16 New Street

16 New Street has been categorized by the local assessors in Bloomfield, NJ as a residential type of property. The building on the property was first built in 1911 and is 113 years old. The building has a total of 2 stories. In addition, 16 New Street has 1,652 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,300 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 9,200 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16 New Street sold most recently in Apr 5, 2021 for a total of $500,000. If you work out the math, that's approximately a cost of $260.42 per sqft. Before that, the property was also sold for $360,000 in Aug 29, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $13,727 in taxes each year. 16 New Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $428,700. If we break it down further, the land itself was valued at $141,200. Improvements to the property, however, were assessed at a total of $287,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.