$185,000
SOLD MAY 23, 2017

55 Nichols St Newark, NJ 07105

South Ironbound Neighborhood
-- Bed
-- Bath
-- Sq Ft
1,307 Sq Ft Lot

Recently Sold

26% Below List Price

62 Days on Market

About This Home

As of November 2022

This home is located at 55 Nichols St, Newark, NJ 07105 and is currently priced at $185,000. 55 Nichols St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

Last Agent to Sell the Property

Dennis Seecharan

AAA COMMUNITY REALTY Brokerage Phone: 201-433-0800 Listed on: 03/01/2017

Last Buyer's Agent

Dennis Seecharan

AAA COMMUNITY REALTY Brokerage Phone: 201-433-0800 Listed on: 03/01/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,918

Lot Details

  • 1,307 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,918

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 55
  • I D: 4692590
  • Modified: 2018-05-24
  • Number Images: 1
  • Attribution Contact: 201-433-0800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 20X75
  • Total Acres: 0.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Oct 31, 2022
Sold by
55 Nichols Llc
Bought by
Shafto Carissa and Shafto Patrick
Seller's Agent
Valeria Martinez
Prominent Properties Sotheby's International Realty-Edgewater
Buyer's Agent
Christopher Lugo-Marrero
Keller Williams Realty - NJ Metro Group
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Current Estimated Value
$673,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,833
Avg. Annual Appreciation
5.93%
Original Mortgage
$431,250
Outstanding Balance
$418,670
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$261,733

Purchase Details

Closed on
Jun 18, 2021
Sold by
Env Management Llc
Bought by
55 Nichols Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 1, 2017
Closed on
May 18, 2017
Sold by
Kunjan Sanita
Bought by
Env Management Llc
Seller's Agent
Dennis Seecharan
AAA COMMUNITY REALTY
Buyer's Agent
Dennis Seecharan
AAA COMMUNITY REALTY
List Price
$249,000
Sold Price
$185,000
Premium/Discount to List
-$64,000
-25.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.86%
Original Mortgage
$135,000
Interest Rate
4.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 27, 2017
Sold by
Wells Fargo Bank National Association
Bought by
Kunjan Sanita

Purchase Details

Closed on
Jan 31, 1996
Sold by
Ragonese Theresa
Bought by
Gasavage Reynard and Gasavage Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.1%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Deed $575,000 True Value Title
Deed $415,000 Sunnyside Title
Deed $165,000 Elite Title Group Llc
Deed $131,250 None Available
Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $431,250 New Conventional
Previous Owner $390,000 Purchase Money Mortgage
Previous Owner $135,000 Purchase Money Mortgage
Previous Owner $140,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $575,000 +4.5% --
09/27/2022 09/27/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $550,000 +197.3% --
05/23/2017 05/23/17 Sold $185,000 -25.7% --
05/02/2017 05/02/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $249,000 -- --
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 $11,918 $319,700 $58,500 $261,200
2024 $11,918 $319,700 $58,500 $261,200
2022 $13,225 $354,000 $58,500 $295,500
2021 $13,218 $354,000 $58,500 $295,500
2020 $15,926 $419,100 $58,500 $360,600
2019 $15,762 $419,100 $58,500 $360,600
2018 $3,715 $100,600 $58,500 $42,100
2017 $3,581 $100,600 $58,500 $42,100
2016 $3,461 $100,600 $58,500 $42,100
2015 $3,329 $100,600 $58,500 $42,100
2014 $3,120 $100,600 $58,500 $42,100
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2022

    Valeria Martinez

    Prominent Properties Sotheby's International Realty-Edgewater

    (973) 885-3625

    1 in this area

    2 Total Sales

    Valeria Martinez
    Section Image

  • C

    Buyer's Agent in 2022

    Christopher Lugo-Marrero

    Keller Williams Realty - NJ Metro Group

    (973) 783-7400

    2 in this area

    16 Total Sales

    Christopher Lugo-Marrero
    Section Image

  • D

    Seller's Agent in 2017

    Dennis Seecharan

    AAA COMMUNITY REALTY

    (201) 680-1280

    10 Total Sales

    Dennis Seecharan
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3367966

Garden State MLS

APN: 14-00959-0000-00069

New Jersey Essex County Newark 07105 South Ironbound

55 Nichols St, Newark, NJ

This home is located at 55 Nichols St, Newark, NJ 07105 and is currently priced at $185,000. 55 Nichols St is a home located in Essex County with nearby schools including Lafayette Street Elementary School, Oliver Street School, and Hawkins Street Elementary School.

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