87 Madison Ave, Newark City, NJ 07108
Essex County
Key Facts
Description
Spacious, fully renovated in 2024, and move-in ready, this 5 bedroom, 2 bathroom home offers the space today's buyers are looking for at an exceptional value. Start your day in the enclosed front porch sitting room, a welcoming space to relax, work from home, or enjoy your morning coffee. The open living and dining areas flow seamlessly into the beautifully updated kitchen featuring stainless steel appliances and direct access to a large private backyard, perfect for entertaining, gardening, or simply enjoying the outdoors. Central air and heat provide year-round comfort throughout the home. Upstairs, you'll find five generously sized bedrooms spread across the second and third floors, including a primary bedroom with a sizable walk-in closet, along with two thoughtfully updated full bathrooms. The partially finished basement offers additional flexibility for storage, a home gym, recreation space, and includes a washer and dryer. Filled with natural light and conveniently located near Clinton Avenue shopping and dining, Weequahic Park, local bus routes, and Newark Penn Station with PATH and NJ Transit service to NYC, this home combines space, convenience, and value in one attractive package. Come see why so many buyers are searching for a home just like this.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1910
Lot Size
0.04 acres
Ownership
Fee Simple
Days on Market
30
MLS® Listing#
4035750
Property Features
Interior
Appliances
Cooling
Heating
Basement
Construction
Roof
Utilities
Sewer
Water Source
Rooms
- Kitchen
Financial Details
Annual Taxes
$7,478
Tax year 2025
Assessed Value
$187,000
Parcel Number
1614-02661-0000-00058-0000-
Directions
Peshine Ave and Hunterdon Street
Affordability Calculator
$89,000
Estimated monthly payment
$2,368/mo
Principal $356,000 · Est. interest $496,652 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,173
- Median Listing Price
- 49
- Median Days on Market
- 1,400
- Median Sq Ft
- $401
- Median Price / Sq Ft
- 3,191
- Active Listings
- This home’s price is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Avon Avenue School
Elementary · 0.2 mi away
Harold Wilson School
School · 0.3 mi away
Belmont Runyon Elementary School
Elementary · 0.3 mi away
North Star Academy Clinton Hill Middle School
Elementary · 0.4 mi away
Malcolm X Shabazz High School
Secondary · 0.4 mi away
Kipp Thrive Academy
School · 0.5 mi away
Kipp Bold Academy
School · 0.5 mi away
Central High School
Secondary · 0.5 mi away
Louise A. Spencer Elementary School
Elementary · 0.6 mi away
Cleveland Elementary School
Elementary · 0.6 mi away
Miller Street Elementary School
Elementary · 0.7 mi away
University High School
Secondary School · 0.7 mi away
Newark Leadership Academy
School · 0.8 mi away
Newark Vocational High School
Secondary · 0.8 mi away
Great Oaks Legacy Charter School
School · 0.8 mi away
Madison Elementary School
Elementary · 0.8 mi away
American History High School
Secondary · 0.8 mi away
Hawthorne Avenue School
Elementary · 0.8 mi away
Samuel L Berliner School
School · 0.8 mi away
Bard High School Early College
Secondary School · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 215 Philadelphia Ave, Egg Harbor City, NJ | $319,900 | 4 | 3 | — |
| 209 Chicago Avenue, Egg Harbor City, NJ | $320,000 | 5 | 2 | 1,200 |
| 116 E Federal St, Burlington City, NJ | $324,000 | 4 | 2 | — |
| 712 Magellan Ave, Atlantic City, NJ | $334,000 | 4 | — | 1,100 |
| 1527 N Arkansas, Atlantic City, NJ | $340,000 | 4 | — | — |
| 129 Stone St, Newark City, NJ | $340,000 | 5 | 3 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: COMPASS NEW JERSEY LLC - 2016274947