NOT LISTED FOR SALE

40 Wakeman Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $611,000 - $778,000

Studio
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: January 29, 2024

Last sale price $545,000

Est. 28% increase in value since last sale

Current estimated payment $4,600 / mo

56 Days on Market

About This Home

As of January 2024

This home is located at 40 Wakeman Ave, Newark, NJ 07104 since 12 September 2023 and is currently estimated at $698,298. This property was built in 1897. 40 Wakeman Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Franklin School, and First Avenue Elementary School.

Last Agent to Sell the Property

Michael Farrell

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 09/12/2023

EXP REALTY, LLC

Last Buyer's Agent

TAJ HAIRSTON

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1897

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1897

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Year Built: 1897
  • County Name: Essex
  • I D: 5244446
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X105
  • Total Acres: 0.06

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Jan 4, 2024
Sold by
Bought by
Seller's Agent
Michael Farrell
EXP REALTY, LLC
Buyer's Agent
TAJ HAIRSTON
WEICHERT REALTORS
List Price
$549,900
Sold Price
$545,000
Premium/Discount to List
-$4,900
-0.89%
Views
90
Current Estimated Value
$698,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,298
Avg. Annual Appreciation
10.47%
Original Mortgage
$517,750
Interest Rate
0.0661%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2020
Closed on
Dec 9, 2020
Sold by
Bought by
Seller's Agent
Maureen Leong
KELLER WILLIAMS TEAM REALTY
Buyer's Agent
MICHELINA PIROINO
KELLER WILLIAMS TEAM REALTY
List Price
$389,000
Sold Price
$385,000
Premium/Discount to List
-$4,000
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$378,026
Interest Rate
0.0271%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,113
Interest Rate
0.0399%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
0.0445%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
0.0616%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2001
Sold by
Bought by

Purchase Details

Closed on
May 23, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 1990
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$545,000 None Listed On Document
$385,000 Title Guarantee Inc
$325,000 Foundation Title
-- None Available
$70,000 Renaissance Title Agency
$330,000 --
$140,000 --
$61,500 --
$154,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $517,750
Previous Owner $378,026
Previous Owner $319,113
Previous Owner $140,000
Previous Owner $264,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2024 01/29/24 Sold $545,000 -0.9% --
11/14/2023 11/14/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $549,900 +42.8% --
12/09/2020 12/09/20 Sold $385,000 -1.0% -- View Prior Sale
09/18/2020 09/18/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $389,000 0.0% --
08/25/2020 08/25/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $389,000 -- --
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,550 $238,800 $28,100 $210,700
2025 $9,550 $238,800 $28,100 $210,700
2024 $8,902 $238,800 $28,100 $210,700
2022 $8,922 $238,800 $28,100 $210,700
2021 $8,917 $238,800 $28,100 $210,700
2020 $9,074 $238,800 $28,100 $210,700
2019 $8,981 $238,800 $28,100 $210,700
2018 $7,272 $196,900 $28,100 $168,800
2017 $7,010 $196,900 $28,100 $168,800
2016 $6,773 $196,900 $28,100 $168,800
2015 $6,515 $196,900 $28,100 $168,800
2014 $6,106 $196,900 $28,100 $168,800
Source: Public Records

Agents Affiliated with this Home

  • Michael Farrell

    Seller's Agent in 2024

    Michael Farrell

    EXP REALTY, LLC

    (973) 361-7700

    1 in this area

    79 Total Sales

    Michael Farrell
    Section Image

  • T

    Buyer's Agent in 2024

    TAJ HAIRSTON

    WEICHERT REALTORS

  • M

    Seller's Agent in 2020

    Maureen Leong

    KELLER WILLIAMS TEAM REALTY

    (973) 842-8326

    32 Total Sales

    Maureen Leong
    Section Image

  • M

    Buyer's Agent in 2020

    MICHELINA PIROINO

    KELLER WILLIAMS TEAM REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3864320

Garden State MLS

APN: 14-00576-0000-00014

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

40 Wakeman Ave, Newark, NJ

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Information deemed reliable but not guaranteed.
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