Details

Closed on
Oct 23, 2020
Sold by
Conway Kamala
Bought by
Bell Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
2.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2008
Sold by
Bryant Ruby M
Bought by
Conway Kamala

Purchase Details

Closed on
Jul 7, 2008
Sold by
Bryant Ruby M
Bought by
Conway Kamala

Purchase Details

Closed on
Jan 28, 2008
Sold by
Conway Kamala
Bought by
Bryant Ruby M

Purchase Details

Closed on
May 31, 1990
Sold by
Conway Kamala
Bought by
Leviston Michael

Purchase Details

Closed on
Feb 21, 1990
Sold by
Lewis Dolores
Bought by
Conway Kamala
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Frieder Shloima -- Land Track Title
Urban Investors Llc -- None Available
Bell Jason $250,000 Wfg National Title Ins Co
Conway Kamala -- None Available
Conway Kamala -- Landguard Title Services Llc
Bryant Ruby M -- Landguard Title Services Llc
Leviston Michael -- --
Conway Kamala -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frieder Shloima $367,500
Previous Owner 199 Capital Llc $334,300
Previous Owner Bell Jason $20,000
Previous Owner Bell Jason $224,985
Previous Owner Bell Jason $20,000
Previous Owner Conway Humphrey Kamala $188,000
Previous Owner Conway Kamala $60,000
Previous Owner Conway Kamala $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $326,000 +3.5% --
01/16/2022 01/16/22 Pending -- -- --
11/14/2021 11/14/21 Price Changed $315,000 -7.4% --
10/26/2021 10/26/21 Price Changed $340,000 +13.7% --
09/26/2021 09/26/21 For Sale $299,000 -- --
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
2025 $7,803 $209,300 $27,500 $181,800
2024 $7,803 $209,300 $27,500 $181,800
2023 $6,067 $209,300 $27,500 $181,800
2022 $6,067 $162,400 $27,500 $134,900
2021 $6,064 $162,400 $27,500 $134,900
2020 $6,171 $162,400 $27,500 $134,900
2019 $6,108 $162,400 $27,500 $134,900
2018 $5,997 $162,400 $27,500 $134,900
2017 $5,781 $162,400 $27,500 $134,900
2016 $5,587 $162,400 $27,500 $134,900
2015 $5,374 $162,400 $27,500 $134,900
2014 $5,036 $162,400 $27,500 $134,900
Source: Public Records

Agents Affiliated with this Home

  • Gloria Washington

    Seller's Agent in 2022

    Gloria Washington

    Vylla Home

    (862) 437-0200

    3 in this area

    32 Total Sales

    Section Image
  • Christine Austin

    Buyer's Agent in 2022

    Christine Austin

    RE/MAX

    (201) 314-0018

    8 in this area

    62 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 21038825

New Jersey MLS

APN: 14-03063-0000-00021

New Jersey Essex County Newark 07112 Weequahic

197 Hobson St Unit 199, Newark, NJ

This home is located at 197 Hobson St Unit 199, Newark, NJ 07112 since 26 September 2021 and is currently estimated at $551,777. 197 Hobson St Unit 199 is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Belmont Runyon School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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