NOT LISTED FOR SALE

478 S 16th St Unit 2 Newark, NJ 07103

West Side Neighborhood

Estimated Value: $875,410

Studio
5 Baths
3,486 Sq Ft
$251/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2023

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

Est. 42% increase in value since last sale

Current estimated payment $6,087 / mo

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 $875,410, approximately $251 per square foot. 478 S 16th St Unit 2 is a home located in Essex County.

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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Property Details

Home Type

Multi-Family

Lot Details

2,483 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Bought by
Current Estimated Value
$875,410

Purchase Details

Listed on
Feb 27, 2023
Closed on
Mar 24, 2023
Sold by
Bought by
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
11.04%
Original Mortgage
$605,824
Interest Rate
5.99%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2019
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jan 29, 2015
Bought by

Purchase Details

Closed on
Jul 23, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in West Side, NJ

  • Christine Austin Real Estate Agent - RE/MAX First Realty II

    Christine Austin

    RE/MAX First Realty II

    (973) 798-9342

    58 Total Sales

    1 in West Side

    $235,000 Price

    Christine Austin
     Section Image
  • Chopper Russo Real Estate Agent - RE/MAX SELECT - Oakland

    Chopper Russo

    RE/MAX SELECT - Oakland

    (973) 833-5183

    374 Total Sales

    1 in West Side

    $700,000 Price

    Chopper Russo
     Section Image
  • David Vanegas Real Estate Agent - EXP Realty, LLC

    David Vanegas

    EXP Realty, LLC

    (862) 829-3004

    95 Total Sales

    9 in West Side

    $518K - $632K Price Range

    David Vanegas
     Section Image
  • David Borrero Real Estate Agent - RE/MAX HOMELAND REALTORS

    David Borrero

    RE/MAX HOMELAND REALTORS

    (877) 847-1337

    222 Total Sales

    2 in West Side

    $500,000 Price Range

    David Borrero
     Section Image
  • Jamel Driver Real Estate Agent - EXP Realty, LLC

    Jamel Driver

    EXP Realty, LLC

    (866) 792-3606

    23 Total Sales

    4 in West Side

    $280K - $420K Price Range

    Jamel Driver
     Section Image
  • Mitchel Lafortune Real Estate Agent - Essential Real Estate

    Mitchel Lafortune

    Responds Quickly

    Essential Real Estate

    (908) 676-6244

    16 Total Sales

    1 in West Side

    $307,000 Price

    Mitchel Lafortune
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$617,000 Imperium Title
$10,000 --
-- None Available
-- --
$75,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $605,824
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 -- $412,400 $31,300 $381,100
2025 -- $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 Real Estate Agent - RE/MAX

    Buyer's Agent in 2023

    Julian Velasquez

    RE/MAX

    (973) 991-5872

    1 in this area

    66 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

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