235 South 7th Street

Newark, NJ 07103

$350,000
Price
5
Beds
1
Bath
2
1/2 Baths
2,200 Sq. Ft.
$159 / Sq. Ft.
2,200
Sq. Ft.
$159
per Sq. Ft.

Description

Investor Special in the Heart of Newark - Excellent Potential for Multi-Family ConversionWelcome to an incredible investment opportunity in the vibrant heart of Newark! This spacious 5-bedroom, 1 full bath, and two half-bath home spans 2,200 square feet, boasting great bones and high ceilings, offering a perfect canvas for your vision. Key Features:5 Bedrooms, 1 Full Bath, 2 Half Baths2,200 Square FeetGreat Bones and High CeilingsPotential for Multi-Family ConversionPrime Location: Situated strategically,...Investor Special in the Heart of Newark - Excellent Potential for Multi-Family ConversionWelcome to an incredible investment opportunity in the vibrant heart of Newark! This spacious 5-bedroom, 1 full bath, and two half-bath home spans 2,200 square feet, boasting great bones and high ceilings, offering a perfect canvas for your vision. Key Features:5 Bedrooms, 1 Full Bath, 2 Half Baths2,200 Square FeetGreat Bones and High CeilingsPotential for Multi-Family ConversionPrime Location: Situated strategically, this property is close to parks, schools, shopping centers, and convenient transportation options. Whether you're looking to tap into the rental market or transform this space into a multi-family dwelling, the possibilities are endless. Investor-Friendly Details:After Repair Value (ARV): $475,000 Ideal for Investors Seeking High ROI or First Time Home Buyers Looking for Low Entry and Light to Medium Rehab. Proximity to Schools, Parks, and ShoppingExcellent Transportation AccessibilityThis property presents a unique opportunity for those with a keen eye for value and potential. With the prospect of a multi-family conversion and a desirable location, don't miss out on this chance to turn this house into a lucrative investment. Schedule a viewing today and unlock the full potential of this Newark gem!
  1. Listed by MICHAEL DENTE • EXP REALTY, LLC

Property Details for 235 South 7th Street

Style
Fixer Upper
Directions
Take 129 onto I-95. Take exit 13 to I-278 E. Take exit toward US-1, keep right onto bayway ave. Turn left onto 3rd ave. Turn right onto S 7th St.
Days On Market
37
Primary Style
Fixer Upper

Location

Listing Courtesy of EXP REALTY, LLC, MICHAEL DENTE
Add your commute
LISTING UPDATED: 04/18/2024 11:00 AM

Property Details for 235 South 7th Street

StatusUnder Contract
MLS #3889062
Days on Market37
Taxes$5,417 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family/Apt
Year Built1891
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, MICHAEL DENTE
Add your commute

Building Information for 235 South 7th Street

Stories-Year Built1891Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$2,362 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$451

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 235 South 7th Street

Summary
Location and General Information
  • Zoning: SFH
  • Active Days on Market: 44
  • County #: Essex
  • Town Name: Newark City
  • Community Living: No
  • Block Identifier: 1780
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 235.0
  • County Or Parish: Essex
  • Street Name: S 7Th St
  • Zip Code: 07103-2412
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Code Tax: *
  • County Tax: *
  • Tax Amount: $5,417
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 145000.0
  • Tax ID For Property: 1614-01780-0000-00020-0000-
  • Tax Id Tax: *
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
  • Garage Description: On-Street Parking
Property
Lot Information
  • Appliances: See Remarks
  • Approx Sq Ft: 2200.0
  • Lot Identifier: 20
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 1891
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 118700.0
  • Assessment Land: 26300.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: See Remarks
  • Heating: Radiators - Hot Water
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood
Interior Features
  • Flooring: Carpeting, Wood
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • # Baths: 1.2
  • # Full Baths: 1
  • # Half Baths: 2
  • # Bedrooms: 5
  • Easement: No
  • # Fireplaces: 0
  • Kitchen Area: See Remarks
  • Level 1 Rooms: Bath(s) Other, Dining Room, Kitchen, Living Room
  • Other Level Rooms: Additional Bathroom
  • # Rooms: 10

Property History for 235 South 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 235 South 7th Street

Taxable ValueLand$26,300Additions$118,700Total$145,000
Tax Record2022$5,167 ($431 / month)
Home Facts
Beds0Total Finished SqFt2,193 SqFtAbove Grade Finished SqFt2,193 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1891CountyESSEXAPN14 01780-0000-00020

Schools near 235 South 7th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
George Washington Carver Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Ivy Hill Elementary School
PublicPK to 8

B.R.I.C.K. Peshine Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, MICHAEL DENTE

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/29/2024 02:09 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.