9 months on rocket

261-263 Sherman Ave, Newark, NJ, 07114

$600,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
WaterfrontNone
MLS #24006780
StatusActive

About 261-263 Sherman Ave

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
  • Office Phone: (973) 226-2577
  • Listing Agent: Aja Ann Mauceri

Exterior Features

Exterior Information:

  • Waterfront: None

Lot Features

Lot Information:

  • Lot: Cleared

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000

Tax Information:

  • Annual Amount: $1,619
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

Med. Sold Price

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

261-263 Sherman Ave vs Newark

286 DAYS ON ROCKET

+272 Days

$600,000

+$200K More

KEY TAKEAWAY

This property is $200K 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
  • Office Phone: (973) 226-2577
  • Listing Agent: Aja Ann Mauceri

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: 12/18/2024, 2:21:02 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

YEARPROP. TAXASSESSMENT
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

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-4327785
1
/10
  • East Ward Elementary School

  • 104 Oliver St

  • 1.55 miles

  • Public District Grades PK-3

school-card-donut-4327786
4
/10
  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 1.55 miles

  • Public Charter Grades PK-4

school-card-donut-4327787
2
/10
  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 1.63 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,841. The majority of Newark, NJ residents have income less than $35k annually. Residents typically live in single, with kids family. 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 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).
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Rocket HomesNew JerseyEssex CountyNewark07114261-263 Sherman Ave

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 November 2024, from all listings sold in Newark, NJ there were more than 22 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. In November 2024 in Newark, NJ there were 13.5% more homes for sale than in October 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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