Prospective homebuyers in Essex County had a plethora of options to consider in the real estate market between Feb. 10 and Feb. 16. The region saw a range of properties available for under $350,000, providing opportunities for those looking to invest in a new home. In this article, we delve into recent property sales in Essex County, focusing on homes that fell within this price range.
Exploring the Top 10 Properties
One standout property was the single-family residence located at 399 South 15th Street in Newark, NJ, which sold for $350,000. This home, built in 1930, offers a spacious 3,226 square feet of living space on a 3,511-square-foot lot. The deal was finalized on Jan. 15, making it a desirable option for buyers seeking a comfortable and affordable living space.
Another noteworthy property was the single-family home at 10-12 Homestead Park in Newark, NJ, which changed ownership for $349,704. This property, constructed in 2003, boasts 3,134 square feet of living area on a 3,820-square-foot lot. With a finalization date of Jan. 15, this home presented a modern and attractive option for potential buyers.
Insights and Trends in the Real Estate Market
The real estate market in Essex County also saw a condominium at 325 Fairmount Avenue in Newark, NJ, sell for $331,000 in January. This property, spanning 1,188 square feet, offered a comfortable living space at a reasonable price of $279 per square foot. With a transaction finalized on Jan. 15, this condominium showcased the diversity of options available to buyers in the county.
In Bloomfield, NJ, a 1-bedroom condominium at 386 Hoover Avenue changed hands for $288,000, offering a cozy living space of 912 square feet. With a finalization date of Jan. 13, this property highlighted the potential for affordable homeownership in the area.
Among the top 10 properties in Essex County was a single-family house at 920 Broad Street in Newark, NJ, which sold for $260,000. This home, built in 1907, features 1,864 square feet of living space on a 3,001-square-foot lot. With a finalized deal on Jan. 13, this property stood out as a historic yet affordable option for prospective buyers.
In conclusion, the real estate market in Essex County offers a diverse range of properties for homebuyers looking to invest in a new residence. From spacious single-family homes to cozy condominiums, there are options available for individuals seeking affordable housing in the region. By exploring the top 10 properties under $350,000, buyers can find a suitable and comfortable living space that fits their budget and lifestyle.