NOT LISTED FOR SALE

483 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $396,000 - $476,728

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold July 27, 2018

Last sale price $125,000

Est. 259% increase in value since last sale

Current estimated payment $2,853/month

55 Days on Market

About This Home

As of July 2018

This home is located at 483 S 16th St, Newark, NJ 07103 since 09 May 2018 and is currently estimated at $448,682. 483 S 16th St 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

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 05/09/2018

Last Buyer's Agent

Spero Kalyoussef

KELLER WILLIAMS TEAM REALTY

KELLER WILLIAMS TEAM REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,951

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,951

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 483
  • I D: 4802835
  • Modified: 2019-07-28
  • Number Images: 1
  • Attribution Contact: 973-429-0990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Newark 42 Llc
Bought by
Newark 42 Realty Llc
Current Estimated Value
$448,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,389,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2020
Sold by
Fdf 3 Llc
Bought by
Newark 42 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 9, 2018
Sold by
Bank Beal and Erwin James
Bought by
Fdf 3 Llc
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
Buyer's Agent
Spero Kalyoussef
KELLER WILLIAMS TEAM REALTY
List Price
$94,900
Sold Price
$125,000
Premium/Discount to List
$30,100
31.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.92%
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2001
Sold by
Major Trading
Bought by
Weisz Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,450
Interest Rate
7.04%

Purchase Details

Closed on
Dec 21, 2000
Sold by
Snipes Maurice
Bought by
Holley Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.7%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Newark 42 Realty Llc -- Old Republic National
Newark 42 Llc $215,000 Riverside Abstract Llc
Fdf 3 Llc $125,000 --
Weisz Leah $171,000 --
Holley Mark C $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newark 42 Realty Llc $1,389,000
Previous Owner Newark 42 Llc $375,000
Previous Owner Fdf 3 Llc $185,000
Previous Owner Fdf 3 Llc $375,000
Previous Owner Weisz Leah $162,450
Previous Owner Holley Mark C $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $125,000 +31.7% --
07/03/2018 07/03/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $94,900 -- --
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 $4,951 $132,800 $31,300 $101,500
2024 $4,951 $132,800 $31,300 $101,500
2022 $4,961 $132,800 $31,300 $101,500
2021 $4,959 $132,800 $31,300 $101,500
2020 $5,046 $132,800 $31,300 $101,500
2019 $4,995 $132,800 $31,300 $101,500
2018 $4,904 $132,800 $31,300 $101,500
2017 $4,728 $132,800 $31,300 $101,500
2016 $4,568 $132,800 $31,300 $101,500
2015 $4,394 $132,800 $31,300 $101,500
2014 $4,118 $132,800 $31,300 $101,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    RALPH BARONE

    NJ REO ASSET MANAGEMENT & REALTY

  • Spero Kalyoussef

    Buyer's Agent in 2018

    Spero Kalyoussef

    KELLER WILLIAMS TEAM REALTY

    (973) 907-4692

    3 in this area

    53 Total Sales

    Spero Kalyoussef
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3469408

Garden State MLS

APN: 14-00327-0000-00018

New Jersey Essex County Newark 07103 West Side

483 S 16th St, Newark, NJ

This home is located at 483 S 16th St, Newark, NJ 07103 since 09 May 2018 and is currently estimated at $448,682. 483 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

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