NOT LISTED FOR SALE

46-48 Scheerer Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $401,000 - $526,148

6 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold October 15, 2024

Last sale price $530,000

Est. 10% decrease in value since last sale

Current estimated payment $2,988/month

15 Days on Market

About This Home

As of October 2024

This home is located at 46-48 Scheerer Ave, Newark, NJ 07112 since 16 July 2024 and is currently estimated at $474,787. This property was built in 1906. 46-48 Scheerer Ave is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Last Agent to Sell the Property

BRENDAN DASILVA

KELLER WILLIAMS - NJ METRO GROUP Brokerage Phone: 973-783-7400 Listed on: 07/16/2024

Co-Listed By

SCOTT OSINOFF

KELLER WILLIAMS - NJ METRO GROUP Brokerage Phone: 973-783-7400

Last Buyer's Agent

DEBA AIFUWA

SALAZAR REALTY GROUP, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,032

Year Built

  • Built in 1906

Lot Details

  • 4,792 Sq Ft Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,032

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Year Built: 1906
  • County Name: Essex
  • I D: 5300956
  • Attribution Contact: 973-783-7400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 3.00

Lot Info

  • Lot Size: 50X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Oct 11, 2024
Sold by
Cortes Hector and Cortes Migdalia
Bought by
Asemota Imare
Seller's Agent
BRENDAN DASILVA
KELLER WILLIAMS - NJ METRO GROUP
Buyer's Agent
DEBA AIFUWA
SALAZAR REALTY GROUP, INC
List Price
$500,000
Sold Price
$530,000
Premium/Discount to List
$30,000
6%
Views
62
Current Estimated Value
$474,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,213
Avg. Annual Appreciation
-10.04%
Original Mortgage
$325,000
Outstanding Balance
$321,583
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$153,204

Purchase Details

Closed on
Feb 25, 2002
Sold by
Nj 1001 Trust
Bought by
Cortes Hector and Cortes Migdalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,825
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 2000
Sold by
Coates Louisa
Bought by
Nj1001 Trust
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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

Date Buyer Sale Price Title Company
Asemota Imare $530,000 First American Title
Cortes Hector $145,000 --
Nj1001 Trust $27,184 --
Nj1001 Trust $27,184 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asemota Imare $325,000
Previous Owner Cortes Hector $143,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $530,000 +6.0% --
07/31/2024 07/31/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $500,000 -- --
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 $6,032 $161,800 $22,500 $139,300
2024 $6,032 $161,800 $22,500 $139,300
2022 $6,045 $161,800 $22,500 $139,300
2021 $6,042 $161,800 $22,500 $139,300
2020 $6,148 $161,800 $22,500 $139,300
2019 $6,085 $161,800 $22,500 $139,300
2018 $5,975 $161,800 $22,500 $139,300
2017 $5,760 $161,800 $22,500 $139,300
2016 $5,566 $161,800 $22,500 $139,300
2015 $5,354 $161,800 $22,500 $139,300
2014 $5,017 $161,800 $22,500 $139,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    BRENDAN DASILVA

    KELLER WILLIAMS - NJ METRO GROUP

  • S

    Seller Co-Listing Agent in 2024

    SCOTT OSINOFF

    KELLER WILLIAMS - NJ METRO GROUP

  • D

    Buyer's Agent in 2024

    DEBA AIFUWA

    SALAZAR REALTY GROUP, INC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3913512

Garden State MLS

APN: 14-03640-0000-00036

New Jersey Essex County Newark 07112 Weequahic

46-48 Scheerer Ave, Newark, NJ

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