$675,000
SOLD APR 1, 2025

245 Elm St Newark, NJ 07105

South Ironbound Neighborhood
-- Bed
-- Bath
-- Sq Ft
25 Sq Ft Lot

Recently Sold

5% Above List Price

21 Days on Market

About This Home

As of April 2025

This home is located at 245 Elm St, Newark, NJ 07105 and is currently priced at $675,000. This property was built in 1900. 245 Elm St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

Last Agent to Sell the Property

BRENDAN DASILVA

KELLER WILLIAMS - NJ METRO GROUP Brokerage Phone: 973-783-7400 Listed on: 12/19/2024

Last Buyer's Agent

Chad Sederwall

KELLER WILLIAMS - NJ METRO GROUP

KELLER WILLIAMS - NJ METRO GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 25 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Essex
  • I D: 5329417
  • Attribution Contact: 973-783-7400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25 X 88.9
  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Mar 27, 2025
Sold by
Cunha Antonio F and Cunha Alida A
Bought by
Idrovo Fernando
Seller's Agent
BRENDAN DASILVA
KELLER WILLIAMS - NJ METRO GROUP
Buyer's Agent
Chad Sederwall
KELLER WILLIAMS - NJ METRO GROUP
List Price
$640,000
Sold Price
$675,000
Premium/Discount to List
$35,000
5.47%
Views
23
Current Estimated Value
$629,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,450
Avg. Annual Appreciation
-9.74%
Original Mortgage
$506,250
Outstanding Balance
$504,088
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$125,462

Purchase Details

Closed on
Jun 20, 2008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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 $675,000 Stewart Title
Quit Claim Deed $100 --
Bargain Sale Deed $400,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $506,250 New Conventional
Previous Owner $300,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2025 04/01/25 Sold $675,000 +5.5% --
01/09/2025 01/09/25 Pending -- -- --
12/19/2024 12/19/24 For Sale $640,000 -- --
Source: Garden State 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 $6,125 $164,300 $62,500 $101,800
2024 $6,125 $164,300 $62,500 $101,800
2022 $6,138 $164,300 $62,500 $101,800
2021 $6,135 $164,300 $62,500 $101,800
2020 $6,243 $164,300 $62,500 $101,800
2019 $6,179 $164,300 $62,500 $101,800
2018 $6,068 $164,300 $62,500 $101,800
2017 $5,849 $164,300 $62,500 $101,800
2016 $5,652 $164,300 $62,500 $101,800
2015 $5,437 $164,300 $62,500 $101,800
2014 $5,095 $164,300 $62,500 $101,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    BRENDAN DASILVA

    KELLER WILLIAMS - NJ METRO GROUP

  • C

    Buyer's Agent in 2025

    Chad Sederwall

    KELLER WILLIAMS - NJ METRO GROUP

    (862) 763-0196

    1 in this area

    13 Total Sales

    Chad Sederwall
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Map

Source: Garden State MLS

MLS Number: 3938651

Garden State MLS

APN: 14-01978-0000-00040

New Jersey Essex County Newark 07105 South Ironbound

245 Elm St, Newark, NJ

Sold

MultiFamily

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