86 88chancellor Ave
Newark City, NJ 07112
Price: $350,000
GSMLS: 3992709Type: Single Family
Style: Ranch
Beds: 3
Baths: 1 Full & 2 Half
Garage: No
Year Built: 1920
Acres: 0.11
Property Tax: $7,518
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.
Rooms Sizes
Kitchen:
n/a
Dining Room:
n/a
Living Room:
n/a
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
n/a
Ground:
3Bedroom,BathMain,Kitchen,LivDinRm
Level 1:
n/a
Level 2:
n/a
Level 3:
n/a
Level Other:
n/a
Room Features
Kitchen:
See Remarks
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
n/a
Year Renovated:
n/a
Basement:
Yes - Unfinished
Full Baths:
1
Half Baths:
2
Appliances:
Sump Pump
Flooring:
Carpeting
Fireplaces:
No
Fireplace:
n/a
Interior:
n/a
Exterior Features
Garage Space:
No
Garage:
n/a
Driveway:
None
Roof:
Asphalt Shingle
Exterior:
Brick
Swimming Pool:
No
Pool:
n/a
Utilities
Heating System:
Baseboard - Cast Iron
Heating Source:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.11
Lot Dimensions:
50X100
Lot Features:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$350,000
Tax Amount:
$7,518
Land Assessment:
$110,000
Build. Assessment:
$87,700
Total Assessment:
$197,700
Tax Rate:
3.80
Tax Year:
2024
Ownership Type:
Fee Simple
Listing Information
MLS ID:
3992709
List Date:
10-15-2025
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
