$420,000
SOLD JAN 29, 2025

227 Wainwright St Unit 225 Newark, NJ 07112

Weequahic Neighborhood
4 Beds
2 Baths
2,477 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$170 Per Sq Ft

12% Below List Price

40 Days on Market

Highlights

  • Cooling Available
  • 2 Car Garage
  • 3-minute walk to Saint Peters Park
  • Baseboard Heating

About This Home

As of January 2025

AS IS Light Rehab needed and UGT located on the property. CASH ONLY or 203K. BACK ON MARKET DUE TO BUYER INABILITY TO SECURE LOAN. Additional highlights include a spacious backyard, a detached 2-car garage, and a long driveway. This home is ideal for a family wanting to live in one unit while renting out the other or for investors looking for a promising property with rental potential.

Last Agent to Sell the Property

Nancy Ellithy

Keller Williams Realty Central Monmouth License #2439919 Listed on: 12/04/2024

Keller Williams Realty Central Monmouth

Last Buyer's Agent

Nancy Ellithy

Keller Williams Realty Central Monmouth License #2439919 Listed on: 12/04/2024

Keller Williams Realty Central Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,534

Year Built

  • Built in 1927

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35 x 100

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,477 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 14-03733-0000-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,534

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Year Built: 1927
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 35 x 100
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Acres: 0.08
  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Lot Info

  • Lot Dimensions: 35 x 100
  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 14-03733-0000-00016
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7534.0
  • Tax Other Annual Assessment Amount: 202100.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2024
Closed on
Jan 28, 2025
Sold by
Ghanem Dalia
Bought by
Wainwright Capital Llc
Seller's Agent
Nancy Ellithy
Keller Williams Realty Central Monmouth
Buyer's Agent
Nancy Ellithy
Keller Williams Realty Central Monmouth
List Price
$475,000
Sold Price
$420,000
Premium/Discount to List
-$55,000
-11.58%
Views
100
Current Estimated Value
$439,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,425
Avg. Annual Appreciation
7.20%
Original Mortgage
$434,500
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2022
Sold by
Ainnon Tamam
Bought by
Ghanem Dalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,250
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,300
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 $420,000 Land Track Title
Deed $307,000 New Title Company Name
Deed $192,600 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $497,250 New Conventional
Closed $434,500 New Conventional
Previous Owner $230,250 New Conventional
Previous Owner $173,300 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2025 01/29/25 Sold $420,000 -16.0% $170 / Sq Ft
12/04/2024 12/04/24 Price Changed $500,000 +5.3% $202 / Sq Ft
12/04/2024 12/04/24 For Sale $475,000 0.0% $192 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $475,000 -- $192 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $7,534 $202,100 $18,800 $183,300
2024 $7,534 $202,100 $18,800 $183,300
2022 $4,778 $127,900 $18,800 $109,100
2021 $4,776 $127,900 $18,800 $109,100
2020 $4,860 $127,900 $18,800 $109,100
2019 $4,810 $127,900 $18,800 $109,100
2018 $4,723 $127,900 $18,800 $109,100
2017 $4,553 $127,900 $18,800 $109,100
2016 $4,400 $127,900 $18,800 $109,100
2015 $4,232 $127,900 $18,800 $109,100
2014 $3,966 $127,900 $18,800 $109,100
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2025

    Nancy Ellithy

    Keller Williams Realty Central Monmouth

    (908) 208-6264

    2 in this area

    7 Total Sales

    Nancy Ellithy
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22422158

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-03733-0000-00016

New Jersey Essex County Newark 07112 Weequahic

227 Wainwright St Unit 225, Newark, NJ

This home is located at 227 Wainwright St Unit 225, Newark, NJ 07112 and is currently priced at $420,000, approximately $169 per square foot. This property was built in 1927. 227 Wainwright St Unit 225 is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Peshine Avenue 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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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