NOT LISTED FOR SALE

488 S 11th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $298,000 - $760,000

9 Beds
4 Baths
2,558 Sq Ft
$243/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $705,000 $276 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $4,195/month

23 Days on Market

About This Home

As of June 2024

This home is located at 488 S 11th St, Newark, NJ 07103 since 01 April 2024 and is currently estimated at $621,012, approximately $242 per square foot. 488 S 11th St is a home located in Essex County with nearby schools including Harriet Tubman School, Camden Street Elementary School, and Cleveland Elementary School.

Last Agent to Sell the Property

Melina Salazar

REALTY ONE GROUP LEGEND Brokerage Phone: 201-445-4300 Listed on: 04/01/2024

REALTY ONE GROUP LEGEND

Last Buyer's Agent

Francesco Mazzaferro

CHRISTIE'S INT. REAL ESTATE GROUP

CHRISTIE'S INT. REAL ESTATE GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,255

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,255

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5278842
  • Attribution Contact: 201-445-4300
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 23.11X119.11
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 31, 2024
Sold by
Keiser Amanda
Bought by
488 S 11Th St Llc
Seller's Agent
Melina Salazar
REALTY ONE GROUP LEGEND
Buyer's Agent
Francesco Mazzaferro
CHRISTIE'S INT. REAL ESTATE GROUP
List Price
$649,000
Sold Price
$705,000
Premium/Discount to List
$56,000
8.63%
Views
63
Current Estimated Value
$621,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,988
Avg. Annual Appreciation
-8.43%
Original Mortgage
$305,000
Outstanding Balance
$300,622
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$320,390

Purchase Details

Closed on
Sep 22, 2009
Sold by
Greaves Halcott and Greaves Mary
Bought by
Field Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,273
Interest Rate
5.14%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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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
488 S 11Th St Llc $705,000 Westcor Land Title
Field Craig $133,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 488 S 11Th St Llc $305,000
Previous Owner Field Craig $203,273
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2024 06/12/24 Sold $705,000 +8.6% $276 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $649,000 0.0% $254 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $649,000 +49.5% $254 / Sq Ft
01/27/2020 01/27/20 Sold $434,250 -4.6% $170 / Sq Ft View Prior Sale
12/09/2019 12/09/19 Pending -- -- --
12/09/2019 12/09/19 For Sale $455,000 +106.8% $178 / Sq Ft
01/04/2019 01/04/19 Sold $220,000 -6.4% $86 / Sq Ft View Prior Sale
11/01/2018 11/01/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $235,000 -6.0% $92 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $249,900 -- $98 / Sq Ft
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 $11,255 $301,900 $33,500 $268,400
2024 $11,255 $301,900 $33,500 $268,400
2023 $11,279 $301,900 $33,500 $268,400
2022 $11,279 $301,900 $33,500 $268,400
2021 $11,273 $301,900 $33,500 $268,400
2020 $6,726 $177,000 $33,500 $143,500
2019 $8,519 $226,500 $33,500 $193,000
2018 $8,365 $226,500 $33,500 $193,000
2017 $8,063 $226,500 $33,500 $193,000
2016 $7,792 $226,500 $33,500 $193,000
2015 $7,495 $226,500 $33,500 $193,000
2014 $7,024 $226,500 $33,500 $193,000
Source: Public Records

Agents Affiliated with this Home

  • Melina Salazar

    Seller's Agent in 2024

    Melina Salazar

    REALTY ONE GROUP LEGEND

    (201) 803-3562

    1 in this area

    41 Total Sales

    Melina Salazar
    Section Image
  • Francesco Mazzaferro

    Buyer's Agent in 2024

    Francesco Mazzaferro

    CHRISTIE'S INT. REAL ESTATE GROUP

    (201) 410-3020

    2 in this area

    288 Total Sales

    Francesco Mazzaferro
    Section Image

  • I

    Seller's Agent in 2020

    Imbar Meidani

    IMPROOV HOMES

    (347) 543-7377

    1 in this area

    25 Total Sales

    Imbar Meidani
    Section Image

  • J

    Seller's Agent in 2019

    Joaquim Ferreira

    CORNERSTONE REALTY ASSOCIATES

    (973) 819-7126

    9 in this area

    61 Total Sales

    Joaquim Ferreira
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3893724

Garden State MLS

APN: 14-00288-0000-00042

New Jersey Essex County Newark 07103 West Side

488 S 11th St, Newark, NJ

Not Listed for Sale

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