1 month 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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Property Highlights

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

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: (917) 286-7674
  • 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:

  • Waterfront: None
  • View: None
  • Exterior: Vinyl, None

Parking Information:

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

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Weequahic High School, Public District Grades 9-12
  • Hawthorne Avenue Elementary School, Public District Grades KG-8

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

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

778 S 16th St vs Newark

55 DAYS ON ROCKET

-20 Days

$318,888

-$77.2K Less

KEY TAKEAWAY

This property is $77.2K less than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24029177

Listing Office:

  • Office Name: Real
  • Office Phone: (917) 286-7674
  • 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© 2024 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: 11/5/2024, 9:20:51 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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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.

Elementary School

school-card-donut-1977127
3
/10

  • Hawthorne Avenue Elementary School

  • 428 Hawthorne Ave

  • 0.69 miles

  • Public District Grades KG-8

High School

school-card-donut-1977128
1
/10

  • Central High School

  • 250 18th Ave

  • 0.98 miles

  • Public District Grades 9-12

school-card-donut-1977129
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.23 miles

  • Public District Grades 9-12

school-card-donut-1977130
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 1.41 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,077. Typical income of Newark, NJ residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

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 are the assigned schools for this property?

The assigned schools for 778 S 16th St are:
Hawthorne Avenue Elementary School: GreatSchools Rating 3/10
Central High School: GreatSchools Rating 1/10
Malcom X Shabazz High School: GreatSchools Rating 1/10
Weequahic High School: GreatSchools Rating 1/10

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.

While more than 24 listings in Newark, NJ in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $396,125.

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

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