NOT LISTED FOR SALE

531 S 18th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $499,000 - $696,000

-- Bed
-- Bath
-- Sq Ft
2,500 Sq Ft Lot

Last Sold December 22, 2023

Last sale price $450,000

Est. 31% increase in value since last sale

Current estimated payment $4,001/month

104 Days on Market

About This Home

As of December 2023

This home is located at 531 S 18th St, Newark, NJ 07103 since 16 June 2023 and is currently estimated at $588,674. This property was built in 2005. 531 S 18th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

Last Listed By

Damon Redmond

COLDWELL BANKER REALTY Brokerage Phone: 973-623-1001 Listed on: 06/16/2023

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,477

Year Built

  • Built in 2005

Lot Details

  • 2,500 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,477

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Year Built: 2005
  • County Name: Essex
  • Street Number Display: 531
  • I D: 5228116
  • Modified: 2024-12-23
  • Number Images: 1
  • Attribution Contact: 973-623-1001
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 2500 SF
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Dec 13, 2023
Sold by
Capc Affordable Rental Fund Ll
Bought by
Qmark Holdings Llc
Seller's Agent
Damon Redmond
COLDWELL BANKER REALTY
Buyer's Agent
Damon Redmond
COLDWELL BANKER REALTY
List Price
$595,000
Sold Price
$450,000
Premium/Discount to List
-$145,000
-24.37%
Total Days on Market
104
Views
64
Current Estimated Value
$588,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,674
Avg. Annual Appreciation
24.25%
Original Mortgage
$447,825
Interest Rate
7.44%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 19, 2017
Sold by
Community Asset Preservation Corporation
Bought by
Capc Affordable Rental Fund Llc

Purchase Details

Closed on
Aug 2, 2010
Sold by
Federal National Mortgage Association
Bought by
Community Asset Preservation Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2010
Sold by
Chase Home Finance Llc
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2009
Sold by
Morel Gisela
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Feb 14, 2006
Sold by
Techniquest Construction Llc
Bought by
Morel Gisela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,400
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 14, 2004
Sold by
Feldsan Equities Ii Llc
Bought by
Techniquest Construction 1 Llc

Purchase Details

Closed on
Dec 17, 1992
Sold by
Frost Barry W
Bought by
Federal Fnancial Co

Purchase Details

Closed on
Mar 10, 1992
Sold by
Fontoura Armando B Sheriff
Bought by
General Home Financial Services Inc

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 Buyer Sale Price Title Company
Qmark Holdings Llc $465,000 Riverside Abstract
Capc Affordable Rental Fund Llc -- None Available
Community Asset Preservation Corp $100,000 None Available
Federal National Mortgage Association -- None Available
Chase Home Finance Llc -- None Available
Morel Gisela $428,000 --
Techniquest Construction 1 Llc $83,500 --
Feldsan Equities Ii Llc $64,000 --
Federal Fnancial Co $5,700 --
General Home Financial Services Inc $9,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qmark Holdings Llc $469,000
Closed Qmark Holdings Llc $447,825
Previous Owner Community Asset Preservation Corp $3,400,000
Previous Owner Federal National Mortgage Association $600,000
Previous Owner Morel Gisela $342,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $450,000 -20.4% --
09/28/2023 09/28/23 Pending -- -- --
08/21/2023 08/21/23 Price Changed $565,250 -5.0% --
06/16/2023 06/16/23 For Sale $595,000 -- --
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 $8,477 $227,400 $31,300 $196,100
2022 $8,496 $227,400 $31,300 $196,100
2021 $8,491 $227,400 $31,300 $196,100
2020 $8,641 $227,400 $31,300 $196,100
2019 $8,553 $227,400 $31,300 $196,100
2018 $8,398 $227,400 $31,300 $196,100
2017 $8,095 $227,400 $31,300 $196,100
2016 $7,823 $227,400 $31,300 $196,100
2015 $7,525 $227,400 $31,300 $196,100
2014 $7,052 $227,400 $31,300 $196,100
Source: Public Records

Agents Affiliated with this Home

  • Damon Redmond

    Seller's Agent in 2023

    Damon Redmond

    COLDWELL BANKER REALTY

    (201) 294-1154

    3 in this area

    10 Total Sales

    Damon Redmond
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3850043

Garden State MLS

APN: 14-00336-0000-00016

New Jersey Essex County Newark 07103 West Side

531 S 18th St, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 531 S 18th St, Newark, NJ 07103 since 16 June 2023 and is currently estimated at $588,674. This property was built in 2005. 531 S 18th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Lincoln Elementary School, and Louise A. Spencer School.

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