NOT LISTED FOR SALE

243 Adams St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $560,000 - $671,000

4 Beds
5 Baths
-- Sq Ft
1,194 Sq Ft Lot

Last Sold July 03, 2024

Last sale price $580,000

Est. 6% increase in value since last sale

Current estimated payment $3,790/month

106 Days on Market

About This Home

As of July 2024

Opportunity knocks, Location, Location, Excellent home for a starter investor or Owner Occupied. New Roof, Sold "AS IS" Commuters Dream, enjoy the great community park. Ironbound is a remarkable neighborhood. Independence Park is like an open Oasis that people of all ages rely on for recreation, relaxation, Exercise, and socialization.

Last Agent to Sell the Property

Carlos Jesus

Exit Golden Realty Group, LLC Listed on: 02/08/2024

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,655

Lot Details

  • 1,194 Sq Ft Lot
  • Lot Dimensions are 22.2 x 53.7
  • Irregular Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Schools

  • Wilson Ave Elementary School
  • East Side High School

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Legal Lot and Block 00035 / 00958

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,655

Lot Details

0

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Duplex
  • ResoLotFeatures: Irregular Lot
  • View Type:Pond View: None
  • Co List Office Phone: (201) 997-4425
  • MLS Status: Sold - Sold
  • Directions: E. Kinney to Adams
  • Reso Fireplace Features: None
  • Year Built Details: 1900-1939,2010's,Renovated,Build Prior to 1978
  • PropertySubTypeAdditional: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Primary Bathroom: No

Exterior Features

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

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric, Natural Gas

Schools

  • Elementary School: Wilson Ave E.S.
  • High School: East Side H.S.
  • Elementary: Wilson Ave E.S.

Lot Info

  • Lot Dimensions: 22.2 X 53.7
  • Lot Size Sq Ft: 1194.0

Tax Info

  • Tax Annual Amount: 4655.0
  • Tax Block: 00958
  • Tax Lot: 00035

MLS Schools

  • High School Text: East Side H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Jul 1, 2024
Sold by
Passafaro Maria J Almeida and Passafaro Maria Jose
Bought by
Florez Javier
Seller's Agent
Carlos Jesus
Exit Golden Realty Group, LLC
Buyer's Agent
Outside Agent
Outside Office
List Price
$629,000
Sold Price
$580,000
Premium/Discount to List
-$49,000
-7.79%
Views
53
Current Estimated Value
$616,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,154
Avg. Annual Appreciation
5.70%
Original Mortgage
$435,000
Outstanding Balance
$430,607
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$185,547

Purchase Details

Closed on
Nov 26, 2018
Sold by
New Generation Dev Llc
Bought by
Passafaro Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,286
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 2014
Sold by
New Generation Development Llc
Bought by
New Generation Development Llc

Purchase Details

Listed on
Jul 8, 2014
Closed on
Jul 8, 2014
Sold by
Parlavecchio Joseph
Bought by
New Generation Devel
Seller's Agent
FRANK PERRY
PATRICIAN ASSOCIATES
Buyer's Agent
Augusto Verissimo
WEICHERT REALTORS - HOME CITY
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.91%
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
Florez Javier $580,000 Ats Title
Passafaro Maria J $205,000 --
New Generation Development Llc -- --
New Generation Development Llc -- --
New Generation Devel $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Florez Javier $435,000
Previous Owner Passafaro Maria J $200,000
Previous Owner Passafaro Maria J $201,286
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $580,000 -3.2% --
05/30/2024 05/30/24 Pending -- -- --
04/18/2024 04/18/24 Price Changed $599,000 -4.8% --
02/14/2024 02/14/24 For Sale $629,000 +424.2% --
07/08/2014 07/08/14 Sold $120,000 -- --
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 $4,645 $124,600 $44,600 $80,000
2024 $4,645 $124,600 $44,600 $80,000
2023 $4,655 $124,600 $44,600 $80,000
2022 $4,655 $124,600 $44,600 $80,000
2021 $4,653 $124,600 $44,600 $80,000
2020 $4,735 $124,600 $44,600 $80,000
2019 $4,686 $124,600 $44,600 $80,000
2018 $4,601 $124,600 $44,600 $80,000
2017 $4,436 $124,600 $44,600 $80,000
2016 $4,286 $124,600 $44,600 $80,000
2015 $4,123 $124,600 $44,600 $80,000
2014 $3,864 $124,600 $44,600 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Carlos Jesus

    Seller's Agent in 2024

    Carlos Jesus

    Exit Golden Realty Group, LLC

    (201) 852-3753

    2 in this area

    57 Total Sales

    Section Image

  • O

    Buyer's Agent in 2024

    Outside Agent

    Outside Office

  • F

    Seller's Agent in 2014

    FRANK PERRY

    PATRICIAN ASSOCIATES

  • Augusto Verissimo

    Buyer's Agent in 2014

    Augusto Verissimo

    WEICHERT REALTORS - HOME CITY

    (973) 420-5317

    56 in this area

    206 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24004526

New Jersey MLS

APN: 14-00958-0000-00035

New Jersey Essex County Newark 07105 South Ironbound

243 Adams St, Newark, NJ

This home is located at 243 Adams St, Newark, NJ 07105 since 08 February 2024 and is currently estimated at $616,154. 243 Adams St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street 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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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