NOT LISTED FOR SALE

488 S 18th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $590,000 - $719,000

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

Last Sold January 22, 2018

Last sale price $260,000

Est. 147% increase in value since last sale

Current estimated payment $4,182/month

183 Days on Market

About This Home

As of January 2018

This home is located at 488 S 18th St, Newark, NJ 07103 since 02 May 2017 and is currently estimated at $641,731. This property was built in 2003. 488 S 18th 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 Listed By

BLOSSOM VERNON

BHHS JORDAN BARIS REALTY Brokerage Phone: 973-763-7700 Listed on: 05/02/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,083

Year Built

  • 2003

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,083

Year Built

2003

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 488
  • I D: 4710701
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-763-7700
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 2003

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2017
Closed on
Jan 23, 2018
Sold by
488 South 18 Llc
Bought by
Tijani Owolabi
Seller's Agent
BLOSSOM VERNON
BHHS JORDAN BARIS REALTY
Buyer's Agent
Krya Harrison
NORTH STAR ELITE REALTY
List Price
$280,000
Sold Price
$260,000
Premium/Discount to List
-$20,000
-7.14%
Total Days on Market
183
Current Estimated Value
$641,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,731
Avg. Annual Appreciation
13.78%
Original Mortgage
$265,109
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2004
Sold by
Szczepanik Joseph
Bought by
Ferreira Mozart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2003
Sold by
Alvarado Carmen
Bought by
Iannotta Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Interest Rate
5.86%

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
Tijani Owolabi $270,000 --
Ferreira Mozart $305,000 --
Iannotta Fernando $113,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tijani Owolabi $15,092
Open Tijani Owolabi $259,128
Closed Tijani Owolabi $261,562
Closed Tijani Owolabi $265,109
Previous Owner 488 South 18 Llc $695,000
Previous Owner Ferreira Mozart $244,000
Previous Owner Iannotta Fernando $90,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $260,000 -7.1% --
11/01/2017 11/01/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $280,000 -- --
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
2024 $7,083 $190,000 $31,300 $158,700
2022 $7,098 $190,000 $31,300 $158,700
2021 $7,095 $190,000 $31,300 $158,700
2020 $7,220 $190,000 $31,300 $158,700
2019 $7,146 $190,000 $31,300 $158,700
2018 $7,013 $189,900 $31,300 $158,600
2017 $7,964 $223,700 $31,300 $192,400
2016 $7,695 $223,700 $31,300 $192,400
2015 $7,402 $223,700 $31,300 $192,400
2014 $6,937 $223,700 $31,300 $192,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    BLOSSOM VERNON

    BHHS JORDAN BARIS REALTY

  • Krya Harrison

    Buyer's Agent in 2018

    Krya Harrison

    NORTH STAR ELITE REALTY

    (908) 267-8169

    3 in this area

    48 Total Sales

    Krya Harrison
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3386303

Garden State MLS

APN: 14-00326-0000-00036

New Jersey Essex County Newark 07103 West Side

488 S 18th St, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 488 S 18th St, Newark, NJ 07103 since 02 May 2017 and is currently estimated at $641,731. This property was built in 2003. 488 S 18th 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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