3 months on rocket

Sale Pending

131 Fairmount Ave, Newark City, NJ, 07103

$525,000

Home List Price

$6,234*

Closing Credit

6 Bedrooms
3 Full Baths
Multi
Schools Nearby

Location

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131 Fairmount Ave, Newark$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, None
Year Built1900
HeatingElectric, Natural Gas
CoolingNone
BasementYes
MLS #3883170
Lot Size0.06 Acres
StatusSale Pending
(Under Contract)

About 131 Fairmount Ave

Don't miss out on this large 3 family home with serious investment potential! All 3 apartments are 2 bedroom 1 bath units that offer ample and versatile living spaces including an eat-in kitchen, dining / living room (can be converted to 3rd bedroom), pantry, and porch. Separate utilities, owners only pays water and common area lights. Once renovated, this property could yield substantial rental income! This is a unique opportunity for investors to capitalize on a high-demand area. Property is being sold in strictly as-is condition. Buyer is responsible for c/o and fire certificates. Cash offers preferred.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1900

Listing Office:

  • Office Name: RE/MAX SELECT
  • Office Phone: (973) 739-8008

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None, None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Technology High School, Public District Grades 9-12
  • Thirteenth Avenue Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: S Orange Ave to Fairmount Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
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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. List Price

$449.9K

Med. Price/SqFt

$234

Avg. Days On Market

97

# of Sold Homes

24

131 Fairmount Ave vs Newark

93 DAYS ON ROCKET

-4 Days

$525,000

+$75K More

KEY TAKEAWAY

This property is $75K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3883170

Listing Office:

  • Office Name: RE/MAX SELECT
  • Office Phone: (973) 739-8008

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: 4/29/2024, 1:55:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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-2806633
3
/10

  • Thirteenth Avenue Elementary School

  • 359 13th Ave

  • 0.22 miles

  • Public District Grades PK-8

High School

school-card-donut-2806634
1
/10

  • Central High School

  • 250 18th Ave

  • 0.94 miles

  • Public District Grades 9-12

school-card-donut-2806635
1
/10

  • Barringer High School

  • 90 Parker St

  • 1.12 miles

  • Public District Grades 9-12

school-card-donut-2806636
8
/10

  • Technology High School

  • 223 Broadway

  • 1.62 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 $33,981. Most Newark, NJ residents have annual incomes less than $35k. Typical family type is single, no 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›07103›131 Fairmount Ave

This home is located at 131 Fairmount Ave in Newark City, NJ and zip code 07103 in the West Ward neighborhood. This home, which was built in 1900, sits on a 0.06 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 26, 2024 and is currently priced at $525,000.

The inventory of homes for sale in Newark, NJ between February 2024 and March 2024 increased by 31.1%. The median list price of listings available in March 2024 was $449,995, while the average time on the real estate market was 97 days.

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

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