NOT LISTED FOR SALE

493 Lake St Unit 495 Newark, NJ 07104

Forest Hill Neighborhood

Estimated Value: $448,000 - $823,000

4 Beds
2.5 Baths
5,000 Sq Ft
$140/Sq Ft Est. Value

Last Sold October 24, 2020

Last sale price $499,000 $100 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,787/month

102 Days on Market

Highlights

  • Raised Ranch Architecture
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Wood Flooring
  • 1 Car Attached Garage
  • Patio

About This Home

As of October 2020

Amazing ! Welcome to 495 Lake Street located in the desirable Historic District of Forest Hill, Facing Branch Brook Park with a beautiful view .Excellent condition featuring kitchen with center island and granite counter tops, living room with a bay-window , recessing lighting hardwood floors throughout, Main bath with jacuzzi and shower with double sink Ground floor ,second kitchen laundry room utility room , Exterior , all brick with a paved driveway and a car garage

Last Agent to Sell the Property

Augusto Verissimo

WEICHERT REALTORS - HOME CITY Listed on: 04/23/2020

WEICHERT REALTORS - HOME CITY

Last Buyer's Agent

BRENT MCCULLEY

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,473

Year Built

  • Built in 1940

Lot Details

  • 4,792

Parking

  • 1 Car Attached Garage

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction

Interior Spaces

  • 5,000 Sq Ft Home
  • Family or Dining Combination
  • Wood Flooring
  • Carbon Monoxide Detectors
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity

Additional Features

  • Patio
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 1614-00605-0000-00052-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,473

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Style: Raised Ranch
  • Primary Style: Raised Ranch
  • Subproperty Type: Single Family
  • Year Built: 1940
  • Year Built Description: Approximate, Unknown
  • County Name: Essex
  • Street Number Display: 493-495
  • Directions: Off Bloomfield Avenue
  • I D: 4977184
  • Modified: 2021-10-25
  • Number Images: 25
  • Section Subdiv Development: Forest Hill
  • First Name: AUGUSTO
  • First Name3: BRENT
  • Last Name: VERISSIMO
  • Last Name3: MCCULLEY
  • Office Phone: 973-741-3000
  • Office Phone3: 973-233-2300
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher
  • Number Rooms: 11
  • Bedrooms: 4
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: Ground
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 14x12
  • Kitchen Level: First
  • Living Room Dim: 14x22
  • Living Room Level: First
  • Other Room 1: Utility Room
  • Estimated Sq Ft: 5000
  • Phone: 973-741-3000

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Barbeque, Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Built-In Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Electric, Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 50X100
  • Assessed Improvement Value: 157800
  • Assessed Land Value: 67500
  • Assessment: 225300
  • Easement: Unknown
  • Lot Identifier: 52
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 8473
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-00605-0000-00052-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.761
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Oct 20, 2020
Sold by
Narainsammy Ramsammy and Narainsammy Pamela
Bought by
Stevenson Ronald
Seller's Agent
Augusto Verissimo
WEICHERT REALTORS - HOME CITY
Buyer's Agent
BRENT MCCULLEY
EXP REALTY, LLC
List Price
$499,900
Sold Price
$499,000
Premium/Discount to List
-$900
-0.18%
Current Estimated Value
$701,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,600
Avg. Annual Appreciation
7.21%
Original Mortgage
$0
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 1994
Sold by
Faustino Fernandeo
Bought by
Narainsammy Ramsammy and Narisammy Pamela Narisammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
9.19%
Source: Public Records

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
Stevenson Ronald $499,000 Chicago Title
Narainsammy Ramsammy $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Stevenson Ronald $0
Previous Owner Narainsammy Ramsammy $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2020 10/24/20 Sold $499,000 -0.2% $100 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $499,900 -- $100 / 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 $12,966 $347,800 $67,500 $280,300
2024 $12,966 $347,800 $67,500 $280,300
2022 $12,994 $347,800 $67,500 $280,300
2021 $12,987 $347,800 $67,500 $280,300
2020 $8,561 $225,300 $67,500 $157,800
2019 $8,474 $225,300 $67,500 $157,800
2018 $8,320 $225,300 $67,500 $157,800
2017 $8,021 $225,300 $67,500 $157,800
2016 $7,750 $225,300 $67,500 $157,800
2015 $7,455 $225,300 $67,500 $157,800
2014 $6,987 $225,300 $67,500 $157,800
Source: Public Records

Agents Affiliated with this Home

  • Augusto Verissimo

    Seller's Agent in 2020

    Augusto Verissimo

    WEICHERT REALTORS - HOME CITY

    (973) 420-5317

    8 in this area

    208 Total Sales

    Augusto Verissimo
    Section Image

  • B

    Buyer's Agent in 2020

    BRENT MCCULLEY

    EXP REALTY, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3629017

Garden State MLS

APN: 14-00605-0000-00052

New Jersey Essex County Newark 07104 Forest Hill

493 Lake St Unit 495, Newark, NJ

This home is located at 493 Lake St Unit 495, Newark, NJ 07104 since 23 April 2020 and is currently estimated at $701,600, approximately $140 per square foot. This property was built in 1940. 493 Lake St Unit 495 is a home located in Essex County with nearby schools including First Avenue Elementary School, Rafael Hernandez School, and Ridge Street Elementary School.

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