$705,000
SOLD JUN 12, 2024
-- Bed
-- Bath
2,558 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$276 Per Sq Ft

9% Above List Price

23 Days on Market

About This Home

As of June 2024

This home is located at 488 S 11th St, Newark, NJ 07103 and is currently priced at $705,000, approximately $275 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

KELLER WILLIAMS VILLAGE SQUARE Brokerage Phone: 201-445-4300 Listed on: 04/01/2024

KELLER WILLIAMS VILLAGE SQUARE

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
  • Street Number Display: 488
  • I D: 5278842
  • Modified: 2025-06-13
  • Number Images: 1
  • 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
KELLER WILLIAMS VILLAGE SQUARE
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
$715,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,274
Avg. Annual Appreciation
-8.81%
Original Mortgage
$305,000
Outstanding Balance
$301,692
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$333,529

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $705,000 Westcor Land Title
Deed $133,000 Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $305,000 New Conventional
Previous Owner $440,374 FHA
Previous Owner $440,374 FHA
Previous Owner $208,700 New Conventional
Previous Owner $203,866 FHA
Previous Owner $203,273 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

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Map

Source: Garden State MLS

MLS Number: 3893724

Garden State MLS

APN: 14-00288-0000-00042