NOT LISTED FOR SALE

424 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $340,000 - $520,000

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

Last Sold February 26, 2024

Last sale price $440,000

Est. 5% increase in value since last sale

Current estimated payment $2,777/month

80 Days on Market

About This Home

As of February 2024

This home is located at 424 S 16th St, Newark, NJ 07103 since 17 October 2023 and is currently estimated at $460,221. 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 LEGEND Brokerage Phone: 973-772-0660 Listed on: 10/17/2023

Last Buyer's Agent

TAKISHA GRESHAM

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 10/17/2023

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,178 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5251179
  • 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

Date Name Owned For Owner Type

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%
Views
129
Current Estimated Value
$460,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,221
Avg. Annual Appreciation
2.56%
Original Mortgage
$330,000
Outstanding Balance
$324,157
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$136,064

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

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

Purchase Details

Closed on
Nov 7, 2018
Sold by
Hall Ethel Mae Est
Bought by
Hall Edwina and Hall Phyllis

Purchase Details

Closed on
Jan 29, 2015
Bought by
City Of Newark

Purchase Details

Closed on
Oct 17, 1997
Sold by
Newark
Bought by
Sukhavasi Veukata
Source: Public Records

Range of Values:

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

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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
Bakhit Mohamed $440,000 Acres Land Title
424 South 16Th Llc $205,000 Nexus Title
Investher Llc $165,000 All Ahead Title
Hall Edwina -- --
City Of Newark -- --
Sukhavasi Veukata $6,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakhit Mohamed $330,000
Previous Owner 424 South 16Th Llc $281,250
Previous Owner Investher Llc $172,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2024 02/26/24 Sold $440,000 -1.1% --
01/05/2024 01/05/24 Pending -- -- --
12/11/2023 12/11/23 Price Changed $444,999 -6.3% --
11/14/2023 11/14/23 Price Changed $475,000 -4.9% --
10/17/2023 10/17/23 For Sale $499,500 +143.7% --
01/23/2023 01/23/23 Sold $205,000 -10.5% -- View Prior Sale
12/02/2022 12/02/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $229,000 -- --
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 $4,306 $214,100 $30,000 $184,100
2024 $4,306 $115,500 $30,000 $85,500
2022 $4,315 $115,500 $30,000 $85,500
2021 $4,313 $115,500 $30,000 $85,500
2020 $4,389 $115,500 $30,000 $85,500
2019 $4,344 $115,500 $30,000 $85,500
2018 $4,265 $115,500 $30,000 $85,500
2017 $4,058 $114,000 $30,000 $84,000
2016 $3,922 $114,000 $30,000 $84,000
2015 $3,772 $114,000 $30,000 $84,000
2014 $3,535 $114,000 $30,000 $84,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    TAKISHA GRESHAM

    REALTY ONE GROUP LEGEND

  • C

    Seller's Agent in 2023

    Crystal Pomales

    Keller Williams Team Realty

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Map

Source: Garden State MLS

MLS Number: 3870227

Garden State MLS

APN: 14-00319-0000-00013

New Jersey Essex County Newark 07103 West Side

424 S 16th St, Newark, NJ

Not Listed for Sale

MultiFamily

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