$510,000
SOLD APR 11, 2022

199 12th Ave Unit 201 Newark, NJ 07107

Fairmount Neighborhood
7 Beds
3 Baths
-- Sq Ft
5,001 Sq Ft Lot

Recently Sold

5% Above List Price

15 Days on Market

About This Home

As of April 2022

MULTIPLE OFFERS ARE IN! Highest and Best is set for Tuesday 2/1 at 9am. LARGE LEGAL 3 FAMILY WITH LARGE LOT THAT CAN FIT 6 (or more) PARKING SPOTS! Property was updated a few years back but does need some minor finishing touches as it has great bones. Integro is a subsidiary of the seller. Property is being sold in AS-IS condition and the buyers will be responsible for all costs and obtaining of the certs. Property has since been cleaned out since pictures were taken.

Last Agent to Sell the Property

Matthew Meyer

Keller Williams City Life Realty Listed on: 01/25/2022

Keller Williams City Life Realty

Co-Listed By

Terry Kelleher

CAPC Brokerage, LLC

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,585

Lot Details

  • 5,001 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00033 / 01812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,585

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 291-1393
  • MLS Status: Sold - Sold
  • Directions: Central Ave. to S 8th to 12th
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 4585.0
  • Tax Block: 01812
  • Tax 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 Type Sale Price Title Company
Deed $510,000 Ptcs Title
Deed $286,200 First American Title Ins Co
Deed $215,000 --
Deed $3,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,762 FHA
Previous Owner $407,116 FHA
Previous Owner $172,000 Purchase Money Mortgage
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: 22002421

New Jersey MLS

APN: 14-01812-0000-00033