10 months on rocket

9 Madison Ave, Newark, NJ, 07108

$1,690,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
3 Full Baths, 2 Partial
Multi

Location

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9 Madison Ave, Newark$1,690,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
MLS #24005210
StatusActive

About 9 Madison Ave

Very huge building approved for 3 family dwelling. Currently being used a a shelter (Class 1 Shelter) and approved for 39 people. Zoning is already approved for shelter and new owner doesn't need new zoning. However only the building is offered for sale. This landmark historic building features 15 bedrooms, 3 living rooms, laundry room, 3 full and 2 half baths, new heating unit and parking for 4 cars.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker, Jersey City
  • Office Phone: (201) 963-1400
  • Listing Agent: Lea Governale

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 16

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,690,000

Tax Information:

  • Annual Amount: $6,266
  • 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

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

9 Madison Ave vs Newark

300 DAYS ON ROCKET

+286 Days

$1,690,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24005210

Listing Office:

  • Office Name: Coldwell Banker, Jersey City
  • Office Phone: (201) 963-1400
  • Listing Agent: Lea Governale

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: 12/18/2024, 6:21:07 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

Dec 28, 2015Home Sold
$360,000
May 05, 2014Home Sold
$300,000
May 02, 2014Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,266$222,600
2019$8,220$222,600
2018$7,925$222,600
2017$7,925$222,600

History based on county public records data.

Payment Calculator

$8,502

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,133

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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-4424518
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.98 miles

  • Public District Grades PK-6

school-card-donut-4424519
4
/10

  • Newark Educators Community Charter School

  • 9-11 Hill St

  • 1.01 miles

  • Public Charter Grades PK-4

school-card-donut-4424520
5
/10

  • Sir Isaac Newton Elementary School

  • 150 Newton St

  • 1.08 miles

  • Public District Grades PK-1

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,735. Most Newark, NJ residents have annual incomes less than $35k. Typical family type is single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07108›9 Madison Ave

This home is located at 9 Madison Ave in Newark, NJ and zip code 07108 in the South Ward neighborhood. Features: 16 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $1,690,000.

While more than 22 listings in Newark, NJ in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Newark, NJ increased by 13.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $400,000, while the average time on the real estate market was 14 days.

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

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