NOT LISTED FOR SALE

59 W Hazelwood Ave Rahway, NJ 07065

Estimated Value: $696,000 - $737,000

-- Bed
-- Bath
2,974 Sq Ft
$241/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $675,000 $227 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,167/month

40 Days on Market

Highlights

  • Deck
  • Private Yard
  • Hot Water Heating System
  • Property is near public transit
  • 2 Car Detached Garage
  • Utility Room

About This Home

As of March 2024

Welcome to this captivating and well-maintained 3-family residence situated on a picturesque sycamore lined street in the heart of Rahway, NJ. Boasting a prime location within a short distance to the New York City train and downtown restaurants, this property offers an exceptional opportunity for savvy investors and homebuyers looking for a profitable and convenient living experience. Fantastic Rental History: This multi-family gem comes with a track record of long-term tenants who have taken great care of their living spaces, providing you with a steady and reliable income stream from day one. The rental history is a testament to the property's appeal and desirability, making it an ideal investment in the competitive rental market. 3 unit building (3bdrms,2 bdrms, 1 bdrm)Timeless Elegance: The moment you step inside, you will be captivated by the classic charm and elegance of this residence. The stunning spiral mahogany staircase serves as a centerpiece.Individual Heating Systems: One of the notable features of this property is the presence of three separate heating systems.Abundant Parking: With parking space for up to 6 cars..Awe-Inspiring Skylights infusing the living spaces with natural brightness, creating a warm and inviting atmosphere. Convenient Amenities: The property boasts laundry facilities, making daily chores a breeze for the tenants. Extra half bath in the basement adds a thoughtful touch of convenience to the occupants' daily routines. short

Last Listed By

Bruce Parker

BEST REALTY Listed on: 11/05/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,756

Year Built

  • Built in 1870

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 200.00 x 58.00
  • Private Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,974 Sq Ft Home
  • 3-Story Property
  • Utility Room

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • 1 Separate Electric Meter
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric gas), unit 2 owner pays(see remarks), unit 3 owner pays(see remarks), unit 4 owner pays(see remarks)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,756

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2663
  • Lot Size: 200.00 x 58.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1870
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Electric,Gas), Unit 2 Owner Pays(See Remarks), Unit 3 Owner Pays(See Remarks), Unit 4 Owner Pays(See Remarks)
  • Has Basement: Full, Storage Space, Utility Room
  • Interior Amenities: Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 4(1 Bedroom,Kitchen,1 Bath,Living Room)
  • Living Area: 2974
  • Stories: 3

Exterior Features

  • Lot Features: Near Shopping, Near Train, Near Public Transit
  • Exterior Features: Deck, Yard
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Detached

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Radiators-Hot Water, Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 11600

Rental Info

  • Lease Term: Unit 1(Month-Month)

Tax Info

  • Tax Annual Amount: 13756
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2023
Closed on
Feb 14, 2024
Sold by
Ok Properties
Bought by
Villafuerte Yenny
Seller's Agent
Bruce Parker
BEST REALTY
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%
Total Days on Market
40
Views
29
Current Estimated Value
$715,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,863
Avg. Annual Appreciation
5.24%
Original Mortgage
$506,250
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2000
Sold by
Bankers Trust Company Of California Na
Bought by
Odato Peter T

Purchase Details

Closed on
Jul 10, 2000
Sold by
Rowley Daniel
Bought by
Delta Funding Home Equity Loan Tr 1996-2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Villafuerte Yenny $675,000 Westcor Land Title
Ok Properties -- Trident Abstract Title
Odato Peter T $148,000 --
Delta Funding Home Equity Loan Tr 1996-2 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villafuerte Yenny $506,250
Previous Owner Odato Peter T $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $675,000 -3.4% $227 / Sq Ft
11/05/2023 11/05/23 For Sale $699,000 -- $235 / Sq Ft
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,050 $195,900 $57,700 $138,200
2023 $14,050 $195,900 $57,700 $138,200
2022 $13,756 $195,900 $57,700 $138,200
2021 $13,617 $195,900 $57,700 $138,200
2020 $13,566 $195,900 $57,700 $138,200
2019 $13,394 $195,900 $57,700 $138,200
2018 $13,112 $195,900 $57,700 $138,200
2017 $12,788 $195,900 $57,700 $138,200
2016 $12,516 $195,900 $57,700 $138,200
2015 $12,375 $195,900 $57,700 $138,200
2014 $12,154 $195,900 $57,700 $138,200
Source: Public Records

Agents Affiliated with this Home

  • Bruce Parker

    Seller's Agent in 2024

    Bruce Parker

    RE/MAX

    (908) 755-0200

    2 in this area

    180 Total Sales

    Bruce Parker
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Map

Source: All Jersey MLS

MLS Number: 2405177R

All Jersey MLS

APN: 13-00084-0000-00025

New Jersey Union County Rahway 07065

59 W Hazelwood Ave, Rahway, NJ

Homes for Sale in Rahway, NJ

This home is located at 59 W Hazelwood Ave, Rahway, NJ 07065 since 05 November 2023 and is currently estimated at $715,863, approximately $240 per square foot. This property was built in 1870. 59 W Hazelwood Ave is a home located in Union County with nearby schools including Rahway High School.

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