2 months on rocket

118 Oraton St, Newark, NJ, 07104

$725,000

Home List Price

$8,609*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
Multi

Location

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118 Oraton St, Newark$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage1 space
MLS #24035369
StatusActive

About 118 Oraton St

FANTASTIC NEWLY RENOVATED TWO-FAMILY HOME W/CHARMING EXTERIOR HAS NEW KITCHEN, NEW BATHS, NEW WINDOWS, GORGEOUS NEW FLOORS, BRAND NEW WATER HEATERS AND AC ON A QUIET DESIRABLE STREET CLOSE TO SHOPS, NYC TRANSPORTATION, SCHOOLS, PARKS AND BELLEVILLE BORDER. First unit on second level features sunny open concept living room, kitchen w/SS appliances, full bath with double sinks and tub shower, large closet and two nice-sized bedrooms. Kitchen includes GE double door refrigerator, Frigidaire four-burner gas stove plus a microwave. Second identical unit on third floor also has bonus pull down attic for storage. Garage can be used for second car or storage and has new vinyl flooring, a full bath plus a W/D hookup. Small patio space in back can be used for bbq & some storage. Single space private driveway in front of house. Each unit has intercom system for front door. Fantastic investment opportunity or live in one unit & rent the other!

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty - NJ Metro Group
  • Office Phone: (973) 783-7400
  • Listing Agent: Jessica Keefe

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000

Tax Information:

  • Annual Amount: $327
  • 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

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

118 Oraton St vs Newark

68 DAYS ON ROCKET

+37 Days

$725,000

+$285K More

KEY TAKEAWAY

This property is $285K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24035369

Listing Office:

  • Office Name: Keller Williams Realty - NJ Metro Group
  • Office Phone: (973) 783-7400
  • Listing Agent: Jessica Keefe

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© 2025 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: 1/11/2025, 11:21:09 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$327$11,600
2019$428$11,600
2018 - $11,600
2017 - $11,600

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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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-1892931
3
/10

  • Elliott Street Elementary School

  • 721 Summer Ave

  • 0.48 miles

  • Public District Grades PK-4

school-card-donut-1892932
3
/10

  • Garfield Elementary School

  • 360 Belgrove Dr

  • 0.53 miles

  • Public District Grades KG-6

school-card-donut-1892933
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.78 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,353. Typical income of Newark, NJ residents is less than $35k annually. Residents typically live in single, with kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›118 Oraton St

This home is located at 118 Oraton St in Newark, NJ and zip code 07104 in the North Ward neighborhood. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $725,000.

In December 2024, from all listings sold in Newark, NJ there were more than 17 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. The number of listings in Newark, NJ increased by 10.8% between November 2024 and December 2024. In December 2024 median list price was $440,000 and the average listing age was 31 days.

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

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