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Newark, NJ Real Estate News

By Malik Crichlow, Maplewood,SouthOrange,Union Real estate
(GoodBuy Homes NJ Essex & Union County Real Estate specialist)
$249,000LOCATION, LOCATION, LOCATION! This 3 BR 2.5 Bath 2-story Townhouse is exactly what you have been looking for! Open concept, close to everything and Located in Newark's own Society Hill! Just 20 Minutes from NYC via the Path Train; this Beautiful Townhouse boast 3 bedrooms and 2.5 bathrooms!!! It's spacious, bright and has some tasteful upgrades throughout. This unit is centrally located next to Universities, Transportation, Restaurants and Shopping; Nothing left to do but move in! The spacious Open Living room & Dining area compliments the full Eat-In-Kitchen w/ Laundry room and half bathroom on the first floor. Venture upstairs to find 2 nice size Bedrooms and a main bath not to forget the spacious Master Bedroom with private Bath and Balcony. Just pack your bags and move in, T...
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By Malik Crichlow, Maplewood,SouthOrange,Union Real estate
(GoodBuy Homes NJ Essex & Union County Real Estate specialist)
  This is a GOODBUY Homes exclusive!   Asking $189,000 Welcome home!!! Spacious 2 bedroom , 2.5 bathroom townhouse has it all! Renovated Master bedroom & bath with walk-in closet,new laminate flooring, recessed lights, SS appliances and so much more!  Looking to live in Newark's premier condo/townhouse community Society Hill? Well here is your chance!! Just minutes from Downtown, court house, Universities & Newark Penn station This wonderful townhouse has it all! Renovated Kitchen, Master bath/bed, laundry, assigned parking along with so much more! Enter this 2 story unit into its spacious Living room/Dining room that leads to the renovated kitchen that offers SS appliances, recessed lights and newer counter/cabinetry...This is Home!!!!                                                   ...
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By Malik Crichlow, Maplewood,SouthOrange,Union Real estate
(GoodBuy Homes NJ Essex & Union County Real Estate specialist)
10 Years from now you'll look back & say I should of bought in NEWARK....Reading the heading your probably like why?  Being born in Brooklyn, NYC, I remember when no one wanted to live there but us, now look at it Multi-million dollar brownstones and condos tie up the skyline.  If you look back 10 years ago and Newark is where Brooklyn was.      Right now many areas in Newark are poverty stricken (I remember Flatbush Avenue in the 90's) it seems like no one wants to live there but all of sudden Newark has found life...They are many new building being bought and large name franchises coming to town.  Wholefoods is coming to Downtown Newark, they recently built a Sonic burger spot not to mention the Marriott that features a Joe's crab shack.  Newark now features Chipoltle and they are bui...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
We're proud to report another successful Bank of America Short Sale, a newer 2-family home in the historic Forest Hill section of Newark, NJ.   This 2-family home was built just over a decade ago.  It featured central air/heat, separate utilities, built in garage, paver driveway, fenced yard 5 bedrooms and 3 full bathrooms.  As you can imagine, there were many interested buyers for this Bank of America Short Sale. As we were able to obtain a pre-approved Bank of America Short Sale List Price, we knew any offer at full price would be approved by the lien holder.  We got an offer at full list relatively quickly, and got the short sale approved just a few weeks later with a huge $9,670 borrower incentive fee approved for our Short Sale client!  The story doesn't end there.  Unfortunately,...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
We've recently closed on another Wells Fargo HAFA Short Sale, this one in the Forest Hill section of Newark, NJ.   This side-hall colonial was highly sought after.  Besides its great location in historic Forest Hill, this Wells Fargo HAFA Short Sale offered 3 bedrooms, 3.5 bathrooms, a partially finished basement, a 2-car detached garage and original hardwood flooring and wood trim. After marketing the property for less than two weeks, we received a full list price offer from a VA qualified buyer who wanted to reside in this lovely home.   As this was a Wells Fargo HAFA Short Sale, we were provided the pre-approved list price ahead of time, so we were confident our offer would be accepted.  We had already provided our Short Sale seller's documentation to Wells Fargo HAFA Short Sale, so ...
