NOT LISTED FOR SALE

294 Weequahic Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $427,000 - $511,000

6 Beds
2 Baths
-- Sq Ft
3,999 Sq Ft Lot

Last Sold June 27, 2023

Last sale price $350,000

Est. 36% increase in value since last sale

Current estimated payment $3,357/month

131 Days on Market

About This Home

As of June 2023

Great opportunity to live in & collect rent or strictly investment. 2 Family home on quiet dead end street located in Newark's Weequahic Section. Both units offer spacious 3 bedrooms, 1bath, eat in kitchen and living room. Exclusive driveway fits 2-3 cars that lead to detached garage. Property eligible for Newark Home Closing Cost Program. Sold As Is

Last Agent to Sell the Property

Sheila Terrones

Realty Empire, LLC Listed on: 07/28/2022

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,985

Lot Details

  • 3,999 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00009 / 03723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,985

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 973-510-2260
  • MLS Status: Sold - Sold
  • Directions: Aldine St to Weequahic Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 3999.0

Tax Info

  • Tax Annual Amount: 5985.0
  • Tax Block: 03723
  • Tax Lot: 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
Iwuanyanwu Chioma and Nwosu Emeka C
Bought by
Iwuanyanwu Chioma
Current Estimated Value
$474,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,822
Outstanding Balance
$452,130
Interest Rate
6.93%
Mortgage Type
FHA
Estimated Equity
$22,792

Purchase Details

Listed on
Jul 28, 2022
Closed on
Jun 22, 2023
Sold by
Williamson Rashaad W
Bought by
Iwuanyanwu Chioma
Seller's Agent
Sheila Terrones
Realty Empire, LLC
Buyer's Agent
Outside Agent
Outside Office
List Price
$389,999
Sold Price
$350,000
Premium/Discount to List
-$39,999
-10.26%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Original Mortgage
$343,660
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 6, 2017
Sold by
Modarelli Dylan
Bought by
Modarelli Holdings Llc

Purchase Details

Listed on
Mar 27, 2017
Closed on
May 31, 2017
Sold by
Sharperson Anthony
Bought by
Modarell Dylan
Seller's Agent
DAVIELIER TURNER
PINNACLE REAL ESTATE
Buyer's Agent
KEVIN SCHAEFER
UNITED REAL ESTATE
List Price
$95,000
Sold Price
$88,000
Premium/Discount to List
-$7,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.02%
Original Mortgage
$145,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 15, 2016
Closed on
Oct 14, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sharperson Anthony
Seller's Agent
CARL MENIAM
RE/MAX VILLA REALTORS
Buyer's Agent
CARL MENIAM
RE/MAX VILLA REALTORS
List Price
$44,900
Sold Price
$44,000
Premium/Discount to List
-$900
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
269.81%

Purchase Details

Closed on
Dec 1, 2015
Sold by
Banks Marva
Bought by
Federal National Mor

Purchase Details

Closed on
Apr 14, 1999
Sold by
Conti Mortgage
Bought by
Banks Judge and Banks Marva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,366
Interest Rate
6.85%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Iwuanyanwu Chioma $170,751 Elite Title
Iwuanyanwu Chioma $350,000 None Listed On Document
Modarelli Holdings Llc -- --
Modarell Dylan $88,000 Vested Land Services Llc
Sharperson Anthony $44,000 None Available
Federal National Mor $100 --
Banks Judge $54,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iwuanyanwu Chioma $454,822
Previous Owner Iwuanyanwu Chioma $343,660
Previous Owner Modarell Dylan $145,000
Previous Owner Banks Judge $64,366
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2023 06/27/23 Sold $350,000 -10.3% --
12/06/2022 12/06/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $389,999 0.0% --
08/25/2022 08/25/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $389,999 +343.2% --
06/05/2017 06/05/17 Sold $88,000 -7.4% -- View Prior Sale
05/17/2017 05/17/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $95,000 +115.9% --
11/23/2016 11/23/16 Sold $44,000 -2.0% -- View Prior Sale
10/11/2016 10/11/16 Pending -- -- --
09/15/2016 09/15/16 For Sale $44,900 -- --
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 $10,289 $225,000 $20,000 $205,000
2024 $10,289 $276,000 $20,000 $256,000
2022 $10,311 $276,000 $20,000 $256,000
2021 $10,306 $276,000 $20,000 $256,000
2020 $5,985 $157,500 $20,000 $137,500
2019 $5,924 $157,500 $20,000 $137,500
2018 $3,383 $91,600 $20,000 $71,600
2017 $3,261 $91,600 $20,000 $71,600
2016 $3,151 $91,600 $20,000 $71,600
2015 $3,031 $91,600 $20,000 $71,600
2014 $2,841 $91,600 $20,000 $71,600
Source: Public Records

Agents Affiliated with this Home

  • Sheila Terrones

    Seller's Agent in 2023

    Sheila Terrones

    Realty Empire, LLC

    (973) 653-4800

    1 in this area

    27 Total Sales

    Sheila Terrones
    Section Image

  • O

    Buyer's Agent in 2023

    Outside Agent

    Outside Office

  • D

    Seller's Agent in 2017

    DAVIELIER TURNER

    PINNACLE REAL ESTATE

  • K

    Buyer's Agent in 2017

    KEVIN SCHAEFER

    UNITED REAL ESTATE

  • CARL MENIAM

    Seller's Agent in 2016

    CARL MENIAM

    RE/MAX

    3 Total Sales

    CARL MENIAM
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 22028276

New Jersey MLS

APN: 14-03723-0000-00009

New Jersey Essex County Newark 07112 Weequahic

294 Weequahic Ave, Newark, NJ

Not Listed for Sale

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