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375 Mt Prospect Ave Unit 8B, Newark City, NJ, 07104

$500,000

Home List Price

$5,938*

Closing Credit

3 Bedrooms
2 Full Baths
Condo

Location

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375 Mt Prospect Ave Unit 8B, Newark$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Parking1 Car Width, Assigned, See Remarks, Assigned, Detached Garage
Garage1 space
Year Built9999
HeatingNatural Gas
FireplaceLiving Room, See Remarks, Wood Burning
MLS #3940030
Lot Size1.48 Acres
StatusActive

About 375 Mt Prospect Ave Unit 8B

Discover the perfect blend of timeless elegance and modern luxury in this breathtaking classic condo, featuring 3 bedrooms, 2 baths, and panoramic views of the iconic NYC skyline. Nestled in the prestigious Forest Hill enclave, this penthouse-level residence offers unparalleled sophistication with high ceilings, intricate moldings, original hardware, hardwood floors and ample closet/storage space. Designed for both privacy and convenience, a semi-private elevator leads directly to this elegant home. The oversized living room, bathed in natural light, offers a welcoming space for entertaining, complete with a cozy wood-burning fireplace. The formal dining room, enhanced by banquet seating, makes hosting dinner parties effortless. You will love the updated eat-in kitchen, featuring a charming breakfast nook and ample custom cabinetry. Additionally, the two bedroom suites, each with an elegant bath, provide the perfect balance of privacy and comfort. And, the third bedroom is equipped with floor-to-ceiling shelving, making it an ideal space for a full library. Amenities include two dedicated parking spaces - one conveniently located in the garage - a ground-level storage bin, a grand lobby, a live-in superintendent, and on-site laundry and fitness facilities. Located near Branch Brook Park this property also offers easy access to NYC, major highways, Newark Airport, WholeFoods, downtown shopping and restaurants, and entertainment venues such as The Prudential Center and NJPAC.

Property Details

Property Features

Property Information:

  • Architectural Style: One Floor Unit, Hi-Rise, Townhouse-End Unit
  • Year Built: 9999

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (201) 362-7168

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Gas Range, Gas Oven, Refrigerator
  • Basement: No
  • Flooring Type: Wood
  • Interior: Blinds, CODetect, Elevator, FireExtg, CeilHigh, Intercom, SmokeDet, StereoSy, TubShowr, WlkInCls, WndwTret
  • Fireplace: Living Room, See Remarks, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Privacy Fence

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: 1 Car Width, Assigned, See Remarks, Assigned, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 1.48 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Mt. Prospect Avenue between 2nd Avenue and Abington Avenue E.

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000

HOA Fees:

  • Amount: $881
  • Frequency: Monthly
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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

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

375 Mt Prospect Ave Unit 8B vs Newark

1 DAY ON ROCKET

-30 Days

$500,000

+$60K More

KEY TAKEAWAY

This property is $60K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #3940030

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (201) 362-7168

Information deemed reliable but not guaranteed. Copyright © 2025 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: 1/8/2025, 12:55:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$3,444

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-1073861
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.09 miles

  • Public District Grades PK-4

school-card-donut-1073862
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.43 miles

  • Public District Grades PK-4

school-card-donut-1073863
5
/10

  • Washington Elementary School

  • 80 Belgrove Dr

  • 0.90 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,675. Residents of Newark, NJ typically earn between $35k-100k each year. Typical family type is 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 375 Mt Prospect Ave Unit 8B

What is the listing price of this property?

The listing price of 375 Mt Prospect Ave Unit 8B property is $500,000.

What type of property is this?

The property 375 Mt Prospect Ave Unit 8B is a condo located in Newark City, New Jersey, 07104.

Is this property for sale now?

Active Listing: 375 Mt Prospect Ave Unit 8B is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 375 Mt Prospect Ave Unit 8B has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 375 Mt Prospect Ave Unit 8B is 9999.

Rocket Homes›New Jersey›Essex County›Newark›07104›375 Mt Prospect Ave Unit 8B

This home is located at 375 Mt Prospect Ave Unit 8B in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home, which was built in 9999, sits on a 1.48 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 06, 2025 and is currently priced at $500,000.

In December 2024 more than 17 listings in Newark, NJ were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 8 were sold below. In December 2024 in Newark, NJ there were 10.8% more homes for sale than in November 2024. While the average time on the market in December 2024 was 31 days, the median list price was $440,000.

From Rocket Homes Real Estate and based on county public records data.

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