NOT LISTED FOR SALE

478 S 16th St Unit 2 Newark, NJ 07103

West Side Neighborhood

Estimated Value: $862,280

-- Bed
5 Baths
3,486 Sq Ft
$247/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $617,000 $177 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,803/month

4 Days on Market

About This Home

As of March 2023

This home is located at 478 S 16th St Unit 2, Newark, NJ 07103 since 27 February 2023 and is currently estimated at $862,280, approximately $247 per square foot. 478 S 16th St Unit 2 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

JAMILAH MUHAMMAD

DAUNNO REALTY SERVICES LLC Brokerage Phone: 732-396-3995 Listed on: 02/27/2023

Last Buyer's Agent

Julian Velasquez

RE/MAX PROFESSIONALS I

RE/MAX PROFESSIONALS I

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,374

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5205742
  • Attribution Contact: 732-396-3995
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Shaikh Diaa
Bought by
Shaikh Diaa and Atiyeh Mays
Current Estimated Value
$862,280

Purchase Details

Listed on
Feb 27, 2023
Closed on
Mar 24, 2023
Sold by
Rising Plains Llc
Bought by
Shaikh Diaa
Seller's Agent
JAMILAH MUHAMMAD
DAUNNO REALTY SERVICES LLC
Buyer's Agent
Julian Velasquez
RE/MAX PROFESSIONALS I
List Price
$650,000
Sold Price
$617,000
Premium/Discount to List
-$33,000
-5.08%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%
Original Mortgage
$605,824
Interest Rate
6.65%
Mortgage Type
FHA

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2016
Sold by
Bank Of America Na
Bought by
Gateway Property Development Llc

Purchase Details

Closed on
Jan 29, 2015
Bought by
City Of Newark

Purchase Details

Closed on
Jul 23, 2002
Sold by
Crooks Mario
Bought by
Clement Ronaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.58%
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
Shaikh Diaa -- None Listed On Document
Shaikh Diaa $617,000 Imperium Title
Rising Plains Llc $10,000 --
Gateway Property Development Llc -- None Available
City Of Newark -- --
Clement Ronaldo $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaikh Diaa $605,824
Previous Owner Rising Plains Llc $1,000,000
Previous Owner Clement Ronaldo $71,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $617,000 -5.1% $177 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $650,000 -- $186 / Sq Ft
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 $15,374 $412,400 $31,300 $381,100
2024 $15,374 $412,400 $31,300 $381,100
2022 $1,169 $31,300 $31,300 $0
2021 $4,832 $129,400 $31,300 $98,100
2020 $4,917 $129,400 $31,300 $98,100
2019 $4,867 $129,400 $31,300 $98,100
2018 $0 $129,400 $31,300 $98,100
2017 $0 $129,400 $31,300 $98,100
2016 $0 $129,400 $31,300 $98,100
2015 $4,282 $129,400 $31,300 $98,100
2014 $4,013 $129,400 $31,300 $98,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JAMILAH MUHAMMAD

    DAUNNO REALTY SERVICES LLC

  • Julian Velasquez

    Buyer's Agent in 2023

    Julian Velasquez

    RE/MAX

    (973) 991-5872

    1 in this area

    72 Total Sales

    Julian Velasquez
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Map

Source: Garden State MLS

MLS Number: 3830475

Garden State MLS

APN: 14-00328-0000-00036

New Jersey Essex County Newark 07103 West Side

478 S 16th St Unit 2, Newark, NJ

Not Listed for Sale

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