318 North 10th Street

318 North 10th Street 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 1912 and is 112 years old. The building has a total of 2 stories. In addition, 318 North 10th Street has 2,200 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 250 ft. The area measurement of the land has been determined as 2,500 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 318 North 10th Street was last sold in Dec 8, 2022 for $475,000. According to our calculations, that's $215.91 per sqft. Prior to that sales transaction, the property was sold for $117,500 in Apr 22, 2010. Current property owners are expected to pay $6,773 in taxes per year. The property on 318 North 10th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $181,300. To break that down further, the land itself was valued at $47,500. While improvements to the property were assessed at a total of $133,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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!