389 Lyons Avenue

Newark, NJ 07112

$750,000
Price
7
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Owner incentive. Assumable fha mortgage-3% interest rate for 27 years! New Construction (2021) Current Rental income is $4562 Plus Basement with plumbing in place. First Floor Unit (3Bed/1Bath) 3 queen-size bedrooms Open kitchen with a breakfast bar Granite counters +stainless steel appliances +Access to outdoor space ($2062 current rent) Second Floor Unit (Duplex): 4 bedrooms, 2 bathrooms Large living room and dining area Master bedroom suite with room for an office, bathroom suite, and walk-in...Owner incentive. Assumable fha mortgage-3% interest rate for 27 years! New Construction (2021) Current Rental income is $4562 Plus Basement with plumbing in place. First Floor Unit (3Bed/1Bath) 3 queen-size bedrooms Open kitchen with a breakfast bar Granite counters +stainless steel appliances +Access to outdoor space ($2062 current rent) Second Floor Unit (Duplex): 4 bedrooms, 2 bathrooms Large living room and dining area Master bedroom suite with room for an office, bathroom suite, and walk-in closet ($2500 current rent). Additional Features: Three separate meters for easy management of utilities All-electric home, keeping overhead costs low Investor-friendly setup with strong rental potential.
  1. Listed by Melissa Solin • Yaffa Realty • (408) 504-0767

Property Details for 389 Lyons Avenue

Style
2 Family
Sub style
Other
Waterfront
None
Garage
Park Space

Open Houses

Sunday, Nov 17th

1:00 PM - 2:00 PM

Public

LISTING UPDATED: 11/13/2024 10:50 AM

Property Details for 389 Lyons Avenue

StatusActive
MLS #24033387
Days on Market33
Taxes$6,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Family
Year Built-
Lot Size0.08 AC / 3,341 SF
CountyEssex County

Building Information for 389 Lyons Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.08 AC / 3,341 SF

Property Information for 389 Lyons Avenue

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: Lyons
  • County Name: ESSEX
  • Status: ACTIVE
  • Street Number Numeric: 389
  • Zip Code: 07112
Taxes and HOA Information
  • Ease assessment: None Known
  • Tax: $6,000
Owner
  • Ownership: Finance Co
Property
Lot Information
  • Lot size: 3341.0
  • Lot: 00026
  • Year Built: New Construction-Existing Foundation
  • Views exposure: Sunrise
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 03070
Property and Assessments
  • Photo: Y
  • Photo Number: 21
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: O/See Rmks
  • Heatcool: Electric, Other Fuel Source/See Rmks
  • Cooling Type: Electric, Other Fuel Source/See Rmks
Interior and Exterior Features
Interior Features
  • Bedrooms: 7
  • Baths full: 3
  • Baths partial: 0
  • Floor 1St: First floor
  • Floor 2Nd: Second Floor
  • Basement: Prt Finished
  • Number of rooms: 10
  • Laundry: None
  • Lifestyle: Close/Parks
  • Full Baths Total: 3
  • Num of Baths: 3.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $750,000.00
  • Listing Date: 10-15-2024
  • Status Date: 10-16-2024
Showing Information
  • Internet Remarks: OWNER INCENTIVE. ASSUMABLE FHA MORTGAGE-3% INTEREST RATE FOR 27 YEARS! New Construction (2021) Current Rental income is $4562 Plus Basement with plumbing in place. First Floor Unit (3Bed/1Bath) 3 queen-size bedrooms Open kitchen with a breakfast bar Granite counters +stainless steel appliances +Access to outdoor space ($2062 current rent) Second Floor Unit (Duplex): 4 bedrooms, 2 bathrooms Large living room and dining area Master bedroom suite with room for an office, bathroom suite, and walk-in closet ($2500 current rent). Additional Features: Three separate meters for easy management of utilities All-electric home, keeping overhead costs low Investor-friendly setup with strong rental potential.

Property History for 389 Lyons Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 389 Lyons Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$5,868 ($489 / month)
Home Facts
Beds0Total Finished SqFt2,076 SqFtAbove Grade Finished SqFt2,076 SqFtStories3Lot Size3,341 SqFtStyleSingle Family ResidenceYear Built1920CountyESSEXAPN14 03070-0000-00026

Schools near 389 Lyons Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Chancellor Avenue Elementary School
PublicPK to 8

Hawthorne Avenue Elementary School
PublicPK to 8

B.R.I.C.K. Peshine Academy
PublicPK to 8

George Washington Carver Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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389 Lyons Avenue is a multi-family home for sale in Newark, NJ 07112. This property was listed for sale on October 15, 2024 by Yaffa Realty, it's currently listed at $750,000. It has been on the market for a total of 33 days and was last sold on October 6, 2021. This listing's school district is The Newark Public School District. Nearby schools include Chancellor Avenue Elementary School, Hawthorne Avenue Elementary School and B.R.I.C.K. Peshine Academy. 389 Lyons Avenue is a 7-bed, 3-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Yaffa Realty, Melissa Solin

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/17/2024 08:28 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/17/2024 08:28 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.