Attention investors/developers - ready to build in prime location? 50 x 100 clear level buildable lot subject to city approvals. Zoned C-2. Buyer is responsible to perform due diligence for use/zoning/city approvals. Well located within close proximity to 78, NJ Turnpike, 1-9 and Newark Liberty International Airport. Also for sale MLS #24006765 - 1530 SF warehouse adjacent to vacant land located at 28-30 Clifton St.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker, Caldwell
Listing Agent: Aja Ann Mauceri
Exterior Features
Exterior Information:
Waterfront: None
Lot Features
Lot Information:
Lot: Cleared
School Info
Assigned Schools Information:
Malcom X Shabazz High School, Public District Grades 9-12
Central High School, Public District Grades 9-12
Weequahic High School, Public District Grades 9-12
Price Information
Listing Price Info
Price Summary:
List Price: $600,000
Tax Information:
Annual Amount: $1,619
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newark, NJ.
This property is $203.8K more than the Median Sold Price in Newark, NJ.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #24006780
Listing Office:
Office Name: Coldwell Banker, Caldwell
Listing Agent: Aja Ann Mauceri
Disclaimer: 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.
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: 11/5/2024, 5:20:50 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
YEAR
PROP. TAX
ASSESSMENT
2020
$1,619
$57,500
2019
$2,123
$57,500
2018
$2,047
$57,500
2017
$2,047
$57,500
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,062
Per Month
Principal & Interest
$2,995
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,865
Powered By
Advertisement
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.
High School
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school0.41 miles
Public District Grades 9-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.17 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school1.51 miles
Public District Grades 9-12
Nearby Schools
4
/10
Belmont Runyon Elementary School
1 Belmont Ruyon Way
Distance between this listing and this school0.35 miles
Public District Grades PK-8
3
/10
Dayton Street Elementary School
433 Peshine Ave
Distance between this listing and this school0.61 miles
Public District Grades PK-8
5
/10
Louise Spencer Elementary School
66 Muhammad Ali Ave
Distance between this listing and this school0.90 miles
Public District Grades PK-8
Nearby Schools
1
/10
Eagle Academy
123 Muhammad Ali Ave
Distance between this listing and this school1.00 miles
Public District Grades 6-7
3
/10
Marion P. Thomas Charter School
370 S 7th St # 374
Distance between this listing and this school1.67 miles
Public Charter Grades PK-8
9
/10
The Gray Charter School
55 Liberty St
Distance between this listing and this school1.73 miles
Public Charter Grades KG-8
Assigned Schools
1
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school0.41 miles
Public District Grades 9-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.17 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $32,841. Most Newark, NJ residents have annual incomes less than $35k. The majority of families are single, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 261-263 Sherman Ave
What is the listing price of this property?
The listing price of 261-263 Sherman Ave property is $600,000.
What type of property is this?
The property 261-263 Sherman Ave is land located in Newark, New Jersey, 07114.
Is this property for sale now?
Active Listing: 261-263 Sherman Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 261-263 Sherman Ave are: Malcom X Shabazz High School: GreatSchools Rating 1/10Central High School: GreatSchools Rating 1/10Weequahic High School: GreatSchools Rating 1/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,619 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 261-263 Sherman Ave in Newark, NJ and zip code 07114 in the Dayton neighborhood. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $600,000.
In October 2024, from all listings sold in Newark, NJ there were more than 24 sold above asking price, over 7 sold below and more than 3 were sold right at the asked price. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $396,125, while the average time on the real estate market was 75 days.
From Rocket Homes Real Estate and based on county public records data.
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
Burlington
H&M
Little Caesars
White Castle
Popeyes
Dodge
Kia
Nissan
Urban Adult Contemporary
Rhythmic Contemporary Hits