7 months on rocket

157-159 N 7th St, Newark, NJ, 07104

$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
ParkingO/See Remk
HeatingNatural Gas
CoolingWindow Unit(s)
BasementYes
WaterfrontNone
FireplaceNone
MLS #24007834
StatusActive
(ACTIVE)

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, 1 kitchen, and 2 bathrooms in total. The 2nd floor includes 4 bedrooms and a full bathroom. The 3rd adds 2 bedrooms and a full bathroom. 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

Listing Office:

  • Office Name: Keller Williams Park Views
  • Office Phone: (201) 206-0695
  • Listing Agent: Paul DoSantos

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Vinyl, None

Parking Information:

  • Parking: O/See Remk

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Barringer High School, Public District Grades 9-12
  • Technology High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Sussex Avenue Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,900

Tax Information:

  • Annual Amount: $7,718
  • 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

157-159 N 7th St vs Newark

234 DAYS ON ROCKET

+159 Days

$639,900

+$243.7K More

KEY TAKEAWAY

This property is $243.7K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24007834

Listing Office:

  • Office Name: Keller Williams Park Views
  • Office Phone: (201) 206-0695
  • Listing Agent: Paul DoSantos

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: 11/5/2024, 9:20:51 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$7,718$205,200
2019$7,578$205,200
2018$7,305$205,200
2017$7,305$205,200

History based on county public records data.

Payment Calculator

$3,261

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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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.

Elementary School

school-card-donut-2032274
2
/10

  • Sussex Avenue Elementary School

  • 307 Sussex Ave

  • 0.21 miles

  • Public District Grades PK-8

High School

school-card-donut-2032275
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.80 miles

  • Public District Grades 9-12

school-card-donut-2032276
8
/10

  • Technology High School

  • 223 Broadway

  • 1.36 miles

  • Public District Grades 9-12

school-card-donut-2032277
1
/10

  • Central High School

  • 250 18th Ave

  • 1.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,590. The most common annual income of people living in Newark, NJ is less than $35k. Residents typically live in single, no kids family. 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›07104›157-159 N 7th St

This home is located at 157-159 N 7th St in Newark, NJ and zip code 07104 in the West Ward neighborhood. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 16, 2024 and is currently priced at $639,900.

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. While the average time on the market in October 2024 was 75 days, the median list price was $396,125.

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

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