NOT LISTED FOR SALE

488 S 12th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $509,589 - $616,000

-- Bed
-- Bath
2,167 Sq Ft
$262/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $345,000 $159 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,811/month

3 Days on Market

About This Home

As of March 2021

This home is located at 488 S 12th St, Newark, NJ 07103 since 07 December 2020 and is currently estimated at $566,897, approximately $261 per square foot. This property was built in 1947. 488 S 12th 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

NEHEMIE LEON

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 12/07/2020

Last Buyer's Agent

Benjamin Rodriguez

REAL

REAL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,637

Year Built

  • 1947

Lot Details

  • 2,178 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,637

Year Built

1947

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 488
  • I D: 5036176
  • Modified: 2022-04-01
  • Number Images: 0
  • Attribution Contact: 973-772-0660
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Lot Info

  • Lot Size: 22.33 X 100
  • Total Acres: 0.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2020
Closed on
Feb 25, 2021
Sold by
Villa Estates Llc
Bought by
Velasquez Connie
Seller's Agent
NEHEMIE LEON
REALTY ONE GROUP LEGEND
Buyer's Agent
Benjamin Rodriguez
REAL
List Price
$335,000
Sold Price
$345,000
Premium/Discount to List
$10,000
2.99%
Total Days on Market
3
Current Estimated Value
$566,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,897
Avg. Annual Appreciation
12.55%
Original Mortgage
$332,870
Interest Rate
3.05%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 2019
Sold by
Kanu Fatima
Bought by
Villa Estates Llc

Purchase Details

Closed on
Sep 16, 2011
Sold by
Aj Management Solution Llc
Bought by
Kanu Fatima

Purchase Details

Closed on
Oct 15, 2009
Sold by
Fannie Mae
Bought by
Aj Management Solutions Llc

Purchase Details

Closed on
Jul 20, 2009
Sold by
Alves Lemos Alves Gilberto
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 31, 2007
Sold by
Dejesus Carlos
Bought by
Lemos Alves Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,900
Interest Rate
6.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2005
Sold by
Barros Bina
Bought by
Dejesus Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2003
Sold by
Henderson Sebert
Bought by
Hagan John and Hagan Carmela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,050
Interest Rate
6.01%
Source: Public Records

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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
Velasquez Connie $339,011 Main Street Title
Villa Estates Llc $90,000 Hometown Title
Kanu Fatima $25,000 None Available
Aj Management Solutions Llc $25,000 Multiple
Federal National Mortgage Association -- None Available
Lemos Alves Gilberto $370,000 Optimus Title Services Of Ne
Dejesus Carlos $310,000 --
Hagan John $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Velasquez Connie $332,870
Previous Owner Lemos Alves Gilberto $358,900
Previous Owner Dejesus Carlos $248,000
Previous Owner Dejesus Carlos $62,000
Previous Owner Barros Bina $36,975
Previous Owner Barros Bina $197,200
Previous Owner Hagan John $11,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $345,000 +3.0% $159 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
12/07/2020 12/07/20 For Sale $335,000 -- $155 / 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
2024 $9,637 $258,500 $30,500 $228,000
2022 $9,658 $258,500 $30,500 $228,000
2021 $1,251 $33,500 $30,500 $3,000
2020 $1,273 $33,500 $30,500 $3,000
2019 $1,260 $33,500 $30,500 $3,000
2018 $1,237 $33,500 $30,500 $3,000
2017 $1,193 $33,500 $30,500 $3,000
2016 $1,152 $33,500 $30,500 $3,000
2015 $1,109 $33,500 $30,500 $3,000
2014 $1,039 $33,500 $30,500 $3,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    NEHEMIE LEON

    REALTY ONE GROUP LEGEND

  • Benjamin Rodriguez

    Buyer's Agent in 2021

    Benjamin Rodriguez

    REAL

    (201) 774-3680

    1 in this area

    37 Total Sales

    Benjamin Rodriguez
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Map

Source: Garden State MLS

MLS Number: 3682017

Garden State MLS

APN: 14-00287-0000-00041

New Jersey Essex County Newark 07103 West Side

488 S 12th St, Newark, NJ

This home is located at 488 S 12th St, Newark, NJ 07103 since 07 December 2020 and is currently estimated at $566,897, approximately $261 per square foot. This property was built in 1947. 488 S 12th St is a home located in Essex County with nearby schools including Harriet Tubman School, Camden Street Elementary School, and Cleveland Elementary School.

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