2 months on rocket

7 Mapes Ter, Newark, NJ, 07112

$499,999

Home List Price

$5,937*

Closing Credit

7 Bedrooms
3 Full Baths
Multi

Location

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7 Mapes Ter, Newark$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24033808
StatusActive
(Active Attorney Review)

About 7 Mapes Ter

Legal brick 3 family house, featuring 7 bedrooms, 3 full bathrooms, parking and a full baseman, tons of potential, property needs some TLC but it has great potential. Property is being sold in as is condition

Property Details

Property Features

Listing Office:

  • Office Name: Weichert Realtors, Jersey City
  • Office Phone: (201) 333-4443
  • Listing Agent: Sandy Cuevas

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999

Tax Information:

  • Annual Amount: $4,718
  • 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

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

7 Mapes Ter vs Newark

79 DAYS ON ROCKET

+48 Days

$499,999

+$59.9K More

KEY TAKEAWAY

This property is $59.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24033808

Listing Office:

  • Office Name: Weichert Realtors, Jersey City
  • Office Phone: (201) 333-4443
  • Listing Agent: Sandy Cuevas

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© 2025 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: 1/7/2025, 2:21:04 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$4,718$167,600
2019$6,189$167,600
2018$5,967$167,600
2017$5,967$167,600

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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

school-card-donut-817425
4
/10

  • George Washington School

  • 1530 Leslie St

  • 0.90 miles

  • Public District Grades 5-5

school-card-donut-817426
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 0.94 miles

  • Public District Grades PK-5

school-card-donut-817427
3
/10

  • Mt. Vernon Avenue Elementary School

  • 54 Mount Vernon Ave

  • 1.18 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 $39,000. The majority of Newark, NJ residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›7 Mapes Ter

This home is located at 7 Mapes Ter 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 19, 2024 and is currently priced at $499,999.

In December 2024, from all listings sold in Newark, NJ there were more than 17 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. The number of listings in Newark, NJ increased by 10.8% between November 2024 and December 2024. While the average time on the market in December 2024 was 31 days, the median list price was $440,000.

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

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