NOT LISTED FOR SALE

35 Salem St Newark, NJ 07106

Lower Vailsburg Neighborhood

Estimated Value: $967,584

Studio
5 Baths
3,995 Sq Ft
$242/Sq Ft Est. Value

Last Sold December 06, 2024

Last sale price $825,000 $207 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,003/month

181 Days on Market

About This Home

As of December 2024

This home is located at 35 Salem St, Newark, NJ 07106 since 10 April 2024 and is currently estimated at $967,584, approximately $242 per square foot. This property was built in 2024. 35 Salem St is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

Shawn Rosa

ROSA AGENCY Brokerage Phone: 973-751-1000 Listed on: 04/10/2024

Last Buyer's Agent

Michael Rosa

ROSA AGENCY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • 28 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

28 Sq Ft Lot

Listing Details

  • Year Built: 2024
  • County Name: Essex
  • I D: 5280528
  • Attribution Contact: 973-751-1000
  • MLS Status: Sold
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 28.3X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Dec 5, 2024
Sold by
Benfica Development Llc
Bought by
Tella Opeyemi Esther
Seller's Agent
Shawn Rosa
ROSA AGENCY
Buyer's Agent
Michael Rosa
ROSA AGENCY
List Price
$799,000
Sold Price
$825,000
Premium/Discount to List
$26,000
3.25%
Views
49
Current Estimated Value
$967,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,584
Avg. Annual Appreciation
10.79%
Original Mortgage
$810,057
Outstanding Balance
$803,600
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
$135,147

Purchase Details

Closed on
Mar 30, 2023
Sold by
City Of Newark
Bought by
Benfica Development Llc

Purchase Details

Closed on
Mar 4, 2000
Sold by
Sos Assoc
Bought by
Hosier William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.19%

Purchase Details

Closed on
Oct 27, 1998
Sold by
Wmfc 1997 4
Bought by
Sos Assoc

Purchase Details

Closed on
Mar 24, 1992
Sold by
Muhammad Abdurrufi D
Bought by
Muhammad Summayyah M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Tella Opeyemi Esther -- Catic Title
Tella Opeyemi Esther -- Catic Title
Benfica Development Llc $16,980 Old Republic National Title
Hosier William $102,000 --
Sos Assoc $13,000 --
Muhammad Summayyah M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tella Opeyemi Esther $810,057
Closed Tella Opeyemi Esther $810,057
Previous Owner Hosier William $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2024 12/06/24 Sold $825,000 0.0% $207 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/17/2024 09/17/24 Price Changed $825,000 +1.2% $207 / Sq Ft
05/03/2024 05/03/24 Price Changed $815,000 +2.0% $204 / Sq Ft
04/10/2024 04/10/24 For Sale $799,000 -- $200 / Sq Ft
Source: Garden State MLS

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 -- $405,200 $16,600 $388,600
2024 -- $16,600 $16,600 --
2022 $0 $16,600 $16,600 $0
2021 $0 $16,600 $16,600 $0
2020 $0 $16,600 $16,600 $0
2019 $0 $16,600 $16,600 $0
2018 $0 $16,600 $16,600 $0
2017 $0 $16,600 $16,600 $0
2016 $0 $16,600 $16,600 $0
2015 -- $16,600 $16,600 $0
2014 -- $16,600 $16,600 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Shawn Rosa

    ROSA AGENCY

    (908) 642-6704

    9 in this area

    60 Total Sales

    Shawn Rosa
    Section Image
  • Michael Rosa

    Buyer's Agent in 2024

    Michael Rosa

    ROSA AGENCY

    (908) 289-5200

    3 in this area

    127 Total Sales

    Michael Rosa
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3895305

Garden State MLS

APN: 14-04115-0000-00043

New Jersey Essex County Newark 07106 Lower Vailsburg

35 Salem St, Newark, NJ

Not Listed for Sale

MultiFamily

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