NOT LISTED FOR SALE

785 S 16th St Newark, NJ 07103

West Side Neighborhood

Estimated Value: $564,708 - $634,000

6 Beds
2 Baths
2,827 Sq Ft
$207/Sq Ft Est. Value

About This Home

This home is located at 785 S 16th St, Newark, NJ 07103 and is currently estimated at $586,177, approximately $207 per square foot. 785 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Mcpherson Milton
Bought by
South 785 Llc
Current Estimated Value
$586,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$436,690
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$149,487

Purchase Details

Closed on
Apr 9, 2021
Sold by
Mcpherson Melonie
Bought by
Mcpherson Milton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,865
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2017
Sold by
785 South 16 Th Llc
Bought by
Mcpherson Melonie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,743
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 8, 2013
Sold by
Wall Street Development I Nvestment Co M
Bought by
Elvy Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.22%

Purchase Details

Closed on
Jul 26, 2013
Bought by
Elvy Danny

Purchase Details

Closed on
Jul 20, 2010
Sold by
Blue Asset Management Pool 1 Llc
Bought by
Wall Street Development & Investment Com

Purchase Details

Closed on
Jan 4, 2010
Sold by
Delouis Maniolita
Bought by
Blue Asset Management Pool 1 Llc

Purchase Details

Closed on
Feb 9, 2006
Sold by
Lala Risikat
Bought by
Momo Mohammed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,750
Interest Rate
8.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 15, 2003
Sold by
L&Aq Management Svc Inc
Bought by
Lala Risikat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,914
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2002
Sold by
Fv 1 Inc
Bought by
L & A Management Srvc Inc

Purchase Details

Closed on
Apr 10, 2002
Sold by
Equicredit Corp Of America
Bought by
Fv 1 Inc

Purchase Details

Closed on
Dec 15, 1997
Sold by
Shoulars Leroy
Bought by
Spruill Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.08%

Purchase Details

Closed on
Apr 28, 1989
Sold by
Brantley Stephanie
Bought by
Shoulars Leroy and Shoulars Andrea D
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
South 785 Llc $550,000 None Listed On Document
Mcpherson Milton $345,000 Main Street Title
Mcpherson Melonie $235,000 Ist Rate Title & Settlement
Elvy Danny $200,000 --
Elvy Danny $200,000 --
Wall Street Development & Investment Com $50,000 Multiple
Blue Asset Management Pool 1 Llc -- None Available
Momo Mohammed $245,000 --
Lala Risikat $135,000 --
L & A Management Srvc Inc $70,500 --
Fv 1 Inc -- --
Spruill Manuel $90,000 --
Shoulars Leroy $68,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open South 785 Llc $440,000
Previous Owner Mcpherson Milton $282,865
Previous Owner Mcpherson Melonie $8,297
Previous Owner Dlp Lending Fund Llc $0
Previous Owner Mcpherson Melonie $230,743
Previous Owner 785 South 16Th Llc $130,000
Previous Owner Elvy Danny --
Previous Owner Wall Street Development & Investment Com $95,000
Previous Owner Momo Mohammed $232,750
Previous Owner Lala Risikat I $158,300
Previous Owner Lala Risikat $132,914
Previous Owner Spruill Manuel $72,000
Source: Public Records

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 $9,741 $261,300 $32,300 $229,000
2023 $9,762 $261,300 $32,300 $229,000
2022 $9,762 $261,300 $32,300 $229,000
2021 $5,086 $136,200 $32,300 $103,900
2020 $5,176 $136,200 $32,300 $103,900
2019 $5,122 $136,200 $32,300 $103,900
2018 $5,030 $136,200 $32,300 $103,900
2017 $4,849 $136,200 $32,300 $103,900
2016 $4,685 $136,200 $32,300 $103,900
2015 $4,507 $136,200 $32,300 $103,900
2014 $4,224 $136,200 $32,300 $103,900
Source: Public Records

Map

New Jersey Essex County Newark 07103 West Side

785 S 16th St, Newark, NJ

This home is located at 785 S 16th St, Newark, NJ 07103 and is currently estimated at $586,177, approximately $207 per square foot. 785 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.

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.

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