229 North 5th Street

Local assessors in Newark, NJ have categorized 229 North 5th Street as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 2,500 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 250 ft. If we look only at the heated or air conditioned part of the building, then 229 North 5th Street has a total of 2,442 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share 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, 229 North 5th Street sold most recently in Jul 7, 2021 for a total of $460,000. If you work out the math, that's approximately a cost of $188.37 per sqft. Before that, the property was also sold for $200,000 in Mar 20, 2015. 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 $8,070 in taxes each year. 229 North 5th Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $216,000. If we break it down further, the land itself was valued at $18,800. Improvements to the property, however, were assessed at a total of $197,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.