2 months on rocket

38 Palm St, Newark City, NJ, 07106

$829,000

Home List Price

$9,844*

Closing Credit

7 Bedrooms
4 Full Baths, 1 Partial
Multi

Location

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38 Palm St, Newark$829,000

Buyer Closing Credits

$9,844*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingConcrete, Attached Garage
Attached Garage2 spaces
Year BuiltNew Const., 2025
HeatingMulti Unit(s), Forced Air, Natural Gas
CoolingMulti Unit(s), Central Air
MLS #3924195
Lot Size0.08 Acres
StatusActive

About 38 Palm St

1 Brand new 2 fam under home under construction , 1st garage , utility room, rec room, with half bath connection to apartment #1 with 3 bedrooms, living room, dining room, kitchen 2 full baths . Apartment #2 3 bedrooms , living room, dining room, kitchen and 2 baths. Wood and ceramic floors , central ac separate utilities , 10 year HOW , owner occupied house may qualify for 5 year tax abetment laundry hook ups. lot size 35x100 . house foot print 22x61. side yard w 15 feet and future possible driveway

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 2025

Listing Office:

  • Office Name: EXIT REALTY LUCKY ASSOCIATES
  • Office Phone: (908) 289-7746

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave
  • Basement: No
  • Interior: Carbon Monoxide Detector, Smoke Detector, Tile Floors

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: FencVnyl

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Concrete, Attached Garage

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Multi Unit(s), Forced Air, Natural Gas
  • Cooling: Multi Unit(s), Central Air

Other

Directions Information:

  • Directions: south orange av to Sanford to Palm

Price Information

Listing Price Info

Price Summary:

  • List Price: $829,000
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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

38 Palm St vs Newark

61 DAYS ON ROCKET

-14 Days

$829,000

+$432.8K More

KEY TAKEAWAY

This property is $432.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3924195

Listing Office:

  • Office Name: EXIT REALTY LUCKY ASSOCIATES
  • Office Phone: (908) 289-7746

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: 11/17/2024, 2:20:47 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.

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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,552

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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-375584
2
/10

  • Benjamin Banneker Academy

  • 500 S Clinton St

  • 0.34 miles

  • Public District Grades PK-6

school-card-donut-375585
6
/10

  • Langston Hughes Elementary School

  • 160 Rhode Island Ave

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-375586
2
/10

  • University Elementary School

  • 1 University Pl

  • 0.99 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 $32,734. Typical income of Newark, NJ residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07106›38 Palm St

This home is located at 38 Palm St in Newark City, NJ and zip code 07106 in the West Ward neighborhood. This home, which was built in 2025, sits on a 0.08 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $829,000.

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. Between September 2024 and October 2024, Newark, NJ real estate market has seen increase in the number of listings 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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