$499,000

66 Scheerer Ave Unit 68 Newark, NJ 07112

Weequahic Neighborhood

Estimated payment $3,266/month

Total Views 3,607
6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Spacious 6 bedroom, 3 bath Colonial in Newark with 2,580 sq ft of living space. GREAT INVESTMENT property with strong rental potential. SHORT SALE pending bank approval and sold strictly as-is. Home is in need of renovations but offers tremendous upside. Includes walkout basement, 2-car garage, and large lot. Conveniently located near schools, transit, and major highways. Easy commute to NYC.

Listing Agent

QUEENELLA GIBSON-DELPHIN

WEICHERT REALTORS Brokerage Phone: 973-234-7789 Listed on: 06/17/2025

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,119

Year Built

  • Built in 1920

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Multiple Heating Units
  • Underground Utilities

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,792 Sq Ft Lot

Community Details

  • Net Operating Income $9,999,999

Listing and Financial Details

  • Assessor Parcel Number 1614-03640-0000-00046-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,119

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1920
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 66
  • Directions: Nye Avenue, right onto Bergen St, left onto Scheerer Avenue
  • I D: 5365574
  • Modified: 2025-07-18
  • Number Images: 1
  • Attribution Contact: 973-234-7789
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 9
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Description: Wood Shingle
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water

Lot Info

  • Lot Size: 50X100
  • Assessed Improvement Value: 138400
  • Assessed Land Value: 22500
  • Assessment: 160900
  • Lot Identifier: 46
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6119
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-03640-0000-00046-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,998 $160,900 $22,500 $138,400
2024 $5,998 $160,900 $22,500 $138,400
2022 $6,011 $160,900 $22,500 $138,400
2021 $6,008 $160,900 $22,500 $138,400
2020 $6,114 $160,900 $22,500 $138,400
2019 $6,051 $160,900 $22,500 $138,400
2018 $5,942 $160,900 $22,500 $138,400
2017 $5,728 $160,900 $22,500 $138,400
2016 $5,535 $160,900 $22,500 $138,400
2015 $5,324 $160,900 $22,500 $138,400
2014 $4,990 $160,900 $22,500 $138,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 For Sale $499,000 +487.1% --
08/17/2018 08/17/18 Sold $85,000 -7.6% $33 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $92,000 -- $36 / Sq Ft
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $92,000 Shepherd Title Agency
Deed $85,000 Shepherd Title Agency
Warranty Deed -- --
Quit Claim Deed $100 --
Deed $200,000 --
Deed $82,000 --
Quit Claim Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $277,500 Commercial
Closed $203,000 New Conventional
Previous Owner $284,200 FHA
Previous Owner $215,100 New Conventional
Previous Owner $160,000 No Value Available
Source: Public Records

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Source: Garden State MLS

MLS Number: 3969849

Garden State MLS

APN: 14-03640-0000-00046