NOT LISTED FOR SALE

198 Fairmount Ave Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $472,000 - $772,000

-- Bed
-- Bath
4,246 Sq Ft
$152/Sq Ft Est. Value

About This Home

This home is located at 198 Fairmount Ave, Newark, NJ 07103 and is currently estimated at $646,871, approximately $152 per square foot. 198 Fairmount Ave is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Cleveland Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2021
Sold by
Panchal Rakhee and Pachal Rakhee
Bought by
Panchal Rakhee
Current Estimated Value
$646,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Outstanding Balance
$317,291
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$330,749

Purchase Details

Closed on
Aug 13, 2020
Sold by
Raposo Eduardo
Bought by
Pachal Rakhee

Purchase Details

Closed on
Feb 25, 2017
Sold by
Raposo Eduardo and Ribeiro Ernane
Bought by
Raposo Eduardo

Purchase Details

Closed on
Mar 19, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Raposo Eduardo and Ribeiro Ernane

Purchase Details

Closed on
Oct 2, 2008
Sold by
Brown Almerice
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 1, 2003
Sold by
Alice Holdings
Bought by
Brown Almerice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.81%

Purchase Details

Closed on
Jun 5, 2003
Sold by
Indymac Bk
Bought by
Alice Holding

Purchase Details

Closed on
Sep 19, 1999
Sold by
Vitaliano Mario
Bought by
Vitaliano Mario and Vitagliano Alessio
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Panchal Rakhee -- Ats Title Agency Inc
Pachal Rakhee $385,000 Majestic Title Agency Llc
Raposo Eduardo $45,000 First American Title Insuran
Raposo Eduardo $34,900 Multiple
Deutsche Bank National Trust Company -- None Available
Brown Almerice $240,000 --
Alice Holding $125,000 --
Vitaliano Mario $58,000 --
Vitaliano Mario $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panchal Rakhee $341,250
Previous Owner Brown Almerice $295,200
Previous Owner Brown Almerice $216,000
Source: Public Records

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 $8,388 $225,000 $26,400 $198,600
2022 $11,783 $315,400 $26,400 $289,000
2021 $11,777 $315,400 $26,400 $289,000
2020 $6,342 $166,900 $26,400 $140,500
2019 $6,277 $166,900 $26,400 $140,500
2018 $6,164 $166,900 $26,400 $140,500
2017 $5,942 $166,900 $26,400 $140,500
2016 $5,741 $166,900 $26,400 $140,500
2015 $5,523 $166,900 $26,400 $140,500
2014 $5,176 $166,900 $26,400 $140,500
Source: Public Records

Map

New Jersey Essex County Newark 07103 Fairmount

198 Fairmount Ave, Newark, NJ

This home is located at 198 Fairmount Ave, Newark, NJ 07103 and is currently estimated at $646,871, approximately $152 per square foot. 198 Fairmount Ave is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Cleveland Elementary 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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