NOT LISTED FOR SALE

493 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $525,000 - $631,105

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

Last Sold January 05, 2018

Last sale price $215,000

Est. 169% increase in value since last sale

Current estimated payment $3,677/month

181 Days on Market

About This Home

As of January 2018

This home is located at 493 S 16th St, Newark, NJ 07103 since 13 June 2017 and is currently estimated at $579,276. This property was built in 2004. 493 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

JOSE RODRIGUES

ALIGN RIGHT REALTY HOMEKEY Brokerage Phone: 973-268-4000 Listed on: 06/13/2017

Last Buyer's Agent

Neide Pagoto

ROSA AGENCY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,266

Year Built

  • Built in 2004

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,266

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Year Built: 2004
  • County Name: Essex
  • Street Number Display: 493
  • I D: 4722912
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-268-4000
  • 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
Aug 20, 2009
Sold by
Tbs Homes Llc
Bought by
Bakayoko Mohamed
Current Estimated Value
$579,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Outstanding Balance
$288,088
Interest Rate
5.21%
Mortgage Type
FHA
Estimated Equity
$291,188

Purchase Details

Closed on
Aug 18, 2009
Sold by
Okubanjo Okugboyega
Bought by
Tbs Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Outstanding Balance
$288,088
Interest Rate
5.21%
Mortgage Type
FHA
Estimated Equity
$291,188

Purchase Details

Closed on
Apr 27, 2004
Sold by
Nunez Orlando
Bought by
Sanchez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
6.2%

Purchase Details

Closed on
Aug 5, 2002
Sold by
Turner Paulette
Bought by
Nunez Orlando
Source: Public Records

Range of Values:

Collateral Analytics

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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
Bakayoko Mohamed $450,000 Ideal Title Agency
Tbs Homes Llc $200,000 Ideal Title Agency
Sanchez Pedro $310,000 --
Nunez Orlando $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakayoko Mohamed $441,849
Closed Tbs Homes Llc $441,849
Previous Owner Sanchez Pedro $294,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2018 01/05/18 Sold $215,000 -20.3% --
12/11/2017 12/11/17 Pending -- -- --
06/13/2017 06/13/17 For Sale $269,900 -- --
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 $7,266 $194,900 $31,300 $163,600
2024 $7,266 $194,900 $31,300 $163,600
2022 $7,281 $194,900 $31,300 $163,600
2021 $7,278 $194,900 $31,300 $163,600
2020 $7,406 $194,900 $31,300 $163,600
2019 $7,330 $194,900 $31,300 $163,600
2018 $7,198 $194,900 $31,300 $163,600
2017 $6,938 $194,900 $31,300 $163,600
2016 $6,705 $194,900 $31,300 $163,600
2015 $6,449 $194,900 $31,300 $163,600
2014 $6,044 $194,900 $31,300 $163,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JOSE RODRIGUES

    ALIGN RIGHT REALTY HOMEKEY

  • N

    Buyer's Agent in 2018

    Neide Pagoto

    ROSA AGENCY

    (732) 207-2191

    1 in this area

    13 Total Sales

    Neide Pagoto
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3396199

Garden State MLS

APN: 14-00327-0000-00023

New Jersey Essex County Newark 07103 West Side

493 S 16th St, Newark, NJ

This home is located at 493 S 16th St, Newark, NJ 07103 since 13 June 2017 and is currently estimated at $579,276. This property was built in 2004. 493 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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