$340,000
SOLD FEB 12, 2025
5 Beds
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Recently Sold

7% Above List Price

28 Days on Market

About This Home

As of February 2025

This home is located at 778 S 16th St, Newark, NJ 07103 and is currently priced at $340,000. This property was built in 1920. 778 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Louise A. Spencer School.

Last Agent to Sell the Property

Michelle Tapia

REAL Brokerage Phone: 855-450-0442 Listed on: 09/10/2024

REAL

Last Buyer's Agent

PHILLIP O REIS

RE/MAX NEW MILLENNIUM GROUP

RE/MAX NEW MILLENNIUM GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,271

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,271

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Essex
  • Street Number Display: 778
  • I D: 5311867
  • Modified: 2025-02-12
  • Number Images: 1
  • Attribution Contact: 855-450-0442
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2024
Closed on
Dec 27, 2024
Sold by
1238 Lehigh Street Llc
Bought by
Garcia Jairo J Hernandez
Seller's Agent
Michelle Tapia
REAL
Buyer's Agent
PHILLIP O REIS
RE/MAX NEW MILLENNIUM GROUP
List Price
$318,888
Sold Price
$340,000
Premium/Discount to List
$21,112
6.62%
Views
153
Current Estimated Value
$354,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,490
Avg. Annual Appreciation
10.45%
Original Mortgage
$333,841
Outstanding Balance
$332,969
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
$21,521

Purchase Details

Listed on
May 7, 2021
Closed on
Aug 27, 2021
Sold by
Muhammad Kaleem
Bought by
1238 Lehigh Street Llc
Seller's Agent
STACY KIEVNING
ROSA AGENCY
Buyer's Agent
HUMBERTO DIAZ
COLDWELL BANKER REALTY
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$180,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2015
Sold by
Fontoura Armando B
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 19, 2008
Sold by
Bey Achan S and Bey Naomi
Bought by
Bey Achan S and Bey Naomi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
5.57%
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 Type Sale Price Title Company
Deed $340,000 Stewart Title
Deed $240,000 Realsafe Title Llc
Deed $240,000 New Title Company Name
Personal Reps Deed $185,522 None Available
Interfamily Deed Transfer -- Chancellor Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $333,841 FHA
Previous Owner $255,000 New Conventional
Previous Owner $215,000 New Conventional
Previous Owner $180,000 Commercial
Previous Owner $15,000 No Value Available
Previous Owner $15,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $143,000 Unknown
Previous Owner $136,000 Adjustable Rate Mortgage/ARM
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $340,000 +6.6% --
10/08/2024 10/08/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $318,888 +32.9% --
09/07/2021 09/07/21 Sold $240,000 -9.4% --
08/30/2021 08/30/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $265,000 +10.4% --
07/07/2021 07/07/21 Off Market $240,000 -- --
05/07/2021 05/07/21 For Sale $265,000 +1132.6% --
02/25/2016 02/25/16 Sold $21,500 -2.3% $14 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
12/30/2015 12/30/15 For Sale $22,000 -- $14 / Sq Ft
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 $5,271 $141,400 $31,300 $110,100
2022 $4,461 $119,400 $31,300 $88,100
2021 $4,458 $119,400 $31,300 $88,100
2020 $4,537 $119,400 $31,300 $88,100
2019 $4,491 $119,400 $31,300 $88,100
2018 $4,409 $119,400 $31,300 $88,100
2017 $4,251 $119,400 $31,300 $88,100
2016 $4,107 $119,400 $31,300 $88,100
2015 $3,951 $119,400 $31,300 $88,100
2014 $3,703 $119,400 $31,300 $88,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3923137

Garden State MLS

APN: 14-02635-0000-00033