NOT LISTED FOR SALE

71 Hobson St Unit 2 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $590,000 - $635,000

-- Bed
3 Baths
-- Sq Ft
37 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $450,000

Est. 35% increase in value since last sale

Current estimated payment $4,091/month

16 Days on Market

About This Home

As of April 2022

This home is located at 71 Hobson St Unit 2, Newark, NJ 07112 since 15 February 2022 and is currently estimated at $608,333. This property was built in 1925. 71 Hobson St Unit 2 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

ARUN KUMAR PATEL

EXIT PLATINUM REALTY Brokerage Phone: 973-746-4777 Listed on: 02/15/2022

Last Buyer's Agent

BENJAMIN CASABLANCA JR

SIGNATURE REALTY NJ

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,230

Year Built

  • Built in 1925

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,230

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Essex
  • Street Number Display: 71
  • I D: 5125677
  • Modified: 2023-04-30
  • Number Images: 1
  • Attribution Contact: 973-746-4777
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.6X104
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Apr 28, 2022
Sold by
Pamela Joseph
Bought by
Reina Iquell and Reina Ayeesha
Seller's Agent
ARUN KUMAR PATEL
EXIT PLATINUM REALTY
Buyer's Agent
BENJAMIN CASABLANCA JR
SIGNATURE REALTY NJ
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$608,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,333
Avg. Annual Appreciation
9.16%

Purchase Details

Closed on
Nov 7, 1997
Sold by
Denard Lillian
Bought by
Joseph Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 23, 1991
Sold by
Denard Denard L and Denard Davis,L
Bought by
Denard Denard C and Denard L

Purchase Details

Closed on
Sep 23, 1988
Sold by
Denard Clyde
Bought by
Denard Lillian
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 Buyer Sale Price Title Company
Reina Iquell $450,000 Stewart Title Guaranty Company
Joseph Pamela $87,500 --
Denard Denard C -- --
Denard Lillian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joseph Pamela $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $450,000 0.0% --
03/03/2022 03/03/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $450,000 -- --
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 $10,230 $274,400 $27,900 $246,500
2024 $10,230 $274,400 $27,900 $246,500
2022 $7,259 $194,300 $27,900 $166,400
2021 $7,255 $194,300 $27,900 $166,400
2020 $7,383 $194,300 $27,900 $166,400
2019 $7,308 $194,300 $27,900 $166,400
2018 $7,176 $194,300 $27,900 $166,400
2017 $6,917 $194,300 $27,900 $166,400
2016 $6,684 $194,300 $27,900 $166,400
2015 $6,429 $194,300 $27,900 $166,400
2014 $6,025 $194,300 $27,900 $166,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    ARUN KUMAR PATEL

    EXIT PLATINUM REALTY

  • B

    Buyer's Agent in 2022

    BENJAMIN CASABLANCA JR

    SIGNATURE REALTY NJ

See All Agents

Map

Source: Garden State MLS

MLS Number: 3763928

Garden State MLS

APN: 14-03065-0000-00031

New Jersey Essex County Newark 07112 Weequahic

71 Hobson St Unit 2, Newark, NJ

This home is located at 71 Hobson St Unit 2, Newark, NJ 07112 since 15 February 2022 and is currently estimated at $608,333. This property was built in 1925. 71 Hobson St Unit 2 is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Chancellor Avenue School, and Belmont Runyon School.

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