2 months on rocket

305 S 7th St, Newark City, NJ, 07103

$399,000

Home List Price

$4,738*

Closing Credit

5 Bedrooms
2 Full Baths
Multi

Location

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305 S 7th St, Newark$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1989
HeatingNatural Gas
BasementYes
MLS #3922834
Lot Size0.05 Acres
StatusActive

About 305 S 7th St

Fantastic rental income opportunity! This vacant property is move-in ready and perfect for adding to your portfolio. Whether you're looking to live in it or rent it out, it offers easy access to public transportation. Don't miss out!

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story
  • Year Built: 1989

Listing Office:

  • Office Name: NIGITO REAL ESTATE LLC
  • Office Phone: (201) 261-2100

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: SOUTH ORANGE AVE TO SOUTH 7TH ST

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
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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

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

305 S 7th St vs Newark

73 DAYS ON ROCKET

-2 Days

$399,000

+$2.8K More

KEY TAKEAWAY

This property is $2.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3922834

Listing Office:

  • Office Name: NIGITO REAL ESTATE LLC
  • Office Phone: (201) 261-2100

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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, 6:20:46 PM 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

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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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-695966
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.31 miles

  • Public District Grades PK-6

school-card-donut-695967
5
/10

  • Sir Isaac Newton Elementary School

  • 150 Newton St

  • 0.50 miles

  • Public District Grades PK-1

school-card-donut-695968
2
/10

  • Grove Street Elementary School

  • 602 Grove St

  • 0.81 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,978. 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

Rocket Homes›New Jersey›Essex County›Newark›07103›305 S 7th St

This home is located at 305 S 7th St in Newark City, NJ and zip code 07103 in the West Ward neighborhood. This home, which was built in 1989, sits on a 0.05 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $399,000.

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 inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. 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.

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