53 Nichols St, Newark, NJ 07105

5 beds, 2 baths, 1,642 sqft
For Sale
$200,000
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2 FAM HOUSE IN THE IRONBOUND SECTION OF NEWARK NEAR PARKS, STORES, RESTAURANTS AND TRANSPORTATION. SEPARATE UTILITIES. LOTS OF POTENTIAL.
Facts
  • Lot: 1,306 sqft
  • Multi Family
  • Built in 1900
  • 136 days on Zillow
  • Price/sqft: $122
  • MLS #: 3133254
Construction
  • Exterior material: Wood
  • Roof type: Other
  • # Stories: 2.0
  • Structure type: Other
  • Unit count: 2
Other
  • Floor size: 1,642 sqft
  • Lot depth: 75
  • Lot width: 20
  • Parcel #: 1400959000000070
  • Zillow Home ID: 38697841
Home Values
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$184,289
+$3,978 Last 30 daysd
$158K
$212K
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$1,522/mo
+$75 Last 30 daysd
$1.2K
$2.3K
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Neighborhood for 53 Nichols Street

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Zillow predicts North Ironbound home values will decrease 0.6% next year, compared to a 1.4% decrease for Newark as a whole. Among North Ironbound homes, this home is 18.6% less expensive than the midpoint (median) home, but is priced 9% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the North Ironbound market, the number of foreclosures waiting to be sold decreased 5.4% in the last year. The number of unsold foreclosures is 42.1% lower than in Newark, and 83.6% less than the national average. This lower local number could help North Ironbound home values rise more quickly than other regions in Newark.

Learn more about forecast calculations or North Ironbound home values.
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