86-88 Chancellor Avenue

Newark, NJ 07112

$330,000
Price
3
Beds
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity...Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Direct end buyers only; no wholesalers pls.
  1. Listed by Pruvi Pierre • EXP Realty, LLC • (866) 201-6210
  2. Listed by Darrell Bailey • EXP Realty, LLC

Property Details for 86-88 Chancellor Avenue

Style
Ranch
Sub style
1 Story
Waterfront
None
Garage
None

Location

Listing Courtesy of EXP Realty, LLC, Pruvi Pierre; EXP Realty, LLC, Darrell Bailey
Add your commute
LISTING UPDATED: 06/08/2024 11:55 PM

Property Details for 86-88 Chancellor Avenue

StatusActive
MLS #24015865
Days on Market26
Taxes$7,370 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Ranch
Year Built-
Lot Size0.11 AC / 5,001 SF
CountyEssex County

Location

Listing Courtesy of EXP Realty, LLC, Pruvi Pierre; EXP Realty, LLC, Darrell Bailey
Add your commute

Building Information for 86-88 Chancellor Avenue

Stories-Year Built-Building Size-Lot Size0.11 AC / 5,001 SF

Payment Calculator

$2,415 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,801

Property Taxes

$614

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 86-88 Chancellor Avenue

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: Chancellor
  • County Name: ESSEX
  • Status: ACTIVE
  • Zip Code: 07112
Taxes and HOA Information
  • Association: None
  • Additional subst: None
  • Tax: $7,370
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 5001.0
  • Lot: 00010
  • Lot description: Regular
  • Year Built: 1940's
  • Views exposure: None
  • Block: 03690
Property and Assessments
  • Photo: Y
  • Photo Number: 17
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Heatcool: Gas
  • Cooling Type: Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 3
  • Baths full: 0
  • Baths partial: 2
  • Floor 1St: 4 Rooms 2 Half Baths
  • Basement: Full, Unfinished
  • Number of rooms: 4
  • Lifestyle: Close/Parks, Close/School, Close/Trans, Close/Wrshp, 1st Flr Primary Bdrm, One Floor Living
  • Full Baths Total: 2
  • Num of Baths: 0.2
Exterior Features
  • Fireplace: None
  • Exterior: Brick
  • Miscellaneous: None
  • Pool: N
  • Pool Type: None
Agent
Sale and Listing Information
  • Search Class: RES
  • List Price: $330,000.00
  • Listing Date: 05-21-2024
  • Status Date: 05-21-2024
Showing Information
  • Internet Remarks: Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Direct end buyers only; no wholesalers pls.

Property History for 86-88 Chancellor Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 86-88 Chancellor Avenue

Taxable ValueLand$110,000Additions$87,700Total$197,700
Tax Record2022$7,386 ($616 / month)
Home Facts
Total Finished SqFt1,580 SqFtAbove Grade Finished SqFt1,580 SqFtStories1Lot Size5,001 SqFtStyleMiscellaneous CommercialYear Built1940CountyESSEXAPN14 03690-0000-00010

Schools near 86-88 Chancellor Avenue

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

Technology High School
Public9 to 12

Speedway Academies
PublicK to 8

Mount Vernon 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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86-88 Chancellor Avenue is a single family home for sale in Newark, NJ 07112. This property was listed for sale on May 21, 2024 by EXP Realty, LLC, it's currently listed at $330,000. It has been on the market for a total of 26 days and was last sold on November 19, 2021. This listing's school district is The Newark Public School District. Nearby schools include Lincoln Elementary School, Technology High School and Speedway Academies. 86-88 Chancellor Avenue is a 3-bed, 1-bath, single family home.

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, Pruvi Pierre; EXP Realty, LLC, Darrell Bailey

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 06/16/2024 01:48 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.