$126,000
SOLD FEB 17, 2017
-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Recently Sold

3% Below List Price

74 Days on Market

About This Home

As of September 2021

This home is located at 318 16th Ave, Newark, NJ 07103 and is currently priced at $126,000. 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

Patrick Fox

AMERICAN REALTY SERVICES GROUP Listed on: 08/22/2016

Co-Listed By

PATRICK FOX JR

AMERICAN REALTY SERVICES GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,287

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot

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: 4651489
  • Modified: 2021-09-23
  • Number Images: 1
  • 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
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
16.66%
Original Mortgage
$480,000
Outstanding Balance
$440,097
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$324,778

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
$324,778

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
$324,778

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:

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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
Bargain Sale Deed -- Wellington Abstract Llc
Deed -- Stewart Title
Deed $550,000 Successful Abstract
Deed $420,000 Successful Abstract
Deed $116,000 Gurardian Title
Deed $440,000 None Available
Deed $73,115 --
Deed $138,000 --
Deed $37,000 --
Deed $37,000 --
Deed $59,900 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $470,000 Construction
Previous Owner $152,950 Stand Alone Refi Refinance Of Original Loan
Previous Owner $105,000 Purchase Money Mortgage
Previous Owner $374,000 Purchase Money Mortgage
Previous Owner $135,517 FHA
Previous Owner $60,000 No Value Available
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

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Map

Source: Garden State MLS

MLS Number: 3330711

Garden State MLS

APN: 14-00339-0000-00005