NOT LISTED FOR SALE

509 S 16th St Unit 2 Newark, NJ 07103

West Side Neighborhood

Estimated Value: $554,000

-- Bed
-- Bath
2,500 Sq Ft
$222/Sq Ft Est. Value

Last Sold June 22, 2017

Last sale price $10,000 $4 Per Sq Ft

Est. 5,440% increase in value since last sale

Current estimated payment $3,198/month

9 Days on Market

About This Home

As of June 2017

This home is located at 509 S 16th St Unit 2, Newark, NJ 07103 since 30 April 2017 and is currently estimated at $554,000, approximately $221 per square foot. This property was built in 1920. 509 S 16th St Unit 2 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Lincoln Elementary School.

Last Listed By

Manuel Couto

NENO-ROSA AGENCY Brokerage Phone: 201-997-7860 Listed on: 04/30/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,167

Year Built

  • 1920

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,167

Year Built

1920

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 509
  • I D: 4707383
  • Modified: 2018-06-23
  • Number Images: 1
  • Attribution Contact: 201-997-7860
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2024
Sold by
Taub Hindy Leah
Bought by
141 Passaic Holdings Llc
Total Days on Market
9
Current Estimated Value
$554,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$695,861
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
-$141,861

Purchase Details

Closed on
Jun 13, 2023
Sold by
Taub Hindy Leah
Bought by
509 Gc Estates Llc

Purchase Details

Closed on
Mar 8, 2023
Sold by
Gc Estate Llc
Bought by
Taub Hindy Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2021
Sold by
509 South 16Th Llc
Bought by
Gc Estate Llc

Purchase Details

Closed on
Nov 27, 2020
Sold by
147 Grant Ave Bsd Llc
Bought by
509 South 16Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 9, 2020
Sold by
147 Grant Ave Bsd Llc
Bought by
509 South 16Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 2, 2020
Sold by
Park Rlurek Corp
Bought by
147 Grant Ave Bsd Llc

Purchase Details

Listed on
Apr 30, 2017
Closed on
Jun 14, 2017
Sold by
Fnma
Bought by
Park Rturek Corp
Seller's Agent
Manuel Couto
NENO-ROSA AGENCY
Buyer's Agent
JESSICA ORTIZ
ROCK NJ, REALTORS
List Price
$9,000
Sold Price
$10,000
Premium/Discount to List
$1,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.80%

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
141 Passaic Holdings Llc -- Universal Title
509 Gc Estates Llc -- Universal Title
Taub Hindy Leah -- Universal Title
Gc Estate Llc -- Universal Title Llc
509 South 16Th Llc $120,000 Old Republic Natl Ttl Ins Co
509 South 16Th Llc $120,000 Old Republic National
147 Grant Ave Bsd Llc $69,000 Riverside Abstract Llc
Park Rturek Corp $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 141 Passaic Holdings Llc $700,000
Previous Owner 141 Passaic Holdings Llc $210,000
Previous Owner Taub Hindy Leah $476,000
Previous Owner 509 South 16Th Llc $270,000
Previous Owner 509 South 16Th Llc $270,000
Previous Owner Taylor William $352,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2017 06/22/17 Sold $10,000 +11.1% $4 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
04/30/2017 04/30/17 For Sale $9,000 -- $4 / 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
2024 $1,167 $31,300 $31,300 $0
2022 $1,169 $31,300 $31,300 $0
2021 $1,169 $31,300 $31,300 $0
2020 $586 $31,300 $31,300 $0
2019 $1,177 $31,300 $31,300 $0
2018 $1,156 $31,300 $31,300 $0
2017 $1,114 $31,300 $31,300 $0
2016 $1,077 $31,300 $31,300 $0
2015 $1,036 $31,300 $31,300 $0
2014 $971 $31,300 $31,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Manuel Couto

    Seller's Agent in 2017

    Manuel Couto

    NENO-ROSA AGENCY

    (908) 490-0534

    2 in this area

    81 Total Sales

    Manuel Couto
    Section Image
  • JESSICA ORTIZ

    Buyer's Agent in 2017

    JESSICA ORTIZ

    ROCK NJ, REALTORS

    (201) 341-4589

    1 in this area

    48 Total Sales

    JESSICA ORTIZ
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3383609

Garden State MLS

APN: 14-00334-0000-00025

New Jersey Essex County Newark 07103 West Side

509 S 16th St Unit 2, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 509 S 16th St Unit 2, Newark, NJ 07103 since 30 April 2017 and is currently estimated at $554,000, approximately $221 per square foot. This property was built in 1920. 509 S 16th St Unit 2 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Lincoln Elementary School.

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