NOT LISTED FOR SALE

527 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $528,608 - $625,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold October 25, 2019

Last sale price $290,000

Est. 95% increase in value since last sale

Current estimated payment $3,762/month

6 Days on Market

About This Home

As of October 2019

This home is located at 527 S 16th St, Newark, NJ 07103 since 15 October 2019 and is currently estimated at $564,152. This property was built in 1913. 527 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 Listed By

EUGENIA HAMLETT

NEW AND MODERN GROUP Listed on: 10/15/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,258

Year Built

  • Built in 1913

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,258

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Year Built: 1913
  • County Name: Essex
  • Street Number Display: 527
  • I D: 4906992
  • Modified: 2021-09-23
  • Number Images: 0
  • 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

Closed on
Apr 14, 2023
Sold by
Akeredolu Anuoluwapo and Akeredolu Chioma
Bought by
Faith Holdings Llc
Total Days on Market
6
Current Estimated Value
$564,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,140
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2019
Sold by
Hamlett Management Llc
Bought by
Hamlett Eugenia J and Hamlett Edward R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
4.06%

Purchase Details

Closed on
Jan 29, 2015
Bought by
City Of Newark

Purchase Details

Closed on
Apr 11, 2012
Sold by
The Westinghouse Redevelopment Act Inc
Bought by
New Jersey Urban Properties Llc

Purchase Details

Closed on
Jan 29, 2010
Sold by
Federal National Mortgage Association
Bought by
The Westinghouse Redevelopment Act Inc

Purchase Details

Closed on
Jul 21, 2009
Sold by
Concannon John J and Concannon John
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 30, 2007
Sold by
Crown Estates Llc
Bought by
Concannon John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,900
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2004
Sold by
City Of Newark
Bought by
Crown Estates

Purchase Details

Closed on
Oct 7, 1996
Sold by
Vet Affairs
Bought by
Gayot Luc

Purchase Details

Closed on
Mar 18, 1994
Sold by
Williams Eleanor
Bought by
Lavoil Lenard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
7.45%
Mortgage Type
VA

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Newark, NJ

  • 61-63 Wainwright St, Newark, NJ 07112

    $669,999

    • Studio
    • 3,222 Sq Ft
    • 61-63 Wainwright St
    • Newark, NJ

    Are you seeking to owner-occupy or rent an income producing property? this is the perfect opportunity to do BOTH. This property has low taxes $7,073. The property has separate entrances. There are separate electrical panels, hot water heaters and furnaces for each unit of the home. The location is conveniently located near route 78,GSP, Newark Airport, schools and transportation. This

    Sylvia Robinson-Boyer HomeSmart First Advantage Realty

    Section Image
  • 287 Garside St, Newark, NJ 07104

    $699,000

    • Studio
    • 3,700 Sq Ft
    • 287 Garside St
    • Newark, NJ

    Welcome to 287 Garside, a spacious two-family home situated in one of Newark's most convenient and sought-after neighborhoods. This versatile property offers remarkable potential for both investors and those looking to occupy a unit themselves.Each unit boasts a generous layout, providing ample living space with a total of 8 bedrooms and 5 full bathrooms across the home. The finished basement

    Chris McFarland EXP Realty, LLC

    Section Image
See All Homes in Newark

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
Faith Holdings Llc -- Clear Skies Title
Hamlett Eugenia J -- --
City Of Newark -- --
New Jersey Urban Properties Llc -- None Available
The Westinghouse Redevelopment Act Inc $31,000 None Available
Federal National Mortgage Association -- First American Title Ins Co
Concannon John $314,900 First American Title Ins Co
Crown Estates $20,000 --
Gayot Luc $3,200 --
Lavoil Lenard $77,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faith Holdings Llc $427,500
Closed Faith Holdings Llc $419,140
Previous Owner Akeredolu Anuoluwapo $278,886
Previous Owner Hamlett Edward R $185,500
Previous Owner Hamett Management Llc $0
Previous Owner Concannon John $314,900
Previous Owner Lavoil Lenard $79,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $290,000 +0.3% --
10/21/2019 10/21/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $289,000 -- --
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
2024 $7,258 $194,700 $31,300 $233,700
2022 $7,274 $194,700 $0 $0
2021 $7,270 $194,700 $0 $0
2020 $7,957 $209,400 $31,300 $178,100
2019 $7,323 $194,700 $31,300 $163,400
2018 $7,190 $194,700 $31,300 $163,400
2017 $5,582 $156,800 $31,300 $125,500
2016 $0 $156,800 $31,300 $125,500
2015 $5,189 $156,800 $31,300 $125,500
2014 $4,862 $156,800 $31,300 $125,500
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    EUGENIA HAMLETT

    NEW AND MODERN GROUP

  • Charod Lee Fitzgerald

    Buyer's Agent in 2019

    Charod Lee Fitzgerald

    UNITED REAL ESTATE

    (908) 612-9111

    2 Total Sales

    Charod Lee Fitzgerald
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3594769

Garden State MLS

APN: 14-00334-0000-00016

New Jersey Essex County Newark 07103 West Side

527 S 16th St, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 527 S 16th St, Newark, NJ 07103 since 15 October 2019 and is currently estimated at $564,152. This property was built in 1913. 527 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.

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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes