86 88chancellor Ave, Newark City, NJ 07112
Essex County
Key Facts
Description
Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1920
Lot Size
0.11 acres
Ownership
Fee Simple
Days on Market
132
MLS® Listing#
3992709
Property Features
Cooling
Flooring
Basement
Construction
Roof
Sewer
Water Source
Rooms
- Kitchen
Financial Details
Annual Taxes
$7,518
Tax year 2024
Assessed Value
$197,700
Parcel Number
1614-03690-0000-00010-0000-
Directions
Elizabeth Ave to Chancellor Ave
Affordability Calculator
$70,000
Estimated monthly payment
$1,863/mo
Principal $280,000 · Est. interest $390,625 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $615,097
- Median Listing Price
- 49
- Median Days on Market
- 1,385
- Median Sq Ft
- $417
- Median Price / Sq Ft
- 3,231
- Active Listings
- This home’s price is 43% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 86 88chancellor Ave, Newark City, NJ 07112
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Rising Star Learning Center
Elementary · 0.3 mi away
Maple Avenue School
School · 0.3 mi away
Chancellor Avenue Annex
School · 0.4 mi away
Trinity Temple Academy
School · 0.5 mi away
Weequahic High School
Secondary · 0.5 mi away
Chancellor Avenue School
Elementary · 0.6 mi away
Bruce Street School
Elementary · 0.6 mi away
George Washington Carver Elementary School
Elementary · 0.6 mi away
Walter O. Krumbiegel Elementary School
Secondary · 0.6 mi away
Leaguers Head Start Program
School · 0.6 mi away
NJ Regional Day School
School · 0.6 mi away
Henrietta King Headstart
School · 0.7 mi away
Kipp Team Academy
School · 0.7 mi away
Peshine Avenue School
Elementary · 0.7 mi away
George Washington Elementary School
Elementary · 0.8 mi away
Dayton Street Elementary School
Elementary · 0.8 mi away
Newark Legacy Charter School
School · 0.9 mi away
Hawthorne Avenue School
Elementary · 1.0 mi away
Abram P. Morris Early Childhood Center
School · 1.0 mi away
Hillside Public Schools
School · 1.1 mi away
Commute Calculator
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|---|---|---|---|---|
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| 1677 KENNEDY BLVD 10, Jersey City, NJ | $249,000 | 2 | 1 | 800 |
| 623 S 18Th St, Newark City, NJ | $249,000 | 3 | 1 | — |
| 181 Washington St, Trenton City, NJ | $249,000 | 3 | 1 | — |
| 16 Barnard Ave, Gloucester City, NJ | $249,000 | 3 | 1 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: EXP REALTY, LLC - 8662016210