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42 Scheerer Ave, Newark, NJ, 07112

4beds
1baths
--sqft
$449,000
--price/sqft
$3,484/moest. monthly cost
$139,360/yrincome needed

About This Home

a stunning Newark gem where modern updates meet classic comfort. The heart of this home is the spacious eat-in kitchen,dining room and living room perfect for culinary enthusiasts and daily gatherings. Relax in the beautifully renovated bathroom. Need more space? The spacious attic and large basement offer endless potential for a home office, gym, or extra storage. Step outside to a lovely deck overlooking the backyard, an ideal spot for summer BBQs or quiet mornings. This move-in-ready property provides the versatility and room to grow that you have been looking for

Getting Around

71
WalkingVery Walkable
61
TransitGood Transit
51
BikeBikeable

Schools

3/10
1/10
Weequahic High SchoolGrades 9-120.8 mi
1/10

Construction

Condition

  • Year built: 1922

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Gas Cooktop,Microwave,Range/Oven-Gas,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

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

Kitchen

  • Features: Eat-in Kitchen,Separate Dining Area

Property

Details

  • Parcel number: 1614036400000000340000

Lot

  • Lot size: 4,791 sqft
  • Features: Level
  • Lot size dimensions: 50 x 100

Parking

  • Parking features: Concrete,Driveway-Exclusive
  • 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
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat 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 $2,270$27,240
Home Insurance *$236$2,832
Property Taxes $785$9,420
Electricity $193$2,318
Total$3,484$41,808
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,451/yr
40% on housing$104,520/yr
45% on housing$92,906/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07112$275
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07112$186
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
2026-07-19Listed for sale$449,000
2021-03-24Listing removed--
2015-02-18Listing removed$170,000
2014-12-19Listed for sale$170,000

For Sale by Agent

AgentWilnor Jean
BrokerageKeller Williams Realty

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