NOT LISTED FOR SALE

94 Pennington St Newark, NJ 07105

South Ironbound Neighborhood

Estimated Value: $845,387 - $1,068,000

6 Beds
4 Baths
-- Sq Ft
2,522 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $780,000

Est. 23% increase in value since last sale

Current estimated payment $6,081/month

76 Days on Market

About This Home

As of May 2022

Welcome!!! Welcome!!! Spacious Newer two-family home conveniently located in the sought-after Ironbound section of Newark. Everything is just steps from your door, while close to all major public transportation with "EASY NYC COMMUTE " This well-kept Newer two-family home features: Two apartments Top/Bottom, plus a sizeable recreation room, each apartment has a kitchen-living /Dining room combo, three bedrooms, two full baths, plenty of closet space, hardwood flooring throughout, crown molding, Stainless Steel Appliances, and laundry at ground level. Two car garage with Driveway, Central heating & Air Conditioning, fenced-in cemented large back yard

Last Agent to Sell the Property

Augusto Verissimo

Weichert Home City Realty Listed on: 12/14/2021

Weichert Home City Realty

Last Buyer's Agent

Yolanda Bass

RE/MAX First Realty II

RE/MAX First Realty II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,393

Lot Details

  • 2,522 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00061 / 00924

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,393

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: (973) 741-3000
  • MLS Status: Sold - Sold
  • Directions: Between NJRR & Hermon
  • Architectural Style: 2 Family
  • Year Built Details: 2000's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2522.0

Tax Info

  • Tax Annual Amount: 10393.0
  • Tax Block: 00924
  • Tax Lot: 00061

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
May 24, 2022
Sold by
Fonseca Joaquim and Fonseca Natalina
Bought by
Luna Luis U
Seller's Agent
Augusto Verissimo
Weichert Home City Realty
Buyer's Agent
Yolanda Bass
RE/MAX First Realty II
List Price
$825,000
Sold Price
$780,000
Premium/Discount to List
-$45,000
-5.45%
Current Estimated Value
$958,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,097
Avg. Annual Appreciation
6.29%
Original Mortgage
$624,000
Outstanding Balance
$592,786
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$365,311

Purchase Details

Closed on
Mar 6, 2003

Purchase Details

Closed on
Oct 3, 2002
Sold by
Pennington St Assoc Llc
Bought by
Fonseca Joaquim and Fonseca Natalina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,900
Interest Rate
6.17%

Purchase Details

Closed on
Aug 8, 2002
Sold by
Martins Francisco
Bought by
Pennington St Assoc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,900
Interest Rate
6.17%

Purchase Details

Closed on
May 14, 2001
Sold by
Substitue Rocco
Bought by
Martins Francisco and Martins Manuel
Source: Public Records

Range of Values:

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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
Luna Luis U $780,000 First American Title
-- -- --
Fonseca Joaquim $409,900 --
Pennington St Assoc Llc -- --
Martins Francisco $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luna Luis U $624,000
Previous Owner Fonseca Joaquim $359,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $780,000 -5.5% --
02/28/2022 02/28/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $825,000 -- --
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 $12,023 $322,500 $43,100 $279,400
2024 $12,023 $322,500 $43,100 $279,400
2022 $10,218 $273,500 $44,700 $228,800
2021 $10,212 $273,500 $44,700 $228,800
2020 $10,393 $273,500 $44,700 $228,800
2019 $10,286 $273,500 $44,700 $228,800
2018 $10,100 $273,500 $44,700 $228,800
2017 $9,737 $273,500 $44,700 $228,800
2016 $9,408 $273,500 $44,700 $228,800
2015 $9,050 $273,500 $44,700 $228,800
2014 $8,481 $273,500 $44,700 $228,800
Source: Public Records

Agents Affiliated with this Home

  • Augusto Verissimo

    Seller's Agent in 2022

    Augusto Verissimo

    Weichert Home City Realty

    (973) 420-5317

    60 in this area

    210 Total Sales

    Augusto Verissimo
    Section Image
  • Yolanda Bass

    Buyer's Agent in 2022

    Yolanda Bass

    RE/MAX

    (973) 220-9073

    1 in this area

    19 Total Sales

    Yolanda Bass
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 21047702

New Jersey MLS

APN: 14-00924-0000-00061

New Jersey Essex County Newark 07105 South Ironbound

94 Pennington St, Newark, NJ

This home is located at 94 Pennington St, Newark, NJ 07105 since 14 December 2021 and is currently estimated at $958,097. 94 Pennington St is a home located in Essex County with nearby schools including Oliver Street School, Lafayette Street Elementary School, and Cleveland Elementary 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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