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Image 1 - 86-88 Chancellor Ave, Newark, New Jersey, 07112 - House for sale
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Image 4 - 86-88 Chancellor Ave, Newark, New Jersey, 07112 - House for sale
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Image 9 - 86-88 Chancellor Ave, Newark, New Jersey, 07112 - House for sale
Home For Sale In Newark, New Jersey
86-88 Chancellor Ave, Newark, New Jersey, 07112

Home For Sale In Newark, New Jersey

house for sale
Listed: 05/29/24

86-88 Chancellor Ave, Newark, New Jersey, 07112

3 Bed:
0.5 Bath:
Save
Price
$ 330,000
Price:  Lower

About This House

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, 2.5-3bathrooms, 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.

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Newark Housing & Living

Average sale prices for houses

3 bed
Show as List Show as Graph
In May 2024, the asking price for 3 bed houses for sale in/near Newark, United States averaged $381,770, a decrease of 10.4% from the previous month.
Median price trends for properties for sale in Newark, United States as of May 2024.

Household Income

Median household income: $37,642
Number of households: 101,689
The average household income in Newark, NJ grew from $35,167 to $37,642 in the past year. This data is an estimate based upon 101,689 households in Newark, NJ.
The chart below presents how household income is distributed in Newark, NJ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Newark, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Newark, NJ equals $3k+ , which is more than the national average.