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713 Frelinghuysen Ave, Newark, NJ, 07114

--beds
--baths
--sqft
$639,000
--price/sqft
$4,970/moest. monthly cost
$198,800/yrincome needed

About This Home

713 Frelinghuysen Located in the heart of Newark's thriving development area, 713 Frelinghuysen Ave offers an exceptional opportunity to be part of a rapidly growing and dynamic community. This prime property benefits from proximity to major cultural and entertainment hubs, including the upcoming Great Point Studios and the NJ Performing Arts Center's exciting new partnership with Lionsgate. Together, they are developing a state-of-the-art 12-acre TV and film complex, positioning Newark as a premier destination for media production and creative industries. This "Coming Soon" development promises to bring increased economic growth, job opportunities, and heightened visibility to the area, making 713 Frelinghuysen Ave a strategic investment for anyone looking to capitalize on Newark's evolving landscape. This is your chance to be part of this vibrant transformation!

Getting Around

48
WalkingCar-Dependent
44
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

3/10
1/10
Weequahic High SchoolGrades 9-121.4 mi
1/10

Construction

Materials

  • Roof: Flat

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

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
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Earthquake
Inland Flooding
Strong Wind
Tornado
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 $3,231$38,772
Home Insurance *$428$5,136
Property Taxes $1,118$13,416
Electricity $193$2,318
Total$4,970$59,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$170,400/yr
40% on housing$149,100/yr
45% on housing$132,533/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 07114$185
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07114$477
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
2025-06-22Listed for sale$600,000

For Sale by Agent

AgentAlbert Marmol
BrokerageCentury 21 Cedarcrest Realty, Inc.

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