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1115 Broad St, Newark, NJ, 07114

$1,100,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
Multi

Location

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1115 Broad St, Newark$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24035546
StatusActive

About 1115 Broad St

Very well-maintained historic 2-family home, built in 1877, located in downtown Newark in a community commercial zone that permits mixed-use for both residential and commercial purposes! This charming property features stunning woodwork, large rooms, wrap-around stairs, and ample storage. The 1st floor offers open recreational rooms, one bedroom, and a half bath. The 2nd floor includes an eat-in kitchen, living room, full bathroom, and three bedrooms. The 3rd floor features another eat-in kitchen, bedroom, living room, and a full bathroom. Enjoy a private backyard and the added security of a pre-wired system with cameras. The massive unfinished basement offers great potential for expansion. New hot water heater. This is a prime investment opportunity for residential, commercial, or mixed-use purposes. Selling 100% AS-IS. Buyer responsible for all municipal inspections. A must-see this opportunity will not last!

Property Details

Property Features

Listing Office:

  • Office Name: Weichert Realtors, Kinnelon
  • Office Phone: (973) 838-6200
  • Listing Agent: Melody Kettle

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000

Tax Information:

  • Annual Amount: $6,700
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

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Newark, NJ

City

Med. Sold Price

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

1115 Broad St vs Newark

1 DAY ON ROCKET

-13 Days

$1,100,000

+$700K More

KEY TAKEAWAY

This property is $700K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24035546

Listing Office:

  • Office Name: Weichert Realtors, Kinnelon
  • Office Phone: (973) 838-6200
  • Listing Agent: Melody Kettle

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,700$238,000
2019$8,789$238,000
2018$8,473$238,000
2017$8,473$238,000

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4320280
1
/10

  • East Ward Elementary School

  • 104 Oliver St

  • 0.63 miles

  • Public District Grades PK-3

school-card-donut-4320281
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 0.64 miles

  • Public Charter Grades PK-4

school-card-donut-4320282
5
/10

  • Sir Isaac Newton Elementary School

  • 150 Newton St

  • 1.09 miles

  • Public District Grades PK-1

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,667. Most Newark, NJ residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07114›1115 Broad St

This home is located at 1115 Broad St in Newark, NJ and zip code 07114 in the South Ward neighborhood. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $1,100,000.

In November 2024 more than 22 listings in Newark, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of homes for sale in Newark, NJ increased by 13.5% between October 2024 and November 2024. In November 2024 median list price was $400,000 and the average listing age was 14 days.

From Rocket Homes Real Estate and based on county public records data.

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