470 S 16th St, Newark City, NJ, 07103

Location

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470 S 16th St, Newark$790,000

Buyer Closing Credits

$9,381^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

Parking1 Car Width, Built-In Garage

Garage1 space

Year Built2022

HeatingMulti Unit(s), Forced Air, Other, Natural Gas

CoolingMulti Unit(s), Central Air, Other

MLS #3933700

Lot Size0.06 Acres

StatusActive

About 470 S 16th St

Welcome to this modern contemporary multi-family home that constructed in 2022 with 3 years left of tax abatement in Newark! Unit 1 features 3 bedrooms, 2.5 bathrooms, While unit 2 offer 3 bedrooms and 2 full baths, beautiful wood flooring, and an updated kitchen and built-in cabinets. Situated in a prime location with excellent public transportation options, the property is perfect for both homeowners and investors. With nearby schools, shopping, and a walkable neighborhood, it combines style, functionality, and accessibility. Don't miss the opportunity to own this exceptional home! Photos were taken before the tenants moved in.

Property Details

Property Features

Property Information:

Architectural Style: 3-Three Story
Year Built: 2022

Listing Office:

Office Name: EXP REALTY, LLC
Office Phone: (908) 913-8708

Interior Features

Interior Information:

Appliances: Dishwasher, Microwave, Other
Basement: No
Interior: Wood Floors

Bedroom and Bathroom Information:

Partial Bathrooms: 1
Full Bathrooms: 4
Total Bedroom Count: 6

Exterior Features

Exterior Information:

Exterior: Metal Fence

Parking Information:

Garage Space: 1 space
Parking: 1 Car Width, Built-In Garage

Lot Features

Lot Information:

Lot: Level
Lot Size: 0.06 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

Directions: 15th Ave. to S. 16th St.

Price Information

Listing Price Info

Price Summary:

List Price: $790,000

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Housing Market Comparison

See how this home compares to others in Newark, NJ.

Newark, NJ

City

Med. Sold Price

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

# of Sold Homes

470 S 16th St vs Newark

3 DAYS ON ROCKET

-72 Days

$790,000

+$393.8K More

KEY TAKEAWAY

This property is $393.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Number: #3933700

Listing Office:

Office Name: EXP REALTY, LLC
Office Phone: (908) 913-8708

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Last updated on: 11/14/2024, 12:55:46 AM 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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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

/10

Harriet Tubman Elementary School
504 S 10th St
Distance between this listing and this school0.42 miles
Public District Grades PK-6

/10

Grove Street Elementary School
602 Grove St
Distance between this listing and this school0.44 miles
Public District Grades PK-5

/10

University Elementary School
1 University Pl
Distance between this listing and this school0.84 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

49%

<35k

34%

35k-100k

16%

100k-200k

200k+

What level of education do the neighbors have?

High School: 71%
Post Secondary: 21%
Masters: 9%

What types of families live nearby?

46%

Single, No Kids

34%

Single, with Kids

Married, No Kids

12%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 71%
Home Owners: 29%

How old are people in this area?

20%

<11 yrs old

12%

12-17 yrs old

25%

18-34 yrs old

36%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

Mexican League Soccer
Pro Boxing

Where do the neighbors shop?

Foot Locker
Burlington
Ross Dress For Less

Where do the neighbors go to eat?

Little Caesars
White Castle
Jack In The Box

What do the neighbors drive?

Dodge
Kia
Nissan

What do the neighbors listen to?

Urban Adult Contemporary
Rhythmic Contemporary Hits

The neighbors living near this home have an average income of $36,442. The majority of Newark, NJ residents have income less than $35k annually. Most families are single, no kids. 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›07103›470 S 16th St

This home is located at 470 S 16th St in Newark City, NJ and zip code 07103 in the West Ward neighborhood. This home, which was built in 2022, sits on a 0.06 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $790,000.

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. While the average time on the market in October 2024 was 75 days, the median list price was $396,125.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

More Resources

More Homes For Sale in Newark

Homes For Sale in Nearby Cities

Housing Market Reports in Essex County