by RHP Realty

Check Availability
Newark 07103 Fairmount
235 South 7th Street
$350,000
House - For Sale

235 South 7th Street

Newark, NJ 07103
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
$2,170
Estimated Monthly
$0
HOA / Fees
25.18%
Cap Rate

About This Property

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): $475,000Ideal for Investors Seeking High ROI or First Time Home Buyers Looking for Low Entry and Light to Medium Rehab.
Unit Size
-
Days on Market
55 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1891
Listed By
Last updated: 2 months ago (NJMLS #24006474)

Price History

Date / Event Date Event Price
Mar 5, 2024 Listed by EXP Realty, LLC $350,000
Listed by EXP Realty, LLC
Nov 28, 2022 Sold to Keyairra Starr Wright $315,000
Sold to Keyairra Starr Wright

Property Highlights

Parking Details
O/See Remk
Interior Details

Bedroom Information

Bedrooms: 5

Bathroom Information

Bathrooms: 1
Half Bathrooms: 2

Room Information

Total Rooms: 10

Fireplace Information

None

Building Info

Overview

    General

  • Year Built: 1891
  • Effective Year Built: 1891
  • Bedroom Count: 0
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,193
  • Building Area: 2,193
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,193
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 0.057

Ownership

  • Current Owner : WRIGHT KEYAIRRA STARR
  • Previous Owner : WRIGHT LAVERNE
  • Owner Before Previous Owner: PNC MTG
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 001400

Geography

  • Assessors Map Reference: TAX MAP 45
  • District: 14
  • Parcel: 14 01780-0000-00020
  • Block: 1780
  • Lot: 20
  • Municipality: NEWARK CITY
  • Latitude: 40.741
  • Longitude: -74.1976

    Address

  • Full Address: 235 S 7th St
  • Address - House Number: 235
  • Street Direction: S
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newark
  • Carrier Code: C037
  • 4-Digit Zip Code: 2412
  • Zip Code: 07103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,167

    Appraisal Valuation

  • Standard Deviation: 0.2615
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 512,849
  • High Value: 646,963
  • Low Value: 378,735

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $299,250
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 28, 2022
  • First Open Lien Mortgage Loan Amount: $299,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2052

    Market Valuation

  • Market Total Value: $145,000
  • Market Land Value: $26,300
  • Market Improvement Value: $118,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $145,000
  • Assessed Land Value: $26,300
  • Assessed Improvements Value: $118,700

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Nov 28, 2022
  • Current Sale Transaction ID: 11899799802
  • Current Sale Price: $315,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 102647
  • Previous Sale Recording Date: Aug 28, 1997
  • Previous Sale Contract Date: Jul 31, 1997
  • Previous Sale Amount: $1,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 28, 2022
  • First Mortgage Loan Amount: $299,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Dec 01, 2052

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
2 Baths
-
$374,900 Nov 30, -0001
$415,000 Feb 28, 2024
-
House
5 Beds
3 Baths
-
$312,000 Nov 30, -0001
$310,000 Oct 6, 2023
-
House
5 Beds
1.1 Baths
-
$299,000 Nov 30, -0001
$300,000 Dec 30, 2022
-
House
4 Beds
3 Baths
-
$350,000 Jul 13, 2023
$350,000 Jul 13, 2023
$429/mo
House
6 Beds
3 Baths
-
$330,000 Dec 5, 2023
$330,000 Dec 5, 2023
$487/mo
Multifamily
5 Beds
2 Baths
-
$352,000 Aug 1, 2023
$352,000 Aug 1, 2023
$452/mo
House
5 Beds
2 Baths
-
$325,000 Oct 13, 2023
-
$456/mo
House
5 Beds
2 Baths
-
$300,000 Feb 19, 2024
-
$456/mo
House
5 Beds
2 Baths
-
$299,000 Sep 21, 2023
-
$305/mo
House
5 Beds
2 Baths
-
$330,000 Aug 11, 2023
-
$305/mo
House
5 Beds
3 Baths
-
$399,999 Oct 3, 2023
-
$292/mo
House
4 Beds
2 Baths
-
$325,000 Apr 10, 2023
-
$381/mo

About Fairmount


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Frequently Asked Questions

When was property at 235 South 7th Street built and last sold?
The property at 235 South 7th Street was built in 1891 and last sold on Nov 18, 2022 for $315,000.
How much is this home worth?
The estimated value of the home located at 235 South 7th Street is $353,500.
What are some comparable homes to 235 South 7th Street?
Homes that are comparable to 235 South 7th Street include a house property at 194 South 6th Street, 93 11th Avenue, 77 South 10th Street.

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