Closed$659,000
TLC ≈ $5,845/mo
3 3 1,602 sqft
314 Carteret Terrace, Orange, NJ 07050
32 Palm Street, Newark, NJ 07106
$649,000
5 beds 4 baths 2,600 sqft0 days on marketActive
About this home
$10, 000 SELLER CONCESSION TOWARD BUYER'S CLOSING COSTS! ?? (Subject to lender approval.) Take advantage of this opportunity to reduce your out-of-pocket expenses and make homeownership more affordable! Welcome to 32 Palm Street, a beautifully reimagined and fully renovated 5-bedroom, 4-bathroom home near the desirable South Orange border. This complete top-to-bottom renovation showcases exceptional craftsmanship, modern design, and thoughtful upgrades throughout. The designer kitchen features an oversized farmhouse sink with a built-in wood chopping block accessory, a spacious center island for meal prep and casual dining, and a sleek built-in microwave. The open-concept layout is ideal for entertaining and everyday living. Smart home features include a NEST Smart Thermostat for remote climate control and a high-efficiency HVAC system for year-round comfort. The finished basement adds valuable flexible space with a brand-new full bathroom, washer/dryer hookups, and private access from both the side of the home and the backyard. Use it as a gym, recreation room, guest space, office, or storage area. With spacious living areas, modern finishes, abundant natural light, and a convenient location near shopping, restaurants, hospitals, public transportation, and NYC commuting options, this move-in-ready home offers an exceptional opportunity. Schedule your private tour today!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$5,857/mo
- Real estate (PITI + HOA + PMI)
- $5,520
- Utilities
- $615
- Transportation
- $169
- Other (entertainment)
- $157
Principal + interest$4,181
Property tax + insurance$1,096
PMI / 2nd mortgage$243
Heating + cooling$146
Internet + TV + phone$157
Water + sewer + garbage$58
Car insurance + maintenance$169
Budget$6,357/mo
Remaining after TLC$500/mo
Purchase price
$649,000
Down payment
$32,450 (5%)
Loan amount
$616,550
APR
7.19%
Quick facts
Type
Single Family Residence
Style
Colonial
Year built
—
Lot size
0.07 ac
Stories
3
Heating
Forced Air, See Remarks
Cooling
Central Air, Zoned, See Remarks
Water
Public
HOA
—
Annual tax
$4,902
MLS #
2662306M
County
Essex
At a glance
Air conditioning
Basement
Dishwasher
Home features
Appliances
DishwasherGas Range/OvenMicrowaveRefrigeratorGas Water Heater
Interior
1 BedroomDenDining RoomKitchenLiving Room3 BedroomsBath FullBath HalfAdditional Bath
Exterior
DeckFencing/WallPatio
Parking
None
Patio & porch
DeckPatio
Kitchen
Kitchen Island
Dining
Formal Dining Room
Master bedroom
Full BathSitting Area
Flooring
Laminate, See Remarks
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Level
Neighborhood — 07106
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 31,383 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | -3.00% | 14.00% | 20.00% |
| Population Density | 22,361 | 1,137 | — |
| Male | 14,707 | 4,307,827 | 147,432,321 |
| Female | 16,676 | 4,525,010 | 151,655,844 |
| Never Married | 10,205 | 1,965,811 | 63,775,926 |
| Married | 7,978 | 3,647,435 | 123,120,365 |
| Separated | 2,465 | 391,239 | 12,639,686 |
| Widowed | 1,435 | 515,172 | 15,467,586 |
| Divorced | 1,569 | 529,393 | 23,075,029 |
| Number Of House Hold | 10,520 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.98 | 2.73 | 2.60 |
| Medial Age | 31.18 | 37.15 | 35.46 |
| Median House Hold Income | $38,624 | $63,392 | $48,276 |
| Average House Hold Income | $49,794 | $83,312 | $63,629 |
| P C I | $16,781 | $30,662 | $24,529 |
| M D I | $33,860 | $52,505 | $41,133 |
| A T H E | $43,536 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 87.73% | 81.02% | 77.74% |
(Zip) Code
7106
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 6/18/2026. Provided courtesy of EXP REALTY, LLC via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.