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261-263 Sherman Ave, Newark, NJ, 07114

$600,000

Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
WaterfrontNone
MLS #24006780
StatusActive
(ACTIVE)

About 261-263 Sherman Ave

Attention investors/developers - ready to build in prime location? 50 x 100 clear level buildable lot subject to city approvals. Zoned C-2. Buyer is responsible to perform due diligence for use/zoning/city approvals. Well located within close proximity to 78, NJ Turnpike, 1-9 and Newark Liberty International Airport. Also for sale MLS #24006765 - 1530 SF warehouse adjacent to vacant land located at 28-30 Clifton St.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker, Caldwell
  • Listing Agent: Aja Ann Mauceri

Exterior Features

Exterior Information:

  • Waterfront: None

Lot Features

Lot Information:

  • Lot: Cleared

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000

Tax Information:

  • Annual Amount: $1,619
  • 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. List Price

$449.9K

Med. Price/SqFt

$234

Avg. Days On Market

97

# of Sold Homes

24

261-263 Sherman Ave vs Newark

51 DAYS ON ROCKET

-46 Days

$600,000

+$150K More

KEY TAKEAWAY

This property is $150K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24006780

Listing Office:

  • Office Name: Coldwell Banker, Caldwell
  • Listing Agent: Aja Ann Mauceri

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: 4/27/2024, 8:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,619$57,500
2019$2,123$57,500
2018$2,047$57,500
2017$2,047$57,500

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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.

High School

school-card-donut-1112408
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 0.41 miles

  • Public District Grades 9-12

school-card-donut-1112409
1
/10

  • Central High School

  • 250 18th Ave

  • 1.17 miles

  • Public District Grades 9-12

school-card-donut-1112410
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 1.51 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 $32,841. The majority of Newark, NJ residents have income less than $35k annually. The majority of families are single, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 261-263 Sherman Ave

What is the listing price of this property?

The listing price of 261-263 Sherman Ave property is $600,000.

What type of property is this?

The property 261-263 Sherman Ave is land located in Newark, New Jersey, 07114.

Is this property for sale now?

Active Listing: 261-263 Sherman Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 261-263 Sherman Ave are:
Malcom X Shabazz High School: GreatSchools Rating 1/10
Central High School: GreatSchools Rating 1/10
Weequahic High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,619 (source: MLS/based on county public records data).
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Rocket Homes›New Jersey›Essex County›Newark›07114›261-263 Sherman Ave

This home is located at 261-263 Sherman Ave in Newark, NJ and zip code 07114 in the Dayton neighborhood. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $600,000.

The number of homes for sale in Newark, NJ increased by 31.1% between February 2024 and March 2024. 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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