NOT LISTED FOR SALE

513 S 16th St Unit 1 Newark, NJ 07103

West Side Neighborhood

Estimated Value: $636,376 - $717,000

3 Beds
2 Baths
1,400 Sq Ft
$486/Sq Ft Est. Value

About This Home

This home is located at 513 S 16th St Unit 1, Newark, NJ 07103 and is currently estimated at $680,094, approximately $485 per square foot. 513 S 16th St Unit 1 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Lincoln Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Obour Yaw and Brown Krystal
Bought by
Ajetunmobi Abel G and Ajetunmobi Olanrewaju T
Current Estimated Value
$680,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$676,637
Outstanding Balance
$675,008
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$5,086

Purchase Details

Closed on
Feb 6, 2024
Sold by
Jay Twar Group
Bought by
Obour Yaw and Brown Krystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,408
Interest Rate
6.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 2022
Sold by
City Of Newark
Bought by
Jaytwar Group Llc

Purchase Details

Closed on
Jan 15, 2008
Sold by
513 S 16Th Street Associates Llc
Bought by
Gandhi Mayank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,500
Interest Rate
6.13%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2006
Sold by
New York Affordable Project
Bought by
513 S 16Th Assoc Llc

Purchase Details

Closed on
Aug 12, 2003
Sold by
Discount Homes R Us Inc
Bought by
New York Affordable Project Ma

Purchase Details

Closed on
Apr 25, 1991
Sold by
The Oxford Finance Companies Inc
Bought by
Clark David L and Clark Addie O

Purchase Details

Closed on
Apr 3, 1990
Sold by
Dalessio Thomas J Sheriff
Bought by
Oxford Finance Cos Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Ajetunmobi Abel G $700,000 Stewart Title Guaranty Company
Obour Yaw $640,000 None Listed On Document
Jaytwar Group Llc $25,000 None Listed On Document
Gandhi Mayank $360,000 Chicago Title Insurance Co
513 S 16Th Assoc Llc $107,250 --
New York Affordable Project Ma $67,061 --
Clark David L $66,200 --
Oxford Finance Cos Inc $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajetunmobi Abel G $676,637
Previous Owner Obour Yaw $628,408
Previous Owner Gandhi Mayank $349,500
Source: Public Records

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 $4,895 $314,300 $31,300 $283,000
2024 $4,895 $131,300 $31,300 $100,000
2022 $0 $131,300 $31,300 $100,000
2021 $0 $131,300 $31,300 $100,000
2020 $0 $131,300 $31,300 $100,000
2019 $4,674 $131,300 $31,300 $100,000
2018 $0 $131,300 $31,300 $100,000
2017 $4,674 $131,300 $31,300 $100,000
2016 $4,517 $131,300 $31,300 $100,000
2015 $4,345 $131,300 $31,300 $100,000
2014 $4,072 $131,300 $31,300 $100,000
Source: Public Records

Map

New Jersey Essex County Newark 07103 West Side

513 S 16th St Unit 1, Newark, NJ

This home is located at 513 S 16th St Unit 1, Newark, NJ 07103 and is currently estimated at $680,094, approximately $485 per square foot. 513 S 16th St Unit 1 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Lincoln Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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