Essex County  »  07114  »  Sherman Ave  »  242-256 Sherman Ave

242-256 Sherman Avenue, Newark, NJ 07114 - Property report

Also known as: 242-256 Sherman Ave

Property image for 242-256 Sherman Avenue, Newark, NJ 07114
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Property type

Apartment-Other (029)

Acreage

0.376

Sale price

$10

General information

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Address
Primary address
242-256 Sherman Avenue
ZIP code
07114
County
Essex
Block
2767
Lot
17
Neighborhood
South Broad Valley
Municipality
714
Parcel ID
2767-17

Owner

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Sales
Sale date
05/27/2003
Sale price
$10
Arm's length
Tax
Tax year
2026
Current property tax
$9,518
Building
Property type
Apartment-Other (029)
Exterior structural material
Lot
Acreage
0.376
Zoning & Use
Zoning

Area overview

Walk score
65 /100.  Somewhat Walkable
Transit score
65 /100.  Good Transit
Bike score
54 /100.  Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 242-256 Sherman Avenue, Newark, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 242-256 Sherman Avenue, Newark, NJ 07114

Sale date Sale price Buyer name Seller name
05/27/2003 $10 XXXXXXX XX. XXX XXXXXXXX, XXXXXXX
09/25/2002 $262,500

*Most recent sales on record for this property.

More about Essex County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
10/05/2004 - R
05/27/2003 - D
Deed and Realty Tax Fees XXXXXXXX, XXXXXXX XXXXXXX XX. XXX
09/25/2002 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 242-256 Sherman Avenue, Newark, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026
Property tax
$9,518
Recent tax assessments
Market value
$238,000
Land value
$188,000
Building value
$50,000

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $238,000 $238,000 3.999 $9,518 +5.15%
2024 $238,000 $238,000 3.803 $9,051 +2.01%
2023 $238,000 $238,000 3.728 $8,873 -0.21%
2022 $238,000 $238,000 3.736 $8,892 +0.05%
2021 $238,000 $238,000 3.734 $8,887 -1.74%
2020 $238,000 $238,000 3.8 $9,044 +1.04%
2019 $238,000 $238,000 3.761 $8,951 +1.84%
2018 $238,000 $238,000 3.693 $8,789 +3.74%
2017 $238,000 $238,000 3.56 $8,473 +3.49%
2016 $238,000 $238,000 3.44 $8,187 +3.96%

Permit information for 242-256 Sherman Avenue, Newark, NJ

No recently recorded permits for this property.

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

Access the detailed traffic volume map for 242-256 Sherman Avenue, Newark, NJ 07114 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance (miles)
Belmont-Runyon Elementary School 1 Public PK, K-8 539 0.54
Belmont-Runyon Elementary School 1 Public PK, K-8 539 0.54
United Academy NR Private PK, K-8 0 0.55
United Academy NR Private PK, K-8 0 0.55
Miller Street Elementary School NR Public PK, K-8 499 0.60
Miller Street Elementary School NR Public PK, K-8 499 0.60
Louise A. Spencer Elementary School 5 Public PK, K-8 755 0.60
Louise A. Spencer Elementary School 5 Public PK, K-8 755 0.60
Link Community Charter School 6 Charter K-1, 5-8 339 0.76
B.R.I.C.K. Peshine Academy 2 Public PK, K-8 503 0.78
Nearest middle schools

Name Rating Type Grade range No of students Distance (miles)
Belmont-Runyon Elementary School 1 Public PK, K-8 539 0.54
United Academy NR Private PK, K-8 0 0.55
Miller Street Elementary School NR Public PK, K-8 499 0.60
Louise A. Spencer Elementary School 5 Public PK, K-8 755 0.60
Link Community Charter School 6 Charter K-1, 5-8 339 0.76
B.R.I.C.K. Peshine Academy 2 Public PK, K-8 503 0.78
Achieve Community Charter School 4 Charter K-8 450 0.84
Avon Avenue School 2 Public PK, K-8 563 0.92
Quitman Street School 1 Public PK, K-8 710 1.04
South Street Elementary School 4 Public PK, K-8 864 1.08
Nearest high schools

Name Rating Type Grade range No of students Distance (miles)
Malcolm X Shabazz High School 2 Public 9-12 272 0.30
Newark Innovation Academy NR Public 9-12 23 0.86
Central High School 1 Public 9-12 894 0.99
American History High School 1 Public 9-12 373 1.02
Newark Leadership Academy NR Public 9-12 0 1.18
Newark Vocational High School 1 Public 9-12 583 1.22
University High School 5 Public 7-12 426 1.22
St. James Preparatory School NR Private 8-12 0 1.27
Arts High School 3 Public 9-12 593 1.33
Bard Early College High School 4 Public 9-12 381 1.36

Data provided by GreatSchools.org © 2026. All rights reserved.

Frequently asked questions

When was 242-256 Sherman Avenue, Newark, NJ 07114 last sold and what was the sale price?

242-256 Sherman Avenue, Newark, NJ 07114 was last sold on 05/27/2003 for $10.

What is the assessed value of 242-256 Sherman Avenue, Newark, NJ 07114?

242-256 Sherman Avenue, Newark, NJ 07114 is currently assessed at $238,000.

What are the property taxes for 242-256 Sherman Avenue, Newark, NJ 07114?

The property taxes for 242-256 Sherman Avenue, Newark, NJ 07114 total $9,517.

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