8 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
ParkingPark Space
HeatingNatural Gas
CoolingNone
BasementYes
WaterfrontNone
FireplaceNone
MLS #24005210
StatusActive
(ACTIVE)

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
  • Listing Agent: Lea Governale

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood
  • Fireplace: None

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Fabricated Stucco, Hdwd As In

Parking Information:

  • Parking: Park Space

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Weequahic High School, Public District Grades 9-12
  • Louise Spencer Elementary School, Public District Grades PK-8

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

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

9 Madison Ave vs Newark

257 DAYS ON ROCKET

+182 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
  • 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: 11/5/2024, 8:20:51 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

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.

Elementary School

school-card-donut-1913937
5
/10

  • Louise Spencer Elementary School

  • 66 Muhammad Ali Ave

  • 0.34 miles

  • Public District Grades PK-8

High School

school-card-donut-1913938
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 0.29 miles

  • Public District Grades 9-12

school-card-donut-1913939
1
/10

  • Central High School

  • 250 18th Ave

  • 0.49 miles

  • Public District Grades 9-12

school-card-donut-1913940
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 1.68 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 $11,735. The most common annual income of people living in Newark, NJ is less than $35k. Typical family type is single, with 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

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.

In October 2024, from all listings sold in Newark, NJ there were more than 24 sold above asking price, over 7 sold below and more than 3 were sold right at the asked price. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. In October 2024 median list price was $396,125 and the average listing age was 75 days.

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

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