NOT LISTED FOR SALE

289 Chestnut St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $675,000 - $722,000

Studio
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Last Sold April 26, 2018

Last sale price $326,000

Est. 115% increase in value since last sale

Current estimated payment $4,375/month

15 Days on Market

About This Home

As of April 2018

This home is located at 289 Chestnut St, Newark, NJ 07105 since 08 February 2018 and is currently estimated at $700,879. This property was built in 1910. 289 Chestnut St is a home located in Essex County with nearby schools including Oliver Street School, Lafayette Street Elementary School, and Hawkins Street Elementary School.

Last Agent to Sell the Property

Nicholas Verdi

KELLER WILLIAMS CITY VIEWS REALTY Brokerage Phone: 973-623-1001 Listed on: 02/08/2018

KELLER WILLIAMS CITY VIEWS REALTY

Last Buyer's Agent

Michael Tejada

RE/MAX SELECT

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Essex
  • I D: 4777114
  • Attribution Contact: 973-623-1001
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 18.9X104.9
  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Payami Houman
Bought by
289 Chestnut Llc
Current Estimated Value
$700,879

Purchase Details

Listed on
Feb 8, 2018
Closed on
Feb 28, 2018
Sold by
Us Bank Na Tr
Bought by
Us Bank Na Tr
Seller's Agent
Nicholas Verdi
KELLER WILLIAMS CITY VIEWS REALTY
Buyer's Agent
Michael Tejada
RE/MAX SELECT
List Price
$249,000
Sold Price
$326,000
Premium/Discount to List
$77,000
30.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Feb 26, 2007
Sold by
Muniz Dorival
Bought by
Ferreira Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,800
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 17, 2002
Sold by
Rei Jose
Bought by
Muniz Dorival

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,477
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2001
Sold by
Pagano Gerald J
Bought by
Rei Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.21%

Purchase Details

Closed on
Sep 20, 1994
Sold by
Pagano Gerald
Bought by
Pagano G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
289 Chestnut Llc -- Sanchez Carlos
Us Bank Na Tr -- Solidifi Title
Ferreira Marcos $438,500 --
Muniz Dorival $228,000 --
Rei Jose $130,000 --
Pagano G $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferreira Marcos $350,800
Previous Owner Muniz Dorival $224,477
Previous Owner Rei Jose $2,000,000
Previous Owner Pagano G $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2018 04/26/18 Sold $326,000 +30.9% --
02/23/2018 02/23/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $249,000 -- --
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 $8,832 $236,900 $62,100 $174,800
2024 $8,832 $236,900 $62,100 $174,800
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Verdi

    Seller's Agent in 2018

    Nicholas Verdi

    KELLER WILLIAMS CITY VIEWS REALTY

    (973) 769-1009

    4 in this area

    158 Total Sales

    Nicholas Verdi
    Section Image
  • Michael Tejada

    Buyer's Agent in 2018

    Michael Tejada

    RE/MAX

    (908) 514-3466

    110 Total Sales

    Michael Tejada
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3445791

Garden State MLS

APN: 14-00955-0000-00055

New Jersey Essex County Newark 07105 South Ironbound

289 Chestnut St, Newark, NJ

Not Listed for Sale

MultiFamily

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