86 Chancellor Ave, 1 | Newark City

$340,000 | 3 Beds | 3 Baths (1 Full, 2 Half)

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, 2.5-3 bathrooms, 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. GSMLS 3928614

Directions to property: Elizabeth Ave to Chancellor Ave

MLS Listing ID: 
GSMLS 3928614
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Community Information
Elementary: 
CHANCELLOR
Middle: 
CHANCELLOR
High: 
CHANCELLOR
Building Details
Details about the building on a property.
Architectural Style: 
Ranch
Year Built: 
1940
New Construction: 
0
Basement: 
Full, Walkout
Interior: 
Walk-In Closet
Fireplaces: 
No
Construction
Roof: 
Asphalt Shingle
Exterior: 
Brick
Exterior Features: 
Open Porch(es)
DisabilityFeatures: 
No
Energy Information: 
Electric
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
5
Total Bedrooms: 
3
Total Bathrooms: 
3
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
2
Master Bathroom 
Level: 
First
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit
Heating System Fuel: 
Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
50X100
Waterfront: 
0
Lot Features
Driveway: 
None, Off-Street Parking
Parking Type: 
None, Off-Street Parking
Total Parking Spaces: 
0
Garage: 
None
Pool: 
No
Fence: 
No
Public Record
Parcel Number: 
1614-03690-0000-00010-0000-
Lot Number: 
10
Annual Tax: 
$7,370.00
Property Zoning: 
Residential
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
10/9/2024
Contract Details
Details about the listing contract.
Exclusions: 
New windows and plans are being sold with home.
Possession: 
Upon Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP REALTY, LLC