12 days on rocket

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

$790,000

Home List Price

$9,381*

Closing Credit

6 Bedrooms
4 Full Baths, 1 Partial
Multi

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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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.

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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

470 S 16th St vs Newark

12 DAYS ON ROCKET

-63 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

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, 12:20:46 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

$4,010

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,435

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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-611244
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.42 miles

  • Public District Grades PK-6

school-card-donut-611245
2
/10

  • Grove Street Elementary School

  • 602 Grove St

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-611246
2
/10

  • University Elementary School

  • 1 University Pl

  • 0.84 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 $36,442. Most Newark, NJ residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically 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.

Over 24 listings were sold over their listed price in October 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 3 listings were sold for the listed price. The number of listings 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.

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

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