NOT LISTED FOR SALE

527 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $529,000 - $581,000

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

Last Sold October 25, 2019

Last sale price $290,000

Est. 91% increase in value since last sale

Current estimated payment $3,527/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 $554,966. 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 Agent to Sell the Property

EUGENIA HAMLETT

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

Last Buyer's Agent

Charod Lee Fitzgerald

UNITED REAL ESTATE

UNITED REAL ESTATE

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
  • I D: 4906992
  • 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
Current Estimated Value
$554,966

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
5.9%
Mortgage Type
Construction

Purchase Details

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

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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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
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
Closed Faith Holdings Llc $419,140
Previous Owner Concannon John $314,900
Previous Owner Lavoil Lenard $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $7,258 $194,700 $31,300 $233,700
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

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

Not Listed for Sale

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