NOT LISTED FOR SALE

199-201 16th Ave Newark, NJ 07103

West Side Neighborhood

Estimated Value: $386,000 - $430,000

3 Beds
2 Baths
-- Sq Ft
3,206 Sq Ft Lot

Last Sold January 20, 2023

Last sale price $330,000

Est. 21% increase in value since last sale

Current estimated payment $2,658/month

32 Days on Market

About This Home

As of January 2023

Well maintained single family Home located within a convenient and accessible neighborhood part of Newark. Location is steps away from the Park. Buyer responsible for C O and all city inspections. SOLD AS IS

Last Agent to Sell the Property

Dilip Luthra

Realty Mark Central Listed on: 11/12/2022

Realty Mark Central

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,582

Lot Details

  • 3,206 Sq Ft Lot
  • Lot Dimensions are 55 x58
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00054 / 00286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,582

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Duplex
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 609-716-8400
  • MLS Status: Sold - Sold
  • Directions: use GPS
  • Reso Fireplace Features: None
  • Year Built Details: 2000's
  • PropertySubTypeAdditional: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Primary Bathroom: No
  • Basement Remarks: Utility

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Hot Water

Lot Info

  • Lot Dimensions: 55 X58
  • Lot Size Sq Ft: 3206.0

Tax Info

  • Tax Annual Amount: 5582.0
  • Tax Block: 00286
  • Tax Lot: 00054

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2022
Closed on
Jan 19, 2023
Sold by
Bankole Adeola David and Bankole Mariam O
Bought by
Adelaja Olufemi A
Seller's Agent
Dilip Luthra
Realty Mark Central
Buyer's Agent
Outside Agent
Outside Office
List Price
$309,900
Sold Price
$330,000
Premium/Discount to List
$20,100
6.49%
Views
1
Current Estimated Value
$400,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,704
Avg. Annual Appreciation
8.44%
Original Mortgage
$313,500
Outstanding Balance
$304,007
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$101,704

Purchase Details

Listed on
Feb 10, 2014
Closed on
Feb 19, 2014
Sold by
Pirotto Osavaldo and Pirotto Osavaldo
Bought by
Bankole Adeola D and Bankole B
Seller's Agent
ESSIE WILLIAMS
HOWARD HANNA RAND REALTY
Buyer's Agent
ESSIE WILLIAMS
HOWARD HANNA RAND REALTY
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$144,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2014
Closed on
Jan 31, 2014
Sold by
Pirotto Osvaldo
Bought by
Bankole Adeola David and Bankole Mariam
Seller's Agent
ESSIE WILLIAMS
HOWARD HANNA RAND REALTY
Buyer's Agent
ESSIE WILLIAMS
HOWARD HANNA RAND REALTY
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2013
Sold by
New Jersey Hous & Mt
Bought by
Pirotto Osvaldo

Purchase Details

Closed on
Dec 30, 2011
Sold by
Tolbert Christine
Bought by
New Jersey Housing & Mortgage Finance Ag

Purchase Details

Closed on
Oct 18, 2000
Sold by
Metropolitan United Ministries
Bought by
Peay Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,680
Interest Rate
7.88%
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
Adelaja Olufemi A $330,000 None Listed On Document
Bankole Adeola D $145,000 --
Bankole Adeola David -- None Available
Pirotto Osvaldo $38,000 --
New Jersey Housing & Mortgage Finance Ag -- None Available
Peay Mary $113,680 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adelaja Olufemi A $313,500
Previous Owner Bankole Adeola David $136,800
Previous Owner Bankole Adeola David $136,800
Previous Owner Bankole Adeola D $144,000
Previous Owner Bankole Adeola David $144,000
Previous Owner Tolbert Christine $80,000
Previous Owner Peay Mary $113,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2023 01/20/23 Sold $330,000 +6.5% --
12/14/2022 12/14/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $309,900 +113.7% --
02/10/2014 02/10/14 Sold $145,000 +281.6% --
08/07/2013 08/07/13 Sold $38,000 -- --
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 $5,573 $149,500 $26,300 $123,200
2024 $5,573 $149,500 $26,300 $123,200
2022 $5,585 $149,500 $26,300 $123,200
2021 $5,582 $149,500 $26,300 $123,200
2020 $5,681 $149,500 $26,300 $123,200
2019 $5,623 $149,500 $26,300 $123,200
2018 $5,521 $149,500 $26,300 $123,200
2017 $5,322 $149,500 $26,300 $123,200
2016 $5,143 $149,500 $26,300 $123,200
2015 $4,947 $149,500 $26,300 $123,200
2014 $4,636 $149,500 $26,300 $123,200
Source: Public Records

Agents Affiliated with this Home

  • Dilip Luthra

    Seller's Agent in 2023

    Dilip Luthra

    Realty Mark Central

    (609) 273-1212

    4 in this area

    59 Total Sales

    Section Image

  • O

    Buyer's Agent in 2023

    Outside Agent

    Outside Office

  • E

    Seller's Agent in 2014

    ESSIE WILLIAMS

    Rand Realty

  • T

    Seller's Agent in 2013

    THOMAS CRIVELLO

    ERA STATEWIDE REALTY

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Map

Source: New Jersey MLS

MLS Number: 22041114

New Jersey MLS

APN: 14-00286-0000-00054

New Jersey Essex County Newark 07103 West Side

199-201 16th Ave, Newark, NJ

This home is located at 199-201 16th Ave, Newark, NJ 07103 since 12 November 2022 and is currently estimated at $405,711. 199-201 16th Ave is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer 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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