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229 Ballantine Pkwy, Newark, NJ, 07104

15beds
8baths
15,000sqft
$2,000,000
$133price/sqft
$16,579/moest. monthly cost
$663,160/yrincome needed

About This Home

Step into timeless elegance with this extraordinary historic estate in Newark?s prestigious Forest Hill neighborhood. Set on the largest lot in the area, this remarkable home features stunning original architectural details, soaring ceilings, a walk-up attic, and a charming carriage house. With 26 rooms including 15 bedrooms, 5 full baths, and 3 half baths, it offers a perfect balance of historic charm and modern comfort, including a spacious living room, family room, formal dining room, breathtaking ballroom, year-round porch, full-size kitchen, and convenient laundry room. The second level includes 8 bedrooms with 3 Jack-and-Jill baths and an additional full bath. The original carriage house offers a basement and space for 3 cars, with potential to transform into a private apartment, studio, or guest suite. Within walking distance to transportation, and close to restaurants, schools, and Branch Brook Park, this home offers exceptional potential as a bed-and-breakfast, Airbnb, or creative use. Expansive grounds provide endless possibilities for entertaining, relaxing, or creating your own private oasis. This estate is a rare opportunity to own a piece of Newark?s storied legacy.

Getting Around

64
WalkingSomewhat Walkable
70
TransitExcellent Transit
40
BikeSomewhat Bikeable

Schools

7/10
8/10
Technology High SchoolGrades 9-120.9 mi
1/10
Barringer High SchoolGrades 9-121.1 mi

Construction

Materials

  • Roof: Flat,Slate
  • Construction materials: Brick,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Custom Home,Carriage House
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dishwasher,Dryer,Range/Oven-Gas,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 8
  • Full bathrooms: 7
  • 1/2 bathrooms: 1

Features

  • Number of fireplaces: 8
  • Fireplace features: Bedroom 5+
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 1 Unit,Natural Gas
  • Cooling features: Ceiling Fan(s),Wall Unit(s),Window Unit(s)

Interior Area

  • Total structure area: 15,000
  • Total interior livable area: 15,000 sqft

Kitchen

  • Features: Eat-in Kitchen,Pantry,Second Kitchen,Separate Dining Area

Property

Details

  • Parcel number: 1614006860000000290000

Features

  • Patio & porch: Patio

Lot

  • Lot size: 0.44 Acres
  • Lot size dimensions: 100 x 190

Parking

  • Total spaces: 7
  • Parking features: 1 Car Width,Asphalt,Parking Lot-Exclusive,See Remarks,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Uncovered spaces: 7

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 WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold 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 $10,113$121,356
Home Insurance *$1,313$15,756
Property Taxes $3,500$42,000
Electricity $1,653$19,842
Total$16,579$198,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$568,422/yr
40% on housing$497,370/yr
45% on housing$442,106/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

$133This listing

vs Other Active Listings

Avg $/sqft

ZIP 07104$317
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07104$299
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
2025-11-19Listed for sale$2,000,000
2025-10-14Listing removed$2,000,000
2025-10-06Price change$2,000,000
2025-08-14Price change$2,200,000
2025-07-08Listed for sale$2,400,000
2025-06-01Listing removed$2,400,000
2024-12-07Listed for sale$2,400,000

For Sale by Agent

AgentHajira Yafai
BrokerageColdwell Banker Realty

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