NOT LISTED FOR SALE

569 13th Ave Unit 571 Newark, NJ 07103

Fairmount Neighborhood

Estimated Value: $522,633 - $674,000

7 Beds
4 Baths
2,240 Sq Ft
$263/Sq Ft Est. Value

Last Sold February 05, 2020

Last sale price $392,000 $175 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,022/month

43 Days on Market

About This Home

As of February 2020

This home is located at 569 13th Ave Unit 571, Newark, NJ 07103 since 15 November 2019 and is currently estimated at $589,908, approximately $263 per square foot. This property was built in 1947. 569 13th Ave Unit 571 is a home located in Essex County with nearby schools including Lincoln Elementary School, Hawthorne Avenue Elementary School, and Louise A. Spencer School.

Last Agent to Sell the Property

Jose Quispe

Weichert Quispe Real Estate Listed on: 11/15/2019

Weichert Quispe Real Estate

Last Buyer's Agent

Jose Quispe

Weichert Quispe Real Estate Listed on: 11/15/2019

Weichert Quispe Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 5,001 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built in the 1960s
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 071401790000100001

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: None
  • Views/Exposure: None
  • Year Built: 1960's
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 8
  • Fireplace: None
  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: None
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas, Hot Water
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: O/See Rmks
  • Cooling: Win/AC

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00001
  • Estimated Lot Sq Ft: 5001
  • Lot Description: Regular

Tax Info

  • Tax: 50070
  • Assessor Parcel Number: 071401790000100001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2019
Closed on
Dec 17, 2019
Sold by
Gem Real Estate Solutions
Bought by
Leon Luis
Seller's Agent
Jose Quispe
Weichert Quispe Real Estate
Buyer's Agent
Jose Quispe
Weichert Quispe Real Estate
List Price
$290,000
Sold Price
$392,000
Premium/Discount to List
$102,000
35.17%
Total Days on Market
43
Current Estimated Value
$589,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,908
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Mar 26, 2019
Sold by
569-571 13Th Ave Llc
Bought by
Gem Real Estate Solutions

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,600
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2013
Sold by
Bissar Mohamed M and Brollesy Sayed Brollesy
Bought by
Bissar Mohamed M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.63%

Purchase Details

Closed on
Jun 12, 2009
Sold by
Adejare Adewale
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 30, 2007
Sold by
Jawwaad Haneef N
Bought by
Adejare Adewale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,750
Interest Rate
6.72%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Leon Luis $315,000 Westcore Title
Gem Real Estate Solutions $183,000 Majestic Title Agency Llc
Bissar Mohamed M -- --
Federal National Mortgage Association -- None Available
Adejare Adewale $365,000 Esq Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gem Real Estate Solutions $173,600
Previous Owner Bissar Mohamed M --
Previous Owner Adejare Adewale $346,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2020 02/05/20 Sold $392,000 +35.2% $175 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $290,000 -- $129 / Sq Ft
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
2024 $8,683 $232,900 $25,000 $207,900
2022 $8,701 $232,900 $25,000 $207,900
2021 $8,696 $232,900 $25,000 $207,900
2020 $5,217 $137,300 $25,000 $112,300
2019 $5,164 $137,300 $25,000 $112,300
2018 $5,070 $137,300 $25,000 $112,300
2017 $4,888 $137,300 $25,000 $112,300
2016 $4,723 $137,300 $25,000 $112,300
2015 $4,543 $137,300 $25,000 $112,300
2014 $4,258 $137,300 $25,000 $112,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1951679

New Jersey MLS

APN: 14-01790-01-00001