3 months on rocket

197 Malvern St, Newark, NJ, 07105

$590,000

Home List Price

$7,006*

Closing Credit

4 Bedrooms
2 Full Baths
Multi

Location

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197 Malvern St, Newark$590,000

Buyer Closing Credits

$7,006*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage2 spaces
MLS #24030954
StatusActive
(Active Attorney Review)

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker, Wayne
  • Office Phone: (973) 694-8000
  • Listing Agent: Andres Crespo

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

Price Information

Listing Price Info

Price Summary:

  • List Price: $590,000

Tax Information:

  • Annual Amount: $4,788
  • 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

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

197 Malvern St vs Newark

104 DAYS ON ROCKET

+73 Days

$590,000

+$150K More

KEY TAKEAWAY

This property is $150K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24030954

Listing Office:

  • Office Name: Coldwell Banker, Wayne
  • Office Phone: (973) 694-8000
  • Listing Agent: Andres Crespo

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© 2025 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: 1/7/2025, 2:21:04 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$4,788$170,100
2019$6,281$170,100
2018$6,056$170,100
2017$6,056$170,100

History based on county public records data.

Payment Calculator

$3,012

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,835

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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.

Nearby Schools

school-card-donut-730208
1
/10

  • East Ward Elementary School

  • 104 Oliver St

  • 0.59 miles

  • Public District Grades PK-3

school-card-donut-730209
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 1.40 miles

  • Public Charter Grades PK-4

school-card-donut-730210
5
/10

  • Hamilton Intermediate School

  • 223 Hamilton St

  • 1.89 miles

  • Public District Grades 4-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07105›197 Malvern St

This home is located at 197 Malvern St in Newark, NJ and zip code 07105 in the East Ward neighborhood. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $590,000.

Newark, NJ housing market in December 2024 saw over 17 listings sold above listed price, more than 6 sold at listed price and over 8 sold below. In December 2024 in Newark, NJ there were 10.8% more homes for sale than in November 2024. The median list price of listings available in December 2024 was $440,000, while the average time on the real estate market was 31 days.

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

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