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
Listing Agent: Lim Bances
Interior Features
Interior Information:
Basement: Yes
Fireplace: 1 Fireplace
Bedroom and Bathroom Information:
Partial Bathrooms: 6
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Other, Mason/stucco, None
Parking Information:
Attached Garage: No
Parking: None
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air, Zoned
Cooling: Central Air, Zoned
Price Information
Listing Price Info
Price Summary:
List Price: $1,350,000
Tax Information:
Annual Amount: $10,622
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 $953.8K more than the Median Sold Price in Newark, NJ.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #24015351
Listing Office:
Office Name: Lim Bances Realty
Listing Agent: Lim Bances
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: 11/22/2024, 10:20:51 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
YEAR
PROP. TAX
ASSESSMENT
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,805
Per Month
Principal & Interest
$6,738
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
$4,114
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
5
/10
Sir Isaac Newton Elementary School
150 Newton St
Distance between this listing and this school0.37 miles
Public District Grades PK-1
2
/10
Harriet Tubman Elementary School
504 S 10th St
Distance between this listing and this school0.40 miles
Public District Grades PK-6
4
/10
Newark Educators Community Charter School
9-11 Hill St
Distance between this listing and this school0.77 miles
Public Charter Grades PK-4
Nearby Schools
1
/10
Camden Street Elementary School
281 Camden St
Distance between this listing and this school0.15 miles
Public District Grades PK-8
2
/10
Cleveland Elementary School
388 Bergen St
Distance between this listing and this school0.19 miles
Public District Grades PK-8
3
/10
New Horizons Community Charter School
45 Hayes St # 59
Distance between this listing and this school0.30 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
Bard Early College High School
321 Bergen St
Distance between this listing and this school0.06 miles
Public District Grades 9-12
3
/10
Peoples Preparatory Charter School
321 Bergen St Rm 211
Distance between this listing and this school0.06 miles
Public Charter Grades 9-12
1
/10
Newark Vocational High School
301 W Kinney St
Distance between this listing and this school0.23 miles
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 most common type of family is single, no kids. Residents of this area typically have high school diploma education.
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.
In October 2024 more than 24 listings in Newark, NJ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $396,125.
From Rocket Homes Real Estate and based on county public records data.