698-700 Dr Martin Luther King Jr Boulevard

Newark, NJ 07102

$750,000
Price
Beds
7,531 Sq. Ft.
$100 / Sq. Ft.
7,531
Sq. Ft.
$100
per Sq. Ft.

Description

Discover the potential of this historic mansion located in the heart of Newark. Situated amidst a vibrant neighborhood undergoing significant redevelopment, this property is surrounded by other revitalization projects reshaping the area. Formerly approved for 15 residential units in 2019, this property offers a unique opportunity for redevelopment. Sold as is, with the buyer responsible for resolution renewal, this expansive estate presents endless possibilities. Notably, previous approvals did not...Discover the potential of this historic mansion located in the heart of Newark. Situated amidst a vibrant neighborhood undergoing significant redevelopment, this property is surrounded by other revitalization projects reshaping the area. Formerly approved for 15 residential units in 2019, this property offers a unique opportunity for redevelopment. Sold as is, with the buyer responsible for resolution renewal, this expansive estate presents endless possibilities. Notably, previous approvals did not include parking provisions. Ideal for investors seeking to capitalize on the evolving landscape, this property is strategically positioned near public transportation, Newark University, and downtown Newark. Embrace the chance to reimagine and revitalize this iconic landmark in a burgeoning urban environment.
  1. Listed by Andres Ospina • Keller Williams Park Views • (201) 939-0050

Property Details for 698-700 Dr Martin Luther King Jr Boulevard

Style
Res/Com Mixed
Sub style
Rtl/Apt

Location

Listing Courtesy of Keller Williams Park Views, Andres Ospina
Add your commute
LISTING UPDATED: 04/25/2024 09:17 AM

Property Details for 698-700 Dr Martin Luther King Jr Boulevard

StatusActive - Atty Revu
MLS #24005333
Days on Market77
Taxes$9,463 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / Res/Com Mixed
Year Built-
Lot Size-
CountyEssex County

Location

Listing Courtesy of Keller Williams Park Views, Andres Ospina
Add your commute

Building Information for 698-700 Dr Martin Luther King Jr Boulevard

Stories4Residences15Year Built-Lot Size-

Payment Calculator

$4,882 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$789

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 698-700 Dr Martin Luther King Jr Boulevard

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Directions: on Dr MLK Jr Blvd, between Longworth St and Crawford St
  • Asv total: 253300
  • Street Name: Dr Martin Luther Kng
  • County Name: ESSEX
  • Status: ACTIVE
  • Zip Code: 07102
Taxes and HOA Information
  • Easements: None Known
  • Tax: $9,463
Parking
  • Parking Spaces: 0
Property
Lot Information
  • Lot: 00007
  • Year Built: 1900-1939
  • Propertype ro: O/See Rmrks
  • Sale sqft: 7531.0
  • Land frontage: 66.0
  • Land sqft: 10790.0
  • Land Depth: 162.0
  • Block: 00121
Property and Assessments
  • Land assessment: $69,000
  • Photo: Y
  • Photo Number: 6
  • CourtAppYN: Yes
Interior and Exterior Features
Interior Features
  • Number of Units: 15
  • Number Of Stories: 4
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: O/See Rmrks
  • Number of Elevator: 0
Multi Family
Multi-Family Information
  • No of studios: 14
  • No of Common units: 0
  • No1 Bedroom units: 1
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $750,000.00
  • Listing Date: 02-22-2024
  • Status Date: 04-17-2024
  • Auction: *
Showing Information
  • Internet Remarks: Discover the potential of this historic mansion located in the heart of Newark. Situated amidst a vibrant neighborhood undergoing significant redevelopment, this property is surrounded by other revitalization projects reshaping the area. Formerly approved for 15 residential units in 2019, this property offers a unique opportunity for redevelopment. Sold as is, with the buyer responsible for resolution renewal, this expansive estate presents endless possibilities. Notably, previous approvals did not include parking provisions. Ideal for investors seeking to capitalize on the evolving landscape, this property is strategically positioned near public transportation, Newark University, and downtown Newark. Embrace the chance to reimagine and revitalize this iconic landmark in a burgeoning urban environment.
Rental
Rental Information
  • Owner pays: None

Property History for 698-700 Dr Martin Luther King Jr Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 698-700 Dr Martin Luther King Jr Boulevard

Taxable ValueLand$51,900Additions$145,100Total$197,000
Tax Record2022$7,360 ($613 / month)
Home Facts
Beds0Total Finished SqFt2,310 SqFtAbove Grade Finished SqFt2,310 SqFtStories2Lot Size7,148 SqFtStyleSingle Family ResidenceYear Built1889CountyESSEXAPN14 00121-0000-00008

Schools near 698-700 Dr Martin Luther King Jr Boulevard

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
Quitman Street School
PublicPK to 8

American History High School
Public9 to 12

South Street Elementary School
PublicPK to 8

Cleveland Elementary School
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.

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698-700 Dr Martin Luther King Jr Boulevard is a mixed use property for sale in Newark, NJ 07102. This property was listed for sale on February 22, 2024 by Keller Williams Park Views, it's currently listed at $750,000. It has been on the market for a total of 77 days and was last sold on April 26, 2018. This listing's school district is The Newark Public School District. Nearby schools include Quitman Street School, American History High School and South Street Elementary School. 698-700 Dr Martin Luther King Jr Boulevard is a 0-bed, 0-bath, 7,531 sqft mixed use property.

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 Keller Williams Park Views, Andres Ospina

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 05/08/2024 03:37 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.