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Backup Offers

51 Oakland Ter, Newark, NJ, 07106

$669,999

Home List Price

$7,956*

Closing Credit

0 Baths
Multi

Location

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51 Oakland Ter, Newark$669,999

Buyer Closing Credits

$7,956*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage, Built-In Garage, 1-2 Car Parking
Attached Garage1 space
Year Built2007
HeatingHot Water
MLS #2505045R
StatusAccepting Backup Offers
(Under Contract)

About 51 Oakland Ter

Discover this beautifully maintained two-family home, nestled in the heart of Newark's sought after Upper Vailsburg neighborhood. This spacious, sun-filled property is the perfect investment opportunity with easy access to parks, schools, shopping, transportation to NYC, and is close to Seton Hall University. Each unit offers three ample sized bedrooms, two full baths, including a primary bedroom with an ensuite bathroom, separate living and dining room, and plenty of storage. Both units share a laundry room with a washer/dryer hookup and have separate utilities. The first floor unit also includes a fully finished walkout basement with a bonus room, full bath, and separate entrance. Property is located in R2 Zone. Speak with the town about possible three-family conversion. Showings begin on 10/16.

Property Details

Property Features

Property Information:

  • Year Built: 2007
  • Stories: 3

Listing Office:

  • Office Name: EXP REALTY, LLC

Interior Features

Interior Information:

  • Appliances: Water Heater, Range, Oven, Refrigerator
  • Interior: Unit 1(Dining Room, 3 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(Dining Room, 3 Bedrooms, Kitchen, Living Room, 2+ Baths)

Exterior Features

Exterior Information:

  • Exterior: Sidewalk, Fencing/Wall, Yard

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Garage, Built-In Garage, 1-2 Car Parking

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Hot Water

Price Information

Listing Price Info

Price Summary:

  • List Price: $669,999

Tax Information:

  • Annual Amount: $6,846
  • Tax Year: 2020
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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

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

51 Oakland Ter vs Newark

62 DAYS ON ROCKET

+48 Days

$669,999

+$269.9K More

KEY TAKEAWAY

This property is $269.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2505045R

Listing Office:

  • Office Name: EXP REALTY, LLC

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 14, 2013Home Sold
$215,000
Jan 09, 2008Home Sold
$480,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,846$243,200
2019$8,981$243,200
2018$8,658$243,200
2017$8,658$243,200

History based on county public records data.

Payment Calculator

$3,411

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,075

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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-4451692
2
/10

  • Benjamin Banneker Academy

  • 500 S Clinton St

  • 0.68 miles

  • Public District Grades PK-6

school-card-donut-4451693
2
/10

  • Madison Avenue

  • 173 Madison Ave

  • 0.90 miles

  • Public District Grades PK-5

school-card-donut-4451694
2
/10

  • University Elementary School

  • 1 University Pl

  • 0.94 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 $83,036. The majority of Newark, NJ residents have income between $35k-100k annually. Most families are single, no kids. 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›51 Oakland Ter

This home is located at 51 Oakland Ter in Newark, NJ and zip code 07106 in the West Ward neighborhood. This home was built in 2007. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $669,999.

In November 2024 more than 22 listings in Newark, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of homes for sale in Newark, NJ increased by 13.5% between October 2024 and November 2024. Listings spent 14 days on the market in November 2024, and had a median list price of $400,000 during the same period.

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

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