NOT LISTED FOR SALE

298 Ridgewood Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $783,954

6 Beds
4 Baths
-- Sq Ft
2,940 Sq Ft Lot

Last Sold May 15, 2023

Last sale price $699,000

Est. 12% increase in value since last sale

Current estimated payment $5,298/month

200 Days on Market

About This Home

As of May 2023

WELCOME TO BRAND NEW CONSTRUCTION !!! This fantastic new two-family home is located in Newark's Lower Clinton Hill Section, close to all major public transportation, I-78, Newark International Liberty Airport. This Beautiful brand-new home features a Multi-unit level: "OPEN FLOOR PLAN. " Natural light abounds throughout the living, Dining Room, Kitchen space room, two bedrooms, plus two full baths, and an in-unit laundry room. Interior stairs connect to the lower-level bedroom and full bath. Hardwood floor throughout. Central ( HVAC ) Exterior Brick Front, two-car garage, large back yard, and privacy fence. Home Qualifies for 10 Year homeowner's warranty

Last Agent to Sell the Property

Augusto Verissimo

Weichert Home City Realty Listed on: 07/28/2022

Weichert Home City Realty

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $813

Lot Details

  • 2,940 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • New Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00029 / 03562

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$813

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: (973) 741-3000
  • MLS Status: Sold - Sold
  • Directions: Irvine Turner Blvd. To Ridgewood Ave
  • Architectural Style: 3 Family
  • Year Built Details: New Const-New Fdn
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2940.0

Tax Info

  • Tax Annual Amount: 813.0
  • Tax Block: 03562
  • Tax Lot: 00029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Mar 29, 2023
Sold by
Espinosa Freddy R
Bought by
Saula Esther and Saula Bolanle
Seller's Agent
Augusto Verissimo
Weichert Home City Realty
Buyer's Agent
Outside Agent
Outside Office
List Price
$679,900
Sold Price
$699,000
Premium/Discount to List
$19,100
2.81%
Views
143
Current Estimated Value
$783,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,954
Avg. Annual Appreciation
3.96%
Original Mortgage
$664,050
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 14, 2021
Sold by
Faria Maria
Bought by
Espinosa Freddy R
Seller's Agent
Janethe Cruz
NIGITO REAL ESTATE LLC
Buyer's Agent
Janethe Cruz
NIGITO REAL ESTATE LLC
List Price
$100,000
Sold Price
$90,000
Premium/Discount to List
-$10,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
254.43%
Source: Public Records

Range of Values:

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 Buyer Sale Price Title Company
Saula Esther $699,000 Advent Title
Espinosa Freddy R $90,000 Westcor Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saula Esther $664,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $699,000 +2.8% --
02/13/2023 02/13/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $679,900 -2.7% --
01/28/2023 01/28/23 Off Market $699,000 -- --
07/28/2022 07/28/22 For Sale $679,900 +655.4% --
09/30/2021 09/30/21 Sold $90,000 -10.0% --
08/20/2021 08/20/21 For Sale $100,000 -- --
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 $13,462 $361,100 $50,000 $311,100
2024 $13,462 $361,100 $50,000 $311,100
2022 $800 $21,400 $21,400 $0
2021 $799 $21,400 $21,400 $0
2020 $813 $21,400 $21,400 $0
2019 $805 $21,400 $21,400 $0
2018 $790 $21,400 $21,400 $0
2017 $762 $21,400 $21,400 $0
2016 $736 $21,400 $21,400 $0
2015 $708 $21,400 $21,400 $0
2014 $664 $21,400 $21,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Augusto Verissimo

    Seller's Agent in 2023

    Augusto Verissimo

    Weichert Home City Realty

    (973) 420-5317

    4 in this area

    208 Total Sales

    Augusto Verissimo
    Section Image

  • O

    Buyer's Agent in 2023

    Outside Agent

    Outside Office

  • J

    Seller's Agent in 2021

    Janethe Cruz

    NIGITO REAL ESTATE LLC

    (973) 902-2728

    5 in this area

    32 Total Sales

    Janethe Cruz
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 22028361

New Jersey MLS

APN: 14-03562-01-00029

New Jersey Essex County Newark 07108 Weequahic

298 Ridgewood Ave, Newark, NJ

This home is located at 298 Ridgewood Ave, Newark, NJ 07112 since 28 July 2022 and is currently estimated at $783,954. 298 Ridgewood Ave is a home located in Essex County with nearby schools including Belmont Runyon School, Peshine Avenue Elementary School, and Hawthorne Avenue 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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