NOT LISTED FOR SALE

881-883 S 18th St Newark, NJ 07108

Clinton Hill Neighborhood

Estimated Value: $572,327

5 Beds
3 Baths
-- Sq Ft
3,354 Sq Ft Lot

Last Sold October 26, 2022

Last sale price $400,000

Est. 43% increase in value since last sale

Current estimated payment $3,951/month

48 Days on Market

About This Home

As of October 2022

Recently renovated 2 family property with a bonus level. 1st floor rented for $1500 and 2nd floor is paying $2400. All new water heaters and New furnaces. Perfect property for an owner occupant looking to house hack living expense or investor looking to grow portfolio

Last Agent to Sell the Property

Naeem Boucher

EXP Realty, LLC Listed on: 07/12/2022

EXP Realty, LLC

Last Buyer's Agent

Naeem Boucher

EXP Realty, LLC Listed on: 07/12/2022

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,833

Lot Details

  • 3,354

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00022 / 03014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,833

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: Madison St to S 18th St
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

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

Utilities

  • Utilities: Natural Gas Connected

Tax Info

  • Tax Annual Amount: 5833.0
  • Tax Block: 03014
  • Tax Lot: 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2024
Sold by
881 S 18 Llc
Bought by
881-883 S 18 Ave 4118 Newark Llc
Current Estimated Value
$572,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$592,136
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,286

Purchase Details

Closed on
Feb 9, 2023
Sold by
Landau Abraham Shiya
Bought by
881 S 18 Llc

Purchase Details

Listed on
Jul 12, 2022
Closed on
Nov 30, 2022
Sold by
881 S 18 Llc
Bought by
Landau Abraham Shiya
Seller's Agent
Naeem Boucher
EXP Realty, LLC
Buyer's Agent
Naeem Boucher
EXP Realty, LLC
List Price
$449,000
Sold Price
$400,000
Premium/Discount to List
-$49,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%
Original Mortgage
$502,500
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2022
Closed on
Oct 24, 2022
Sold by
Gatyas Kyle
Bought by
881 S 18 Llc
Seller's Agent
Naeem Boucher
EXP Realty, LLC
Buyer's Agent
Naeem Boucher
EXP Realty, LLC
List Price
$449,000
Sold Price
$400,000
Premium/Discount to List
-$49,000
-10.91%

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
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2020
Sold by
883 South 18Th Street Development Llc
Bought by
Gatyas Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 2020
Sold by
Hankins Jerry
Bought by
883 South 18Th Development Llc

Purchase Details

Closed on
Aug 23, 2004
Sold by
Mcguire Ozie
Bought by
Hankins Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,064
Interest Rate
6.08%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
881-883 S 18 Ave 4118 Newark Llc -- None Listed On Document
881 S 18 Llc -- None Listed On Document
Landau Abraham Shiya -- --
881 S 18 Llc $400,000 --
Gatyas Kyle $350,000 Stewart Title
883 South 18Th Development Llc $105,000 Opal Title Services Llc
Hankins Jerry $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 881-883 S 18 Ave 4118 Newark Llc $600,000
Previous Owner 881 S 18 Llc $63,000
Previous Owner Landau Abraham Shiya $502,500
Previous Owner Gatyas Kyle $343,660
Previous Owner Hankins Jerry $187,064
Closed 883 South 18Th Development Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Sold $400,000 +0.3% --
08/29/2022 08/29/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $399,000 -11.1% --
07/12/2022 07/12/22 For Sale $449,000 -- --
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 $10,289 $276,000 $12,300 $263,700
2024 $10,289 $276,000 $12,300 $263,700
2023 $10,311 $276,000 $12,300 $263,700
2022 $10,311 $276,000 $12,300 $263,700
2021 $10,306 $276,000 $12,300 $263,700
2020 $5,833 $153,500 $12,300 $141,200
2019 $5,773 $153,500 $12,300 $141,200
2018 $5,669 $153,500 $12,300 $141,200
2017 $5,465 $153,500 $12,300 $141,200
2016 $5,280 $153,500 $12,300 $141,200
2015 $5,079 $153,500 $12,300 $141,200
2014 $4,760 $153,500 $12,300 $141,200
Source: Public Records

Agents Affiliated with this Home

  • Naeem Boucher

    Seller's Agent in 2022

    Naeem Boucher

    EXP Realty, LLC

    (973) 405-0095

    3 in this area

    76 Total Sales

    Naeem Boucher
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Map

Source: New Jersey MLS

MLS Number: 22025984

New Jersey MLS

APN: 14-03014-0000-00022

New Jersey Essex County Newark 07108 Clinton Hill

881-883 S 18th St, Newark, NJ

This home is located at 881-883 S 18th St, Newark, NJ 07108 since 12 July 2022 and is currently priced at $572,327. 881-883 S 18th 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.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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