NOT LISTED FOR SALE

318 16th Ave Newark, NJ 07103

West Side Neighborhood

Estimated Value: $708,498 - $837,000

-- Bed
-- Bath
-- Sq Ft
2,483 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $420,000

Est. 82% increase in value since last sale

Current estimated payment $5,160/month

21 Days on Market

About This Home

As of September 2021

This home is located at 318 16th Ave, Newark, NJ 07103 since 24 June 2021 and is currently estimated at $764,875. This property was built in 1900. 318 16th Ave is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

Last Agent to Sell the Property

TATYANA AVERBUKH

WEICHERT REALTORS Brokerage Phone: 908-654-7777 Listed on: 06/24/2021

Last Buyer's Agent

TATYANA AVERBUKH

WEICHERT REALTORS Brokerage Phone: 908-654-7777 Listed on: 06/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,287

Year Built

  • Built in 1900

Lot Details

  • 2,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,287

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Essex
  • Street Number Display: 318
  • I D: 5083433
  • Modified: 2022-09-10
  • Number Images: 0
  • Attribution Contact: 908-654-7777
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Oct 28, 2021
Sold by
318 16Th Ave Llc
Bought by
Braun Eliezer Y
Seller's Agent
TATYANA AVERBUKH
WEICHERT REALTORS
Buyer's Agent
TATYANA AVERBUKH
WEICHERT REALTORS
List Price
$445,000
Sold Price
$420,000
Premium/Discount to List
-$25,000
-5.62%
Current Estimated Value
$764,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,875
Avg. Annual Appreciation
17.00%
Original Mortgage
$480,000
Outstanding Balance
$440,097
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$346,851

Purchase Details

Listed on
Jun 24, 2021
Closed on
Oct 15, 2021
Sold by
318 16Th Ave Llc
Bought by
Capital Stack Fund 3 Llc
Seller's Agent
TATYANA AVERBUKH
WEICHERT REALTORS
Buyer's Agent
TATYANA AVERBUKH
WEICHERT REALTORS
List Price
$445,000
Sold Price
$420,000
Premium/Discount to List
-$25,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$440,097
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$346,851

Purchase Details

Listed on
Jun 24, 2021
Closed on
Sep 3, 2021
Sold by
Essex Acquisitions Llc
Bought by
318 16Th Ave Llc
Seller's Agent
TATYANA AVERBUKH
WEICHERT REALTORS
Buyer's Agent
TATYANA AVERBUKH
WEICHERT REALTORS
List Price
$445,000
Sold Price
$420,000
Premium/Discount to List
-$25,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$440,097
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$346,851

Purchase Details

Listed on
Aug 22, 2016
Closed on
Feb 14, 2017
Sold by
U S Bank Trust Na
Bought by
Early Start Management Llc
Seller's Agent
Patrick Fox
AMERICAN REALTY SERVICES GROUP
List Price
$129,900
Sold Price
$126,000
Premium/Discount to List
-$3,900
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.22%
Original Mortgage
$105,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2007
Sold by
Agbim Mathias
Bought by
Davidson Steadman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2004
Sold by
Jackson Alphonso
Bought by
Abim Mathias

Purchase Details

Closed on
Feb 16, 2001
Sold by
Homefinder Sve Inc
Bought by
Gary Rashida A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,517
Interest Rate
6.93%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 2000
Sold by
Bank Of New York
Bought by
Homefinders Svc

Purchase Details

Closed on
Dec 9, 1996
Sold by
Sosa Juan
Bought by
Smith Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.8%

Purchase Details

Closed on
Nov 10, 1990
Sold by
Sosa Juan and Sosa Bermudez,Isabel
Bought by
Sosa Juan M and Sosa Janet
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
Braun Eliezer Y -- Wellington Abstract Llc
Capital Stack Fund 3 Llc -- Stewart Title
318 16Th Ave Llc $550,000 Successful Abstract
Essex Acquisition Llc $420,000 Successful Abstract
Early Start Management Llc $116,000 Gurardian Title
Davidson Steadman $440,000 None Available
Abim Mathias $73,115 --
Gary Rashida A $138,000 --
Homefinders Svc $37,000 --
Homefinders Svc $37,000 --
Smith Robert $59,900 --
Sosa Juan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Braun Eliezer Y $480,000
Previous Owner Essex Acquisition Llc $470,000
Previous Owner Early Start Mgmt Llc $152,950
Previous Owner Early Start Management Llc $105,000
Previous Owner Davidson Steadman $374,000
Previous Owner Gary Rashida A $135,517
Previous Owner Smith Robert $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $420,000 -5.6% --
07/15/2021 07/15/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $445,000 +253.2% --
02/17/2017 02/17/17 Sold $126,000 -3.0% --
11/04/2016 11/04/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $129,900 -- --
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 $12,287 $329,600 $31,300 $298,300
2024 $12,287 $329,600 $31,300 $298,300
2022 $9,194 $246,100 $31,300 $214,800
2021 $9,189 $246,100 $31,300 $214,800
2020 $9,352 $246,100 $31,300 $214,800
2019 $9,256 $246,100 $31,300 $214,800
2018 $9,088 $246,100 $31,300 $214,800
2017 $8,761 $246,100 $31,300 $214,800
2016 $8,466 $246,100 $31,300 $214,800
2015 $8,143 $246,100 $31,300 $214,800
2014 $7,632 $246,100 $31,300 $214,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    TATYANA AVERBUKH

    WEICHERT REALTORS

  • Patrick Fox

    Seller's Agent in 2017

    Patrick Fox

    AMERICAN REALTY SERVICES GROUP

    (201) 681-0508

    17 Total Sales

    Patrick Fox
    Section Image

  • P

    Seller Co-Listing Agent in 2017

    PATRICK FOX JR

    AMERICAN REALTY SERVICES GROUP

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Map

Source: Garden State MLS

MLS Number: 3722942

Garden State MLS

APN: 14-00339-0000-00005

New Jersey Essex County Newark 07103 West Side

318 16th Ave, Newark, NJ

This home is located at 318 16th Ave, Newark, NJ 07103 since 24 June 2021 and is currently estimated at $764,875. This property was built in 1900. 318 16th Ave is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

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