new - 2 days on rocket

188 Ridge St, Newark, NJ, 07104

$649,999

Home List Price

$7,719*

Closing Credit

0 Baths
3,482 SqFt
$187/SqFt
Multi

Location

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188 Ridge St, Newark$649,999

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1877
HeatingBaseboard
CoolingNone
MLS #2506190R
StatusActive

About 188 Ridge St

Welcome to 188 Ridge Street, a beautifully renovated two-family home located in the heart of Newark, NJ. This updated property offers the perfect blend of modern finishes and classic charm, making it an ideal investment opportunity or multi-generational home. Property Features: Unit 1: Spacious 3-bedroom, 1-bath apartment with an open layout and ample natural light throughout. Unit 2: Well-appointed 2-bedroom, 2-bath apartment with a large, modern kitchen and generous living space. With an additional space in the finished basement, offering plenty of extra rooms and an additional full bathroom. Both apartments have been fully updated with new flooring, kitchens, bathrooms, and fresh paint, ensuring a move-in ready experience for both owners and tenants. Situated in a convenient location with easy access to public transportation, schools, and local amenities, this two-family home is a fantastic opportunity for homebuyers looking to live in one unit while generating rental income from the other. Don't miss out, schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1877
  • Stories: 2
  • Living Area: 3,482 SqFt

Listing Office:

  • Office Name: REDEFINED REAL ESTATE INC.

Interior Features

Interior Information:

  • Interior: Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 2 Bedrooms, Living Room)

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,999
  • Price Per SqFt: $187/SqFt

Tax Information:

  • Annual Amount: $3,158
  • 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 Ridge St vs Newark

2 DAYS ON ROCKET

-73 Days

$649,999

+$253.8K More

$187/SqFt

-$17 Less

KEY TAKEAWAY

This property is $253.8K more than the Median Sold Price and $17/SqFt less than other homes in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2506190R

Listing Office:

  • Office Name: REDEFINED REAL ESTATE INC.

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:49 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

Jan 11, 2019Home Sold
$181,000
Dec 14, 2006Home Sold
$299,100
Apr 04, 2006Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,158$112,200
2019$4,143$112,200
2018$3,994$112,200
2017$3,994$112,200

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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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-72048
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.29 miles

  • Public District Grades PK-4

school-card-donut-72049
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.36 miles

  • Public District Grades PK-4

school-card-donut-72050
3
/10

  • Salome Urea Elementary School

  • 284 1st Ave W

  • 0.84 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,675. The most common annual income of people living in Newark, NJ is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›188 Ridge St

This home is located at 188 Ridge St in Newark, NJ and zip code 07104 in the North Ward neighborhood. This 3,482 square foot home was built in 1877. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $649,999.

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. Between September 2024 and October 2024, Newark, NJ real estate market has seen increase in the number of listings by 25.4%. In October 2024 median list price was $396,125 and the average listing age was 75 days.

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

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