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 #3889484 - 1530 SF warehouse adjacent to vacant land located at 28-30 Clifton St.
Property Details
Property Features
Listing Office:
Office Name: COLDWELL BANKER REALTY
Office Phone: (973) 226-2577
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.11 Acres
Other
Directions Information:
Directions: Frelinghuysen Ave or Elizabeth Ave to Clifton St to 261-263 Sherman Ave
Price Information
Listing Price Info
Price Summary:
List Price: $600,000
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.
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, 12:20:46 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
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Newark Educators Community Charter School
9-11 Hill St
Distance between this listing and this school1.31 miles
Public Charter Grades PK-4
1
/10
East Ward Elementary School
104 Oliver St
Distance between this listing and this school1.34 miles
Public District Grades PK-3
2
/10
Harriet Tubman Elementary School
504 S 10th St
Distance between this listing and this school1.48 miles
Public District Grades PK-6
Nearby Schools
1
/10
Belmont Runyon Elementary School
1 Belmont Ruyon Way
Distance between this listing and this school0.53 miles
Public District Grades PK-8
5
/10
Louise Spencer Elementary School
66 Muhammad Ali Ave
Distance between this listing and this school0.66 miles
Public District Grades PK-8
2
/10
Dayton Street Elementary School
433 Peshine Ave
Distance between this listing and this school0.75 miles
Public District Grades PK-8
Nearby Schools
2
/10
Malcom X Shabazz High School
80 Johnson Ave
Distance between this listing and this school0.23 miles
Public District Grades 9-12
5
/10
Team Academy Charter School
60 Park Pl Ste 802
Distance between this listing and this school0.76 miles
Public Charter Grades KG-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.02 miles
The neighbors living near this home have an average income of $39,595. Typical income of Newark, NJ residents is between $35k-100k annually. Most families are single, no 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 Sherman Ave
What is the listing price of this property?
The listing price of 261 Sherman Ave property is $600,000.
What type of property is this?
The property 261 Sherman Ave is land located in Newark City, New Jersey, 07114.
Is this property for sale now?
Active Listing: 261 Sherman Ave is For Sale (Active/New) which means the seller is accepting offers.
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 Sherman Ave in Newark City, NJ and zip code 07114 in the South Ward neighborhood. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $600,000.
While more than 24 listings in Newark, NJ in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. 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.
Continuing Education Courses
Continuing Education Courses
Pro Wrestling
Soccer
Express/Express For Men
Burlington
Forever 21
Qdoba
Cicis Pizza
Dominos Pizza
Volkswagen
Pontiac
Mazda
Urban Contemporary
Rhythmic Contemporary Hits
Jazz