NOT LISTED FOR SALE

40 Read St Newark, NJ 07105

North Ironbound Neighborhood

Estimated Value: $901,941 - $976,000

-- Bed
5 Baths
3,570 Sq Ft
$262/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $895,000 $251 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,149/month

73 Days on Market

About This Home

As of May 2024

This home is located at 40 Read St, Newark, NJ 07105 since 20 January 2024 and is currently estimated at $934,647, approximately $261 per square foot. This property was built in 2023. 40 Read St is a home located in Essex County with nearby schools including Hawkins Street Elementary School, Lafayette Street Elementary School, and Oliver Street School.

Last Agent to Sell the Property

GIANCARLO VARGAS

SKY REALTY ASSOCIATES Brokerage Phone: 973-344-8880 Listed on: 01/20/2024

Last Buyer's Agent

Fernanda Silva

NEW AND MODERN GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,323

Year Built

  • Built in 2023

Lot Details

  • 1,742 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,323

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Year Built: 2023
  • County Name: Essex
  • Street Number Display: 40
  • I D: 5265014
  • Modified: 2025-05-11
  • Number Images: 1
  • Attribution Contact: 973-344-8880
  • MLS Status: Sold
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X67.3 AVG.
  • Total Acres: 0.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2024
Closed on
May 2, 2024
Sold by
J F Construction Llc
Bought by
Qiu Junda and Wang Shuang
Seller's Agent
GIANCARLO VARGAS
SKY REALTY ASSOCIATES
Buyer's Agent
Fernanda Silva
NEW AND MODERN GROUP
List Price
$895,000
Sold Price
$895,000
Views
64
Current Estimated Value
$934,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,647
Avg. Annual Appreciation
3.12%
Original Mortgage
$665,250
Outstanding Balance
$655,815
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$278,832

Purchase Details

Listed on
Mar 2, 2023
Closed on
Jan 5, 2024
Sold by
40 Read Street Llc
Bought by
Jf Construction Llc
Seller's Agent
Eduardo Viegas
SKY REALTY ASSOCIATES
Buyer's Agent
GIANCARLO VARGAS
SKY REALTY ASSOCIATES
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.85%

Purchase Details

Closed on
Apr 15, 2022
Sold by
40 Read Street Llc
Bought by
40 Read Street Llc

Purchase Details

Closed on
Sep 21, 2020
Sold by
Costa Alice B and Campos Maria Francisco
Bought by
40 Read Street Llc

Purchase Details

Closed on
Feb 7, 1974
Bought by
Costa David F and Costa Alice B
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Qiu Junda $895,000 Prestige Title
Jf Construction Llc $750,000 Ats Title
40 Read Street Llc -- Simoes Fausto
40 Read Street Llc $10,000 Old Republic National
Costa David F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qiu Junda $665,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $895,000 0.0% $251 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
01/20/2024 01/20/24 For Sale $895,000 +19.3% $251 / Sq Ft
01/12/2024 01/12/24 Sold $750,000 -6.1% $210 / Sq Ft View Prior Sale
04/05/2023 04/05/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $799,000 -- $224 / Sq Ft
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 $2,323 $439,200 $62,300 $376,900
2024 $2,323 $62,300 $62,300 $0
2022 $2,328 $62,300 $62,300 $0
2021 $2,326 $62,300 $62,300 $0
2020 $2,367 $62,300 $62,300 $0
2019 $2,343 $62,300 $62,300 $0
2018 $2,301 $62,300 $62,300 $0
2017 $2,218 $62,300 $62,300 $0
2016 $2,143 $62,300 $62,300 $0
2015 $2,062 $62,300 $62,300 $0
2014 $1,932 $62,300 $62,300 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    GIANCARLO VARGAS

    SKY REALTY ASSOCIATES

  • E

    Seller's Agent in 2024

    Eduardo Viegas

    SKY REALTY ASSOCIATES

    (973) 477-0377

    10 in this area

    46 Total Sales

    Eduardo Viegas
    Section Image
  • Fernanda Silva

    Buyer's Agent in 2024

    Fernanda Silva

    NEW AND MODERN GROUP

    (908) 416-2523

    6 in this area

    105 Total Sales

    Fernanda Silva
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3882392

Garden State MLS

APN: 14-02016-0000-00036

New Jersey Essex County Newark 07105 North Ironbound

40 Read St, Newark, NJ

This home is located at 40 Read St, Newark, NJ 07105 since 20 January 2024 and is currently estimated at $934,647, approximately $261 per square foot. This property was built in 2023. 40 Read St is a home located in Essex County with nearby schools including Hawkins Street Elementary School, Lafayette Street Elementary School, and Oliver Street School.

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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes