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124 Spruce St, Bloomfield, NJ, 07003

8beds
4baths
3,400sqft
$849,000
$250price/sqft
$6,383/moest. monthly cost
$255,320/yrincome needed

About This Home

Investment Opportunity Knocks. Four Family in highly sought neighborhood in Bloomfield. One 3 bedroom unit, Two 2 bedroom units, and 1 One Bedroom unit with solid rental income. Convenient location to all shopping and Garden State Parkway. The perfect Investment opportunity for you, the next Owner.

Getting Around

81
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

4/10
4/10
Bloomfield Middle SchoolGrades 7-82.0 mi
4/10
Bloomfield High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Yes,Finished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Bedrooms,Eat-in Kitchen,Eat-In Kitchen,Living Room

Heating & Cooling

  • Heating features: Baseboard - Hotwater,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,400
  • Total interior livable area: 3,400 sqft

Property

Details

  • Parcel number: 1602002820000000290000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 0.26 Acres
  • Lot size dimensions: 78 x 147

Parking

  • Parking features: On Street

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

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

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
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 $4,293$51,516
Home Insurance *$231$2,772
Property Taxes $1,485$17,820
Electricity $374$4,497
Total$6,383$76,596
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$218,845/yr
40% on housing$191,490/yr
45% on housing$170,213/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

$250This listing

vs Other Active Listings

Avg $/sqft

ZIP 07003$318
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07003$415
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)

No zestimate history available

Price History

DateEventPrice
2026-04-21Listed for sale$975,000
2026-01-05Listing removed$939,000
2025-09-01Price change$939,000
2025-04-14Pending sale$950,000
2025-01-08Listed for sale$950,000
2021-12-15Listing removed--
2021-12-01Listed for rent$1,500
2021-02-13Listing removed--
2021-01-11Price change$749,000
2020-08-18Price change$700,000
2020-07-09Listed for sale$750,000
2019-12-30Listing removed$225,000
2019-12-04Listed for sale$225,000
2019-03-21Listing removed$1,950
2019-02-18Listed for rent$1,950
2018-11-06Listing removed$1,150
2018-10-19Price change$1,150
2018-10-09Listed for rent$1,250

For Sale by Agent

AgentJohn Natale
BrokerageReal

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