$160,000
SOLD OCT 28, 2020
-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Recently Sold

10% Above List Price

253 Days on Market

About This Home

As of February 2024

This home is located at 525 S 16th St, Newark, NJ 07103 and is currently priced at $160,000. 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.

Last Agent to Sell the Property

JASON ALAN AMENDOLIA

CENTURY 21 PREFERRED REALTY, INC Brokerage Phone: 973-838-3600 Listed on: 01/27/2020

Co-Listed By

JULIO MUNOZ

TERRIE O'CONNOR REALTORS Brokerage Phone: 973-838-3600

Last Buyer's Agent

CYNTHIA WOODY JORDAN

RE/MAX FIRST REALTY II

RE/MAX FIRST REALTY II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,608

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,608

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 525
  • I D: 4958156
  • Modified: 2021-10-29
  • Number Images: 0
  • Attribution Contact: 973-838-3600
  • 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

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
Views
24
Current Estimated Value
$548,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,384
Avg. Annual Appreciation
6.58%

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

Purchase Details

Listed on
Jan 27, 2020
Closed on
Oct 19, 2020
Sold by
Residential Capital Management Group Lp
Bought by
Mango Management Llc
Seller's Agent
JASON ALAN AMENDOLIA
CENTURY 21 PREFERRED REALTY, INC
Buyer's Agent
CYNTHIA WOODY JORDAN
RE/MAX FIRST REALTY II
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
29.54%
Original Mortgage
$249,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 12, 2008
Sold by
James Raquel
Bought by
Icon Financial Services Inc

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

Purchase Details

Closed on
Jul 26, 2000
Sold by
City Of Newark
Bought by
Born Asiatic Inc

Purchase Details

Closed on
Mar 12, 1996
Sold by
Centerbank Mtg
Bought by
Bayview Realty

Purchase Details

Closed on
Nov 15, 1990
Sold by
Warriner Ayn
Bought by
Stern Ayn
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 Type Sale Price Title Company
Bargain Sale Deed $500,000 None Listed On Document
Deed $420,000 Legend Title Llc
Bargain Sale Deed $160,000 Belmont Ttl & Setmnt Svcs Ll
Deed -- None Available
Deed $370,000 --
Deed $14,000 --
Deed $14,000 --
Deed $3,500 --
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Previous Owner $405,982 FHA
Previous Owner $249,000 Construction
Previous Owner $296,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $500,000 -4.8% --
02/15/2024 02/15/24 Pending -- -- --
01/29/2024 01/29/24 Price Changed $525,000 +5.0% --
01/29/2024 01/29/24 For Sale $500,000 0.0% --
01/29/2024 01/29/24 Pending -- -- --
01/28/2024 01/28/24 Off Market $500,000 -- --
01/23/2024 01/23/24 For Sale $500,000 +212.5% --
10/28/2020 10/28/20 Sold $160,000 +10.3% --
10/06/2020 10/06/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $145,000 -9.4% --
09/23/2020 09/23/20 Off Market $160,000 -- --
09/21/2020 09/21/20 For Sale $145,000 0.0% --
01/27/2020 01/27/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $145,000 -- --
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 $12,608 $290,000 $31,300 $258,700
2024 $12,608 $338,200 $31,300 $306,900
2023 $12,635 $338,200 $31,300 $306,900
2022 $12,635 $338,200 $31,300 $306,900
2021 $5,601 $150,000 $31,300 $118,700
2020 $5,700 $150,000 $31,300 $118,700
2019 $6,247 $166,100 $31,300 $134,800
2018 $6,134 $166,100 $31,300 $134,800
2017 $5,913 $166,100 $31,300 $134,800
2016 $5,714 $166,100 $31,300 $134,800
2015 $5,496 $166,100 $31,300 $134,800
2014 $5,151 $166,100 $31,300 $134,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3612314

Garden State MLS

APN: 14-00334-0000-00017