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48 Cornerstone Ln, Newark, NJ, 07103

2beds
3baths
1,269sqft
$395,000
$311price/sqft
$3,160/moest. monthly cost
$126,400/yrincome needed

About This Home

Smart Opportunity for today and tomorrow. Own this 2 bedroom/2.5 bath townhouse with private garage at the best location in Society Hill University Heights 3 with easy access to mass transit for trips to NYC. Welcome to this upper two-level unit featuring in unit washer/dryer, new vinyl "wood like" flooring throughout, a balcony on each level great for a quick breath of fresh air or morning coffee and forced air/central air for year-round living comfort. Potentially a lifestyle game changer given the outdoor pool, tennis courts, club house and security are just a block away. Parking a breeze with an oversize garage with an outdoor parking space in tandem and garage storage for bikes, etc. Windows/Patio doors, appliances and alarm system sold in "as is" condition.

Getting Around

88
WalkingVery Walkable
86
TransitExcellent Transit
64
BikeBikeable

Schools

5/10
1/10
Central High SchoolGrades 9-120.9 mi
1/10
Barringer High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1990

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dishwasher,Dryer,Kitchen Exhaust Fan,Range/Oven-Gas,Refrigerator,Washer,Gas Water Heater
  • Laundry features: Laundry Room,Level 3

Basement

  • Basement: None

Bedroom1

  • Level: Third

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Features: Dining L
  • Level: Second

Features

  • Utility Room
  • Door features: Storm Door(s)
  • Window features: Thermal Windows/Doors,Blinds,Shades
  • Flooring: Carpet,Laminate,Tile,Vinyl-Linoleum
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: 1 Unit,Forced Air,Natural Gas
  • Cooling features: 1 Unit,Central Air

Interior Area

  • Total structure area: 1,269
  • Total interior livable area: 1,269 sqft

Kitchen

  • Features: Country Kitchen,Eat-in Kitchen
  • Level: Second

Living Room

  • Level: Second

Master Bathroom

  • Features: Soaking Tub,Tub Shower

Property

Details

  • Parcel number: 1614004060000000010000C2108
  • Attached to another structure: Yes
  • Zoning description: Residential
  • Exclusions: Tenant's Processions

Features

  • Levels: Multi Floor Unit
  • Private pool: Yes
  • Pool features: Outdoor Pool,Association
  • Patio & porch: Deck
  • Exterior features: Curbs

Lot

  • Features: Cul-De-Sac,Level,Open Lot
  • Lot size dimensions: 0

Parking

  • Total spaces: 1
  • Parking features: 2 Car Width,Additional Parking,Asphalt,Shared Driveway,Hard Surface,See Remarks,Detached Garage,Garage Door Opener,Garage,Oversized,Tandem
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Strong Wind
Tornado
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 $1,997$23,964
Home Insurance *$279$3,348
Property Taxes $691$8,292
Electricity $193$2,318
Total$3,160$37,920
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,342/yr
40% on housing$94,800/yr
45% on housing$84,266/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

$311This listing

vs Other Active Listings

Avg $/sqft

ZIP 07103$278
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07103$164
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
2026-06-23Listed for sale$395,000
2026-04-13Pending sale$395,000
2026-03-25Listed for sale$395,000
2024-08-29Listing removed--
2024-07-08Listed for rent$2,600
2024-01-03Listing removed--
2023-12-14Listed for rent$2,300
2020-02-19Listing removed$1,900
2019-11-23Listed for rent$1,900

For Sale by Agent

AgentLaurena White
BrokerageProminent Properties Sir

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