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385 Fairmount Ave, Newark, NJ, 07103

3beds
2baths
--sqft
$353,000
--price/sqft
$2,843/moest. monthly cost
$113,720/yrincome needed

About This Home

Modern townhouse living meets the convenience and excitement of one of Newark's most connected neighborhoods. With newer kitchen, bathrooms and appliances, this beautifully maintained home offers the perfect combination of comfort, style, and accessibility, making it an outstanding opportunity for homeowners and commuters alike. Minutes from New Jersey Performing Arts Center (NJPAC), Newark Museum of Art, and Prudential Center. Commuters will appreciate the exceptional transportation options with quick access to Interstate 280, the Garden State Parkway, Route 21, Route 78, the New Jersey Turnpike, and Route 1 & 9, providing an easy commute throughout Northern New Jersey and into New York City. Multiple NJ TRANSIT bus routes serve the neighborhood, while the Newark Light Rail, Newark Broad Street Station, and Newark Penn Station provide convenient access to NJ TRANSIT rail service, PATH trains to Manhattan, Amtrak, and Newark Liberty International Airport. Nearby parks, local restaurants, neighborhood conveniences, schools, universities, and medical centers, including Rutgers University-Newark, NJIT, and University Hospital. Whether you're looking for an easy commute, vibrant city amenities, or a place to enjoy everything Newark has to offer, this location delivers exceptional value and unmatched convenience.

Getting Around

84
WalkingVery Walkable
62
TransitGood Transit
61
BikeBikeable

Schools

2/10
1/10
Central High SchoolGrades 9-120.3 mi
1/10
West Side High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1989

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dishwasher,Microwave,Range/Oven-Electric,Refrigerator,Washer/Dryer Stacked,Electric Water Heater

Basement

  • Basement: None

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Flooring: Carpet,Laminate,Wood
  • Common walls with other units/homes: 2+ Common Walls,Townhouse-Interior

Heating

  • Heating features: Forced Air,Electric

Kitchen

  • Features: Eat-in Kitchen
  • Level: First

Living Room

  • Level: First

Master Bathroom

  • Features: Tub Shower

Property

Details

  • Parcel number: 1614002990000000010000C1803
  • Attached to another structure: Yes
  • Zoning description: Residential
  • Exclusions: Personal Property

Features

  • Levels: Multi Floor Unit
  • Exterior features: Curbs,Sidewalk

Lot

  • Lot size: 1.52 Acres
  • Features: Level
  • Lot size dimensions: 66252 SF

Parking

  • Total spaces: 1
  • Parking features: 1 Car Width,Asphalt,Shared Driveway,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

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
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
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 $1,784$21,408
Home Insurance *$249$2,988
Property Taxes $617$7,404
Electricity $193$2,318
Total$2,843$34,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$97,474/yr
40% on housing$85,290/yr
45% on housing$75,813/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 07103$278
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
2026-08-07Price change$350,000
2026-07-28Listed for sale$353,000

For Sale by Agent

AgentMegan Scarborough
BrokerageRe/Max First Realty Ii

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