15 days on rocket

305-307 Sanford Ave, Newark, NJ, 07106

$589,999

Home List Price

$7,006*

Closing Credit

5 Bedrooms
3 Full Baths
Multi
Schools Nearby

Location

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305-307 Sanford Ave, Newark$589,999

Buyer Closing Credits

$7,006*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
HeatingBaseboard, Natural Gas, Forced Air, Hot Water, Zoned
CoolingGas, Zoned
WaterfrontNone
Fireplace1 Fireplace
MLS #24012942
StatusActive
(ACTIVE)

About 305-307 Sanford Ave

Welcome to 305-307 Sanford Ave, a remarkable 3-family residence showcasing classic brick-faced architecture and elegant hardwood floors. Located in the vibrant city of Newark, New Jersey, this property offers an exceptional opportunity for investors or homeowners seeking a spacious and well-appointed living space within close proximity to transportation options, including a convenient 30-minute commute to New York Penn Station. Comprising three separate units, each with its own unique charm and functionality, this property presents a versatile opportunity for multi-generational living or rental income.For investors, this property presents a lucrative opportunity for rental income in a high-demand rental market. Its proximity to transportation hubs and urban amenities adds to its appeal, promising strong rental yields and potential long-term appreciation. Property to be sold sold as is.

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX First Realty II
  • Listing Agent: Leslie Farrell

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: 1 Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

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

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Forced Air, Hot Water, Zoned
  • Cooling: Gas, Zoned

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Mt. Vernon Place Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $589,999
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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

$453K

Med. Price/SqFt

$241

Avg. Days On Market

93

# of Sold Homes

20

305-307 Sanford Ave vs Newark

15 DAYS ON ROCKET

-78 Days

$589,999

+$136.9K More

KEY TAKEAWAY

This property is $136.9K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24012942

Listing Office:

  • Office Name: RE/MAX First Realty II
  • Listing Agent: Leslie Farrell

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: 5/18/2024, 11:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,012

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,835

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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-3210314
3
/10

  • Mt. Vernon Place Elementary School

  • 142 Mount Vernon Pl

  • 0.43 miles

  • Public District Grades PK-8

High School

school-card-donut-3210315
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 1.91 miles

  • Public District Grades 9-12

school-card-donut-3210316
1
/10

  • Central High School

  • 250 18th Ave

  • 2.45 miles

  • Public District Grades 9-12

school-card-donut-3210317
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 2.67 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 $58,125. Typical income of Newark, NJ residents is between $35k-100k annually. The majority of families are single, no 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›07106›305-307 Sanford Ave

This home is located at 305-307 Sanford Ave in Newark, NJ and zip code 07106 in the West Ward neighborhood. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $589,999.

The number of homes for sale in Newark, NJ increased by 25.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 93 days, the median list price was $453,000.

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

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