Spacious bedrooms, large living rooms and $4,000/month in rental income are just a few of the highlights. When you walk into each unit you are greeted with a large living room area. Couple steps down and you walk into your open concept kitchen and dining room area. Down the hall you will walk past two generously sized bedrooms to enter the large master bedroom with an accompanying master bathroom. Not to mention this property is currently generating $4,000/month in rental income from just one of the units! While still having room for an owner-occupant to move into the renovated second floor unit. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 15 minutes from Newark Penn Station. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have ten
Property Details
Property Features
Listing Office:
Office Name: Signature Realty NJ LLC
Listing Agent: Alnazir Blackman
Interior Features
Interior Information:
Basement: Yes
Interior: Intercom System
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Aluminum, Intercom
Parking Information:
Attached Garage: Yes
Parking: Attached
Utilities
Utilities Information:
Heating: Electric
Cooling: Electric
School Info
Assigned Schools Information:
Central High School, Public District Grades 9-12
Barringer High School, Public District Grades 9-12
Weequahic High School, Public District Grades 9-12
Lincoln Elementary School, Public District Grades PK-8
Price Information
Listing Price Info
Price Summary:
List Price: $650,000
Tax Information:
Annual Amount: $6,128
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newark, NJ.
This property is $197K more than the Median List Price in Newark, NJ.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Number: #24014776
Listing Office:
Office Name: Signature Realty NJ LLC
Listing Agent: Alnazir Blackman
Disclaimer: 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.
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: 5/29/2024, 5:20:35 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
DATE
EVENT
PRICE
Jan 12, 2004
Jan 12, 2004Home Sold
$277,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$6,128
$217,700
2019
$8,039
$217,700
2018
$7,750
$217,700
2017
$7,750
$217,700
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,312
Per Month
Principal & Interest
$3,245
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,015
Powered By
Advertisement
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
3
/10
Lincoln Elementary School
87 Richelieu Ter
Distance between this listing and this school0.65 miles
Public District Grades PK-8
High School
1
/10
Central High School
250 18th Ave
Distance between this listing and this school2.44 miles
Public District Grades 9-12
1
/10
Barringer High School
90 Parker St
Distance between this listing and this school2.61 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.90 miles
Public District Grades 9-12
Assigned Schools
3
/10
Lincoln Elementary School
87 Richelieu Ter
Distance between this listing and this school0.65 miles
Public District Grades PK-8
Nearby Schools
4
/10
Langston Hughes Elementary School
160 Rhode Island Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-5
2
/10
Speedway Avenue School
701 South Orange Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-8
Nearby Schools
4
/10
Benjamin Banneker Academy
500 S Clinton St
Distance between this listing and this school0.23 miles
Public District Grades PK-8
6
/10
Pride Academy Charter School
117 Elmwood Ave
Distance between this listing and this school0.56 miles
Public Charter Grades 5-8
7
/10
Heywood Avenue Elementary School
421 Heywood Ave
Distance between this listing and this school1.03 miles
Public District Grades PK-7
Assigned Schools
1
/10
Central High School
250 18th Ave
Distance between this listing and this school2.44 miles
Public District Grades 9-12
1
/10
Barringer High School
90 Parker St
Distance between this listing and this school2.61 miles
Public District Grades 9-12
1
/10
Weequahic High School
279 Chancellor Ave
Distance between this listing and this school2.90 miles
The neighbors living near this home have an average income of $32,734. Residents of Newark, NJ typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 134 Palm St in Newark, NJ and zip code 07106 in the West Ward neighborhood. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $650,000.
The inventory of homes for sale in Newark, NJ between March 2024 and April 2024 increased by 25.9%. In April 2024 median list price was $453,000 and the average listing age was 93 days.
From Rocket Homes Real Estate and based on county public records data.