NOT LISTED FOR SALE

878 S 16th St Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $528,000 - $694,000

-- Bed
-- Bath
-- Sq Ft
32 Sq Ft Lot

Last Sold March 30, 2022

Last sale price $375,000

Est. 60% increase in value since last sale

Current estimated payment $3,931/month

4 Days on Market

About This Home

As of March 2022

This home is located at 878 S 16th St, Newark, NJ 07108 since 22 February 2022 and is currently estimated at $599,146. This property was built in 1906. 878 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Chancellor Avenue School.

Last Listed By

Albert Ukaigwe

HOME KING REALTY CORP. Brokerage Phone: 973-762-9311 Listed on: 02/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,927

Year Built

  • 1906

Lot Details

  • 32 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,927

Year Built

1906

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 878
  • I D: 5131852
  • Modified: 2023-03-31
  • Number Images: 0
  • Attribution Contact: 973-762-9311
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1906

Lot Info

  • Lot Size: 32.10X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2022
Sold by
Rosman Raizi
Bought by
Izze Housing Llc
Total Days on Market
4
Current Estimated Value
$599,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2016
Sold by
Sharhabi Yona
Bought by
Smalls Shakeem K and Ortiz Victor M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,758
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2015
Closed on
Mar 6, 2015
Sold by
Boston Marci
Bought by
Sharhabi Yona
Sold Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.67%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Newark, NJ

  • 61-63 Wainwright St, Newark, NJ 07112

    $669,999

    • Studio
    • 3,222 Sq Ft
    • 61-63 Wainwright St
    • Newark, NJ

    Are you seeking to owner-occupy or rent an income producing property? this is the perfect opportunity to do BOTH. This property has low taxes $7,073. The property has separate entrances. There are separate electrical panels, hot water heaters and furnaces for each unit of the home. The location is conveniently located near route 78,GSP, Newark Airport, schools and transportation. This

    Sylvia Robinson-Boyer HomeSmart First Advantage Realty

    Section Image
  • 287 Garside St, Newark, NJ 07104

    $699,000

    • Studio
    • 3,700 Sq Ft
    • 287 Garside St
    • Newark, NJ

    Welcome to 287 Garside, a spacious two-family home situated in one of Newark's most convenient and sought-after neighborhoods. This versatile property offers remarkable potential for both investors and those looking to occupy a unit themselves.Each unit boasts a generous layout, providing ample living space with a total of 8 bedrooms and 5 full bathrooms across the home. The finished basement

    Chris McFarland EXP Realty, LLC

    Section Image
See All Homes in Newark

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
Izze Housing Llc -- --
Rosman Raizi -- --
Smalls Shakeem K $340,000 None Available
Smalls Shakeem K $340,000 None Available
Sharhabi Yona $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosman Raizi $502,500
Previous Owner Smalls Shakeem K $314,758
Previous Owner Smalls Shakeem K $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $375,000 +25.0% --
02/26/2022 02/26/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $300,000 +200.0% --
03/10/2015 03/10/15 Sold $100,000 -- --
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 $6,927 $185,800 $12,300 $173,500
2022 $6,941 $185,800 $12,300 $173,500
2021 $6,938 $185,800 $12,300 $173,500
2020 $7,060 $185,800 $12,300 $173,500
2019 $6,988 $185,800 $12,300 $173,500
2018 $6,862 $185,800 $12,300 $173,500
2017 $6,614 $185,800 $12,300 $173,500
2016 $6,392 $185,800 $12,300 $173,500
2015 $6,148 $185,800 $12,300 $173,500
2014 $5,762 $185,800 $12,300 $173,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Albert Ukaigwe

    HOME KING REALTY CORP.

    (973) 441-4341

    3 in this area

    12 Total Sales

    Albert Ukaigwe
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3765701

Garden State MLS

APN: 14-03011-0000-00073

New Jersey Essex County Newark 07108 Clinton Hill

878 S 16th St, Newark, NJ

Homes for Sale in Newark, NJ

This home is located at 878 S 16th St, Newark, NJ 07108 since 22 February 2022 and is currently estimated at $599,146. This property was built in 1906. 878 S 16th St is a home located in Essex County with nearby schools including Hawthorne Avenue Elementary School, Belmont Runyon School, and Chancellor Avenue 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes