4 months on rocket

118 Cedar Ave, Newark City, NJ, 07106

$619,000

Home List Price

$7,351*

Closing Credit

10 Bedrooms
5 Full Baths
Multi

Location

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118 Cedar Ave, Newark$619,000

Buyer Closing Credits

$7,351*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 Car Width
HeatingNatural Gas
CoolingNone
BasementYes
MLS #3916519
Lot Size0.03 Acres
StatusActive

About 118 Cedar Ave

Welcome to 118 Cedar Avenue, Newark " a versatile 3-unit family home offering ample living space and investment potential. Each unit in this property provides comfortable and spacious accommodations, making it ideal for various living arrangements. Located in a vibrant Newark neighborhood, this property is conveniently situated near local amenities, schools, parks, and public transportation. One of the key advantages of being located on Cedar Avenue is its proximity to major highways and public transit, providing easy access to the broader Newark area and beyond. With its well-maintained interiors and practical layout, 118 Cedar Avenue offers both comfort and convenience. Don't miss out on this opportunity to own a multi-family home in a prime location. Schedule your viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story

Listing Office:

  • Office Name: KELLER WILLIAMS MID-TOWN DIRECT
  • Office Phone: (973) 762-5400

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: 1 Car Width

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Continue on I-280 W to East Orange. Take exit 12A-12B from I-280 W. Continue on S Oraton Pkwy. Take Central Ave and Freeman Ave to Cedar Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $619,000
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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

118 Cedar Ave vs Newark

132 DAYS ON ROCKET

+118 Days

$619,000

+$219K More

KEY TAKEAWAY

This property is $219K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3916519

Listing Office:

  • Office Name: KELLER WILLIAMS MID-TOWN DIRECT
  • Office Phone: (973) 762-5400

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/11/2024, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,157

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,922

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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-1715930
6
/10

  • Langston Hughes Elementary School

  • 160 Rhode Island Ave

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-1715931
2
/10

  • Benjamin Banneker Academy

  • 500 S Clinton St

  • 0.40 miles

  • Public District Grades PK-6

school-card-donut-1715932
2
/10

  • Ecole Toussaint Louverture

  • 330 Central Ave

  • 0.49 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,629. Most Newark, NJ residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07106›118 Cedar Ave

This home is located at 118 Cedar Ave in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home sits on a 0.03 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $619,000.

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 listings in Newark, NJ increased by 13.5% between October 2024 and November 2024. While the average time on the market in November 2024 was 14 days, the median list price was $400,000.

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

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