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86-88 Chancellor Ave, Newark, NJ, 07112

$330,000

Home List Price

$3,919*

Closing Credit

3 Bedrooms
2 Partial Baths
House
Schools Nearby

Location

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86-88 Chancellor Ave, Newark$330,000

Buyer Closing Credits

$3,919*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
HeatingNatural Gas
CoolingGas
BasementYes
WaterfrontNone
FireplaceNone
ViewNone
MLS #24015865
StatusActive
(ACTIVE)

About 86-88 Chancellor Ave

Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Direct end buyers only; no wholesalers pls.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Stories: 1

Listing Office:

  • Office Name: EXP Realty, LLC
  • Listing Agent: Pruvi Pierre

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None
  • Exterior: Brick, None

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Gas

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12

Price Information

Listing Price Info

Price Summary:

  • List Price: $330,000

Tax Information:

  • Annual Amount: $5,565
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Number: #24015865

Listing Office:

  • Office Name: EXP Realty, LLC
  • Listing Agent: Pruvi Pierre

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: 6/16/2024, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 15, 2018Home Sold
$115,100

Tax History

YEARPROP. TAXASSESSMENT
2020$5,565$197,700
2019$7,301$197,700
2018$7,038$197,700
2017$7,038$197,700

History based on county public records data.

Payment Calculator

$1,715

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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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-1657759
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.70 miles

  • Public District Grades 9-12

school-card-donut-1657760
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.45 miles

  • Public District Grades 9-12

school-card-donut-1657761
1
/10

  • Central High School

  • 250 18th Ave

  • 2.07 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Frequently Asked Questions About 86-88 Chancellor Ave

What is the listing price of this property?

The listing price of 86-88 Chancellor Ave property is $330,000.

What type of property is this?

The property 86-88 Chancellor Ave is a house located in Newark, New Jersey, 07112.

Is this property for sale now?

Active Listing: 86-88 Chancellor 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 86-88 Chancellor Ave are:
Weequahic High School: GreatSchools Rating 1/10
Malcom X Shabazz High School: GreatSchools Rating 1/10
Central 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 $5,565 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 15, 2018 for $115,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 86-88 Chancellor Ave has 3 bedrooms and 2 bathrooms.

Rocket Homes›New Jersey›Essex County›Newark›07112›86-88 Chancellor Ave

This home is located at 86-88 Chancellor Ave in Newark, NJ and zip code 07112 in the Weequahic neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 22, 2024 and is currently priced at $330,000.

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

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