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Old 08-30-2009, 09:22 AM
 
86 posts, read 279,014 times
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I was raised in Newark in the 1950's to 1960's

Sadly parts of Newark have never recovered from the riots, just my opinion.

Some can point to the NJ-PAC etc. that Newark is finally turning the corner, but I was just in the Weequahic section and it did not seem to be an area on the rise, at least to me.

In any event, I believe down neck is pretty safe, not sure what the real estate is going for though.

Good luck
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Old 08-30-2009, 12:49 PM
 
1,014 posts, read 2,685,746 times
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Quote:
Originally Posted by block911 View Post
Anything decent is north of 200k, anything below is not worth the effort as it will be vanadalized or not in a safe area.
You think he'd have problems with vandals during renovation or after he's moved in?
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Old 08-30-2009, 06:14 PM
 
Location: Murphy, NC
3,223 posts, read 8,903,667 times
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Quote:
Originally Posted by amazinmets73 View Post
How much do you know about Newark? Ever lived or worked there? Do you know what areas zip codes i should avoid and what are the nicer ones?
07107 and 07104 are good (they make up north newark), I'd avoid the rest.
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Old 08-30-2009, 08:20 PM
 
835 posts, read 1,029,263 times
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Quote:
Originally Posted by gradstudent77 View Post
You think he'd have problems with vandals during renovation or after he's moved in?

Yes, look at the homes across from ferlinghusen by the DMV and on bergen st they were broken in so many times during construction that the windows are boarded up on the first floor. seems idiots throw rocks through the windows as well. stick near univ heights but you aren't going to get anything less than 200
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Old 08-31-2009, 12:54 PM
 
Location: Ridgewood NJ
592 posts, read 2,045,364 times
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newark is crap, Moderator cut: unprovoked , that alone should be enough.

i would just rent for now and save a bit more money for something reasonable in the journal square path area in jersey city, for around 150k you can get an ok condo there.

Why are you decide to pay all in cash and not take a mortgage given the current insane rate, is it because of past credit issues? You can look into fha or if you do a 50% downpayment many lenders will look pass the low credit.

Last edited by tahiti; 09-01-2009 at 08:30 AM..
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Old 08-31-2009, 01:08 PM
 
240 posts, read 544,949 times
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Garden State M.L.S.: Residential/Condo/CoopSTATUS: Active MLS#: 2698988County: Essex*TOWN: Newark City* (1614)AD: 326 BROADWAY* ZIP: 07104*LP: $85,000
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Old 08-31-2009, 04:34 PM
 
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Originally Posted by zasie View Post
Garden State M.L.S.: Residential/Condo/CoopSTATUS: Active MLS#: 2698988County: Essex*TOWN: Newark City* (1614)AD: 326 BROADWAY* ZIP: 07104*LP: $85,000
Better yet, 326 BROADWAY, Newark NJ 07104, MLS #2698988, Weichert.com (http://www.weichert.com/26563020/?cityid=36149&ptypeid=19,32&maxpr=100 - broken link)

^Btw, this is exactly the type of place I'd be buying if I still lived in the area, except I'd try to get a multi. Excellent, excellent bones.
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Old 08-31-2009, 04:53 PM
 
1,551 posts, read 4,292,875 times
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Sadly, most of the interesting architecture in Newark either has been destroyed or is in parts of town that you wouldn't want to live in (far from transport, dangerous, etc.). Harlem was much better positioned for a rebound in terms of architecture and location.

Only place in Newark I'd live is in the Ironbound neighborhood, but I don't think you'll get much for the amount of money you're talking about.
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Old 08-31-2009, 10:49 PM
 
Location: Halethorphe, MD
294 posts, read 456,279 times
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Quote:
Originally Posted by gradstudent77 View Post
Better yet, 326 BROADWAY, Newark NJ 07104, MLS #2698988, Weichert.com (http://www.weichert.com/26563020/?cityid=36149&ptypeid=19,32&maxpr=100 - broken link)

^Btw, this is exactly the type of place I'd be buying if I still lived in the area, except I'd try to get a multi. Excellent, excellent bones.
That's a mighty big house for one guy!
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Old 08-31-2009, 10:52 PM
 
Location: Halethorphe, MD
294 posts, read 456,279 times
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Quote:
Originally Posted by gagaliya View Post
newark is crap, and you will be in the same area as the village idiot block911, that alone should be enough.

i would just rent for now and save a bit more money for something reasonable in the journal square path area in jersey city, for around 150k you can get an ok condo there.

Why are you decide to pay all in cash and not take a mortgage given the current insane rate, is it because of past credit issues? You can look into fha or if you do a 50% downpayment many lenders will look pass the low credit.
I've been to Jersey City once before.. was not impressed.. downtown was nice but overall it was much more run down than Harlem and there were thugs hanging around everywhere...

Also, I'm not a big condo guy.. I like having my own house, own parking, own yard, ect... got used to all that in Des Moines. The reason I want to pay all cash is because I don't think I can get a loan because of tax issues, and to a lesser degree credit issues.
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