NOT LISTED FOR SALE

Estimated Value: $427,000 - $503,000

3 Beds
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold May 29, 2024

Last sale price $452,700

Est. 2% increase in value since last sale

Current estimated payment $3,271/month

13 Days on Market

About This Home

As of May 2024

This home is located at 40 Salem St, Newark, NJ 07106 since 12 March 2024 and is currently estimated at $462,698. This property was built in 1920. 40 Salem St is a home located in Essex County with nearby schools including Lincoln Elementary School, Mt. Vernon School, and Hawthorne Avenue Elementary School.

Last Listed By

Christine Austin

RE/MAX FIRST REALTY II Brokerage Phone: 908-664-1500 Listed on: 03/12/2024

RE/MAX FIRST REALTY II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,258

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,258

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Essex
  • Street Number Display: 40
  • I D: 5274759
  • Modified: 2024-06-03
  • Number Images: 1
  • Attribution Contact: 908-664-1500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.20

Lot Info

  • Lot Size: 35X71.5
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
May 29, 2024
Sold by
Clark Keishma
Bought by
Castro Cepeda Adrian and Lora Peguero Eduard
Seller's Agent
Christine Austin
RE/MAX FIRST REALTY II
Buyer's Agent
DANIEL CUCALON
KELLER WILLIAMS CITY VIEWS REALTY
List Price
$414,900
Sold Price
$452,700
Premium/Discount to List
$37,800
9.11%
Total Days on Market
13
Views
131
Current Estimated Value
$462,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,998
Avg. Annual Appreciation
2.40%
Original Mortgage
$430,065
Outstanding Balance
$426,467
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$36,231

Purchase Details

Listed on
Aug 19, 2021
Closed on
Nov 22, 2021
Sold by
Nine90 Homes Corporation
Bought by
Clark Keishma
Seller's Agent
LOIS BAMBER
WEICHERT REALTORS
Buyer's Agent
Christine Austin
RE/MAX FIRST REALTY II
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.03%
Original Mortgage
$333,841
Interest Rate
3.1%

Purchase Details

Listed on
Dec 10, 2020
Closed on
Mar 18, 2021
Sold by
Peihain Properties Management Llc
Bought by
Nine90 Homes Corporation
Seller's Agent
Goran Koroskoski
CRS AGENCY ELITE LLC
Buyer's Agent
LOIS BAMBER
WEICHERT REALTORS
List Price
$129,900
Sold Price
$133,000
Premium/Discount to List
$3,100
2.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
365.84%
Original Mortgage
$220,050
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 24, 2020
Sold by
Atlf Properties Llc
Bought by
Pelham Properties Management L

Purchase Details

Closed on
Sep 12, 2006
Sold by
Brooks Melody
Bought by
Pettigrew Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
8.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 23, 1995
Sold by
Cox Edward
Bought by
Hutchinson Michael and Brooks Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
9.17%

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Castro Cepeda Adrian $452,700 Nu World Title
Clark Keishma $340,000 New Title Company Name
Nine90 Homes Corporation $133,000 New Dawn Title Agency Llc
Pelham Properties Management L $30,000 Old Republic National
Pettigrew Colleen $125,000 --
Hutchinson Michael $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Cepeda Adrian $430,065
Previous Owner Clark Keishma $24,641
Previous Owner Clark Keishma $333,841
Previous Owner Nine90 Homes Corporation $220,050
Previous Owner Pettigrew Colleen $118,000
Previous Owner Pettigrew Colleen $106,250
Previous Owner Hutchinson Michael $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $452,700 +9.1% --
03/25/2024 03/25/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $414,900 +22.0% --
11/23/2021 11/23/21 Sold $340,000 +3.3% --
09/28/2021 09/28/21 Pending -- -- --
09/04/2021 09/04/21 Price Changed $329,000 -6.0% --
08/19/2021 08/19/21 For Sale $350,000 +163.2% --
04/14/2021 04/14/21 Sold $133,000 +2.4% --
12/18/2020 12/18/20 Pending -- -- --
12/10/2020 12/10/20 For Sale $129,900 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,258 $221,500 $14,400 $207,100
2023 $4,468 $221,500 $14,400 $207,100
2022 $4,468 $119,600 $15,200 $104,400
2021 $4,466 $119,600 $15,200 $104,400
2020 $4,545 $119,600 $15,200 $104,400
2019 $4,498 $119,600 $15,200 $104,400
2018 $4,417 $119,600 $15,200 $104,400
2017 $4,258 $119,600 $15,200 $104,400
2016 $4,114 $119,600 $15,200 $104,400
2015 $3,958 $119,600 $15,200 $104,400
2014 $3,709 $119,600 $15,200 $104,400
Source: Public Records

Agents Affiliated with this Home

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Source: Garden State MLS

MLS Number: 3890285

Garden State MLS

APN: 14-04114-0000-00025