2 months on rocket

303 Hobson St, Newark, NJ, 07112

$670,000

Home List Price

$7,956*

Closing Credit

8 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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303 Hobson St, Newark$670,000

Buyer Closing Credits

$7,956*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPark Space
HeatingNatural Gas
CoolingGas
BasementYes
WaterfrontNone
FireplaceNone
MLS #24007404
StatusActive
(ACTIVE)

About 303 Hobson St

Discover a rare find. Invest in a legal 4-family home in Newark with low taxes. Each unit has a separate boiler and meter, making this home an ideal investment with strong positive cash flow. This property is a golden opportunity for you. Real Estate agent is related to the seller. Property is being sold as-is. Buyer is responsible for the certificate of occupancy.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Team Realty
  • Listing Agent: Marsha Oliver

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Brick Faced, None

Parking Information:

  • Parking: Park Space

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
  • Chancellor Avenue Elementary School, Public District Grades 3-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $670,000

Tax Information:

  • Annual Amount: $7,978
  • 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

$462.3K

Med. Price/SqFt

$242

Avg. Days On Market

94

# of Sold Homes

19

303 Hobson St vs Newark

81 DAYS ON ROCKET

-13 Days

$670,000

+$207.6K More

KEY TAKEAWAY

This property is $207.6K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24007404

Listing Office:

  • Office Name: Keller Williams Team Realty
  • Listing Agent: Marsha Oliver

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: 6/1/2024, 9:20:35 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 17, 2012Home Sold
$90,528

Tax History

YEARPROP. TAXASSESSMENT
2020$7,978$283,400
2019$10,465$283,400
2018$10,089$283,400
2017$10,089$283,400

History based on county public records data.

Payment Calculator

$3,411

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,075

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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-6721079
3
/10

  • Chancellor Avenue Elementary School

  • 321 Chancellor Ave

  • 0.10 miles

  • Public District Grades 3-8

High School

school-card-donut-6721080
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.15 miles

  • Public District Grades 9-12

school-card-donut-6721081
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 1.70 miles

  • Public District Grades 9-12

school-card-donut-6721082
1
/10

  • Central High School

  • 250 18th Ave

  • 2.05 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 $49,674. The majority of Newark, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›303 Hobson St

This home is located at 303 Hobson St in Newark, NJ and zip code 07112 in the Weequahic neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $670,000.

The inventory of homes for sale in Newark, NJ between April 2024 and May 2024 increased by 23.7%. In May 2024, listings were on the market for 94 days. During the same period, the median list price in this real estate market was $462,318.

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

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