28 days on rocket

55-57 3rd St, Newark, NJ, 07107

$799,000

Home List Price

$9,488*

Closing Credit

9 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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55-57 3rd St, Newark$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached
HeatingBaseboard, Natural Gas, Hot Water
CoolingGas
BasementYes
WaterfrontNone
FireplaceNone
MLS #24002946
StatusActive
(ACTIVE)

About 55-57 3rd St

DISCOVER AN INVESTMENT GEM IN NEWARK'S VIBRANT LANDSCAPE. THIS UNIQUE NON-CONFORMING 3-FAM BOASTS 9 BDS, W/ EACH UNIT OFFERING 3 BDS. THE TOP FLOOR STANDS OUT BEING TASTEFULLY UPDATED, FEATURING NEW FLOORING, FRESHLY PAINTED INTERIORS, AND CHIC TILED BATHROOMS W/ NEW VANITIES, & PRIMARY BATH, AND BALCONY ACCESS THROUGH SLIDING DOORS. ENJOY THE CONVENIENCE OF SEPARATE UTILITIES. OUTSIDE, A SPACIOUS DRIVEWAY ACCOMMODATES 4+ CARS, COMPLEMENTED BY 5 DETACHED GARAGES. THE BASEMENT ADDS EXTRA SPACE FOR VARIOUS PURPOSES. BEYOND THE PROPERTY, IMMERSE YOURSELF IN THE VIBRANT NEIGHBORHOOD. CONVENIENTLY LOCATED, THIS RESIDENCE IS A STONE'S THROW AWAY FROM LOCAL AMENITIES, SCHOOLS, AND TRANSPORTATION HUBS. THE OWNER IS IN THE PROCESS OF EXPLORING THE CONVERSION TO A LEGAL 3-FAMILY, A POTENTIAL VALUE ADDITION FOR THE DISCERNING BUYER. THE PROPERTY IS BEING SOLD IN AS-IS CONDITION AND AS A LEGAL 2 FAMILY HOME. DON'T MISS THE CHANCE TO OWN THIS VERSATILE PROPERTY IN A THRIVING COMMUNITY!

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX First Realty II
  • Listing Agent: Kerwin D. Lynch

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Brick, Vinyl, None

Parking Information:

  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water
  • Cooling: Gas

School Info

Assigned Schools Information:

  • Barringer High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Technology High School, Public District Grades 9-12
  • Sussex Avenue Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000

Tax Information:

  • Annual Amount: $7,913
  • 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

55-57 3rd St vs Newark

28 DAYS ON ROCKET

-69 Days

$799,000

+$349K More

KEY TAKEAWAY

This property is $349K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24002946

Listing Office:

  • Office Name: RE/MAX First Realty II
  • Listing Agent: Kerwin D. Lynch

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

Sep 24, 2015Home Sold
$330,000
Jul 16, 2014Home Sold
$86,000
Aug 26, 2010Home Sold
$270,000
May 22, 2007Home Sold
$585,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,913$251,000
2019$7,770$210,400
2018$7,490$210,400
2017$7,490$210,400

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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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.

Elementary School

school-card-donut-4264368
2
/10

  • Sussex Avenue Elementary School

  • 307 Sussex Ave

  • 0.19 miles

  • Public District Grades PK-8

High School

school-card-donut-4264369
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.76 miles

  • Public District Grades 9-12

school-card-donut-4264370
1
/10

  • Central High School

  • 250 18th Ave

  • 1.29 miles

  • Public District Grades 9-12

school-card-donut-4264371
8
/10

  • Technology High School

  • 223 Broadway

  • 1.29 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 $29,839. Most Newark, NJ residents have annual incomes less than $35k. The majority of families are 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›55-57 3rd St

This home is located at 55-57 3rd St in Newark, NJ and zip code 07107 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 $799,000.

Between February 2024 and March 2024, Newark, NJ real estate market has seen increase in the number of listings by 31.1%. While the average time on the market in March 2024 was 97 days, the median list price was $449,995.

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

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