NOT LISTED FOR SALE

48-50 Richards St Newark, NJ 07105

North Ironbound Neighborhood

Estimated Value: $713,068 - $770,000

6 Beds
3 Baths
-- Sq Ft
3,080 Sq Ft Lot

Last Sold July 28, 2022

Last sale price $555,000

Est. 41% increase in value since last sale

Current estimated payment $5,176/month

125 Days on Market

About This Home

As of July 2022

three family , driveway with lots of parking spaces ,house needs some tlc

Last Agent to Sell the Property

Mario Machado

One Way Realty Listed on: 03/22/2022

Last Buyer's Agent

Mario Machado

One Way Realty Listed on: 03/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,773

Lot Details

  • 3,080 Sq Ft Lot

Parking

  • 7 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00020 / 02477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,773

Lot Details

0

Parking

7

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 589-1009
  • MLS Status: Sold - Sold
  • Directions: fleming to richards
  • Architectural Style: 3 Family
  • Year Built Details: 1990's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Transaction Broker, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 7.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 3080.0

Tax Info

  • Tax Annual Amount: 10773.0
  • Tax Block: 02477
  • Tax Lot: 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jul 22, 2022
Sold by
Carlos Paredes
Bought by
Mendez-Avila Ruth
Seller's Agent
Mario Machado
One Way Realty
Buyer's Agent
Mario Machado
One Way Realty
List Price
$620,000
Sold Price
$555,000
Premium/Discount to List
-$65,000
-10.48%
Current Estimated Value
$784,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,451
Avg. Annual Appreciation
9.80%
Original Mortgage
$508,500
Outstanding Balance
$487,911
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$248,856

Purchase Details

Closed on
Feb 26, 2003
Sold by
Oliveria Joao
Bought by
Azevedo Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.98%

Purchase Details

Closed on
Nov 20, 1997
Sold by
Pernicone Vincent
Bought by
Oliveira Joao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.02%
Source: Public Records

Range of Values:

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Average Value
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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
Mendez-Avila Ruth $565,000 Gomes Richard A
Azevedo Manuel $388,000 --
Oliveira Joao $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendez-Avila Ruth $508,500
Previous Owner Paredes Carlos D $290,000
Previous Owner Paredes Carlos D $300,000
Previous Owner Azevedo Manuel $376,000
Previous Owner Azevedo Manuel $310,000
Previous Owner Oliveira Joao $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $555,000 -10.5% --
07/25/2022 07/25/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $620,000 -- --
Source: New Jersey 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 $10,569 $283,500 $71,000 $212,500
2024 $10,569 $283,500 $71,000 $212,500
2023 $10,592 $283,500 $71,000 $212,500
2022 $10,592 $283,500 $71,000 $212,500
2021 $10,586 $283,500 $71,000 $212,500
2020 $10,773 $283,500 $71,000 $212,500
2019 $7,266 $193,200 $71,000 $122,200
2018 $7,135 $193,200 $71,000 $122,200
2017 $6,878 $193,200 $71,000 $122,200
2016 $6,646 $193,200 $71,000 $122,200
2015 $6,393 $193,200 $71,000 $122,200
2014 $5,991 $193,200 $71,000 $122,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mario Machado

    One Way Realty

    (973) 477-2491

    6 in this area

    12 Total Sales

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Map

Source: New Jersey MLS

MLS Number: 22009290

New Jersey MLS

APN: 14-02477-0000-00020

New Jersey Essex County Newark 07105 North Ironbound

48-50 Richards St, Newark, NJ

This home is located at 48-50 Richards St, Newark, NJ 07105 since 22 March 2022 and is currently estimated at $736,767. 48-50 Richards St is a home located in Essex County with nearby schools including Hawkins Street Elementary School, Lafayette Street Elementary School, and Oliver Street 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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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