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188-190 Shephard Ave, Newark, NJ, 07112

$600,000

Home List Price

$7,125*

Closing Credit

8 Bedrooms
3 Full Baths, 1 Partial
Multi

Location

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188-190 Shephard Ave, Newark$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingPark Space
HeatingNatural Gas, Forced Air
CoolingNone
BasementYes
WaterfrontNone
FireplaceNone
MLS #24030563
StatusActive
(ACTIVE)

About 188-190 Shephard Ave

Great opportunity to generate income with this three-unit home, featuring a basement that could be finished for additional space and a shared driveway for convenient parking. The first floor is newly renovated, offering modern comfort for tenants or an owner-occupant. Located close to the hospital, a nearby park, and Newark Airport, this property is perfect for those seeking a solid investment in a prime location.

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Professionals 1
  • Office Phone: (908) 414-9350
  • Listing Agent: Valentina Simmonds

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Aluminum, Shingles, None

Parking Information:

  • Parking: Park Space

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Dayton Street Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000

Tax Information:

  • Annual Amount: $7,931
  • 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

188-190 Shephard Ave vs Newark

45 DAYS ON ROCKET

-30 Days

$600,000

+$203.8K More

KEY TAKEAWAY

This property is $203.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24030563

Listing Office:

  • Office Name: RE/MAX Professionals 1
  • Office Phone: (908) 414-9350
  • Listing Agent: Valentina Simmonds

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, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 23, 2020Home Sold
$455,000
Mar 03, 2020Home Sold
$120,000
Sep 15, 2006Home Sold
$380,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,931$173,100
2019$6,392$173,100
2018$6,162$173,100
2017$6,162$173,100

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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.

Elementary School

school-card-donut-2082565
3
/10

  • Dayton Street Elementary School

  • 433 Peshine Ave

  • 0.28 miles

  • Public District Grades PK-8

High School

school-card-donut-2082566
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.89 miles

  • Public District Grades 9-12

school-card-donut-2082567
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 0.92 miles

  • Public District Grades 9-12

school-card-donut-2082568
1
/10

  • Central High School

  • 250 18th Ave

  • 1.58 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 $46,729. Typical income of Newark, NJ residents is between $35k-100k annually. Residents typically live in single, no 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›07112›188-190 Shephard Ave

This home is located at 188-190 Shephard Ave in Newark, NJ and zip code 07112 in the Weequahic neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $600,000.

Over 24 listings were sold over their listed price in October 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 3 listings were sold for the listed price. Between September 2024 and October 2024, Newark, NJ real estate market has seen increase in the number of listings by 25.4%. 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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