NOT LISTED FOR SALE

48 Cypress St Unit 50 Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $578,000 - $920,000

-- Bed
-- Bath
-- Sq Ft
3,446 Sq Ft Lot

Last Sold December 02, 2022

Last sale price $600,000

Est. 30% increase in value since last sale

Current estimated payment $5,019/month

147 Days on Market

About This Home

As of December 2022

This home is located at 48 Cypress St Unit 50, Newark, NJ 07108 since 28 March 2022 and is currently estimated at $779,587. This property was built in 2003. 48 Cypress St Unit 50 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Chancellor Avenue School.

Last Agent to Sell the Property

Christiana Ero

THE REAL ESTATE COMPANY Brokerage Phone: 908-686-7800 Listed on: 03/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,636

Year Built

  • Built in 2003

Lot Details

  • 3,446 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,636

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Year Built: 2003
  • County Name: Essex
  • Street Number Display: 48
  • I D: 5138731
  • Modified: 2023-12-03
  • Number Images: 1
  • Attribution Contact: 908-686-7800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 3446 SF
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Nov 23, 2022
Sold by
Ogunruku Ademola A and Ogunruku Funmilayo
Bought by
Okusanya Kate
Seller's Agent
Christiana Ero
THE REAL ESTATE COMPANY
List Price
$675,000
Sold Price
$600,000
Premium/Discount to List
-$75,000
-11.11%
Views
1
Current Estimated Value
$779,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,587
Avg. Annual Appreciation
9.69%
Original Mortgage
$450,000
Outstanding Balance
$436,046
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$343,541

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

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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
Okusanya Kate $600,000 --
Ogunruku Ademola $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okusanya Kate $450,000
Previous Owner Ogunruku Ademola $418,180
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $600,000 -4.6% --
08/22/2022 08/22/22 Pending -- -- --
05/31/2022 05/31/22 Price Changed $629,000 -3.1% --
04/22/2022 04/22/22 Price Changed $649,000 -3.9% --
03/28/2022 03/28/22 For Sale $675,000 -- --
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
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

Agents Affiliated with this Home

  • Christiana Ero

    Seller's Agent in 2022

    Christiana Ero

    THE REAL ESTATE COMPANY

    (908) 688-3311

    1 in this area

    9 Total Sales

    Christiana Ero
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3771655

Garden State MLS

APN: 14-03079-0000-00013-01

New Jersey Essex County Newark 07108 Clinton Hill

48 Cypress St Unit 50, Newark, NJ

This home is located at 48 Cypress St Unit 50, Newark, NJ 07108 since 28 March 2022 and is currently estimated at $779,587. This property was built in 2003. 48 Cypress St Unit 50 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Chancellor Avenue School.

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