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283 King Blvd, Newark, NJ, 07102

8beds
3baths
--sqft
$700,000
--price/sqft
$5,197/moest. monthly cost
$207,880/yrincome needed

About This Home

STUNNING! A once-in-a-lifetime opportunity to own a piece of Newark history. This extraordinary fully renovated home offers 8 bedrooms, 3 bathrooms, and a perfect blend of historic charm and modern luxury. Every detail has been thoughtfully updated from top to bottom, creating a true masterpiece of a residence. Spacious, elegant, and completely move-in ready, 283 MLK is a rare opportunity to own one of Newark's most unique homes. Come turn this house into a home before someone else does!

Getting Around

25
WalkingCar-Dependent
32
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

7/10
Wilson Elementary SchoolGrades K-50.8 mi
7/10
6/10

Construction

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3
  • Full bathrooms: 3

Heating & Cooling

  • Heating features: Forced Air,Other
  • Cooling features: Central Air

Property

Features

  • Pool features: None
  • Has view: Yes
  • View description: None
  • Waterfront features: None

Lot

  • Features: Regular

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

  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
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 $3,539$42,468
Home Insurance *$240$2,880
Property Taxes $1,225$14,700
Electricity $193$2,318
Total$5,197$62,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$178,182/yr
40% on housing$155,910/yr
45% on housing$138,586/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 07102$305
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07102$295
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
2026-07-30Listed for sale$700,000

For Sale by Agent

AgentBrendan Dasilva
BrokerageKeller Williams Realty - NJ Metro Group

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