7 months on rocket

286-290 16th Ave, Newark, NJ, 07103

$1,350,000

Home List Price

$10,000*

Closing Credit

6 Partial Baths
Multi

Location

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286-290 16th Ave, Newark$1,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24015351
StatusActive

About 286-290 16th Ave

Welcome to 286 - 290 16th Ave, being sold as a bundle along with 558 S 18th St. A unique and versatile commercial property offering an exciting opportunity for entrepreneurs and investors alike. 286 - 290 16th Ave offers 4 spacious and versatile commercial spaces, perfect for a wide range of businesses, as well as a dance hall, patio, and outdoor kitchen. Don't miss out on the chance to own this exceptional property, schedule a showing today and unlock its full potential.

Property Details

Property Features

Listing Office:

  • Office Name: Lim Bances Realty
  • Office Phone: (973) 232-5187
  • Listing Agent: Lim Bances

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 6

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,350,000

Tax Information:

  • Annual Amount: $10,622
  • 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

286-290 16th Ave vs Newark

222 DAYS ON ROCKET

+208 Days

$1,350,000

+$950K More

KEY TAKEAWAY

This property is $950K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24015351

Listing Office:

  • Office Name: Lim Bances Realty
  • Office Phone: (973) 232-5187
  • Listing Agent: Lim Bances

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: 12/24/2024, 11:21:08 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$10,622$410,000
2019$15,141$410,000
2018$14,596$410,000
2017$14,596$410,000

History based on county public records data.

Payment Calculator

$6,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,114

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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-1444233
5
/10

  • Sir Isaac Newton Elementary School

  • 150 Newton St

  • 0.37 miles

  • Public District Grades PK-1

school-card-donut-1444234
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.40 miles

  • Public District Grades PK-6

school-card-donut-1444235
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 0.77 miles

  • Public Charter Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,958. Typical income of Newark, NJ residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07103›286-290 16th Ave

This home is located at 286-290 16th Ave in Newark, NJ and zip code 07103 in the Central Ward neighborhood. Features: 6 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $1,350,000.

Newark, NJ housing market in November 2024 saw over 22 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. In November 2024 in Newark, NJ there were 13.5% more homes for sale than in October 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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