NOT LISTED FOR SALE

470 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $775,941

-- Bed
5 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold January 20, 2022

Last sale price $500,000

Est. 55% increase in value since last sale

Current estimated payment $4,894/month

83 Days on Market

About This Home

As of January 2022

This home is located at 470 S 16th St, Newark, NJ 07103 since 25 November 2020 and is currently estimated at $775,941. This property was built in 2021. 470 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

Last Agent to Sell the Property

Jorge Velasquez

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 11/25/2020

Last Buyer's Agent

Peter Boutros

EXP REALTY, LLC

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 2021

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

2021

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 470
  • I D: 5034349
  • Modified: 2023-01-21
  • Number Images: 1
  • Attribution Contact: 973-450-4000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 2021

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
Jan 11, 2022
Sold by
Rising Plains Llc
Bought by
Albert Jenerra
Seller's Agent
Jorge Velasquez
RE/MAX PROFESSIONALS I
Buyer's Agent
Peter Boutros
EXP REALTY, LLC
List Price
$474,000
Sold Price
$500,000
Premium/Discount to List
$26,000
5.49%
Total Days on Market
83
Current Estimated Value
$775,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,941
Avg. Annual Appreciation
13.97%
Original Mortgage
$490,943
Outstanding Balance
$457,062
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$318,879

Purchase Details

Closed on
Apr 2, 2019
Sold by
Newark City Of
Bought by
Rising Plains Llc

Purchase Details

Closed on
Oct 1, 2001
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
Albert Jenerra $500,000 Ridge Title
Rising Plains Llc $10,000 --
-- $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albert Jenerra $490,943
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $500,000 +5.5% --
02/16/2021 02/16/21 Pending -- -- --
11/25/2020 11/25/20 For Sale $474,000 -- --
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
2024 -- $344,300 $31,300 $313,000
2022 $12,863 $344,300 $31,300 $313,000
2021 $1,169 $31,300 $31,300 $0
2020 $1,189 $31,300 $31,300 $0
2019 $1,177 $31,300 $31,300 $0
2018 $0 $31,300 $31,300 $0
2017 $0 $31,300 $31,300 $0
2016 $0 $31,300 $31,300 $0
2015 -- $31,300 $31,300 $0
2014 -- $31,300 $31,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Jorge Velasquez

    Seller's Agent in 2022

    Jorge Velasquez

    RE/MAX

    (973) 418-0425

    12 in this area

    258 Total Sales

    Jorge Velasquez
    Section Image
  • Peter Boutros

    Buyer's Agent in 2022

    Peter Boutros

    EXP REALTY, LLC

    (201) 831-7697

    1 in this area

    193 Total Sales

    Peter Boutros
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3680366

Garden State MLS

APN: 14-00328-0000-00040

New Jersey Essex County Newark 07103 West Side

470 S 16th St, Newark, NJ

This home is located at 470 S 16th St, Newark, NJ 07103 since 25 November 2020 and is currently estimated at $775,941. This property was built in 2021. 470 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

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