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15
Photos
86-88 Chancellor Avenue, Newark, NJ 07112
$340,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
3
baths
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.
Features & Amenities
Interior
- Basement:
- Full
- A/C:
- Gas
- Heating:
- Gas
- Fireplace:
- None
Exterior
- General:
- Brick
- Style:
- Ranch
Construction
- General:
- Raised
Location
- HOA Amenities:
- None
- County:
- ESSEX
This listing courtesy of:
EXP Realty, LLC, Darrell Bailey
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Newark, NJ
Housing
- Number of Units
- 118,077
- Median Home Value
- $265,182
- Median Rent
- $950
77.07% of housing units are renter occupied.
7.98% are vacant.
Commute
- Car
-
57.07%
- Public Transportation
-
23.37%
- Walk to Work
-
5.03%
- Work from Home
-
9.54%
- Other
-
4.78%
The median travel time to work is 33 minutes.
People
- Population
- 301,767
- Median Age
- 34.80
- Median Household Size
- 2.65
Education
- High School
-
36.16%
- Associate’s Degree
-
5.90%
- Bachelor’s Degree
-
11.53%
- Graduate Degree
-
4.80%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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