$740,000
SOLD MAY 22, 2025

55 Schley St Newark, NJ 07112

Weequahic Neighborhood
-- Bed
-- Bath
-- Sq Ft
37 Sq Ft Lot

Recently Sold

3% Above List Price

96 Days on Market

About This Home

As of May 2025

This home is located at 55 Schley St, Newark, NJ 07112 and is currently priced at $740,000. 55 Schley St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Chancellor Avenue School, and Belmont Runyon School.

Last Agent to Sell the Property

TOVIA LICHTMAN

KELLER WILLIAMS MID-TOWN DIRECT Brokerage Phone: 973-762-5400 Listed on: 01/22/2025

KELLER WILLIAMS MID-TOWN DIRECT

Last Buyer's Agent

ROI VANA

IMPROOV HOMES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,067

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,067

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5332992
  • Attribution Contact: 973-762-5400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.6X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2025
Closed on
May 15, 2025
Sold by
Katz Joseph M
Bought by
55 Schley Llc
Seller's Agent
TOVIA LICHTMAN
KELLER WILLIAMS MID-TOWN DIRECT
Buyer's Agent
ROI VANA
IMPROOV HOMES
List Price
$719,000
Sold Price
$740,000
Premium/Discount to List
$21,000
2.92%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.47%
Original Mortgage
$518,000
Outstanding Balance
$516,229
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$184,743

Purchase Details

Closed on
Apr 12, 2021
Sold by
Schley Equities Llc
Bought by
Katz Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2020
Sold by
Griffith Anthony W
Bought by
Schley Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.4%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 31, 2005
Sold by
Banks Frederick
Bought by
Griffith Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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 $740,000 1St Rate Title
Deed -- Stewart Title
Deed $260,000 Riverside Abstract Llc
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $518,000 New Conventional
Previous Owner $367,500 New Conventional
Previous Owner $280,000 Construction
Previous Owner $270,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2025 11/09/25 For Rent $2,750 -21.4% --
10/20/2025 10/20/25 For Rent $3,500 0.0% --
05/22/2025 05/22/25 Sold $740,000 +2.9% --
04/28/2025 04/28/25 Pending -- -- --
03/19/2025 03/19/25 For Sale $719,000 0.0% --
03/11/2025 03/11/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $719,000 -- --
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 $8,067 $216,400 $27,900 $188,500
2024 $8,067 $216,400 $27,900 $188,500
2023 $8,085 $216,400 $27,900 $188,500
2022 $8,085 $216,400 $27,900 $188,500
2021 $8,080 $216,400 $27,900 $188,500
2020 $8,223 $216,400 $27,900 $188,500
2019 $8,139 $216,400 $27,900 $188,500
2018 $7,992 $216,400 $27,900 $188,500
2017 $7,704 $216,400 $27,900 $188,500
2016 $7,444 $216,400 $27,900 $188,500
2015 $7,161 $216,400 $27,900 $188,500
2014 $6,711 $216,400 $27,900 $188,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    ROI VANA

    IMPROOV HOMES

  • TOVIA LICHTMAN

    Seller's Agent in 2025

    TOVIA LICHTMAN

    KELLER WILLIAMS MID-TOWN DIRECT

    (347) 470-6144

    27 in this area

    281 Total Sales

    TOVIA LICHTMAN
    Section Image

  • I

    Seller Co-Listing Agent in 2025

    Imbar Meidani

    IMPROOV HOMES

    (347) 543-7377

    2 in this area

    26 Total Sales

    Imbar Meidani
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3942557

Garden State MLS

APN: 14-03083-0000-00034

New Jersey Essex County Newark 07112 Weequahic

55 Schley St, Newark, NJ

Sold

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