NOT LISTED FOR SALE

198 Elm St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $735,392 - $842,000

-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Last Sold January 11, 2022

Last sale price $565,000

Est. 42% increase in value since last sale

Current estimated payment $5,569/month

100 Days on Market

About This Home

As of January 2022

This home is located at 198 Elm St, Newark, NJ 07105 since 04 August 2021 and is currently estimated at $802,098. This property was built in 1915. 198 Elm St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,371

Year Built

  • Built in 1915

Lot Details

  • 2,178 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,371

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Year Built: 1915
  • County Name: Essex
  • Street Number Display: 198
  • I D: 5093775
  • Modified: 2023-01-12
  • Number Images: 0
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 24X95
  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Jan 10, 2022
Sold by
Plg1 Eom Llc
Bought by
Bhavnani Madhur
List Price
$649,000
Sold Price
$565,000
Premium/Discount to List
-$84,000
-12.94%
Current Estimated Value
$802,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,098
Avg. Annual Appreciation
12.11%
Original Mortgage
$423,750
Outstanding Balance
$394,279
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$460,222

Purchase Details

Closed on
Sep 22, 2020
Sold by
Broadway Ave Llc
Bought by
40 Broadway Ave Llc

Purchase Details

Closed on
Jul 25, 2019
Sold by
Indig Abraham
Bought by
Plg 1 Eom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 24, 1991
Sold by
Licataest Of Mario Exec Thomas
Bought by
Licata Thomas and Licata Charles
Source: Public Records

Range of Values:

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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
Bhavnani Madhur $565,000 Fidelity National Title
40 Broadway Ave Llc $350,000 New Title Company Name
Plg 1 Eom Llc -- --
Licata Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhavnani Madhur $423,750
Previous Owner Plg Eom Llc $461,500
Previous Owner Plg 1 Eom Llc $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2022 01/11/22 Sold $565,000 -4.1% --
11/12/2021 11/12/21 Pending -- -- --
10/26/2021 10/26/21 Price Changed $589,000 -9.2% --
08/04/2021 08/04/21 For Sale $649,000 +33.8% --
03/07/2018 03/07/18 Sold $485,000 +3.4% --
01/18/2018 01/18/18 Pending -- -- --
11/30/2017 11/30/17 For Sale $469,000 -- --
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 $14,371 $325,000 $72,100 $252,900
2024 $14,371 $385,500 $72,100 $313,400
2022 $7,797 $208,700 $72,500 $136,200
2021 $7,793 $208,700 $72,500 $136,200
2020 $7,931 $208,700 $72,500 $136,200
2019 $7,849 $208,700 $72,500 $136,200
2018 $7,707 $208,700 $72,500 $136,200
2017 $7,430 $208,700 $72,500 $136,200
2016 $7,179 $208,700 $72,500 $136,200
2015 $6,906 $208,700 $72,500 $136,200
2014 $6,472 $208,700 $72,500 $136,200
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Verdi

    Seller's Agent in 2018

    Nicholas Verdi

    KELLER WILLIAMS CITY VIEWS REALTY

    (973) 769-1009

    4 in this area

    170 Total Sales

    Nicholas Verdi
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3732185

Garden State MLS

APN: 14-00962-0000-00009

New Jersey Essex County Newark 07105 South Ironbound

198 Elm St, Newark, NJ

This home is located at 198 Elm St, Newark, NJ 07105 since 04 August 2021 and is currently estimated at $802,098. This property was built in 1915. 198 Elm St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

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