Seller's Agent in 2023
Carlos Turner
RE/MAX
(908) 230-5547
2 in this area
175 Total Sales
359 S 8th St Newark, NJ 07103
West Side NeighborhoodEstimated Value: $426,000 - $707,000
8
Beds
4
Baths
--
Sq Ft
2,500
Sq Ft Lot
About This Home
As of July 2023Looking for a fantastic investment property in Newark, NJ? Look no further than this stunning 2-family house! With its prime location and exceptional features, this property is the perfect opportunity for investors or anyone looking for a spacious and luxurious home. As you enter the property, you'll be greeted by an inviting foyer that leads to a spacious living area, perfect for relaxing or entertaining guests. The first floor of the house features an open floor plan, with large windows that provide ample natural light and showcase the stunning hardwood floors. The kitchen is a true highlight of the property, with modern appliances, granite countertops, and plenty of space for cooking and storage. The dining area is adjacent to the kitchen, making it the perfect spot for hosting dinner parties or casual meals with family and friends. The second floor of the house features 3 bedrooms and a 2 full bathrooms, all beautifully appointed with plenty of space & natural light.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,711
Lot Details
- 2,500 Sq Ft Lot
Parking
- 1 Car Garage
Home Design
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00033 / 00281
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2023
Closed on
Jul 20, 2023
Sold by
Cervini John
Bought by
Desarmes Luders
Seller's Agent
Carlos Turner
RE/MAX SELECT - Westfield
Buyer's Agent
David Bistany
Keller Williams City Life Realty
List Price
$495,000
Sold Price
$600,000
Premium/Discount to List
$105,000
21.21%
Views
142
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,413
Avg. Annual Appreciation
0.85%
Original Mortgage
$589,132
Outstanding Balance
$573,919
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$37,494
Purchase Details
Closed on
Jan 2, 2013
Sold by
Gomes Pedro
Bought by
Cervini John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,721
Interest Rate
3.62%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 28, 2011
Sold by
Wells Fargo Bank Na
Bought by
Gomes Pedro
Purchase Details
Closed on
Jan 25, 2011
Sold by
Rodriguez Ramon E and Rodriguez Sambria V
Bought by
Wells Fargo Bank N A
Purchase Details
Closed on
Mar 6, 2007
Sold by
Adames Miguel
Bought by
Rodriguez Ramon and Rodriguez Sambria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
8.05%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 31, 2005
Sold by
Armindo Gomes Builders Corp
Bought by
Rodriguez Ramon and Adams Miguel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.85%
Purchase Details
Closed on
Jun 2, 2004
Sold by
Village Builders
Bought by
Armindo Gomes Builders Corp
Purchase Details
Closed on
Nov 3, 2003
Sold by
Q&F Investments
Bought by
Village Builders
Purchase Details
Closed on
Aug 13, 2002
Sold by
Chase Manhattan Bank
Bought by
Q & F Investments Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Desarmes Luders | $600,000 | Realsafe Title | |
| Cervini John | $85,000 | Main Street Title Agcy Hack | |
| Gomes Pedro | $27,199 | First American Title Ins Co | |
| Wells Fargo Bank N A | -- | None Available | |
| Rodriguez Ramon | $200,000 | -- | |
| Rodriguez Ramon | $385,000 | -- | |
| Armindo Gomes Builders Corp | $65,000 | -- | |
| Village Builders | $35,000 | -- | |
| Q & F Investments Llc | $22,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Desarmes Luders | $589,132 | |
| Previous Owner | Cervini John | $275,721 | |
| Previous Owner | Rodriguez Ramon | $411,000 | |
| Previous Owner | Rodriguez Ramon | $308,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/13/2023 07/13/23 | Sold | $600,000 | +21.2% | -- |
| 05/16/2023 05/16/23 | Pending | -- | -- | -- |
| 05/09/2023 05/09/23 | For Sale | $495,000 | 0.0% | -- |
| 04/04/2023 04/04/23 | Pending | -- | -- | -- |
| 03/21/2023 03/21/23 | For Sale | $495,000 | +1733.3% | -- |
| 03/30/2012 03/30/12 | Sold | $27,000 | -- | -- |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $7,695 | $206,400 | $31,300 | $175,100 |
| 2024 | $7,695 | $206,400 | $31,300 | $175,100 |
| 2022 | $7,711 | $206,400 | $31,300 | $175,100 |
| 2021 | $7,707 | $206,400 | $31,300 | $175,100 |
| 2020 | $7,843 | $206,400 | $31,300 | $175,100 |
| 2019 | $7,763 | $206,400 | $31,300 | $175,100 |
| 2018 | $7,622 | $206,400 | $31,300 | $175,100 |
| 2017 | $7,348 | $206,400 | $31,300 | $175,100 |
| 2016 | $7,100 | $206,400 | $31,300 | $175,100 |
| 2015 | $6,830 | $206,400 | $31,300 | $175,100 |
| 2014 | $6,400 | $151,400 | $31,300 | $120,100 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Turner
-
David Bistany
Buyer's Agent in 2023
David Bistany
Keller Williams City Life Realty
(201) 852-3291
1 in this area
78 Total Sales
-
Maria Schmidt
Seller's Agent in 2012
Maria Schmidt
NEXTHOME CHOICE GROUP
(908) 662-5050
1 in this area
35 Total Sales
Map
Source: New Jersey MLS
MLS Number: 23008009
APN: 14-00281-0000-00033
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.
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.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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