6 months on rocket

794 Bergen St, Newark City, NJ, 07108

$759,999

Home List Price

$9,025*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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794 Bergen St, Newark$759,999

Buyer Closing Credits

$9,025*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn-Street Parking, See Remarks, See Remarks
Year Built1902
HeatingOther
CoolingOther
BasementYes
MLS #3905487
StatusActive

About 794 Bergen St

Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental rate adjustments to maximize your returns.Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized.As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development. Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home.MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program.. It provides $20,000 no-interest forgivable loans to purchase a home in Newark

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1902

Listing Office:

  • Office Name: WEICHERT REALTORS
  • Office Phone: (973) 376-4545

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: On-Street Parking, See Remarks, See Remarks

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: PLEASE USE GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $759,999
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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

794 Bergen St vs Newark

189 DAYS ON ROCKET

+175 Days

$759,999

+$359.9K More

KEY TAKEAWAY

This property is $359.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3905487

Listing Office:

  • Office Name: WEICHERT REALTORS
  • Office Phone: (973) 376-4545

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: 12/18/2024, 12:55:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,861

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,345

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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-4430230
4
/10

  • Thurgood Marshall Elementary School

  • 141 Montgomery Ave # 181

  • 1.05 miles

  • Public District Grades PK-5

school-card-donut-4430231
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 1.25 miles

  • Public District Grades PK-6

school-card-donut-4430232
3
/10

  • Berkeley Terrace Elementary School

  • 787 Grove St

  • 1.37 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 $34,077. Most Newark, NJ residents have annual incomes less than $35k. The majority of families are single, with 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›07108›794 Bergen St

This home is located at 794 Bergen St in Newark City, NJ and zip code 07108 in the South Ward neighborhood. This home was built in 1902. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $759,999.

Over 22 listings were sold over their listed price in November 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price. Between October 2024 and November 2024, Newark, NJ real estate market has seen increase in the number of listings by 13.5%. In November 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $400,000.

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

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