585 M L K Blvd, Newark, NJ 07102

4 beds3 baths-- sqft Edit

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Sold: $237,000
Sold on 08/27/14
Zestimate®: $223,476
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Location, Location, Location! Brooklyn style brownstone meets downtown Newark revitalization. Short distance to Devils Arena, City Hall, Colleges, Penn Station & NJPAC. This turn key three family home makes for a great investment or ideal for an owner occupant who wants to have the tenants pay the mortgage. All three units have been recently renovated with new kitchens, baths, electric, flooring, windows and doors. Three new gas boilers and three new water heaters as well. All units have separate utilities. Two large one bedrooms units, one contains a bonus office room. The two bedroom unit is large as well.

Facts

  • Multi Family
  • Built in 1950
  • Views: 302 all time views
  • Last sold: Aug 2014 for $237,000

    Other

    • Zillow Home ID: 2111568447

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $223,476
    +$1,459 Last 30 days
    $210K
    $237K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,580/mo
    +$44 Last 30 days
    $1.2K
    $1.8K
    Zestimate range

    Popularity on Zillow

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    302 all-time views
    of this home (chart)
    135 forecasted views of this home
    in the first 7 days after listing for sale
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    Comparable Homes

    Homes like this sold for $205-292K.

    $180K
    $320K
     

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    Neighborhood

    Market guide

    Zillow predicts Springfield-Belmont home values will rise 0.4% next year, compared to a 0.1% increase for Newark as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In Springfield-Belmont, the number of foreclosures waiting to be sold is 69.2% less than in Newark, and 96.2% lower than the national average. This lower local number could help Springfield-Belmont home values rise more quickly than other regions in Newark.

    Learn more about forecast calculations or Springfield-Belmont home values.
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      Nearby Schools in Newark

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org