$57,000
SOLD JAN 24, 2017

316 S 7th St Newark, NJ 07103

West Side Neighborhood
-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Recently Sold

54% Below List Price

52 Days on Market

About This Home

As of February 2019

This home is located at 316 S 7th St, Newark, NJ 07103 and is currently priced at $57,000. This property was built in 1907. 316 S 7th St is a home located in Essex County with nearby schools including Camden Street Elementary School, Harriet Tubman School, and Sir Isaac Newton Elementary School.

Last Agent to Sell the Property

CLAIRE LAWRENCE

FRANKO REALTY LLC Brokerage Phone: 888-869-6707 Listed on: 11/21/2016

Last Buyer's Agent

CLAIRE LAWRENCE

FRANKO REALTY LLC Brokerage Phone: 888-869-6707 Listed on: 11/21/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,580

Year Built

  • Built in 1907

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,580

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • County Name: Essex
  • Street Number Display: 316
  • I D: 4672540
  • Modified: 2018-01-25
  • Number Images: 1
  • Attribution Contact: 888-869-6707
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Feb 20, 2019
Sold by
Gateway City Management
Bought by
Francios Wildenson
Seller's Agent
YOE LOPEZ
HOWARD HANNA RAND REALTY
Buyer's Agent
TAJ HAIRSTON
WEICHERT REALTORS
List Price
$265,000
Sold Price
$249,900
Premium/Discount to List
-$15,100
-5.7%
Total Days on Market
52
Current Estimated Value
$519,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,134
Avg. Annual Appreciation
12.34%

Purchase Details

Listed on
Nov 21, 2016
Closed on
Jan 24, 2017
Sold by
Gathara Francis K
Bought by
Gateway City Management Llc
Seller's Agent
CLAIRE LAWRENCE
FRANKO REALTY LLC
Buyer's Agent
CLAIRE LAWRENCE
FRANKO REALTY LLC
List Price
$125,000
Sold Price
$57,000
Premium/Discount to List
-$68,000
-54.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.52%
Original Mortgage
$134,000
Interest Rate
4.15%
Mortgage Type
Construction

Purchase Details

Closed on
May 31, 2013
Sold by
Murigu Eric
Bought by
Gathara Francis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2012
Sold by
Mcduffie Wilbert
Bought by
Murigu Eric
Source: Public Records

Range of Values:

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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 $249,900 American Land Title Affiliat
Deed $57,000 None Available
Deed $220,000 --
Deed $220,000 --
Deed $220,000 --
Executors Deed $30,500 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $252,500 New Conventional
Previous Owner $134,000 Construction
Previous Owner $216,015 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2019 02/22/19 Sold $249,900 -5.7% --
01/10/2019 01/10/19 Pending -- -- --
10/29/2018 10/29/18 For Sale $265,000 +364.9% --
01/24/2017 01/24/17 Sold $57,000 -54.4% --
01/12/2017 01/12/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $125,000 -- --
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
2024 $6,580 $176,500 $31,300 $145,200
2022 $6,594 $176,500 $31,300 $145,200
2021 $6,591 $176,500 $31,300 $145,200
2020 $6,707 $176,500 $31,300 $145,200
2019 $4,427 $117,700 $31,300 $86,400
2018 $4,347 $117,700 $31,300 $86,400
2017 $4,190 $117,700 $31,300 $86,400
2016 $4,049 $117,700 $31,300 $86,400
2015 $3,895 $117,700 $31,300 $86,400
2014 $3,650 $117,700 $31,300 $86,400
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2019

    YOE LOPEZ

    Rand Realty

  • T

    Buyer's Agent in 2019

    TAJ HAIRSTON

    WEICHERT REALTORS

  • C

    Seller's Agent in 2017

    CLAIRE LAWRENCE

    FRANKO REALTY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3349968

Garden State MLS

APN: 14-00279-0000-00036

New Jersey Essex County Newark 07103 West Side

316 S 7th St, Newark, NJ

This home is located at 316 S 7th St, Newark, NJ 07103 and is currently priced at $57,000. This property was built in 1907. 316 S 7th St is a home located in Essex County with nearby schools including Camden Street Elementary School, Harriet Tubman School, and Sir Isaac Newton Elementary School.

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