NOT LISTED FOR SALE

417 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $419,000 - $492,000

-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Last Sold September 30, 2019

Last sale price $125,000

Est. 276% increase in value since last sale

Current estimated payment $2,900/month

218 Days on Market

About This Home

As of September 2019

This home is located at 417 S 16th St, Newark, NJ 07103 since 21 February 2019 and is currently estimated at $470,594. This property was built in 1900. 417 S 16th St is a home located in Essex County with nearby schools including Lincoln Elementary School, Hawthorne Avenue Elementary School, and Louise A. Spencer School.

Last Agent to Sell the Property

Jerry Sahlman

VILLAGE SQUARE REALTORS Brokerage Phone: 973-509-2222 Listed on: 02/21/2019

Last Buyer's Agent

EYAL LEVY

KELLER WILLIAMS PARK VIEWS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,037

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,037

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Essex
  • Street Number Display: 417
  • I D: 4870568
  • Modified: 2020-10-01
  • Number Images: 1
  • Attribution Contact: 973-509-2222
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 20X100
  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Sep 26, 2019
Sold by
Allmerica Holdings & Mgmt
Bought by
Lfc Properties Llc
Seller's Agent
Jerry Sahlman
VILLAGE SQUARE REALTORS
Buyer's Agent
EYAL LEVY
KELLER WILLIAMS PARK VIEWS
List Price
$139,000
Sold Price
$125,000
Premium/Discount to List
-$14,000
-10.07%
Current Estimated Value
$470,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,594
Avg. Annual Appreciation
23.18%
Original Mortgage
$132,000
Interest Rate
3.5%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 9, 2013
Sold by
Trucap Reo Corp
Bought by
Allmerica Holdings &

Purchase Details

Closed on
Apr 20, 2012
Sold by
Maina Margaret
Bought by
Trucap Reo Corp

Purchase Details

Closed on
May 2, 2008
Sold by
Sukhavasi Venkata R
Bought by
Maina Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 1997
Sold by
Hud
Bought by
Sukhavasi Venkata

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.81%

Purchase Details

Closed on
Nov 30, 1989
Sold by
City Of Newark Plaintiff
Bought by
Price Charles Defendant
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
Lfc Properties Llc $125,000 Fidelity National Title (Aka
Allmerica Holdings & $37,500 --
Trucap Reo Corp -- None Available
Maina Margaret $340,000 Ideal Title Agency Llc
Sukhavasi Venkata $8,507 --
Price Charles Defendant -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lfc Properties Llc $2,831,250
Closed Lfc Properties Llc $1,381,500
Closed Lfc Properties Llc $1,381,500
Closed Lfc Properties Llc $132,000
Previous Owner Allmerica Holdings And Management Corp $45,000
Previous Owner Maina Margaret $306,000
Previous Owner Sukhavasi Venkata $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $125,000 -10.1% --
09/27/2019 09/27/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $139,000 +270.7% --
10/18/2013 10/18/13 Sold $37,500 -- --
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 $4,037 $108,300 $30,000 $78,300
2024 $4,037 $108,300 $30,000 $78,300
2022 $4,046 $108,300 $30,000 $78,300
2021 $4,044 $108,300 $30,000 $78,300
2020 $4,115 $108,300 $30,000 $78,300
2019 $4,073 $108,300 $30,000 $78,300
2018 $4,000 $108,300 $30,000 $78,300
2017 $3,855 $108,300 $30,000 $78,300
2016 $3,726 $108,300 $30,000 $78,300
2015 $3,584 $108,300 $30,000 $78,300
2014 $3,358 $108,300 $30,000 $78,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jerry Sahlman

    VILLAGE SQUARE REALTORS

    (973) 509-2222

    19 Total Sales

    Jerry Sahlman
    Section Image

  • E

    Buyer's Agent in 2019

    EYAL LEVY

    KELLER WILLIAMS PARK VIEWS

  • J

    Seller's Agent in 2013

    Justin Kiliszek

    EXP REALTY, LLC

    (973) 298-4247

    2 in this area

    229 Total Sales

    Justin Kiliszek
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3533636

Garden State MLS

APN: 14-00320-0000-00013

New Jersey Essex County Newark 07103 West Side

417 S 16th St, Newark, NJ

This home is located at 417 S 16th St, Newark, NJ 07103 since 21 February 2019 and is currently estimated at $470,594. This property was built in 1900. 417 S 16th St is a home located in Essex County with nearby schools including Lincoln Elementary School, Hawthorne Avenue Elementary School, and Louise A. Spencer School.

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