9 months on rocket

157-159 N 7th St, Newark City, NJ, 07107

$639,900

Home List Price

$7,599*

Closing Credit

11 Bedrooms
4 Full Baths
Multi

Location

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157-159 N 7th St, Newark$639,900

Buyer Closing Credits

$7,599*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Car Width, Blacktop
Year Built1940
HeatingNatural Gas
BasementYes
MLS #3891152
Lot Size0.11 Acres
StatusActive

About 157-159 N 7th St

ROOMING HOUSE ... Attention Investors ... Wonderful opportunity to own this 11-bedroom property. The 1st floor includes five bedrooms, a living room, a kitchen, and 2 bathrooms. The 2nd floor includes 4 bedrooms and a full bathroom. The 3rd adds 2 bedrooms and a full bathroom for the floor. One of the bedrooms contains a small kitchen. A newer gas boiler supplies heating for the entire building. Large multi-car driveway and newer roof. There is much room to improve, and some cosmetic updates would go a long way.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story, See Remarks
  • Year Built: 1940

Listing Office:

  • Office Name: KELLER WILLIAMS PARK VIEWS
  • Office Phone: (201) 206-0695

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Fire Extinguisher

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Parking Information:

  • Parking: 2 Car Width, Blacktop

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Please use GPS for guidance

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,900
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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

157-159 N 7th St vs Newark

275 DAYS ON ROCKET

+261 Days

$639,900

+$239.9K More

KEY TAKEAWAY

This property is $239.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3891152

Listing Office:

  • Office Name: KELLER WILLIAMS PARK VIEWS
  • Office Phone: (201) 206-0695

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: 12/18/2024, 11:20:48 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.

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$3,261

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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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-116263
3
/10

  • Roseville Community Charter School

  • 540 Orange St

  • 0.32 miles

  • Public Charter Grades KG-4

school-card-donut-116264
5
/10

  • Dionne Warwick Institute

  • 120 Central Ave

  • 0.77 miles

  • Public District Grades PK-5

school-card-donut-116265
3
/10

  • Mildred Barry Garvin Elementary School

  • 1 Grove Pl

  • 0.81 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,590. Typical income of Newark, NJ residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07107›157-159 N 7th St

This home is located at 157-159 N 7th St in Newark City, NJ and zip code 07107 in the West Ward neighborhood. This home, which was built in 1940, sits on a 0.11 acre lot. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $639,900.

In November 2024, from all listings sold in Newark, NJ there were more than 22 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. In November 2024 in Newark, NJ there were 13.5% more homes for sale than in October 2024. In November 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $400,000.

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

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