4 months on rocket

227 Wainwright St Unit 225, Newark, NJ, 07112

$500,000

Home List Price

$5,938*

Closing Credit

4 Bedrooms
2 Full Baths
2,477 SqFt
$202/SqFt
Multi

Location

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227 Wainwright St Unit 225, Newark$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage2 spaces
Year Built1927
HeatingBaseboard
CoolingOther
BasementYes
MLS #22422158
Lot Size0.08 Acres
StatusActive

About 227 Wainwright St Unit 225

AS IS Light Rehab needed and UGT located on the property. CASH ONLY or 203K. BACK ON MARKET DUE TO BUYER INABILITY TO SECURE LOAN. Additional highlights include a spacious backyard, a detached 2-car garage, and a long driveway. This home is ideal for a family wanting to live in one unit while renting out the other or for investors looking for a promising property with rental potential.

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Living Area: 2,477 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Central Monmouth
  • Listing Agent: Nancy Ellithy

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
  • Price Per SqFt: $202/SqFt
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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

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

227 Wainwright St Unit 225 vs Newark

138 DAYS ON ROCKET

+124 Days

$500,000

+$100K More

$202/SqFt

-$18 Less

KEY TAKEAWAY

This property is $100K more than the Median Sold Price and $18/SqFt less than other homes in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22422158

Listing Office:

  • Office Name: Keller Williams Realty Central Monmouth
  • Listing Agent: Nancy Ellithy

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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, 7:21:03 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

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-4446847
4
/10

  • George Washington School

  • 1530 Leslie St

  • 0.54 miles

  • Public District Grades 5-5

school-card-donut-4446848
3
/10

  • Mt. Vernon Avenue Elementary School

  • 54 Mount Vernon Ave

  • 0.68 miles

  • Public District Grades KG-5

school-card-donut-4446849
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 0.82 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 $50,200. Typical income of Newark, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›227 Wainwright St Unit 225

This home is located at 227 Wainwright St Unit 225 in Newark, NJ and zip code 07112 in the Weequahic neighborhood. This 2,477 square foot home, which was built in 1927, sits on a 0.08 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $500,000.

While more than 22 listings in Newark, NJ in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below. The number of listings in Newark, NJ increased by 13.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $400,000, while the average time on the real estate market was 14 days.

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

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