NOT LISTED FOR SALE

250 S 7th St Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $365,000 - $466,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold October 25, 2018

Last sale price $250,000

Est. 60% increase in value since last sale

Current estimated payment $2,776/month

25 Days on Market

About This Home

As of October 2018

This home is located at 250 S 7th St, Newark, NJ 07103 since 01 July 2018 and is currently estimated at $398,978. 250 S 7th St is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Harriet Tubman School.

Last Agent to Sell the Property

OLAKUNLE AJIBOYE

LARA REALTY CORP Brokerage Phone: 973-622-1672 Listed on: 07/01/2018

Last Buyer's Agent

OLAKUNLE AJIBOYE

LARA REALTY CORP Brokerage Phone: 973-622-1672 Listed on: 07/01/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,922

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,922

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 250
  • I D: 4820313
  • Modified: 2019-10-26
  • Number Images: 1
  • Attribution Contact: 973-622-1672
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X100.2
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2025
Sold by
Diabagate Bakari
Bought by
Cisse Sandou
Current Estimated Value
$398,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Outstanding Balance
$341,958
Interest Rate
7.04%
Mortgage Type
FHA
Estimated Equity
$57,020

Purchase Details

Listed on
Jul 1, 2018
Closed on
Oct 23, 2018
Sold by
Balo Sidy and Cisse Batou
Bought by
Diabahgate Bakari
Seller's Agent
OLAKUNLE AJIBOYE
LARA REALTY CORP
Buyer's Agent
OLAKUNLE AJIBOYE
LARA REALTY CORP
List Price
$240,000
Sold Price
$250,000
Premium/Discount to List
$10,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$245,471
Interest Rate
5.62%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 2005
Sold by
Thompason Jeffrey
Bought by
Balo Sidy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
7.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 17, 2002
Sold by
Moreira Construction Co
Bought by
Thompson Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,655
Interest Rate
7.01%

Purchase Details

Closed on
Nov 8, 2001
Sold by
Rosa Manuel
Bought by
Moreira Construction

Purchase Details

Closed on
Aug 31, 2001
Sold by
Stuart Cynthia
Bought by
Rosa Manuel and Sequeira Antonio

Purchase Details

Closed on
Mar 12, 1990
Sold by
City Of Newark
Bought by
Stuart Cynthia R
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Cisse Sandou $350,000 Vital Abstract
Diabahgate Bakari $250,000 Commitment Land Title
Balo Sidy $395,000 --
Thompson Jeffrey $224,900 --
Thompson Jeffrey $224,900 --
Moreira Construction $30,000 --
Rosa Manuel $9,000 --
Stuart Cynthia R $3,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cisse Sandou $343,660
Previous Owner Diabahgate Bakari $245,471
Previous Owner Balo Sidy $316,000
Previous Owner Thompson Jeffrey $208,655
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2018 10/25/18 Sold $250,000 +4.2% --
07/26/2018 07/26/18 Pending -- -- --
07/01/2018 07/01/18 For Sale $240,000 -- --
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 $7,922 $212,500 $26,300 $186,200
2024 $7,922 $212,500 $26,300 $186,200
2022 $7,939 $212,500 $26,300 $186,200
2021 $7,935 $212,500 $26,300 $186,200
2020 $8,075 $212,500 $26,300 $186,200
2019 $7,992 $212,500 $26,300 $186,200
2018 $7,848 $212,500 $26,300 $186,200
2017 $7,565 $212,500 $26,300 $186,200
2016 $7,310 $212,500 $26,300 $186,200
2015 $7,032 $212,500 $26,300 $186,200
2014 $6,590 $212,500 $26,300 $186,200
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2018

    OLAKUNLE AJIBOYE

    LARA REALTY CORP

See All Agents

Map

Source: Garden State MLS

MLS Number: 3485765

Garden State MLS

APN: 14-01779-0000-00050

New Jersey Essex County Newark 07103 Fairmount

250 S 7th St, Newark, NJ

This home is located at 250 S 7th St, Newark, NJ 07103 since 01 July 2018 and is currently estimated at $398,978. 250 S 7th St is a home located in Essex County with nearby schools including Camden Street Elementary School, Sir Isaac Newton Elementary School, and Harriet Tubman School.

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