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488 South 17th Street, Newark, NJ, 07103

8beds
6baths
3,727sqft
$900,000
$241price/sqft
$7,172/moest. monthly cost
$286,880/yrincome needed

About This Home

Newer "Three Family Home" Built in 2021 - Located near West Side Park, GS Parkway & University Heights - Featuring Brick Front, Hardwood Floors, Central Air, Granit Counters Tops, Stainless Steel Appliances, Low Taxes & much more

Getting Around

71
WalkingVery Walkable
61
TransitGood Transit
50
BikeBikeable

Schools

1/10
West Side High SchoolGrades 9-120.3 mi
1/10
Central High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 2021

Materials

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

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Exhaust Fan,Range/Oven - Gas,Kitchen Exhaust Fan,Gas Water Heater

Basement

  • Basement: None,Finished

Bedrooms & Bathrooms

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

Features

  • Walk-In Closet(s),Bedrooms,Kitchen,Living/Dining Room
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 3 Units,Cent Register Heat,Natural Gas
  • Cooling features: 3 Units,Central Air

Interior Area

  • Total structure area: 3,727
  • Total interior livable area: 3,727 sqft

Property

Details

  • Parcel number: 1614003270000000450001

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Exterior features: Sidewalk
  • Fencing: Metal Fence

Lot

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

Parking

  • Total spaces: 2
  • Parking features: Asphalt,Concrete,Built-In Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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 WaveModerate

How This Home’s Risks Compare

Heat Wave

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 $4,550$54,600
Home Insurance *$637$7,644
Property Taxes $1,575$18,900
Electricity $410$4,930
Total$7,172$86,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$245,897/yr
40% on housing$215,160/yr
45% on housing$191,253/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

$241This listing

vs Other Active Listings

Avg $/sqft

ZIP 07103$277
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
2026-04-15Price change$900,000
2026-04-03Price change$925,000
2026-02-10Listed for sale$950,000

For Sale by Agent

AgentJoaquim Ferreira
BrokerageCornerstone Realty Associates

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