13 days on rocket

22 Farley Ave, Newark City, NJ, 07108

$599,000

Home List Price

$7,113*

Closing Credit

9 Bedrooms
3 Full Baths
Multi

Location

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22 Farley Ave, Newark$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 Car Width, Detached Garage
Garage2 spaces
HeatingNatural Gas
BasementYes
MLS #3924615
Lot Size0.09 Acres
StatusActive

About 22 Farley Ave

Welcome to a fantastic opportunity to own a well-maintained legal two-family home in the heart of Newark, NJ. This property is a great investment, featuring spacious units, each with generously sized three bedrooms. In addition, the attic offers extra living space with three additional bedrooms. All units are in excellent condition and have separate utilities. The property also includes a detached two-car garage. Located in a prime area with easy access to public transportation, major highways, Newark Penn Train Station, and local stores, this is a money-making multi-family home you don't want to miss!

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story

Listing Office:

  • Office Name: TWRG REALTY GROUP
  • Office Phone: (908) 355-1717

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: 1 Car Width, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Between Avon Ave. and Madison Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
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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

22 Farley Ave vs Newark

13 DAYS ON ROCKET

-62 Days

$599,000

+$202.8K More

KEY TAKEAWAY

This property is $202.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3924615

Listing Office:

  • Office Name: TWRG REALTY GROUP
  • Office Phone: (908) 355-1717

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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: 11/22/2024, 12:55:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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-543868
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.67 miles

  • Public District Grades PK-6

school-card-donut-543869
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-543870
3
/10

  • Berkeley Terrace Elementary School

  • 787 Grove St

  • 1.03 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,538. The most common annual income of people living in Newark, NJ is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07108›22 Farley Ave

This home is located at 22 Farley Ave in Newark City, NJ and zip code 07108 in the South Ward neighborhood. This home sits on a 0.09 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $599,000.

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. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.

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

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