NOT LISTED FOR SALE

551 18th Ave Newark, NJ 07103

West Side Neighborhood

Estimated Value: $610,639 - $853,000

9 Beds
3 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold July 21, 2023

Last sale price $460,000

Est. 51% increase in value since last sale

Current estimated payment $4,330/month

27 Days on Market

About This Home

As of July 2023

Investors Dream! 3 family renovated in 2021 seperate utilites. Each unit consisting of 3 bedrooms, 1 bath, living room, eat-in-kitchen. Structual issues being sold strictly "as is, where is " Priced to sell MUST SEE!

Last Agent to Sell the Property

Edward Gelley

Weichert Home City Realty Listed on: 05/16/2023

Last Buyer's Agent

Edward Gelley

Weichert Home City Realty Listed on: 05/16/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,628

Lot Details

  • 2,500 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00002 / 00360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,628

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (973) 741-3000
  • MLS Status: Sold - Sold
  • Directions: S 13th to 18th Ave
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 9

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 7628.0
  • Tax Block: 00360
  • Tax Lot: 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2025
Sold by
551 18Th Avenue Llc
Bought by
551 18 Ave Vmsh Llc
Current Estimated Value
$694,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$722,500
Outstanding Balance
$721,274
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
-$27,114

Purchase Details

Closed on
Jan 11, 2023
Sold by
Sofer Herschy
Bought by
551 18Th Avenue Llc

Purchase Details

Closed on
Sep 10, 2020
Sold by
Hayes Donna and Estate Of Johnoria Hayes
Bought by
Sofer Herschy
Source: Public Records

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
551 18 Ave Vmsh Llc -- None Listed On Document
551 18Th Avenue Llc -- None Listed On Document
Sofer Herschy $185,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 551 18 Ave Vmsh Llc $722,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Sold $460,000 -7.8% --
06/12/2023 06/12/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $499,000 -- --
Source: New Jersey 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 $7,616 $204,300 $28,100 $176,200
2024 $7,616 $204,300 $28,100 $176,200
2022 $7,633 $204,300 $28,100 $176,200
2021 $7,629 $204,300 $28,100 $176,200
2020 $7,763 $204,300 $28,100 $176,200
2019 $7,684 $204,300 $28,100 $176,200
2018 $7,545 $204,300 $28,100 $176,200
2017 $7,273 $204,300 $28,100 $176,200
2016 $7,028 $204,300 $28,100 $176,200
2015 $6,760 $204,300 $28,100 $176,200
2014 $6,335 $204,300 $28,100 $176,200
Source: Public Records

Agents Affiliated with this Home

  • Edward Gelley

    Seller's Agent in 2023

    Edward Gelley

    Weichert Home City Realty

    (973) 666-1113

    2 in this area

    126 Total Sales

    Edward Gelley
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Map

Source: New Jersey MLS

MLS Number: 23014535

New Jersey MLS

APN: 14-00360-0000-00002

New Jersey Essex County Newark 07103 West Side

551 18th Ave, Newark, NJ

This home is located at 551 18th Ave, Newark, NJ 07103 since 16 May 2023 and is currently estimated at $694,160. 551 18th Ave is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Louise A. Spencer School, and Belmont Runyon 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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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