NOT LISTED FOR SALE

588 S 10th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $614,000 - $682,000

6 Beds
4 Baths
-- Sq Ft
2,449 Sq Ft Lot

Last Sold August 08, 2022

Last sale price $495,000

Est. 31% increase in value since last sale

Current estimated payment $4,557/month

113 Days on Market

About This Home

As of August 2022

Rare Opportunity to own this Diamond in the rough! Great Investment Property. Sold AS-IS. Great Income Producer. Take advantage of this rare opportunity to transform this 4-family 2-story, brick building into a true moneymaking machine. Property need to be renovated, but it has great potential. This property is ideal for an investor or owner occupant

Last Agent to Sell the Property

Felicia Hankerson

Real Listed on: 12/21/2021

Real

Last Buyer's Agent

Felicia Hankerson

Real Listed on: 12/21/2021

Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,030

Lot Details

  • 2,449 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00084 / 00307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,030

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 908-514-4105
  • MLS Status: Sold - Sold
  • Directions: Springfield Ave to S 10th St
  • Architectural Style: 4 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Remarks: Unfinished

Exterior Features

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

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2449.0

Tax Info

  • Tax Annual Amount: 6030.0
  • Tax Block: 00307
  • Tax Lot: 00084

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
Oct 6, 2022
Sold by
588 S 10 Holdings Llc
Bought by
Tauber Dina
Seller's Agent
Felicia Hankerson
Real
Buyer's Agent
Felicia Hankerson
Real
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Current Estimated Value
$648,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,115
Avg. Annual Appreciation
9.85%
Original Mortgage
$560,000
Outstanding Balance
$539,659
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$120,899

Purchase Details

Closed on
Jun 4, 2022
Sold by
Charlotte Owusu
Bought by
588 S 10 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.1%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 24, 2013
Closed on
Mar 19, 2013
Sold by
588 South 10Th Assoc
Bought by
Donkor Charlotte
Seller's Agent
Linda Iriarte
UNICASA UNION REALTY INC
Buyer's Agent
Linda Iriarte
UNICASA UNION REALTY INC
Sold Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$230,743
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2009
Sold by
Ramirez Richard and Ruiz Carolina
Bought by
588 South 10Th Associates Llc

Purchase Details

Closed on
Mar 10, 2004
Sold by
Johnson Felton
Bought by
Ramirez Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
5.56%
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
Tauber Dina -- Universal Title
588 S 10 Holdings Llc $490,000 Universal Title
Donkor Charlotte $235,000 --
Donkor Charlotte $235,000 --
Donkor Charlotte $235,000 --
588 South 10Th Associates Llc $33,700 None Available
Ramirez Richard $222,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tauber Dina $560,000
Previous Owner 588 S 10 Holdings Llc $450,000
Previous Owner Donkor Charlotte $230,743
Previous Owner 588 South 10Th Associates Llc $18,000,000
Previous Owner Ramirez Richard $280,000
Previous Owner Ramirez Richard $177,600
Previous Owner Ramiree Richard $20,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2022 08/08/22 Sold $495,000 -1.0% --
04/13/2022 04/13/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $499,900 0.0% --
01/26/2022 01/26/22 Pending -- -- --
12/21/2021 12/21/21 For Sale $499,900 +112.7% --
04/24/2013 04/24/13 Sold $235,000 -- --
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 $12,388 $275,000 $23,700 $251,300
2024 $12,388 $332,300 $23,700 $308,600
2022 $5,929 $158,700 $23,900 $134,800
2021 $5,926 $158,700 $23,900 $134,800
2020 $6,031 $158,700 $23,900 $134,800
2019 $5,969 $158,700 $23,900 $134,800
2018 $5,861 $158,700 $23,900 $134,800
2017 $5,650 $158,700 $23,900 $134,800
2016 $5,459 $158,700 $23,900 $134,800
2015 $5,251 $158,700 $23,900 $134,800
2014 $4,921 $158,700 $23,900 $134,800
Source: Public Records

Agents Affiliated with this Home

  • Felicia Hankerson

    Seller's Agent in 2022

    Felicia Hankerson

    Real

    (973) 868-8076

    2 in this area

    86 Total Sales

    Felicia Hankerson
    Section Image
  • Linda Iriarte

    Seller's Agent in 2013

    Linda Iriarte

    UNICASA UNION REALTY INC

    (973) 519-2875

    120 Total Sales

    Linda Iriarte
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 21048599

New Jersey MLS

APN: 14-00307-0000-00084

New Jersey Essex County Newark 07103 West Side

588 S 10th St, Newark, NJ

This home is located at 588 S 10th St, Newark, NJ 07103 since 21 December 2021 and is currently estimated at $648,115. 588 S 10th St 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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