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58 Vermont Ave, Newark, NJ, 07106

7beds
4.1baths
3,601sqft
$875,000
$243price/sqft
$6,825/moest. monthly cost
$273,000/yrincome needed

About This Home

Welcome to 58 Vermont Ave in Newark! - 2 Family - New Construction - Vailsburg Section of Newark - Beautiful Modern Home Includes 2 Apartments Featuring Large Master Bedroom Suite w/Walk in Closet & Full Bath, 2 Additional Bedrooms, Dining Room, Modern Kitchen w/Granite Countertops and Stainless Steel Appliances (Stove, Dishwasher, Refrigerator and Microwave) and Living Room. Finished Basement with Bedroom/Rec Rm, Laundry Room & Half Bath. Built-In 2 Car Garage. All Hardwood Floors. Central Air. Forced Hot Air. Recessed Lighting. Sprinkler System. Intercom Doorbell System. Wired for Electric Car Chargers. City of Newark 5 Year Tax Abatement for Those Who Qualify. Vinyl Fenced in Backyard to Enjoy the Seasons. Short Walk to Vailsburg Park which underwent $11 Million renovation in 2023. Owners of LLC are licensed Realtors in State of New Jersey.

Getting Around

78
WalkingVery Walkable
57
TransitGood Transit
49
BikeSomewhat Bikeable

Schools

4/10
Speedway AcademiesGrades PK-80.3 mi
1/10
West Side High SchoolGrades 9-120.9 mi
1/10
Central High SchoolGrades 9-121.7 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle,Metal

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,See Remarks,Washer,Dishwasher,Microwave Oven,Range/Oven - Gas,Refrigerator,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4.1
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • High Ceilings,Walk-In Closet(s),Rec Room,See Remarks,Storage,Utility Room,Bedrooms,Dining Room,Kitchen,Living Room,Pantry
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 2 Units,Forced Air,Natural Gas
  • Cooling features: 2 Units,Central Air

Interior Area

  • Total structure area: 3,601
  • Total interior livable area: 3,601 sqft

Property

Details

  • Parcel number: 1614040350000000330000
  • Other equipment: Intercom

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Exterior features: Sidewalk

Lot

  • Lot size: 2,613 sqft
  • Features: Level
  • Lot size dimensions: 25 x 100

Parking

  • Total spaces: 2
  • Parking features: 1 Car Width,Concrete,Built-In Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,424$53,088
Home Insurance *$474$5,688
Property Taxes $1,531$18,372
Electricity $396$4,763
Total$6,825$81,900
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$234,000/yr
40% on housing$204,750/yr
45% on housing$182,000/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$243This listing

vs Other Active Listings

Avg $/sqft

ZIP 07106$252
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07106$221
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$850,000
2026-07-10Price change$875,000
2026-06-02Listed for sale$895,000
2025-06-18Sold$50,000
2005-06-14Sold$370,000
2003-12-15Sold$295,000
1993-12-14Sold$64,000

New Construction

AgentAugusto Neno
BrokerageNeno-Rosa Agency

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