3 months on rocket

778 S 16th St, Newark, NJ, 07103

$318,888

Home List Price

$3,787*

Closing Credit

5 Bedrooms
2 Full Baths
House

Location

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778 S 16th St, Newark$318,888

Buyer Closing Credits

$3,787*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingNone, O/See Remk
HeatingNatural Gas, Radiant
CoolingWindow Unit(s)
BasementYes
WaterfrontNone
FireplaceNone
ViewNone
MLS #24029177
StatusActive
(Active Attorney Review)

About 778 S 16th St

Welcome to this fantastic home, offering incredible value with low taxes and solid bones. Perfect for both prospective homeowners and investors looking to expand their portfolios. The property features five generously sized bedrooms and two well-maintained full bathrooms. Tenants are currently up to date with their payments, but the property can be delivered vacant if preferred. This home combines comfort and practicality, making it an ideal choice for anyone seeking a new residence or a smart investment opportunity. Current Rental Income is $2,700.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial

Listing Office:

  • Office Name: Real
  • Office Phone: (855) 450-0442
  • Listing Agent: Michelle A. Tapia

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: None
  • Exterior: None

Parking Information:

  • Attached Garage: No
  • Parking: None, O/See Remk

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $318,888

Tax Information:

  • Annual Amount: $3,361
  • 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

778 S 16th St vs Newark

118 DAYS ON ROCKET

+87 Days

$318,888

-$121.1K Less

KEY TAKEAWAY

This property is $121.1K less than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24029177

Listing Office:

  • Office Name: Real
  • Office Phone: (855) 450-0442
  • Listing Agent: Michelle A. Tapia

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

Listing History

Mar 08, 2016Home Sold
$21,500
Jan 08, 2016Home Sold
$185,522

Tax History

YEARPROP. TAXASSESSMENT
2020$3,361$119,400
2019$4,409$119,400
2018$4,251$119,400
2017$4,251$119,400

History based on county public records data.

Payment Calculator

$1,659

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,023

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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-783328
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-783329
3
/10

  • Berkeley Terrace Elementary School

  • 787 Grove St

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-783330
2
/10

  • Grove Street Elementary School

  • 602 Grove St

  • 0.61 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 $23,077. Most Newark, NJ residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 778 S 16th St

What is the listing price of this property?

The listing price of 778 S 16th St property is $318,888.

What type of property is this?

The property 778 S 16th St is a house located in Newark, New Jersey, 07103.

Is this property for sale now?

Active Listing: 778 S 16th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,361 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 8, 2016 for $21,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 778 S 16th St has 5 bedrooms and 2 bathrooms.

Rocket Homes›New Jersey›Essex County›Newark›07103›778 S 16th St

This home is located at 778 S 16th St in Newark, NJ and zip code 07103 in the West Ward neighborhood. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $318,888.

Over 17 listings were sold over their listed price in December 2024 in Newark, NJ. In the same period over 8 listings were sold below the listed price and 6 listings were sold for the listed price. Between November 2024 and December 2024, Newark, NJ real estate market has seen increase in the number of listings by 10.8%. In December 2024 median list price was $440,000 and the average listing age was 31 days.

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

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