This home is located at 525 S 16th St, Newark, NJ 07103 since 23 January 2024 and is currently estimated at $525,963. This property was built in 1911. 525 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.
RE/MAX DIAMOND REALTORSBrokerage Phone: 732-297-1100Listed on: 01/23/2024
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$12,608
Year Built
Built in 1911
Lot Details
2,614 Sq Ft Lot
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$12,608
Year Built
Built in 1911
Lot Details
0
Listing Details
Year Built: 1911
County Name: Essex
Street Number Display: 525
I D: 5265570
Modified: 2025-02-17
Number Images: 1
Attribution Contact: 732-297-1100
MLS Status: Sold
Special Features: None
Property Sub Type: MultiFamily
Lot Info
Lot Size: 25X100
Total Acres: 0.06
Ownership History
DateNameOwned ForOwner Type
Feb 2024 - Present525 South 16 Llc1 Year and 3 Months
Company
Purchase Details
Listed on
Jan 23, 2024
Closed on
Feb 14, 2024
Sold by
Brooks Anthony B
Bought by
525 South 16 Llc
Seller's Agent
KIM PRIMUS
RE/MAX DIAMOND REALTORS
Buyer's Agent
KIM PRIMUS
RE/MAX DIAMOND REALTORS
List Price
$500,000
Sold Price
$500,000
Total Days on Market
23
Views
24
Current Estimated Value
$525,963
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,963
Avg. Annual Appreciation
4.07%
Jul 2021 - Feb 2024Brooks Anthony B2 Years and 7 Months
Private Individual
Purchase Details
Closed on
Jul 13, 2021
Sold by
Mango Management Llc
Bought by
Brooks Anthony B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,982
Interest Rate
3%
Mortgage Type
FHA
Oct 2020 - Jul 2021Mango Management Llc9 Months
Company
Purchase Details
Listed on
Sep 23, 2020
Closed on
Oct 19, 2020
Sold by
Residential Capital Management Group Lp
Bought by
Mango Management Llc
Seller's Agent
Jason Amendolia
Century 21 Preferred Realty, Union
Buyer's Agent
Outside Agent
Outside Office
List Price
$145,000
Sold Price
$160,000
Premium/Discount to List
$15,000
10.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.82%
Original Mortgage
$249,000
Interest Rate
2.8%
Mortgage Type
Construction
Aug 2008 - Oct 2020Icon Financial Services Inc12 Years and 2 Months
Company
Purchase Details
Closed on
Aug 12, 2008
Sold by
James Raquel
Bought by
Icon Financial Services Inc
Jul 2005 - Aug 2008James Raquel3 Years and 1 Month
Private Individual
Purchase Details
Closed on
Jul 26, 2005
Sold by
Born Asiatic Inc
Bought by
James Raquel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.54%
Mortgage Type
New Conventional
Jul 2000 - Jul 2005Born Asiatic Inc5 Years
Private Individual
Purchase Details
Closed on
Jul 26, 2000
Sold by
City Of Newark
Bought by
Born Asiatic Inc
Mar 1996 - Jul 2000Bayview Realty4 Years and 4 Months
Private Individual
Purchase Details
Closed on
Mar 12, 1996
Sold by
Centerbank Mtg
Bought by
Bayview Realty
Nov 1990 - Mar 1996Stern Ayn5 Years and 4 Months
Private Individual
Purchase Details
Closed on
Nov 15, 1990
Sold by
Warriner Ayn
Bought by
Stern Ayn
Range of Values:
Collateral Analytics
Collateral Analytics
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ICE
ICE Mortgage Technology
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First American
First American
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Quantarium
Quantarium
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Average Value
Not Available
List Price
Sold Price
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This four-family property located in the bustling heart of Newark, New Jersey, offers a unique investment opportunity with substantial income potential. Each unit features two bedrooms and one bathroom, boasting spacious layouts and modern amenities. l. Conveniently situated near public transportation, local shops, and essential services, this property promises a steady rental market. The
CHRISTOPHER VELASTEGUIKeller Williams City Views Realty
Tax AssessmentTax 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.
This home is located at 525 S 16th St, Newark, NJ 07103 since 23 January 2024 and is currently estimated at $525,963. This property was built in 1911. 525 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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