NOT LISTED FOR SALE

489 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $388,000 - $595,000

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

Last Sold February 28, 2019

Last sale price $130,000

Est. 283% increase in value since last sale

Current estimated payment $3,105/month

15 Days on Market

About This Home

As of February 2019

This home is located at 489 S 16th St, Newark, NJ 07103 since 18 October 2018 and is currently estimated at $497,832. This property was built in 1900. 489 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

Bill Flagg

ERA QUEEN CITY REALTY Brokerage Phone: 908-322-5454 Listed on: 10/18/2018

Last Buyer's Agent

Ileola Allen-Jamison

RE/MAX SOLUTIONS

RE/MAX SOLUTIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,588

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,588

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Essex
  • Street Number Display: 489
  • I D: 4846038
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-322-5454
  • 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
Feb 26, 2024
Sold by
Exilus Thiery J
Bought by
Kaff Rivka
Current Estimated Value
$497,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Outstanding Balance
$422,848
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$74,984

Purchase Details

Listed on
Oct 18, 2018
Closed on
Feb 28, 2019
Sold by
Usa Hud
Bought by
Exilus Thiery J
Seller's Agent
Bill Flagg
ERA QUEEN CITY REALTY
Buyer's Agent
Ileola Allen-Jamison
RE/MAX SOLUTIONS
List Price
$110,000
Sold Price
$130,000
Premium/Discount to List
$20,000
18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.56%

Purchase Details

Closed on
Apr 15, 2016
Sold by
Citimortgage Inc
Bought by
Usa Hud

Purchase Details

Closed on
Dec 28, 2015
Sold by
Sheriff Of The County Of Essex
Bought by
Citimortgage Inc

Purchase Details

Closed on
May 14, 2015
Sold by
Fontoura Armando B
Bought by
Citimortgage Inc and Cepeda Ferdando A

Purchase Details

Closed on
Jul 14, 2009
Sold by
Samnii Llc
Bought by
Cepeda Fernado

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,146
Interest Rate
5.36%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 2009
Sold by
Residential Funding Real Estate Holdings
Bought by
Samnii Llc

Purchase Details

Closed on
Oct 5, 2007
Sold by
Essex County Sheriff
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Nov 30, 2005
Sold by
489 S 16Th St Assoc Llc
Bought by
Wasie Ione Shephard

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
8.55%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 28, 2004
Sold by
H&B Enterprise And Investment
Bought by
489 S 16Th Street Assoc Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kaff Rivka $360,000 None Listed On Document
Kaff Rivka $360,000 None Listed On Document
Exilus Thiery J $130,000 Belmont Title & Settlement
Usa Hud -- --
Citimortgage Inc $337,770 None Listed On Document
Citimortgage Inc $337,770 None Available
Cepeda Fernado $295,000 None Available
Samnii Llc $56,000 Supreme Title Agency
Residential Funding Real Estate Holdings -- Supreme Title Agency
Jpmorgan Chase Bank Na $274,153 None Listed On Document
Jpmorgan Chase Bank Na $274,153 None Listed On Document
Homecoming Financial Llc -- None Available
Wasie Ione Shephard $310,000 --
489 S 16Th Street Assoc Llc $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaff Rivka $430,000
Closed Kaff Rivka $430,000
Previous Owner Cepeda Fernado $270,146
Previous Owner Wasie Ione Shephard $248,000
Closed Citimortgage Inc --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $130,000 +18.2% --
11/02/2018 11/02/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $110,000 -- --
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
2025 $5,588 $149,900 $31,300 $118,600
2024 $5,588 $149,900 $31,300 $118,600
2023 $5,600 $149,900 $31,300 $118,600
2022 $5,600 $149,900 $31,300 $118,600
2021 $5,597 $149,900 $31,300 $118,600
2020 $5,696 $149,900 $31,300 $118,600
2019 $5,638 $149,900 $31,300 $118,600
2018 $5,536 $149,900 $31,300 $118,600
2017 $5,336 $149,900 $31,300 $118,600
2016 $5,157 $149,900 $31,300 $118,600
2015 $4,960 $149,900 $31,300 $118,600
2014 $4,648 $149,900 $31,300 $118,600
Source: Public Records

Agents Affiliated with this Home

  • Bill Flagg

    Seller's Agent in 2019

    Bill Flagg

    ERA QUEEN CITY REALTY

    (908) 603-8040

    1 in this area

    54 Total Sales

    Bill Flagg
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3510308

Garden State MLS

APN: 14-00327-0000-00021

New Jersey Essex County Newark 07103 West Side

489 S 16th St, Newark, NJ

This home is located at 489 S 16th St, Newark, NJ 07103 since 18 October 2018 and is currently estimated at $497,832. This property was built in 1900. 489 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes