4 months on rocket

Sale Pending

353 Fay Ave, Elizabeth City, NJ, 07202

$698,000

Home List Price

$8,289*

Closing Credit

7 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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353 Fay Ave, Elizabeth$698,000

Buyer Closing Credits

$8,289*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway-Shared
Year Built9999
HeatingMulti Unit(s), Natural Gas
BasementYes
MLS #3878057
Lot Size0.06 Acres
StatusSale Pending
(Under Contract)

About 353 Fay Ave

LOCATION,LOCATION! This property is originally a two-family home that has been converted into three legal units. On the first floor, you'll find a three-bedroom unit with a renovated bathroom and kitchen. The convenience of having laundry inside the unit adds to its appeal. The second floor features a two-bedroom unit with one bathroom and an eating kitchen. Please note that the third unit shares an entrance with the second unit. Moving up to the third floor, you'll find another two-bedroom unit with a renovated bathroom and kitchen. However, it's important to mention that the utilities for the third floor are shared with the second floor. The buyer will need to add an extra gas and electrical meter for the third floor. The basement of the property is finished and includes two rooms and a fully renovated bathroom. This property will be delivered fully vacant and is being sold in "as is" condition. Once all the units are rented out at market value, the total monthly rent potential of this property is $7,500

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 9999

Listing Office:

  • Office Name: WORLD CLASS REALTY GROUP
  • Office Phone: (908) 364-4000

Interior Features

Interior Information:

  • Appliances: Microwave
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Driveway-Shared

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Multi Unit(s), Natural Gas

School Info

Assigned Schools Information:

  • Admiral William F. Halsey Jr. Leadership Academy, Public District Grades 9-12
  • John E. Dwyer Technology Academy, Public District Grades 9-12
  • Alexander Hamilton Preparatory Academy, Public District Grades 9-12
  • Joseph Battin School #4, Public District Grades PK-8

Other

Directions Information:

  • Directions: South Elmora to Fay ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $698,000
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Housing Market Comparison

See how this home compares to others in Elizabeth, NJ.

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Elizabeth, NJ

City

Med. Sold Price

$430K

Med. Price/SqFt

$269

Avg. Days On Market

14

# of Sold Homes

16

353 Fay Ave vs Elizabeth

135 DAYS ON ROCKET

+121 Days

$698,000

+$268K More

KEY TAKEAWAY

This property is $268K more than the Median Sold Price in Elizabeth, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3878057

Listing Office:

  • Office Name: WORLD CLASS REALTY GROUP
  • Office Phone: (908) 364-4000

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: 4/27/2024, 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

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Payment Calculator

$3,551

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,159

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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-1034502
4
/10

  • Joseph Battin School #4

  • 300 S Broad St

  • 0.45 miles

  • Public District Grades PK-8

High School

school-card-donut-1034503
1
/10

  • Admiral William F. Halsey Jr. Leadership Academy

  • 641 South St

  • 0.58 miles

  • Public District Grades 9-12

school-card-donut-1034504
1
/10

  • John E. Dwyer Technology Academy

  • 123 Pearl St

  • 0.70 miles

  • Public District Grades 9-12

school-card-donut-1034505
6
/10

  • Alexander Hamilton Preparatory Academy

  • 310 Cherry St

  • 0.76 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 $52,029. The most common annual income of people living in Elizabeth, NJ is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Union County›Elizabeth›07202›353 Fay Ave

This home is located at 353 Fay Ave in Elizabeth City, NJ and zip code 07202. This home, which was built in 9999, sits on a 0.06 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 13, 2023 and is currently priced at $698,000.

In March 2024, from all listings sold in Elizabeth, NJ there were more than 8 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price. In March 2024 in Elizabeth, NJ there were 27.7% more homes for sale than in February 2024. In March 2024 median list price was $430,000 and the average listing age was 14 days.

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

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