NOT LISTED FOR SALE

397 S 8th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $770,346

-- Bed
5 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold November 20, 2023

Last sale price $740,000

Est. 4% increase in value since last sale

Current estimated payment $4,401/month

69 Days on Market

About This Home

As of November 2023

This home is located at 397 S 8th St, Newark, NJ 07103 since 26 July 2023 and is currently estimated at $770,346. This property was built in 2023. 397 S 8th St is a home located in Essex County with nearby schools including Harriet Tubman School, Camden Street Elementary School, and Cleveland Elementary School.

Last Agent to Sell the Property

Victor Ramos Faist

KELLER WILLIAMS PARK VIEWS Brokerage Phone: 201-939-0050 Listed on: 07/26/2023

KELLER WILLIAMS PARK VIEWS

Last Buyer's Agent

DAMAR VANPUTTEN

LUXE LISTINGS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,167

Year Built

  • Built in 2023

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,167

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Year Built: 2023
  • County Name: Essex
  • Street Number Display: 397
  • I D: 5235321
  • Modified: 2024-11-21
  • Number Images: 13
  • Attribution Contact: 201-939-0050
  • MLS Status: Sold
  • Special Features: NewHome
  • 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
Jul 26, 2023
Closed on
Nov 20, 2023
Sold by
Carlos Lopes Investments Limited Liabili
Seller's Agent
Victor Ramos Faist
KELLER WILLIAMS PARK VIEWS
Buyer's Agent
DAMAR VANPUTTEN
LUXE LISTINGS
List Price
$769,000
Sold Price
$740,000
Premium/Discount to List
-$29,000
-3.77%
Views
104
Current Estimated Value
$770,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,346
Avg. Annual Appreciation
2.57%
Original Mortgage
$726,596
Interest Rate
7.57%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 2022
Sold by
City Of Newark
Bought by
Carlos Lopes Investments Llc

Purchase Details

Closed on
May 11, 1978
Bought by
City Of Newark
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
-- $740,000 Fidelity National Title
Carlos Lopes Investments Llc $15,000 --
City Of Newark -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $729,275
Closed -- $726,596
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $740,000 +0.1% --
10/03/2023 10/03/23 Pending -- -- --
09/15/2023 09/15/23 Price Changed $739,000 -1.3% --
09/06/2023 09/06/23 Price Changed $749,000 -1.3% --
08/23/2023 08/23/23 Price Changed $759,000 -0.8% --
08/09/2023 08/09/23 Price Changed $765,000 -0.5% --
07/26/2023 07/26/23 For Sale $769,000 -- --
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 $1,167 $438,000 $31,300 $406,700
2023 $0 $31,300 $31,300 $0
2022 $0 $31,300 $31,300 $0
2021 $0 $31,300 $31,300 $0
2020 $0 $31,300 $31,300 $0
2019 $0 $31,300 $31,300 $0
2018 $0 $31,300 $31,300 $0
2017 $0 $31,300 $31,300 $0
2016 $0 $31,300 $31,300 $0
2015 -- $31,300 $31,300 $0
2014 -- $31,300 $31,300 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2023

    Victor Ramos Faist

    KELLER WILLIAMS PARK VIEWS

    (973) 704-3634

    2 in this area

    46 Total Sales

    Victor Ramos Faist
    Section Image

  • D

    Buyer's Agent in 2023

    DAMAR VANPUTTEN

    LUXE LISTINGS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3856469

Garden State MLS

APN: 14-00290-0000-00017

New Jersey Essex County Newark 07103 West Side

397 S 8th St, Newark, NJ

This home is located at 397 S 8th St, Newark, NJ 07103 since 26 July 2023 and is currently estimated at $770,346. This property was built in 2023. 397 S 8th St is a home located in Essex County with nearby schools including Harriet Tubman School, Camden Street Elementary School, and Cleveland Elementary School.

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