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By Jason Feinman, Bergen County Real Estate Expert, ABR, CNE, e-PRO
(Coldwell Banker Residential Brokerage)
     For over 88 years, the Harlem Globetrotters have been entertaining fans with their incredible showmanship while innovating the game of basketball. As part of their 201 "Fans Rule" tour, the Globetrotters made a stop at the Prudential Center in Newark on Sunday Feb. 16, which I took in along with my son, and even though I had watched the Harlem Globetrotters on television when I was a kid, I never saw them in person until last night.      The doors opened at exactly 6 PM, for a 7 PM tip and they had some cheerleaders performing which we missed due to the length of the lines to get in. They didn't have any souvenir stands up on the concourse which was discouraging and I had to ask an attendant to find out you had to go down near the court where they had tables lined up and big lines,...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Rosa Agency is proud to announce that the sixth and seventh homes have closed in the highly anticipated Forest Hill Victorian Village project in Newark, NJ 07104. This new construction development consisting of 25 new homes in the Forest Hill section of Newark, NJ 07104 broke ground in 2011.  The sixth sale closed at 148-150 Manchester Pl., Newark, NJ 07104, a stunning 3-family home totaling 4,500 gross square feet of living space on three levels.  With gleaming hardwood floors, granite counters, stainless steel appliances, ceramic tiled kitchens and baths, central air conditioning and heating and separate utilities, this home boasts all the modern amenities of multi-family living. The fifth home closed in the project was located at 152 Manchester Pl., Newark, NJ 07104.  With a total of...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Seterus Short Sale with Bank of America Second Mortgage Closed in Vailsburg We're pleased to announce another successful Seterus Short Sale has closed, this one located in the Vailsburg section of Newark, NJ.  There was also a second lien with Bank of America Short Sale dept. which we also successfully settled with the short sale. This Four-Family Home in Vailsburg was a terrific investment.   It was located closely to schools, shopping, mass transit and Seton Hall University. All four units featured: 2 Bedrooms, 1 Full Bathroom, Kitchen, Living Room. Offering, separate utilities, parking on site and reasonable taxes, this Seterus Short Sale was in high demand. After completing the borrower eligibility phase, Seterus Short Sale Dept. ordered a Broker Price Opinion (BPO) to determine wha...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Rosa Agency is proud to announce that the third sale has closed in the highly anticipated Forest Hill Victorian Village project in Newark, NJ 07104. This new construction development consisting of 25 new homes in the Forest Hill section ofNewark, NJ 07104 broke ground in 2011.  The third sale closed at 136 Manchester Pl., Newark, NJ 07104, a stunning 3-family home totaling 4,500 gross square feet of living space on three levels.  With gleaming hardwood floors, granite counters, stainless steel appliances, ceramic tiled kitchens and baths, central air conditioning and heating and separate utilities, this home boasts all the modern amenities of multi-family living.  Rosa Agency represented both the Buyer and Seller on this transaction.   Forest Hill Victorian Village is situated in the Fo...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Ocwen Short Sale Closed in Society Hill We're pleased to announce another successful Ocwen Short Sale has closed, this one located in the Society Hill section of Newark, NJ.  There was also a second lien with Ocwen Short Sale dept. which we also successfully settled with the short sale. This three bedroom, 1.5 bathroom upper level unit was in fair condition.  Featuring hardwood floors a living room with wood burning stove, a kitchen with sliding glass doors to a balcony and two assigned parking spaces, this Ocwen Short Sale home was in high demand. After completing the borrower eligibility phase, Ocwen Short Sale Dept. ordered a Broker Price Opinion (BPO) to determine what price we should market the home for.  Once the home was marketed at the indicated list price, there was a tremendou...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Citibank Short Sale Closed in Newark NJ We're pleased to announce another successful Citibank Short Sale has closed, this one located in Newark, NJ.  This attached 2-family home was in need of repairs.  The property was an investment home for my clients, and their tenants had neglected the home and failed to pay rent, which was part of my clients' hardship.  Once the home became abandoned, it was eventually vandalized and suffered fire damage from a neighboring home.  Suffice to say, this was not an easy Short Sale. After completing the borrower eligibility phase, Citibank Short Sale Dept. ordered a Broker Price Opinion (BPO) to determine what price we should market the home for.  While a list price of only $47,000 may sound cheap to the average consumer, given the condition of this pro...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
HAFA Short Sale with Select Portfolio Servicing Closed in Newark We're pleased to announce another successful Select Portfolio Servicing HAFA Short Sale has closed, this one located in Newark, NJ. This 2-family home was in good condition and showed complete pride of ownership.  Featuring hardwood floors, an above ground pool in the rear yard, a finished basement and attic and separate utilities, it made for a great investment. As this was a U.S. Treasury HAFA Short Sale, we completed the request for HAFA consideration form.  Both lien holders participate in HAFA, and the borrower was quickly given a HAFA Short Sale Agreement.  The Short Sale agreement clearly spelled out the net proceeds necessary to release the liens against the property. We immediately moved to market the property at ...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Rosa Agency is proud to announce that the fifth and sixth homes in the highly anticipated Forest Hill Victorian Village project in Newark, NJ 07104 are now under contract. Both 142 Manchester Pl. and 144-146 Manchester Pl., Newark are under contract.  Perhaps more impressively, these homes were sold off of blue prints, as the construction of both homes is only at the foundation stage - a testament to the strong buyer demand for this development. This new construction development consisting of 25 new homes in the Forest Hill section ofNewark, NJ 07104 broke ground in 2011.  Two homes have already been sold and closed at Forest Hill Village Newark.  The first sale closed at 134 Manchester Pl. in 2012.  The second sale closed at 140 Manchester Pl., Newark, NJ 07104, in March, 2013.  With g...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Rosa Agency is proud to announce that the second sale has closed in the highly anticipated Forest Hill Victorian Village project in Newark, NJ 07104. This new construction development consisting of 25 new homes in the Forest Hill section ofNewark, NJ 07104 broke ground in 2011.  The second sale closed at 140 Manchester Pl., Newark, NJ 07104, a stunning 3-family home totaling 4,500 gross square feet of living space on three levels.  With gleaming hardwood floors, granite counters, stainless steel appliances, ceramic tiled kitchens and baths, central air conditioning and heating and separate utilities, this home boasts all the modern amenities of multi-family living.  Rosa Agency represented both the Buyer and Seller on this transaction. Forest Hill Victorian Village is situated in the Fo...
