NOT LISTED FOR SALE

48-50 Cypress St Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $721,268 - $920,000

8 Beds
5 Baths
3,104 Sq Ft
$255/Sq Ft Est. Value

About This Home

This home is located at 48-50 Cypress St, Newark, NJ 07108 and is currently estimated at $792,817, approximately $255 per square foot. 48-50 Cypress St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Chancellor Avenue School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2025
Sold by
Okusanya Kate
Bought by
Adelegan Ibikunle O
Current Estimated Value
$792,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Outstanding Balance
$688,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$104,817

Purchase Details

Closed on
Nov 23, 2022
Sold by
Ogunruku Ademola A and Ogunruku Funmilayo
Bought by
Okusanya Kate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2004
Sold by
A & A Construction Inc
Bought by
Ogunruku Ademola and Ogunruku Funmilayo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,180
Interest Rate
5.75%
Mortgage Type
FHA
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
Adelegan Ibikunle O $860,000 Old Republic National Title
Okusanya Kate $600,000 --
Ogunruku Ademola $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adelegan Ibikunle O $688,000
Previous Owner Okusanya Kate $450,000
Previous Owner Ogunruku Ademola $418,180
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
2025 $10,636 $403,300 $20,200 $383,100
2024 $10,636 $403,300 $20,200 $383,100
2022 $10,659 $285,300 $21,800 $263,500
2021 $10,653 $285,300 $21,800 $263,500
2020 $10,841 $285,300 $21,800 $263,500
2019 $10,730 $285,300 $21,800 $263,500
2018 $10,536 $285,300 $21,800 $263,500
2017 $10,157 $285,300 $21,800 $263,500
2016 $9,814 $285,300 $21,800 $263,500
2015 $9,441 $285,300 $21,800 $263,500
2014 $8,847 $285,300 $21,800 $263,500
Source: Public Records

Map

New Jersey Essex County Newark 07108 Clinton Hill

48-50 Cypress St, Newark, NJ

Not Listed for Sale

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