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, 9:20:48 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,012
Per Month
Principal & Interest
$2,945
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,835
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
East Ward Elementary School
104 Oliver St
Distance between this listing and this school0.59 miles
Public District Grades PK-3
4
/10
Newark Educators Community Charter School
9-11 Hill St
Distance between this listing and this school1.40 miles
Public Charter Grades PK-4
5
/10
Hamilton Intermediate School
223 Hamilton St
Distance between this listing and this school1.89 miles
Public District Grades 4-5
Nearby Schools
5
/10
Ann Street Elementary School
30 Ann St
Distance between this listing and this school0.27 miles
Public District Grades PK-8
6
/10
Wilson Avenue Elementary School
19 Wilson Ave
Distance between this listing and this school0.59 miles
Public District Grades PK-8
6
/10
Oliver Street Elementary School
86 Oliver St
Distance between this listing and this school0.68 miles
Public District Grades PK-8
Nearby Schools
2
/10
East Side High School
238 Van Buren St
Distance between this listing and this school0.28 miles
Public District Grades 9-12
4
/10
Great Oaks Legacy Charter School
909 Broad St
Distance between this listing and this school1.17 miles
Public Charter Grades PK-12
3
/10
Marion P. Thomas Charter School
88-108 Shipman St
Distance between this listing and this school1.40 miles
The neighbors living near this home have an average income of $62,500. The majority of Newark, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
This home is located at 197 Malvern St in Newark City, NJ and zip code 07105 in the East Ward neighborhood. This home, which was built in 1973, sits on a 0.06 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 08, 2024 and is currently priced at $590,000.
Over 22 listings were sold over their listed price in November 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Newark, NJ between October 2024 and November 2024 increased by 13.5%. Listings spent 14 days on the market in November 2024, and had a median list price of $400,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.