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By Malik Crichlow, Maplewood,SouthOrange,Union Real estate
(GoodBuy Homes NJ Essex & Union County Real Estate specialist)
WHY RENT WHEN YOU CAN OWN? This amazing townhouse has it all and is move in ready! Beautiful 2 story townhouse features 2 bedrooms, Kitchen, DR, LR with laundry on the first floor, this is home! 118 Irving Turner Blvd Newark, NJ 07103    ASKING PRICE $79,000 Features 2 bedrooms, 1 full bath, DR, Kitchen & Living room along with assigned parking and so much more!          Great Opportunity to buy this lovely Townhouse at a great price!! This is a short sale and subject to lender approval    Contact GoodBuy Homes NJ Realty at 973.843.9804 for more details about this or any other listing in Northern NJ   
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Bank of America Cooperative Short Sale Closed in North Newark NJ 07104 We’re pleased to announce another closed Bank of America Cooperative Short Sale was successfully concluded, this one located in the North Ward of the City of Newark. This 10 year old, 2-family home featured 10 total rooms, 6 total bedrooms, 3 full bathrooms a built in garage, separate utilities and central heat.  The home was in fair condition, with only some cosmetic repairs needed, and was a tremendous investment for only $135,000. This Bank of America Cooperative Short Sale was somewhat challenging for a few reasons.  First of all, the initial BPO value came in significantly higher than the offer price.  We successfully challenged that value and had it overturned.  Secondly, Bank of America employed a third party ...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Short Sales can be challenging, and FHA Short Sales seem to have a lot more challenges than HAFA or Traditional Short Sales do.  That’s partly why we’re pleased to announce this Bank of America FHA Short Sale was just closed in North Newark, NJ 07104. The subject property was a beautiful 2-Family Home, just 6 years young with 13 total rooms, 6 total bedrooms and 4 ½ bathrooms, and offered hardwood floors, a finished ground level recreation room and central air/heat.  Located in North Newark with close proximity to shopping, major transportation, Branch Brook Park and other public facilities, this home was a steal at just $250,000.   HUD Pre-foreclosure Sale (PFS) guidelines require that borrowers apply for a loan modification prior to being considered for a Short Sale of their FHA Loan....
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Sales continue to build momentum at the Forest Hill Victorian Village project in the historic Forest Hill section of Newark, New Jersey. This exciting project of 25 new construction 3-family homes kicked off in 2011, and last month saw the first home sold and closed at 134 Manchester Pl., Newark, NJ 07104.  Rosa Agency listed and sold 134 Manchester Pl.   Two more homes have since gone under contract, at 136-138 Manchester Pl. and 140 Manchester Pl.  Both homes are under construction, with delivery of each home projected for the end of 2012.  351 Verona Ave. is also under contract.   The Forest Hill Victorian Village project is situated in one of North Jersey’s most prime locations, the Forest Hill section of Newark, NJ.  Located just steps from Branch Brook Park, and directly across th...
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By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Rosa Agency is proud to announce that the first sale has closed in the highly anticipated Forest Hill Victorian Village project in Newark, NJ 07104. This new construction development consisting of 25 new homes in the Forest Hill section of Newark, NJ 07104 broke ground in 2011.  The first sale closed at 134 Manchester Pl., Newark, NJ 07104, a stunning 3-family home totaling 4,500 gross square feet of living space on three levels.  With gleaming hardwood floors, granite counters, stainless steel appliances, ceramic tiled kitchens and baths, central air conditioning and heating and separate utilities, this home boasts all the modern amenities of multi-family living.  Rosa Agency represented both the Buyer and Seller on this transaction. Forest Hill Victorian Village is situated in the For...
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By Malik Crichlow, Maplewood,SouthOrange,Union Real estate
(GoodBuy Homes NJ Essex & Union County Real Estate specialist)
The Newark Building Lot’s Proposal         The Properties:     This is a private sale of 26 Building Lots in Newark’s Upper Clinton Hill Section.     The Situation:     26 Building Lots Available All approved for Zone 2 Residential Homes The lot size is 25x100 per lot on average ( none smaller) The taxes are between $900.00 and $1,350.00 ( none higher) This is not on the MLS for sale There is no realtor involved We want to sell it as a package but will listen to group sales No 1off sales will be allowed The lots are being sold AS IS   The Cost:     We are looking for Twelve Thousand Five hundred ($12,500.00) per lot as a package. If we sell it in groups the price will be slightly more.   The Property Condition:     ·They are cleaned off empty lots. ·We are not responsible for any debris...
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