This is a wealth building opportunity to own a home through the Essex community Land Trust (ECLT) that may seem to good to be true, but is actually for real. This is more than a home, it's a pathway to stability and homeOwnership. What allows this home to be as affordable as it is, is a 99-year ground lease with an affordability clause that is applied to the land itself to ensure long-term affordability and stability of the property. This charming home is nestled into the quiet corner of Bloomfield, just steps away from Watsessing Park offering the best of both worlds - convenience and an escape from the hustle and bustle. Located on a tree-lined street with nearby cafes, green space, walking paths, and recreational space in a highly walkable neighborhood. You're just a short distance to downtown Bloomfield, with easy access to NJ Transit and a commute to NYC of 30-40 minutes.Low-to-moderate income individuals eligible to purchase earns a total household income of $72,950-$109,942 annually with a 640+ credit score. To further qualify, prospective buyers must attend/register for an 8-hour hud certified class taking place on Saturday April 18, 2026, STARTING at 9 am at the Timberlake Charles Community Empowerment Center, 520 Main St. Suite 1B, East Orange, NJ 07018 (entrance on Prospect St.), go through the ECLT intake process, and be able to qualify for a community land trust mortgage to purchase the home itself.
158 days
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Zillow last checked:
Listing updated:
Listed by:
Alexa Mcneil973-744-2118,
S.T. Allen Realty Co.
Source: GSMLS,MLS#: 4015266
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Primary bedroom
Description: 1st Floor
Bedroom 1
Level: First
Bedroom 2
Level: First
Primary bathroom
Features: Tub Shower
Kitchen
Features: Breakfast Bar
Level: First
Living room
Level: First
Basement
Features: Den, Laundry Room, Walkout
Heating
1 Unit, Natural Gas
Cooling
Ceiling Fan(s), Window Unit(s)
Appliances
Included: Carbon Monoxide Detector, Dryer, Microwave, Range/Oven-Gas, Refrigerator, Washer, Gas Water Heater
Laundry: In Basement
Features
Flooring: Tile, Wood
Windows: Thermal Windows/Doors
Basement: Yes,Finished,Full,Walk-Out Access
Has fireplace: No
Interior area
Total structure area: 810
Total interior livable area: 810 sqft
Property
Parking
Total spaces: 3
Parking features: 2 Car Width, Crushed Stone, None