13 days on rocket

134 Palm St, Newark, NJ, 07106

$650,000

Home List Price

$7,719*

Closing Credit

7 Bedrooms
5 Full Baths
Multi
Schools Nearby

Location

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134 Palm St, Newark$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAttached
Attached GarageYes
HeatingElectric
CoolingElectric
BasementYes
WaterfrontNone
FireplaceNone
MLS #24014776
StatusActive
(ACTIVE)

About 134 Palm St

Spacious bedrooms, large living rooms and $4,000/month in rental income are just a few of the highlights. When you walk into each unit you are greeted with a large living room area. Couple steps down and you walk into your open concept kitchen and dining room area. Down the hall you will walk past two generously sized bedrooms to enter the large master bedroom with an accompanying master bathroom. Not to mention this property is currently generating $4,000/month in rental income from just one of the units! While still having room for an owner-occupant to move into the renovated second floor unit. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 15 minutes from Newark Penn Station. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have ten

Property Details

Property Features

Listing Office:

  • Office Name: Signature Realty NJ LLC
  • Listing Agent: Alnazir Blackman

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Intercom System
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Aluminum, Intercom

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Weequahic High School, Public District Grades 9-12
  • Lincoln Elementary School, Public District Grades PK-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000

Tax Information:

  • Annual Amount: $6,128
  • Tax Year: 2020
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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

134 Palm St vs Newark

13 DAYS ON ROCKET

-80 Days

$650,000

+$197K More

KEY TAKEAWAY

This property is $197K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24014776

Listing Office:

  • Office Name: Signature Realty NJ LLC
  • Listing Agent: Alnazir Blackman

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: 5/29/2024, 3:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 12, 2004Home Sold
$277,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,128$217,700
2019$8,039$217,700
2018$7,750$217,700
2017$7,750$217,700

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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NMLS#3030

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-4158311
3
/10

  • Lincoln Elementary School

  • 87 Richelieu Ter

  • 0.65 miles

  • Public District Grades PK-8

High School

school-card-donut-4158312
1
/10

  • Central High School

  • 250 18th Ave

  • 2.44 miles

  • Public District Grades 9-12

school-card-donut-4158313
1
/10

  • Barringer High School

  • 90 Parker St

  • 2.61 miles

  • Public District Grades 9-12

school-card-donut-4158314
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 2.90 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 $32,734. Most Newark, NJ residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07106›134 Palm St

This home is located at 134 Palm St in Newark, NJ and zip code 07106 in the West Ward neighborhood. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $650,000.

Between March 2024 and April 2024, Newark, NJ real estate market has seen increase in the number of listings by 25.9%. 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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