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196 Fabyan Place

196 Fabyan Place, Newark, NJ 07112
Sold Sep 15, 2021
$450,000
$337,500 by Ark Mortgage Inc
Mortgage Due Oct 01, 2051
Sold Jun 07, 2010
$215,000
$212,143 by Bank Of America Na
Mortgage Due Jun 01, 2040
196 Fabyan Place has been categorized by the local assessors in Newark, NJ as a residential type of property. The building on the property was first built in 1922 and is 102 years old. The building has a total of 2 stories. In addition, 196 Fabyan Place has 3,480 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 1,000 ft and across the front of the lot is 420 ft. The area measurement of the land has been determined as 4,199 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 4 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. 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, 196 Fabyan Place sold most recently in Sep 2, 2021 for a total of $450,000. If you work out the math, that's approximately a cost of $129.31 per sqft. Before that, the property was also sold for $215,000 in May 27, 2010. 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 $11,682 in taxes each year. 196 Fabyan Place was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $312,700. If we break it down further, the land itself was valued at $28,400. Improvements to the property, however, were assessed at a total of $284,300. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 4,199
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 420
  • Total Building Area: 3,480
  • Building Area: 3,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.096
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GOTTLIEB ISREAL
  • Current Owner 2: LICHETSTEIN CHANA
  • Previous Owner : SUBER ANTHONY
  • Owner Before Previous Owner: DLJ MORTGAGE CAPITAL INC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 004300

Geography

  • Assessors Map Reference: TAX MAP 102
  • District: 14
  • Parcel: 14 03084-0000-00026
  • Block: 3084
  • Lot: 26
  • Municipality: NEWARK CITY
  • Latitude: 40.7173
  • Longitude: -74.22

    Address

  • Full Address: 196 Fabyan Pl
  • Address - House Number: 196
  • Address - Street Name: Fabyan
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Newark
  • Carrier Code: C045
  • 4-Digit Zip Code: 1155
  • Zip Code: 07112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,682

    Appraisal Valuation

  • Standard Deviation: 0.2385
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 66
  • Final Value: 566,029
  • High Value: 701,030
  • Low Value: 431,028

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,500
  • First Open Lien Mortgage Lender: ARK MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Sep 15, 2021
  • First Open Lien Mortgage Loan Amount: $337,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $312,700
  • Market Land Value: $28,400
  • Market Improvement Value: $284,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $312,700
  • Assessed Land Value: $28,400
  • Assessed Improvements Value: $284,300

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Transaction ID: 11857534967
  • Current Sale Price: $450,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021112772
  • Previous Sale Recording Date: Jun 07, 2010
  • Previous Sale Contract Date: May 27, 2010
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARK MORTGAGE INC
  • First Mortgage Transaction Date: Sep 15, 2021
  • First Mortgage Loan Amount: $337,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jun 07, 2010
  • Previous Mortgage Loan Amount: $212,143
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2040

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Frequently Asked Questions

What neighborhood is 196 Fabyan Place located in?
The 196 Fabyan Place is a located in the neighborhood of Upper Clinton Hill in Upper Clinton Hill, Newark.
What is the average sales price for listings in 196 Fabyan Place?
The average sales price for units in 196 Fabyan Place is $0 currently.

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