NOT LISTED FOR SALE

199 12th Ave Unit 201 Newark, NJ 07107

Fairmount Neighborhood

Estimated Value: $648,361 - $771,000

2 Beds
1 Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold April 11, 2022

Last sale price $510,000

Est. 35% increase in value since last sale

Current estimated payment $4,627/month

About This Home

As of November 2022

Fully renovated apartment w/ 3 beds & 1 bath, stainless steel appliances, close to public transportation, laundry facilities, elementary & high schools and local restaurants. No use of basement and backyard. Plenty of street parking.

Last Agent to Rent the Property

Daphne Bethea

Keller Williams Realty - NJ Metro Group Listed on: 08/31/2022

Keller Williams Realty - NJ Metro Group

Last Renter's Agent

Carlos Albarracin

Coldwell Banker, Westfield

Coldwell Banker, Westfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,751

Year Built

  • 1922

Lot Details

  • 5,009

Home Design

Kitchen

  • Gas Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,751

Year Built

1922

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: None
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Microwave, Ov/Rang/Gs, Refrigerator, Water
  • Reso Association Amenities: None
  • Reso Pets Allowed: No
  • Co List Office Phone: (973) 783-7400
  • MLS Status: Leased - Leased
  • Directions: S 8th and a right on to 12th Ave
  • Reso Fireplace Features: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1922

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Parking Features: None, See Remarks

Utilities

  • Cooling: Gas
  • Heating: Natural Gas, Hot Air, See Remarks

Lot Info

  • Lot: 00033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Apr 7, 2022
Sold by
Capc Nj Asset Stabilization Fu
Bought by
Maxwell Laurel
Seller's Agent
Matthew Meyer
Keller Williams City Life Realty
Buyer's Agent
Outside Agent
Outside Office
List Price
$484,999
Sold Price
$510,000
Premium/Discount to List
$25,001
5.15%
Current Estimated Value
$690,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,840
Avg. Annual Appreciation
9.17%
Original Mortgage
$500,762
Outstanding Balance
$471,209
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$219,631

Purchase Details

Closed on
Jun 27, 2007
Sold by
Urena Edilio
Bought by
Maxwell Oweye and Okubanjo Olufemi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,116
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 2006
Sold by
Dixon Pauline
Bought by
Urena Edilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1996
Sold by
Coleman Elijah
Bought by
Rutherford Carll
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
Maxwell Laurel $510,000 Ptcs Title
Maxwell Oweye $286,200 First American Title Ins Co
Urena Edilio $215,000 --
Rutherford Carll $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxwell Laurel $500,762
Previous Owner Maxwell Oweye $407,116
Previous Owner Urena Edilio $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2022 11/23/22 Rented $1,650 0.0% --
08/31/2022 08/31/22 For Rent $1,650 0.0% --
04/11/2022 04/11/22 Sold $510,000 +5.2% --
02/09/2022 02/09/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $484,999 -- --
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 $11,751 $315,200 $32,700 $282,500
2024 $11,751 $315,200 $32,700 $282,500
2022 $4,554 $121,900 $32,700 $89,200
2021 $4,552 $121,900 $32,700 $89,200
2020 $4,632 $121,900 $32,700 $89,200
2019 $4,585 $121,900 $32,700 $89,200
2018 $6,145 $166,400 $32,700 $133,700
2017 $5,924 $166,400 $32,700 $133,700
2016 $5,724 $166,400 $32,700 $133,700
2015 $5,506 $166,400 $32,700 $133,700
2014 $5,160 $166,400 $32,700 $133,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22032356

New Jersey MLS

APN: 14-01812-0000-00033