NOT LISTED FOR SALE

511 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $404,000 - $669,000

3 Beds
4 Baths
2,247 Sq Ft
$241/Sq Ft Est. Value

Last Sold September 21, 2022

Last sale price $420,000 $187 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,406/month

190 Days on Market

Highlights

  • Property is near public transit
  • Interior Lot
  • Utility Room
  • Private Yard
  • Forced Air Heating System
  • Carpet

About This Home

As of September 2022

This home is located at 511 S 16th St, Newark, NJ 07103 since 15 March 2022 and is currently estimated at $541,319, approximately $240 per square foot. 511 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Lincoln Elementary School.

Last Agent to Sell the Property

DAWN FISHER

KELLER WILLIAMS ELITE REALTORS Listed on: 03/15/2022

KELLER WILLIAMS ELITE REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,452

Lot Details

  • Lot Dimensions are 100.00 x 25.00
  • Interior Lot
  • Private Yard

Parking

  • On-Street Parking

Home Design

Interior Spaces

  • 2,247 Sq Ft Home
  • Insulated Windows
  • Utility Room
  • Carpet
  • Basement Fills Entire Space Under The House
  • Oven or Range

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,452

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size: 100.00 x 25.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Appliances: Water Heater(From Furnace), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Interior Entry, Utility Room
  • Flooring: Unit 1 Carpet, Unit 2 Carpet
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,Laundry Hookup,1 Bath,Living Room), Unit 2(Dining Room,3 Bedrooms,Kitchen,Laundry Hookup,1 Bath,Living Room)
  • Living Area: 2247
  • Window Features: Insulated Windows

Exterior Features

  • Lot Features: Near Shopping, Interior Lot, Near Public Transit
  • Exterior Features: Curbs, Sidewalk, Windows - Insulated Pane, Yard

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All,Ceiling Fan(s), Unit 1(A/C Central,A/C Unit), Unit 2(A/C Central,A/C Unit)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Tax Info

  • Tax Annual Amount: 6452
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2022
Closed on
Aug 22, 2022
Sold by
Dlj Home And Investment Llc
Bought by
Morris Christie E
Seller's Agent
DAWN FISHER
KELLER WILLIAMS ELITE REALTORS
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Views
23
Current Estimated Value
$541,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,319
Avg. Annual Appreciation
8.71%
Original Mortgage
$420,000
Outstanding Balance
$400,598
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$140,721

Purchase Details

Listed on
Mar 24, 2020
Closed on
Dec 4, 2020
Sold by
Essex Flips 23 Llc
Bought by
Dlj Home And Investment Llc
Seller's Agent
JOSHUA CARMONA
LIFESTYLE INTERNATIONAL REALTY
Buyer's Agent
JOSHUA CARMONA
LIFESTYLE INTERNATIONAL REALTY
List Price
$275,000
Sold Price
$105
Premium/Discount to List
-$274,895
-99.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11033.33%
Original Mortgage
$200,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2011
Sold by
Kings Investments Llc
Bought by
Sisco Casey

Purchase Details

Closed on
May 10, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Kings Investments Llc

Purchase Details

Closed on
Apr 28, 2008
Sold by
Porter Nicole
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jul 7, 2006
Sold by
Haley Hughley
Bought by
Porter Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
10.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 4, 2004
Sold by
Denmon Deborah
Bought by
Haley Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
5.75%

Purchase Details

Closed on
Mar 11, 2002
Sold by
Chase Manhattan
Bought by
Denmon Deborah

Purchase Details

Closed on
Sep 17, 1992
Sold by
Little Mattie
Bought by
Little William and Little Mattie
Source: Public Records

Range of Values:

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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
Morris Christie E $420,000 Intact Title
Dlj Home And Investment Llc $105,000 Atlantic Ttl & Setmnt Svc Ll
Sisco Casey $175,000 None Available
Kings Investments Llc $16,000 Multiple
Deutsche Bank National Trust Co -- None Available
Porter Nicole $275,000 --
Haley Hugh $185,000 --
Denmon Deborah $28,000 --
Little William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Christie E $420,000
Previous Owner Dlj Home And Investment Llc $200,000
Previous Owner Porter Nicole $275,000
Previous Owner Haley Hugh $157,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2022 09/21/22 Sold $420,000 -6.7% $187 / Sq Ft
05/28/2022 05/28/22 Off Market $450,000 -- --
04/27/2022 04/27/22 For Sale $450,000 0.0% $200 / Sq Ft
03/15/2022 03/15/22 For Sale $450,000 +428471.4% $200 / Sq Ft
12/16/2020 12/16/20 Sold $105 -99.9% $0 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/23/2020 09/23/20 Price Changed $100,000 -63.6% $47 / Sq Ft
03/24/2020 03/24/20 For Sale $275,000 -- $131 / Sq Ft
Source: All Jersey 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 $6,442 $172,800 $31,300 $141,500
2024 $6,442 $172,800 $31,300 $141,500
2022 $6,456 $172,800 $31,300 $141,500
2021 $6,452 $172,800 $31,300 $141,500
2020 $6,566 $172,800 $31,300 $141,500
2019 $6,499 $172,800 $31,300 $141,500
2018 $6,382 $172,800 $31,300 $141,500
2017 $6,152 $172,800 $31,300 $141,500
2016 $5,944 $172,800 $31,300 $141,500
2015 $5,718 $172,800 $31,300 $141,500
2014 $5,359 $172,800 $31,300 $141,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    DAWN FISHER

    KELLER WILLIAMS ELITE REALTORS

    (908) 413-4486

    1 in this area

    4 Total Sales

    DAWN FISHER
    Section Image

  • J

    Seller's Agent in 2020

    JOSHUA CARMONA

    LIFESTYLE INTERNATIONAL REALTY

    (201) 559-5770

    6 in this area

    42 Total Sales

    JOSHUA CARMONA
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2211013R

All Jersey MLS

APN: 14-00334-0000-00024

New Jersey Essex County Newark 07103 West Side

511 S 16th St, Newark, NJ

This home is located at 511 S 16th St, Newark, NJ 07103 since 15 March 2022 and is currently estimated at $541,319, approximately $240 per square foot. 511 S 16th St 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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