3 months on rocket

163 Park St, Montclair Twp, NJ, 07042

$1,600,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
5 Full Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

163 Park St, Montclair Township$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingBlacktop, Driveway-Exclusive, Off-Street Parking, Detached Garage, See Remarks
Garage4 spaces
Year Built1887
HeatingNatural Gas
CoolingNone
BasementYes
MLS #3921209
Lot Size0.80 Acres
StatusActive

About 163 Park St

Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.Bring your architects and/or your contractors!

Property Details

Property Features

Property Information:

  • Architectural Style: Fixer Upper, See Remarks
  • Year Built: 1887

Listing Office:

  • Office Name: COMPASS NEW JERSEY LLC
  • Office Phone: (973) 477-7252

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator
  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Open Porch(es)

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Blacktop, Driveway-Exclusive, Off-Street Parking, Detached Garage, See Remarks

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.80 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Between Watchung and Chestnut

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Montclair Township, NJ.

Map thumbnail provided by MapBox

Montclair Township, NJ

City

Med. Sold Price

$1.3M

Med. Price/SqFt

$372

Avg. Days On Market

11

# of Sold Homes

21

163 Park St vs Montclair Township

95 DAYS ON ROCKET

+84 Days

$1,600,000

+$300K More

KEY TAKEAWAY

This property is $300K more than the Median Sold Price in Montclair Township, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3921209

Listing Office:

  • Office Name: COMPASS NEW JERSEY LLC
  • Office Phone: (973) 477-7252

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: 12/3/2024, 11:20:47 AM 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

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

Powered By

Rocket Mortgage

Advertisement

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-3475579
6
/10

  • Watchung Elementary School

  • 14 Garden St

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-3475580
6
/10

  • Edgemont Elementary School

  • 20 Edgemont Rd

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-3475581
8
/10

  • Hillside Elementary School

  • 54 Orange Rd

  • 1.01 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 $182,589. The most common annual income of people living in Montclair Township, NJ is $200k+. The majority of families are married, with 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›Montclair Township›07042›163 Park St

This home is located at 163 Park St in Montclair Twp, NJ and zip code 07042. This home, which was built in 1887, sits on a 0.80 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $1,600,000.

In November 2024 more than 20 listings in Montclair Township, NJ were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below. Between October 2024 and November 2024, Montclair Township, NJ real estate market has seen increase in the number of listings by 6.2%. The median list price of listings available in November 2024 was $1,300,000, while the average time on the real estate market was 11 days.

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

More Resources