BEDS2
BATHS1 full
SQUARE FEET810
MLS#4015266
STATUS
PROPERTY TYPEResidential - Single Family
Property Description
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. Those that are eligible to purchase earn $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 11, 2026, starting at 9 am at the Timberlake Charles 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 mortgage to purchase the home itself.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Full, Walkout
Cooling: Ceiling Fan, Window A/C(s)
Fuel Type: Gas-Natural
Garage: 3
Heating: 1 Unit
Home Style: Ranch
Lot Size: 0.08 Acres
Roof Type: Asphalt Shingle
Taxes: $6,356
Year Built: 1941
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Enclosed Porch(es)
Patio
Storage Shed
Thermal Windows/Doors
Feature Descriptions
Appliances: Carbon Monoxide Detector, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
Bath: Tub Shower
Driveway: 2 Car Width, Crushed Stone
Exterior: Vinyl Siding
Flooring: Tile, Wood
Lot: Corner
Lot Dimensions: 0.08 acre(s)
Outbuilding(s): Yes
Parking Notes: None
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: S.T. ALLEN REALTY CO.
Agency Contact: 973-744-2118
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 1,232.33 per month $621.24 Principal & Interest $529.67 Property Tax $81.42 Homeowner's InsuranceChange Payment Information
17 Carteret St | MLS# 4015266
This single family home located at 17 Carteret St, Bloomfield, NJ 07003 is currently listed for sale with an asking price of $279,140. This property was built in 1941 and has 2 bedrooms and 1 full baths with 810 sq. ft. Search Bloomfield real estate on www.realtymark.net today.