NOT LISTED FOR SALE

46 Scheerer Ave Unit 48 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $519,016 - $545,000

-- Bed
-- Bath
2,359 Sq Ft
$225/Sq Ft Est. Value

About This Home

This home is located at 46 Scheerer Ave Unit 48, Newark, NJ 07112 and is currently estimated at $529,754, approximately $224 per square foot. 46 Scheerer Ave Unit 48 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2024
Sold by
Cortes Hector and Cortes Migdalia
Bought by
Asemota Imare
Current Estimated Value
$529,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$324,393
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$132,225

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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 $236,000
Previous Owner Cortes Hector $29,500
Previous Owner Cortes Hector $225,000
Previous Owner Cortes Hector $143,825
Source: Public Records

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
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

Map

New Jersey Essex County Newark 07112 Weequahic

46 Scheerer Ave Unit 48, Newark, NJ

This home is located at 46 Scheerer Ave Unit 48, Newark, NJ 07112 and is currently estimated at $529,754, approximately $224 per square foot. 46 Scheerer Ave Unit 48 is a home located in Essex County with nearby schools including Peshine Avenue Elementary School, Belmont Runyon School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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