$370,000
SOLD AUG 1, 2024
-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Recently Sold

48% Above List Price

4 Days on Market

About This Home

As of January 2025

This home is located at 40 Pierce St, Newark, NJ 07103 and is currently priced at $370,000. This property was built in 2004. 40 Pierce St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Louise A. Spencer School.

Last Agent to Sell the Property

Sandy Cuevas

WEICHERT REALTORS Brokerage Phone: 201-860-4009 Listed on: 07/05/2024

WEICHERT REALTORS

Last Buyer's Agent

JOEL QUINTANA

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,338

Year Built

  • Built in 2004

Lot Details

  • 2,178 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,338

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Year Built: 2004
  • County Name: Essex
  • Street Number Display: 40
  • I D: 5298681
  • Modified: 2024-08-02
  • Number Images: 1
  • Attribution Contact: 201-860-4009
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X90
  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Jan 15, 2025
Sold by
Pro Prop Holdings Llc
Bought by
Francis Silver
Seller's Agent
TOVIA LICHTMAN
KELLER WILLIAMS MID-TOWN DIRECT
Buyer's Agent
Yaryna Bogutskiy
KELLER WILLIAMS REALTY
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%
Views
33
Current Estimated Value
$618,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,870
Avg. Annual Appreciation
0.93%
Original Mortgage
$643,136
Outstanding Balance
$639,870
Interest Rate
6.91%
Mortgage Type
FHA
Estimated Equity
$13,200

Purchase Details

Listed on
Jul 5, 2024
Closed on
Jul 31, 2024
Sold by
Anibaba Sikiru
Bought by
Pro Prop Holdings Llc
Seller's Agent
Sandy Cuevas
WEICHERT REALTORS
Buyer's Agent
JOEL QUINTANA
WEICHERT REALTORS
List Price
$249,999
Sold Price
$370,000
Premium/Discount to List
$120,001
48%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
215.80%
Original Mortgage
$446,000
Interest Rate
6.86%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 6, 2004
Sold by
Anibaba Sikiru
Bought by
Community Affairs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,636
Interest Rate
5.82%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 1988
Sold by
Pierce Emmet J
Bought by
Renewal Development Corp Inc
Source: Public Records

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Range of Values:

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Average Value
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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
Deed $655,000 American Land Title
Bargain Sale Deed $370,000 None Listed On Document
Deed $153,000 --
Deed $153,000 --
Deed $5,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $643,136 FHA
Previous Owner $446,000 Construction
Previous Owner $65,000 Credit Line Revolving
Previous Owner $150,636 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2025 01/26/25 Sold $650,000 +8.5% --
12/10/2024 12/10/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $599,000 +61.9% --
08/01/2024 08/01/24 Sold $370,000 -17.8% --
07/18/2024 07/18/24 Price Changed $449,999 +80.0% --
07/09/2024 07/09/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $249,999 -- --
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 $6,338 $170,000 $30,000 $140,000
2024 $6,338 $170,000 $30,000 $140,000
2022 $6,351 $170,000 $30,000 $140,000
2021 $6,348 $170,000 $30,000 $140,000
2020 $6,460 $170,000 $30,000 $140,000
2019 $6,394 $170,000 $30,000 $140,000
2018 $6,278 $170,000 $30,000 $140,000
2017 $6,052 $170,000 $30,000 $140,000
2016 $5,848 $170,000 $30,000 $140,000
2015 $5,625 $170,000 $30,000 $140,000
2014 $5,272 $170,000 $30,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3911540

Garden State MLS

APN: 14-02620-0000-00034