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245 Elm St, Newark, NJ, 07105

$640,000

Home List Price

$7,600*

Closing Credit

6 Bedrooms
3 Full Baths
Multi

Location

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245 Elm St, Newark$640,000

Buyer Closing Credits

$7,600*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24050356
StatusActive

About 245 Elm St

MASSIVE two family home with high ceilings and even higher rents- not to mention separate walkout basement with full bathroom. Large bedrooms, skylight, Bosch tankless water heaters, updated bathrooms, spiral staircase outside and so much more. The ironbound- is the place to own & live! Come turn this house into a home before someone else does!

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty - NJ Metro Group
  • Office Phone: (973) 783-7400
  • Listing Agent: Brendan Dasilva

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Price Information

Listing Price Info

Price Summary:

  • List Price: $640,000

Tax Information:

  • Annual Amount: $4,625
  • 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

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

245 Elm St vs Newark

1 DAY ON ROCKET

-13 Days

$640,000

+$240K More

KEY TAKEAWAY

This property is $240K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24050356

Listing Office:

  • Office Name: Keller Williams Realty - NJ Metro Group
  • Office Phone: (973) 783-7400
  • Listing Agent: Brendan Dasilva

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: 12/21/2024, 9:21:10 PM 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$4,625$164,300
2019$6,067$164,300
2018$5,849$164,300
2017$5,849$164,300

History based on county public records data.

Payment Calculator

$3,262

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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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-789063
1
/10

  • East Ward Elementary School

  • 104 Oliver St

  • 0.42 miles

  • Public District Grades PK-3

school-card-donut-789064
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 1.12 miles

  • Public Charter Grades PK-4

school-card-donut-789065
5
/10

  • Hamilton Intermediate School

  • 223 Hamilton St

  • 1.41 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 $47,128. The most common annual income of people living in Newark, NJ is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07105›245 Elm St

This home is located at 245 Elm St in Newark, NJ and zip code 07105 in the East Ward neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $640,000.

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 number of listings in Newark, NJ increased by 13.5% between October 2024 and November 2024. While the average time on the market in November 2024 was 14 days, the median list price was $400,000.

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

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