1 month on rocket

199 Shephard Ave, Newark, NJ, 07112

$550,000

Home List Price

$6,531*

Closing Credit

7 Bedrooms
3 Full Baths
Multi

Location

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199 Shephard Ave, Newark$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached
HeatingRadiant, Steam
CoolingNone
BasementYes
WaterfrontNone
FireplaceNone
MLS #24030882
StatusActive
(ACTIVE)

About 199 Shephard Ave

Welcome home! This versatile two-family house offers a fantastic opportunity for both investors and homeowners. Each of the two main units features three spacious bedrooms, living-room and full bath, providing ample living space. The third unit includes one bedroom, kitchen and a full bath. The strategic layout allows you to rent out the two larger units and potentially live in the third unit rent-free. The basement also holds great potential for your creativity, adding even more value to this property. Parking garage available on site for your needs. Located near all public transportation, highways, this home ensures convenient commute and easy access to NY Don't miss out on this prime investment opportunity!

Property Details

Property Features

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (908) 312-5113
  • Listing Agent: Ami Y. Cruz

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Vinyl, None

Parking Information:

  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Radiant, Steam
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000

Tax Information:

  • Annual Amount: $8,143
  • 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

199 Shephard Ave vs Newark

46 DAYS ON ROCKET

-29 Days

$550,000

+$153.8K More

KEY TAKEAWAY

This property is $153.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24030882

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (908) 312-5113
  • Listing Agent: Ami Y. Cruz

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: 11/10/2024, 4:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 11, 2018Home Sold
$272,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,143$216,500
2019$6,311$216,500
2018$6,084$170,900
2017$6,084$170,900

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-830995
4
/10

  • George Washington School

  • 1530 Leslie St

  • 0.99 miles

  • Public District Grades 5-5

school-card-donut-830996
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 1.00 miles

  • Public District Grades PK-5

school-card-donut-830997
3
/10

  • Mt. Vernon Avenue Elementary School

  • 54 Mount Vernon Ave

  • 1.29 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,662. Residents of Newark, NJ typically earn between $35k-100k each year. Most families are single, no kids. 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›199 Shephard Ave

This home is located at 199 Shephard Ave in Newark, NJ and zip code 07112 in the Weequahic neighborhood. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $550,000.

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. The number of homes for sale in Newark, NJ increased by 25.4% between September 2024 and October 2024. 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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