new - 3 days on rocket

115 Fabyan Pl, Newark, NJ, 07112

$750,000

Home List Price

$8,906*

Closing Credit

0 Baths
3,398 SqFt
$221/SqFt
Multi

Location

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115 Fabyan Pl, Newark$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage, Built-In Garage, 1-2 Car Parking
Attached Garage2 spaces
Year Built2002
HeatingCentral
MLS #2506339R
Lot Size0.09 Acres
StatusActive

About 115 Fabyan Pl

For first-time buyers, this multi-family property offers an excellent opportunity to build equity and generate rental income, which can help offset mortgage costs. With six bedrooms and four bathrooms across 3,398 square feet, this home provides flexibility for both living and renting. The additional rental units could cover a significant portion of the mortgage, making it financially appealing to buyers looking to ease their homeownership expenses. Located near major transportation, parks, Newark Airport, and with easy access to New York City, this property would also be ideal for those seeking a home with convenient commuting options and a strong rental market. Highlighting these benefitssuch as rental income potential, investment growth, and location advantagescould make it very attractive to first-time buyers looking to maximize their financial security.

Property Details

Property Features

Property Information:

  • Year Built: 2002
  • Stories: 2
  • Living Area: 3,398 SqFt

Listing Office:

  • Office Name: ALIGN RIGHT REALTY HOMEKEYS

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Interior: Unit 1(3 Bedrooms, 2+ Baths), Unit 2(3 Bedrooms, 2+ Baths)

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage, Built-In Garage, 1-2 Car Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Central

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $221/SqFt

Tax Information:

  • Annual Amount: $7,964
  • 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

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

115 Fabyan Pl vs Newark

3 DAYS ON ROCKET

-72 Days

$750,000

+$353.8K More

$221/SqFt

+$17 More

KEY TAKEAWAY

This property is $353.8K more than the Median Sold Price and $17/SqFt more than other homes in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2506339R

Listing Office:

  • Office Name: ALIGN RIGHT REALTY HOMEKEYS

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 16, 2019Home Sold
$335,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,964$282,900
2019$10,447$282,900
2018$10,071$282,900
2017$10,071$282,900

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-457946
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-457947
3
/10

  • Berkeley Terrace Elementary School

  • 787 Grove St

  • 0.79 miles

  • Public District Grades PK-5

school-card-donut-457948
3
/10

  • Mt. Vernon Avenue Elementary School

  • 54 Mount Vernon Ave

  • 0.83 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,214. The most common annual income of people living in Newark, NJ is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›115 Fabyan Pl

This home is located at 115 Fabyan Pl in Newark, NJ and zip code 07112 in the Weequahic neighborhood. This 3,398 square foot home, which was built in 2002, sits on a 0.09 acre lot. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $750,000.

In October 2024 more than 24 listings in Newark, NJ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below. In October 2024 in Newark, NJ there were 25.4% more homes for sale than in September 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.

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

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