1 month on rocket

Sale Pending

248 N 11th St, Newark City, NJ, 07107

$550,000

Home List Price

$6,531*

Closing Credit

6 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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248 N 11th St, Newark$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 Car Width, Driveway-Shared
Year Built1957
HeatingHot Water
BasementYes
MLS #3892090
Lot Size0.07 Acres
StatusSale Pending
(Under Contract)

About 248 N 11th St

Welcome to this charming three-family home, a rare find in the heart of Newark.This stunning white home stands out, showcasing its classic charm and curb appeal. Well-maintained and boasting a shared driveway and a spacious backyard, this property offers both beauty and functionality.Each of the three units features 2 bedrooms and 1 bath as well as a well-designed layout to provide a comfortable retreat, perfect for tenants looking for a peaceful living space.This three-family home is a fantastic investment opportunity, offering the potential for significant rental income. Each apartment is on a month to month lease. Whether you're looking to rent out all three units or live in one and rent out the others, this property provides flexibility and financial upside. Situated in a prime location in Newark, this home offers easy access to public transportation, major highways, and local amenities. Don't miss out on this incredible investment opportunity in Newark, NJ. Schedule a viewing today and see the potential this three-family home has to offer! Home is sold in As is Condition. Please include that Inspections will be limited to structural and environmental.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1957

Listing Office:

  • Office Name: NEST SEEKERS NEW JERSEY LLC
  • Office Phone: (908) 386-5542

Interior Features

Interior Information:

  • Appliances: Refrigerator, Other
  • Basement: Yes
  • Interior: Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: See Remarks, Storage Shed

Parking Information:

  • Parking: 1 Car Width, Driveway-Shared

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Hot Water

School Info

Assigned Schools Information:

  • Barringer High School, Public District Grades 9-12
  • Technology High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Dr. WIlliam Horton Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Springdale Ave and N 11th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
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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

$453K

Med. Price/SqFt

$241

Avg. Days On Market

93

# of Sold Homes

20

248 N 11th St vs Newark

44 DAYS ON ROCKET

-49 Days

$550,000

+$97K More

KEY TAKEAWAY

This property is $97K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3892090

Listing Office:

  • Office Name: NEST SEEKERS NEW JERSEY LLC
  • Office Phone: (908) 386-5542

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: 5/5/2024, 2:20:31 PM 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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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-6494203
4
/10

  • Dr. WIlliam Horton Elementary School

  • 291 N 7th St

  • 0.31 miles

  • Public District Grades KG-8

High School

school-card-donut-6494204
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.79 miles

  • Public District Grades 9-12

school-card-donut-6494205
8
/10

  • Technology High School

  • 223 Broadway

  • 1.18 miles

  • Public District Grades 9-12

school-card-donut-6494206
1
/10

  • Central High School

  • 250 18th Ave

  • 2.39 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 $41,000. Residents of Newark, NJ typically earn less than $35k each year. 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›07107›248 N 11th St

This home is located at 248 N 11th St in Newark City, NJ and zip code 07107 in the North Ward neighborhood. This home, which was built in 1957, sits on a 0.07 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $550,000.

The number of listings in Newark, NJ increased by 25.9% between March 2024 and April 2024. In April 2024, listings were on the market for 93 days. During the same period, the median list price in this real estate market was $453,000.

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

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