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51 Rose Ter, Newark, NJ, 07108

8beds
6baths
29,997sqft
$1,050,000
$35price/sqft
$11,042/moest. monthly cost
$441,680/yrincome needed

About This Home

This is a brand new 3 family house almost completed! The house qualifies 5 year tax abatement for owner occupied. Close to elementary and high schools. Close to Route 78 and garden State Parkway. You must see it to appreciate it. Easy to show.

Getting Around

76
WalkingVery Walkable
62
TransitGood Transit
48
BikeSomewhat Bikeable

Schools

3/10
Avon Avenue SchoolGrades PK-80.1 mi
1/10
Central High SchoolGrades 9-120.5 mi
1/10

Construction

Condition

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

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Exhaust Fan,Microwave,Range/Oven - Gas,Kitchen Exhaust Fan,Microwave Oven
  • Laundry features: Laundry Room

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Bedrooms,Kitchen,Living/Dining Room,Pantry,Master Bedroom,Dining Room,Living Room

Heating & Cooling

  • Heating features: Cent Register Heat,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 29,997
  • Total interior livable area: 29,997 sqft

Property

Details

  • Parcel number: 1614026240000000250000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 3,484 sqft
  • Lot size dimensions: 31 x 112.7

Parking

  • Total spaces: 3
  • Parking features: See Remarks,Built-In Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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 WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
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 $5,309$63,708
Home Insurance *$590$7,080
Property Taxes $1,837$22,044
Electricity $3,306$39,680
Total$11,042$132,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$378,582/yr
40% on housing$331,260/yr
45% on housing$294,453/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

$35This listing

vs Other Active Listings

Avg $/sqft

ZIP 07108$255
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07108$264
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
2026-07-08Listed for sale$1,050,000
2024-01-12Sold$175,000
2023-11-29Pending sale$199,999
2023-08-23Listed for sale$199,999
2005-04-07Sold$405,000
2003-11-04Sold$259,900

New Construction

AgentGiancarlo Vargas
BrokerageSky Realty Associates

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