NOT LISTED FOR SALE

491 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $578,880 - $866,000

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

Last Sold February 12, 2021

Last sale price $407,300

Est. 68% increase in value since last sale

Current estimated payment $4,374/month

53 Days on Market

About This Home

As of February 2021

This home is located at 491 S 16th St, Newark, NJ 07103 since 13 July 2020 and is currently estimated at $683,970. This property was built in 1904. 491 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

Isabel Henriques

EXP REALTY, LLC Brokerage Phone: 973-253-2800 Listed on: 07/13/2020

EXP REALTY, LLC

Co-Listed By

MBOUMUM FRANKLIN

KELLER WILLIAMS TEAM REALTY Brokerage Phone: 973-253-2800

Last Buyer's Agent

Isabel Henriques

EXP REALTY, LLC Brokerage Phone: 973-253-2800 Listed on: 07/13/2020

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,981

Year Built

  • Built in 1904

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,981

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Year Built: 1904
  • County Name: Essex
  • Street Number Display: 491
  • I D: 4998474
  • Modified: 2022-02-13
  • Number Images: 1
  • Attribution Contact: 973-253-2800
  • 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

Listed on
Jul 13, 2020
Closed on
Jan 21, 2021
Sold by
Diffo Euphrasie Diane Fomekong and Fomekong Diane Euphras
Bought by
Okusanya Kate
Seller's Agent
Isabel Henriques
EXP REALTY, LLC
Buyer's Agent
Isabel Henriques
EXP REALTY, LLC
List Price
$410,000
Sold Price
$407,300
Premium/Discount to List
-$2,700
-0.66%
Current Estimated Value
$683,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,670
Avg. Annual Appreciation
11.85%
Original Mortgage
$305,475
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2015
Sold by
Flatland Associates
Bought by
Arakus Associates Ll

Purchase Details

Closed on
Dec 13, 2007
Sold by
Vidach Dennis
Bought by
Flatland Associates Llc

Purchase Details

Closed on
Mar 20, 2007
Sold by
Us Bank National Assn
Bought by
Vidach Dennis

Purchase Details

Closed on
Jul 18, 2005
Sold by
Mccants Jacqueline
Bought by
Saavedra Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2004
Sold by
Adkins Kevin
Bought by
Mccants Jaqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
8.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 19, 2003
Sold by
Gee Management Llc
Bought by
Nelums Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
5.45%

Purchase Details

Closed on
Jan 30, 2003
Sold by
Nelums Gerald
Bought by
Adkins Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
5.45%

Purchase Details

Closed on
Dec 11, 2000
Sold by
Newpip Properties Co Ltd
Bought by
Drowns William T

Purchase Details

Closed on
Nov 2, 1990
Sold by
Turner Andrew and Turner Paulette
Bought by
Turner Paulette
Source: Public Records

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
Okusanya Kate $407,300 Old Republic National
Arakus Associates Ll -- --
Flatland Associates Llc -- First American Title Ins Co
Vidach Dennis $158,000 --
Saavedra Juan $300,000 --
Mccants Jaqueline $197,000 --
Nelums Gerald -- --
Adkins Kevin $145,000 --
Drowns William T $25,000 --
Drowns William T $25,000 --
Turner Paulette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Okusanya Kate $305,475
Previous Owner Saavedra Juan $240,000
Previous Owner Mccants Jaqueline $157,600
Previous Owner Adkins Kevin $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $407,300 -0.7% --
09/04/2020 09/04/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $410,000 -- --
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 $8,981 $240,900 $31,300 $209,600
2024 $8,981 $240,900 $31,300 $209,600
2022 $9,000 $240,900 $31,300 $209,600
2021 $8,995 $240,900 $31,300 $209,600
2020 $5,084 $133,800 $31,300 $102,500
2019 $5,032 $133,800 $31,300 $102,500
2018 $4,941 $133,800 $31,300 $102,500
2017 $4,763 $133,800 $31,300 $102,500
2016 $4,603 $133,800 $31,300 $102,500
2015 $4,427 $133,800 $31,300 $102,500
2014 $4,149 $133,800 $31,300 $102,500
Source: Public Records

Agents Affiliated with this Home

  • Isabel Henriques

    Seller's Agent in 2021

    Isabel Henriques

    EXP REALTY, LLC

    (908) 553-7967

    2 in this area

    52 Total Sales

    Isabel Henriques
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    MBOUMUM FRANKLIN

    KELLER WILLIAMS TEAM REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3647912

Garden State MLS

APN: 14-00327-0000-00022

New Jersey Essex County Newark 07103 West Side

491 S 16th St, Newark, NJ

This home is located at 491 S 16th St, Newark, NJ 07103 since 13 July 2020 and is currently estimated at $683,970. This property was built in 1904. 491 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.

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