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48 Cornerstone Ln, Newark City, NJ 07103

SH- University Heights 3 · Essex County

Key Facts

2Beds
3Baths
1,269Sq Ft
1990Year Built
1Garage

Description

Smart Opportunity for today and tomorrow. Own this 2 bedroom/2.5 bath townhouse with private garage at the best location in Society Hill University Heights 3 with easy access to mass transit for trips to NYC. Welcome to this upper two-level unit featuring in unit washer/dryer, new vinyl "wood like" flooring throughout, a balcony on each level great for a quick breath of fresh air or morning coffee and forced air/central air for year-round living comfort. Potentially a lifestyle game changer given the outdoor pool, tennis courts, club house and security are just a block away. Parking a breeze with an oversize garage with an outdoor parking space in tandem and garage storage for bikes, etc. Windows/Patio doors, appliances and alarm system sold in "as is" condition.

Property Information

Property Type

Residential

Sub-Type

Townhouse

Style

Multi Floor Unit

Year Built

1990

Living Area

1,269 sq ft

Garage Spaces

1

Ownership

Condominium

Days on Market

109

MLS® Listing#

4016698

Property Features

Interior

Eat-in KitchenWalk-In Closet(s)Soaking Tub

Appliances

DishwasherDryerRefrigeratorGas OvenGas RangeWasherGas Water Heater

Cooling

Central Air

Heating

Forced Air

Flooring

CarpetTileVinyl

Parking

Shared DrivewayDetached

Laundry

Laundry Room

Patio

Deck

Lot Features

Cul-De-SacLevelOpen Lot

Construction

Vinyl Siding

Roof

Asphalt

Security

Smoke Detector(s)

Community

ClubhouseTennis Court(s)

Utilities

Underground Utilities

Sewer

Public Sewer

Water Source

Public

Rooms

  • Third
  • Second
  • First
  • Bedroom 1Third
  • Bedroom 2Second
  • Dining RoomSecond
  • KitchenSecond
  • Living RoomSecond
  • Master Bedroom
  • Utility RoomThird

Schools

Elementary:
SUSSUX AVE
Middle:
SUSSUX AVE
High:
BARRINGER

Financial Details

HOA

$484 / Monthly

Annual Taxes

$7,258

Tax year 2025

Assessed Value

$181,500

Parcel Number

1614-00406-0000-00001-0000-C2108

Directions

Raymond Blvd to Warren St to Cornerstone Ln or West Market to Norfolk St to Warren St to Cornerstone Ln

Affordability Calculator

$79,000

Estimated monthly payment

$2,102/mo

Principal $316,000 · Est. interest $440,848 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 36% below the area median.
  • Its price per sq ft is 25% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.

Location

Map showing the location of 48 Cornerstone Ln, Newark City, NJ 07103

Points of Interest in Newark City, NJ

Showing the Newark City area map.

Nearby Schools

  • Essex County Newark Tech

    Secondary · 0.1 mi away

  • Science Park High School

    Secondary · 0.1 mi away

  • Saint Vincent Academy

    School · 0.2 mi away

  • Child Study Center at Rutgers

    School · 0.4 mi away

  • University Heights Charter School

    School · 0.4 mi away

  • Sir Isaac Newton Elementary School

    Elementary · 0.4 mi away

  • Philip's Academy Charter School

    Elementary · 0.4 mi away

  • Newark Evening High School

    Secondary · 0.4 mi away

  • Robert Treat Academy Charter School

    School · 0.4 mi away

  • Metropolitan Resurrection LRNG Ctr

    School · 0.4 mi away

  • Marion P. Thomas Charter School

    School · 0.4 mi away

  • St. Benedicts Prep

    School · 0.4 mi away

  • New Horizons Community Charter School

    Elementary · 0.5 mi away

  • Kipp Newark Lab High School

    Secondary · 0.5 mi away

  • Arts High School

    Secondary · 0.5 mi away

  • Famous Bartending School

    School · 0.5 mi away

  • Lead Charter School

    Secondary · 0.6 mi away

  • Discovery Charter School

    Secondary · 0.6 mi away

  • Newark Educators Community Charter School

    Elementary · 0.6 mi away

  • Paulo Freire Charter School

    Secondary · 0.6 mi away

Commute Calculator

Travel mode

Moving Cost Estimate

EXIT Agents in Newark City

Listing Courtesy: PROMINENT PROPERTIES SIR - 9737836900

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Data provided by GardenStateMLS. MLS® Listing#4016698. © 2026EXIT Realty®. All rights reserved.