28 days on rocket

488 S 11th St, Newark, NJ, 07103

$649,000

Home List Price

$7,707*

Closing Credit

9 Bedrooms
3 Full Baths, 1 Partial
Multi
Schools Nearby

Location

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488 S 11th St, Newark$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year BuiltNew Const.
HeatingNatural Gas
CoolingGas
BasementYes
WaterfrontNone
FireplaceNone
MLS #24009644
StatusActive
(ACTIVE)

About 488 S 11th St

Welcome to this fantastic opportunity in Newark, NJ! This well-maintained 3-family home offers the perfect balance of investment potential and comfortable living arrangements. Conveniently located in Newark,NJ, this property provides easy access to schools, shopping centers, public transportation and major highways. Each unit offers LR/DR, EIN, Bath, 3 bedrooms, plus bonus den/ Nursery room. In addition, tons of storage space in basement! Take advantage of Newark's thriving rental market and potential for long-term appreciation, making this property a solid investment choice.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Village Square Realty
  • Listing Agent: Melina M. Salazar

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Vinyl, None

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Gas

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Harriet Tubman Elementary School, Public District Grades PK-6

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000

Tax Information:

  • Annual Amount: $7,284
  • 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

488 S 11th St vs Newark

28 DAYS ON ROCKET

-69 Days

$649,000

+$199K More

KEY TAKEAWAY

This property is $199K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24009644

Listing Office:

  • Office Name: Keller Williams Village Square Realty
  • Listing Agent: Melina M. Salazar

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: 5/1/2024, 4:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 04, 2020Home Sold
$450,000
Feb 06, 2019Home Sold
$220,000
Oct 15, 2009Home Sold
$133,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,284$177,000
2019$8,364$226,500
2018$8,063$226,500
2017$8,063$226,500

History based on county public records data.

Payment Calculator

$3,307

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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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-4263699
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.11 miles

  • Public District Grades PK-6

High School

school-card-donut-4263700
1
/10

  • Central High School

  • 250 18th Ave

  • 0.75 miles

  • Public District Grades 9-12

school-card-donut-4263701
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.40 miles

  • Public District Grades 9-12

school-card-donut-4263702
1
/10

  • Barringer High School

  • 90 Parker St

  • 1.77 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 $56,559. Typical income of Newark, NJ residents is between $35k-100k annually. The majority of families are single, with kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07103›488 S 11th St

This home is located at 488 S 11th St in Newark, NJ and zip code 07103 in the West Ward neighborhood. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $649,000.

In March 2024 in Newark, NJ there were 31.1% more homes for sale than in February 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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