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48 1/2 3rd St, Newark, NJ 07107
$550,000
48 1/2 3rd St, Newark, NJ 07107View this property at 48 1/2 3rd St, Newark, NJ 07107
48 1/2 3rd StNewarkNJ07107
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Property Description
Welcome to your new investment opportunity, two family home in the heart of Newark, just moments away from University Heights! This charming two-family house boasts LOW TAXES and a prime location, making it an ideal choice for savvy buyers. The first floor offers a comfortable living arrangement with two spacious bedrooms, a cozy living-dining room area, and a convenient full bathroom. Upstairs, the second floor impresses with its expansive living room and dining area, perfect for hosting gatherings or relaxing in style. With four massive bedrooms, this floor provides ample space for everyone to enjoy. Plus, its proximity to all public transportation options ensures easy access to the city's amenities and attractions. Don't miss out on this opportunity to own a piece of Newark's thriving community " schedule your showing today!
Full Property Details
Full Property Details for 48 1/2 3rd St
General
- Price: $550,000
- Taxes: $5,793 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 3898027
- Updated: 4/28/2024
- Added to Site: 39 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Location
- County: Essex
- Driving Directions: Sussex Avenue to Third Avenue
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1920
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.04
- Lot Dimensions: 16.03 x 95
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $136,800
- Land Assmt: $18,600
- Tax Amount: $5,793
- Tax Year: 2023
Disclosures and Reports
- Block: 1877
- Lot Number: 17
Listed by Exp Realty, Llc
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Schools
Schools serving 48 1/2 3rd St
School District:Newark Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
307 Sussex Ave, Newark, NJ 07107 | PK-8 | 0.2 mi | |
Sir Isaac Newton Elementary
150 Newton St, Newark, NJ 07013 | PK-3 | 0.7 mi | |
Michelle Obama School
186 14th Ave, Newark, NJ 07103 | PK-3 | 0.8 mi | |
Newark School Of Global Studies
24 Crane St, Newark, NJ 07104 | 9-11 | 1 mi | |
Newark School Of Fashion & Design
239 Woodside Ave, Newark, NJ 07104 | 9-10 | 2.3 mi | |
Newark School Of Data Science & Information Technology
746 Sanford Ave, Newark, NJ 07106 | 9-10 | 2.5 mi | |
281 Camden St, Newark, NJ 07103 | PK-8 | 0.9 mi | |
504 S 10th St, Newark, NJ 07103 | PK-8 | 1.1 mi | |
388 Bergen St, Newark, NJ 07103 | PK-8 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48 1/2 3rd St
Date
Details
Price
Change
Source
4/28/2024
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 48 1/2 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$5,806
—
$155,400
—
2021
$5,803
33%
$155,400
—
2021
$4,375
-25%
$155,400
—
2019
$5,845
2%
$155,400
—
2018
$5,739
4%
$155,400
—
2017
$5,532
3%
$155,400
—
2016
$5,346
4%
$155,400
—
2015
$5,142
7%
$155,400
—
2014
$4,819
—
$155,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 48 1/2 3rd St
48 1/2 3rd St, Newark, NJ 07107 (MLS# 3898027) is a Multi-Family property with 2 units containing 6 bedrooms and 3 full bathrooms. 48 1/2 3rd St is currently listed for $550,000 and was received on April 28, 2024. Want to learn more about 48 1/2 3rd St? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.