20 days on rocket

389 Lyons Ave, Newark, NJ, 07112

$750,000

Home List Price

$8,906*

Closing Credit

7 Bedrooms
3 Full Baths
Multi

Location

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389 Lyons Ave, Newark$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPark Space
Year BuiltNew Const.
HeatingElectric
CoolingHeat Pump
BasementYes
WaterfrontNone
FireplaceNone
MLS #24033387
StatusActive
(ACTIVE)

About 389 Lyons Ave

OWNER INCENTIVE. ASSUMABLE FHA MORTGAGE-3% INTEREST RATE FOR 27 YEARS! New Construction (2021) Current Rental income is $4562 Plus Basement with plumbing in place. First Floor Unit (3Bed/1Bath) 3 queen-size bedrooms Open kitchen with a breakfast bar Granite counters +stainless steel appliances +Access to outdoor space ($2062 current rent) Second Floor Unit (Duplex): 4 bedrooms, 2 bathrooms Large living room and dining area Master bedroom suite with room for an office, bathroom suite, and walk-in closet ($2500 current rent). Additional Features: Three separate meters for easy management of utilities All-electric home, keeping overhead costs low Investor-friendly setup with strong rental potential.

Property Details

Property Features

Listing Office:

  • Office Name: Yaffa Realty
  • Office Phone: (408) 504-0767
  • Listing Agent: Melissa Solin

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Aluminum, None

Parking Information:

  • Parking: Park Space

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • George Washington Carver Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000

Tax Information:

  • Annual Amount: $5,603
  • Tax Year: 2017
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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

389 Lyons Ave vs Newark

20 DAYS ON ROCKET

-55 Days

$750,000

+$353.8K More

KEY TAKEAWAY

This property is $353.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24033387

Listing Office:

  • Office Name: Yaffa Realty
  • Office Phone: (408) 504-0767
  • Listing Agent: Melissa Solin

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: 11/5/2024, 8:20:51 AM 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 - $157,400
2019 - $157,400
2018 - $157,400
2017$5,603$157,400

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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.

Elementary School

school-card-donut-1880316
3
/10

  • George Washington Carver Elementary School

  • 333 Clinton Pl

  • 0.27 miles

  • Public District Grades PK-8

High School

school-card-donut-1880317
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.31 miles

  • Public District Grades 9-12

school-card-donut-1880318
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.55 miles

  • Public District Grades 9-12

school-card-donut-1880319
1
/10

  • Central High School

  • 250 18th Ave

  • 1.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,214. Most Newark, NJ residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. 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›07112›389 Lyons Ave

This home is located at 389 Lyons Ave in Newark, NJ and zip code 07112 in the Weequahic neighborhood. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $750,000.

Newark, NJ housing market in October 2024 saw over 24 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. The number of homes for sale in Newark, NJ increased by 25.4% between September 2024 and October 2024. In October 2024 median list price was $396,125 and the average listing age was 75 days.

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

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