This home is located at 424 S 16th St, Newark, NJ 07103 since 17 October 2023 and is currently estimated at $405,151. 424 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
TAKISHA GRESHAM
REALTY ONE GROUP LEGENDBrokerage Phone: 973-772-0660Listed on: 10/17/2023
Last Buyer's Agent
TAKISHA GRESHAM
REALTY ONE GROUP LEGENDBrokerage Phone: 973-772-0660Listed on: 10/17/2023
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,306
Lot Details
2,178 Sq Ft Lot
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,306
Lot Details
0
Listing Details
County Name: Essex
Street Number Display: 424
I D: 5251179
Modified: 2025-02-27
Number Images: 1
Attribution Contact: 973-772-0660
MLS Status: Sold
Special Features: None
Property Sub Type: MultiFamily
Lot Info
Lot Size: 20X100
Total Acres: 0.05
Ownership History
DateNameOwned ForOwner Type
Feb 2024 - PresentBakhit Mohamed1 Year and 4 Months
Private Individual
Purchase Details
Listed on
Oct 17, 2023
Closed on
Feb 15, 2024
Sold by
424 South 16Th Llc
Bought by
Bakhit Mohamed
Seller's Agent
TAKISHA GRESHAM
REALTY ONE GROUP LEGEND
Buyer's Agent
TAKISHA GRESHAM
REALTY ONE GROUP LEGEND
List Price
$499,500
Sold Price
$440,000
Premium/Discount to List
-$59,500
-11.91%
Total Days on Market
80
Views
129
Current Estimated Value
$405,151
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,849
Avg. Annual Appreciation
-6.46%
Original Mortgage
$330,000
Outstanding Balance
$325,754
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$77,405
Jan 2023 - Feb 2024424 South 16Th Llc1 Year and 1 Month
Company
Purchase Details
Listed on
Oct 21, 2022
Closed on
Jan 20, 2023
Sold by
Investher Llc
Bought by
424 South 16Th Llc
Seller's Agent
Crystal Pomales
Keller Williams Team Realty
Buyer's Agent
Crystal Pomales
Keller Williams Team Realty
List Price
$229,000
Sold Price
$205,000
Premium/Discount to List
-$24,000
-10.48%
Views
54
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
101.52%
Original Mortgage
$281,250
Interest Rate
6.27%
Mortgage Type
New Conventional
Mar 2021 - Jan 2023Investher Llc1 Year and 10 Months
Company
Purchase Details
Closed on
Mar 31, 2021
Sold by
Sukhavasi Venkata
Bought by
Investher Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,250
Interest Rate
3.1%
Mortgage Type
Construction
Nov 2018 - Mar 2021Hall Edwina and Hall Phyllis2 Years and 4 Months
Private Individual
Purchase Details
Closed on
Nov 7, 2018
Sold by
Hall Ethel Mae Est
Bought by
Hall Edwina and Hall Phyllis
Jan 2015 - Nov 2018City Of Newark3 Years and 10 Months
Private Individual
Purchase Details
Closed on
Jan 29, 2015
Bought by
City Of Newark
Oct 1997 - Jan 2015Sukhavasi Veukata17 Years and 3 Months
This four-family property located in the bustling heart of Newark, New Jersey, offers a unique investment opportunity with substantial income potential. Each unit features two bedrooms and one bathroom, boasting spacious layouts and modern amenities. l. Conveniently situated near public transportation, local shops, and essential services, this property promises a steady rental market. The
CHRISTOPHER VELASTEGUIKeller Williams City Views Realty
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Average Value
Not Available
List Price
Sold Price
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Tax AssessmentTax 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.
This home is located at 424 S 16th St, Newark, NJ 07103 since 17 October 2023 and is currently estimated at $405,151. 424 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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