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313 16th Avenue

313 16th Avenue, Newark, NJ 07103
Property in West Side
Sold Oct 29, 2021
$280,000
$1,000,000 by Loan Funder Llc Series 29610
Mortgage Due Mar 01, 2052
Sold Jun 27, 2018
Transfer
Local assessors in Newark, NJ have categorized 313 16th Avenue as a residential type of property. The home was built in 2006 and is 18 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 313 16th Avenue has a total of 2,656 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, 313 16th Avenue sold most recently in Aug 24, 2021 for a total of $280,000. If you work out the math, that's approximately a cost of $105.42 per sqft. 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 $8,458 in taxes each year. The initial year of tax delinquency occurred in 2017. 313 16th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $226,400. If we break it down further, the land itself was valued at $29,700. Improvements to the property, however, were assessed at a total of $196,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,656
  • Building Area: 2,656
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,656
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 313 16TH AVENUE PARTNERS LLC
  • Previous Owner : TAIT JESSICA
  • Previous Owner 2: ESTATE OF ROBERT TAIT
  • Owner Before Previous Owner: NEWARK CITY OF
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 002600

Geography

  • Assessors Map Reference: TAX MAP 69
  • District: 14
  • Parcel: 14 00337-0000-00027
  • Block: 337
  • Lot: 27
  • Municipality: NEWARK CITY
  • Latitude: 40.7377
  • Longitude: -74.2107

    Address

  • Full Address: 313 16th Ave
  • Address - House Number: 313
  • Address - Street Name: 16th
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C074
  • 4-Digit Zip Code: 1161
  • Zip Code: 07103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,458
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 462,559
  • High Value: 561,765
  • Low Value: 363,354

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: LOAN FUNDER LLC SERIES 29610
  • First Open Lien Mortgage Recording Date: Mar 02, 2022
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $226,400
  • Market Land Value: $29,700
  • Market Improvement Value: $196,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $226,400
  • Assessed Land Value: $29,700
  • Assessed Improvements Value: $196,700

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Transaction ID: 11865708626
  • Current Sale Price: $280,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021130201
  • Previous Sale Recording Date: Jun 27, 2018
  • Previous Sale Contract Date: Jun 25, 2018
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: EINHORN REALTY ONE LLC
  • First Mortgage Transaction Date: Oct 29, 2021
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 313 16th Avenue located in?
The 313 16th Avenue is a located in the neighborhood of West Side in West Side, Newark.
What is the average sales price for listings in 313 16th Avenue?
The average sales price for units in 313 16th Avenue is $0 currently.

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