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42 Mead St, Newark, NJ, 07106

5beds
2baths
--sqft
$374,999
--price/sqft
$2,948/moest. monthly cost
$117,920/yrincome needed

About This Home

Spacious 5-bedroom, 2-bath home offering great potential for investors or savvy buyers! Property is being sold strictly AS-IS with Temporary Certificate of Occupancy (Temp CO) required for title transfer. Property is currently tenant-occupied with a month-to-month tenancy in place. Home will be delivered occupied at closing.This is a prime opportunity for those looking to add to their investment portfolio or renovate to their liking. Cash or strong conventional financing preferred. Please note: the listing brokerage is a subsidiary of the seller.

Getting Around

74
WalkingVery Walkable
54
TransitGood Transit
42
BikeSomewhat Bikeable

Schools

6/10
1/10
West Side High SchoolGrades 9-121.5 mi
1/10
Central High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1922

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: See Remarks,Water Heater (See Remarks)

Basement

  • Has basement: Yes
  • Basement: Yes,Full

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Fireplace features: See Remarks
  • Fireplace: Yes

Heating

  • Heating features: 1 Unit,Natural Gas

Kitchen

  • Features: See Remarks
  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: 1614041070000000210000
  • Exclusions: Tenant Items

Lot

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

Parking

  • Parking features: See Remarks,On-Street Parking
  • 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 $1,896$22,752
Home Insurance *$203$2,436
Property Taxes $656$7,872
Electricity $193$2,318
Total$2,948$35,376
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,074/yr
40% on housing$88,440/yr
45% on housing$78,613/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 07106$253
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07106$221
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
2026-04-01Listed for sale$374,999
2025-09-19Listing removed$399,999
2025-08-05Listed for sale$399,999
2025-07-26Listing removed$399,999
2025-07-07Price change$399,999
2025-05-21Listed for sale$414,999
2013-11-13Listing removed$129,000
2013-09-20Listed for sale$129,000
2013-05-13Listing removed$139,000
2013-02-19Listed for sale$139,000
2010-08-09Sold$36,000
2005-09-16Sold$255,000
2002-05-06Sold$59,448
1999-09-02Sold$108,000

For Sale by Agent

AgentMichael Mcenerney
BrokerageCapc Brokerage Llc

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