1 month on rocket

Sale Pending

473 Avon Ave, Newark City, NJ, 07108

$849,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
6 Full Baths
Multi
Schools Nearby

Location

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473 Avon Ave, Newark$849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff-Street Parking
Year Built2018
HeatingForced Air, Electric, Natural Gas
CoolingNone
BasementYes
MLS #3890162
Lot Size0.06 Acres
StatusSale Pending
(Under Contract)

About 473 Avon Ave

Welcome to this wonderful opportunity to own a well-maintained three-family home in the heart of Newark, NJ. This property offers a unique selling point - it comes with an assumable mortgage held by the current owner, making ownership transition smooth and hassle-free. The current mortgage is an FHA loan at 4.75% interest. That's right, if you qualified, you will not need to worry about today's market rates, saving you $350k+ over the length of your mortgage. Of course if you do not qualify or simply are not interested in this kind of deal, this positive-cash-flow property CAN BE YOURS through any loan you wish to use. About the house:This is a fully occupied 3-family home. Each unit has 3 bedrooms and 2 bathrooms, kitchen, living room, and master bedroom. There are 3 garages attached to the house you can use for extra income. The house has security cameras all throughout the perimeters, sprinkler system, separate utilities, owner only pays for water.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 2018

Listing Office:

  • Office Name: FRANKO REALTY LLC
  • Office Phone: (888) 869-6707

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator, Security System
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Off-Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Electric, Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Weequahic High School, Public District Grades 9-12
  • Hawthorne Avenue Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Corner of South 18th And Avon Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,000
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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

473 Avon Ave vs Newark

47 DAYS ON ROCKET

-50 Days

$849,000

+$399K More

KEY TAKEAWAY

This property is $399K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3890162

Listing Office:

  • Office Name: FRANKO REALTY LLC
  • Office Phone: (888) 869-6707

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: 4/28/2024, 11:25:13 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

$4,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,612

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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-2185406
3
/10

  • Hawthorne Avenue Elementary School

  • 428 Hawthorne Ave

  • 0.68 miles

  • Public District Grades KG-8

High School

school-card-donut-2185407
1
/10

  • Central High School

  • 250 18th Ave

  • 1.09 miles

  • Public District Grades 9-12

school-card-donut-2185408
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.31 miles

  • Public District Grades 9-12

school-card-donut-2185409
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 1.36 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 $27,391. The majority of Newark, NJ residents have income less than $35k annually. 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›Essex County›Newark›07108›473 Avon Ave

This home is located at 473 Avon Ave in Newark City, NJ and zip code 07108 in the South Ward neighborhood. This home, which was built in 2018, sits on a 0.06 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $849,000.

The number of homes for sale in Newark, NJ increased by 31.1% between February 2024 and March 2024. In March 2024, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $449,995.

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

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