77 16th Avenue

77 16th Avenue 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 1989 and is 35 years old. The area measurement of the land has been determined as 123,218 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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, 77 16th Avenue sold most recently in Jul 7, 2023 for a total of $245,000. 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 $3,691 in taxes each year. 77 16th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $98,800. If we break it down further, the land itself was valued at $20,000. Improvements to the property, however, were assessed at a total of $78,800. 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!