NOT LISTED FOR SALE

216 Chestnut St Newark, NJ 07105

Estimated Value: $647,431 - $779,000

4 Beds
3 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold January 09, 2020

Last sale price $475,500

Est. 52% increase in value since last sale

Current estimated payment $5,233/month

39 Days on Market

Highlights

  • 3,093 Sq Ft lot
  • Detached Garage
  • Rectangular Lot
  • Property is near a park

About This Home

As of January 2020

LOCATION, LOCATION, LOCATION. Welcome to 216 Chestnut St. Three family house located in the heart of Ironbound. Great opportunity for an investor or owner occupant. Fully occupied with finished basement and two car garage with the driveway to park 4-5 cars. Tenants are month to month. Long term tenants. Current rent is below market value. Bring your buyers. Bring all offers.

Last Listed By

Gissel Calzadilla

Weichert Home City Realty Listed on: 09/23/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,304

Year Built

  • 1900

Lot Details

  • 3,093 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Built between 1900 - 1939
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 071400947 00057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,304

Year Built

1900

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Views/Exposure: None
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 11
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Finished
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: Detached, Park Space, 2 Car

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Win/AC

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00057
  • Estimated Lot Sq Ft: 3093
  • Lot Description: Regular

Tax Info

  • Tax: 7304
  • Assessor Parcel Number: 071400947 00057

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 1983
Bought by
Santos Albert and Santos Blandina
Total Days on Market
39
Current Estimated Value
$720,608

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Newark, NJ

  • 147 Tichenor St, Newark, NJ 07105

    $579,900

    • 4 Beds
    • 4 Baths
    • 147 Tichenor St
    • Newark, NJ

    OUR PERFECT HOME WAITS FOR YOU!!! This Amazing, well-maintained three-story two-family home is conveniently located in the sought-after Ironbound section. Everything is just steps away from your door and local recreational Parks, while close to all major public transportation. These exceptional home features: kitchen, living room, a bedroom, and a full bath, per apartment, plus a finished Attic

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 392 Walnut St, Newark, NJ 07105

    $629,900

    • 6 Beds
    • 4 Baths
    • 392 Walnut St
    • Newark, NJ

    Location, Location, Location, A well-maintained, two-family home conveniently located in the sought-after Ironbound section of Newark. Everything is just steps from your door! Ferry Street Restaurants/Shopping/Nightlife, and all major public transportation with "EASY NYC COMMUTE, where a 20-minute train ride will have you in NYC! Featuring: First & Second Floor Six over Six, one full bath per

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 22 Kossuth St, Newark, NJ 07105

    $639,900

    • 5 Beds
    • 4 Baths
    • 22 Kossuth St
    • Newark, NJ

    WELCOME TO 22 Kossuth St!!! This solid brick two-family home is unique, exceptionally well-maintained, and conveniently located in the vibrant and bustling Ironbound Neighborhood. Everything just steps from your door. Local Restaurants & Wilson Avenue/ Ferry Shopping Stores / Nightlife, and all major Highways and public transportation. Offers spacious apartments consisting of a sizable

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 32 Holland St, Newark, NJ 07103

    $600,000

    • 5 Beds
    • 2 Baths
    • 32 Holland St
    • Newark, NJ

    Welcome to this charming two-family home in the heart of Newark, where the possibilities are endless for both owner-occupants and savvy investors! This property boasts a spacious and inviting layout that caters to your every need. On the first floor, you'll find a comfortable living space featuring two cozy bedrooms, a well-appointed bathroom, and an eat-in kitchen complete with a delightful

    David Vanegas EMPIRE REAL ESTATE

    Section Image
  • 136-138 Elwood Ave E, Newark, NJ 07104

    $850,000

    • 5 Beds
    • 4 Baths
    • 136-138 Elwood Ave E
    • Newark, NJ

    GREAT OPPORTUNITY TO OWN!!! A well-maintained, large two-family home conveniently located at the Corner of Elmwood and Summer and sits on one a large with two car garage Finished Attic and Basement Don't miss out on this opportunity to live in a vibrant and thriving community

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 136 Elwood Ave Unit 138, Newark, NJ 07104

    $850,000

    • 5 Beds
    • 4 Baths
    • 136 Elwood Ave
    • Unit 138
    • Newark, NJ

    GREAT OPPORTUNITY TO OWN!!! A well-maintained, large two-family home conveniently located at the Corner of Elmwood and Summer and sits on one a large with two car garage Finished Attic and Basement Don't miss out on this opportunity to live in a vibrant and thriving community

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 340 Adams St, Newark, NJ 07105

    $649,000

    • 3 Beds
    • 3 Baths
    • 340 Adams St
    • Newark, NJ

    1st time 2 family on the market in over 75 years. Ironbound and the Ann St school district. 1st floor features living room, eat in kitchen, full bath and 2 bedrooms and full finished basement with 3 rooms. 2nd floor features living room, kitchen, dining room, full bath, office and 1 bedroom.

    Faith Salviano PLATINUM REAL ESTATE SOLUTIONS

    Section Image
  • 222 Van Buren St, Newark, NJ 07105

    $775,000

    • 5 Beds
    • 4 Baths
    • 222 Van Buren St
    • Newark, NJ

    Rare Investor Opportunity in Newark's Historic Ironbound! Don't miss this fully occupied, brick 2-family property in the heart of Newark's sought-after Ironbound section directly across from vibrant and updated Independence Park and next to East Side High School. This charming pre-war building offers historic character and strong rental appeal.Unit 1 features 2 spacious bedrooms, a renovated

    ARI MESMER RE/MAX SELECT

    Section Image
  • 146 Adams St, Newark, NJ 07105

    $699,000

    • 6 Beds
    • 3 Baths
    • 146 Adams St
    • Newark, NJ

    CALLING ALL INVESTORS! 3 Family in the heart of the Ironbound. Property is zoned C-2 Commercial Community which means you have quite a number of options. Whether you want to renovate and fully lease or if you want to knock it down and build a brand new 5 story mixed use building; the choice is YOURS! This property is one block from Ferry St. It's near so many local restaurants, shopping &

    DINA COSTA LIFESTYLE INTERNATIONAL REALTY

    Section Image

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
Santos Albert $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Albert T $312,500
Closed Santos Albert T $297,009
Closed Santos Alberto $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2020 01/09/20 Sold $475,500 -11.8% --
11/01/2019 11/01/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $539,000 -- --
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
2024 $14,398 $386,200 $68,900 $317,300
2022 $14,428 $386,200 $68,900 $317,300
2021 $14,421 $386,200 $68,900 $317,300
2020 $7,516 $197,800 $68,900 $128,900
2019 $7,439 $197,800 $68,900 $128,900
2018 $7,305 $197,800 $68,900 $128,900
2017 $7,042 $197,800 $68,900 $128,900
2016 $6,804 $197,800 $68,900 $128,900
2015 $6,545 $197,800 $68,900 $128,900
2014 $6,134 $197,800 $68,900 $128,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 1944210

New Jersey MLS

APN: 14-00947-0000-00057