NOT LISTED FOR SALE

583-585 S 18th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $674,000 - $844,000

-- Bed
-- Bath
-- Sq Ft
5,075 Sq Ft Lot

Last Sold February 12, 2021

Last sale price $465,000

Est. 62% increase in value since last sale

Current estimated payment $5,126/month

22 Days on Market

About This Home

As of February 2021

This home is located at 583-585 S 18th St, Newark, NJ 07103 since 06 October 2020 and is currently estimated at $751,589. This property was built in 2006. 583-585 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

Michael Rosa

ROSA AGENCY Brokerage Phone: 973-589-7550 Listed on: 10/06/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,027

Year Built

  • Built in 2006

Lot Details

  • 5,075 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,027

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Year Built: 2006
  • County Name: Essex
  • Street Number Display: 583-585
  • I D: 5022594
  • Modified: 2022-02-13
  • Number Images: 1
  • Attribution Contact: 973-589-7550
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 5075 SF
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Feb 5, 2021
Sold by
Fonseca Ailton and Fonseca Katia Alves
Bought by
Ogundare Femi and Olawumi Olusola
Seller's Agent
Michael Rosa
ROSA AGENCY
Buyer's Agent
VICTORIA AFIA AGYEMAN
COLDWELL BANKER REALTY
List Price
$399,000
Sold Price
$465,000
Premium/Discount to List
$66,000
16.54%
Total Days on Market
22
Current Estimated Value
$751,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,589
Avg. Annual Appreciation
11.84%
Original Mortgage
$456,577
Outstanding Balance
$411,739
Interest Rate
2.65%
Mortgage Type
FHA
Estimated Equity
$339,850

Purchase Details

Closed on
Aug 17, 2006
Sold by
Amity Homes Ii Llc
Bought by
Fonseca Ailton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.79%
Mortgage Type
New Conventional

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 Buyer Sale Price Title Company
Ogundare Femi $465,000 Prestige Title Agency Inc
Fonseca Ailton $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ogundare Femi $456,577
Previous Owner Fonseca Ailton $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $465,000 +16.5% --
10/28/2020 10/28/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $399,000 -- --
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 $11,027 $295,800 $34,500 $261,300
2022 $11,051 $295,800 $34,500 $261,300
2021 $9,925 $265,800 $34,500 $231,300
2020 $10,100 $265,800 $34,500 $231,300
2019 $9,997 $265,800 $34,500 $231,300
2018 $9,816 $265,800 $34,500 $231,300
2017 $9,462 $265,800 $34,500 $231,300
2016 $9,144 $265,800 $34,500 $231,300
2015 $8,795 $265,800 $34,500 $231,300
2014 $8,242 $265,800 $34,500 $231,300
Source: Public Records

Agents Affiliated with this Home

  • Michael Rosa

    Seller's Agent in 2021

    Michael Rosa

    ROSA AGENCY

    (908) 289-5200

    1 in this area

    132 Total Sales

    Michael Rosa
    Section Image

  • V

    Buyer's Agent in 2021

    VICTORIA AFIA AGYEMAN

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3669654

Garden State MLS

APN: 14-00340-0000-00017

New Jersey Essex County Newark 07103 West Side

583-585 S 18th St, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 583-585 S 18th St, Newark, NJ 07103 since 06 October 2020 and is currently estimated at $751,589. This property was built in 2006. 583-585 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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