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68 Grumman Ave, Newark City, NJ, 07112

$689,000

Home List Price

$8,182*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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68 Grumman Ave, Newark$689,000

Buyer Closing Credits

$8,182*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 Car Width, Detached Garage
Garage2 spaces
Year Built1923
HeatingNatural Gas
CoolingNone
BasementYes
MLS #3935384
Lot Size0.08 Acres
StatusActive

About 68 Grumman Ave

68 Grumman Ave in Newark is a spacious and well-maintained three-family property, offering great potential for both investors and homeowners looking for rental income. The first and second floors each feature three comfortable bedrooms and a full bathroom, providing ample space for residents or tenants. The top floor is a cozy two-bedroom, one-bathroom unit, ideal for smaller households or additional rental opportunities. Each unit is designed with functional layouts, providing residents with plenty of living space and privacy. The property also boasts a desirable location in Newark, with convenient access to local amenities, public transportation, and major highways, making it an excellent choice for those seeking both comfort and convenience. Whether you're looking to live in one unit and rent out the others or seeking an investment property with steady rental income, 68 Grumman Ave offers a solid opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1923

Listing Office:

  • Office Name: KELLER WILLIAMS MID-TOWN DIRECT
  • Office Phone: (347) 470-6144

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: 1 Car Width, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: MAPLE TO GRUMMAN

Price Information

Listing Price Info

Price Summary:

  • List Price: $689,000
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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

68 Grumman Ave vs Newark

1 DAY ON ROCKET

-74 Days

$689,000

+$292.8K More

KEY TAKEAWAY

This property is $292.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3935384

Listing Office:

  • Office Name: KELLER WILLIAMS MID-TOWN DIRECT
  • Office Phone: (347) 470-6144

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, 12:55:46 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.

Payment Calculator

$3,506

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,132

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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-545162
4
/10

  • George Washington School

  • 1530 Leslie St

  • 0.73 miles

  • Public District Grades 5-5

school-card-donut-545163
6
/10

  • Hurden Looker School

  • 1261 Liberty Ave

  • 1.04 miles

  • Public District Grades 3-4

school-card-donut-545164
3
/10

  • Mt. Vernon Avenue Elementary School

  • 54 Mount Vernon Ave

  • 1.40 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,375. Typical income of Newark, NJ residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›68 Grumman Ave

This home is located at 68 Grumman Ave in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. This home, which was built in 1923, sits on a 0.08 acre lot. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $689,000.

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 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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