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Passaic 07470
1458 Ratzer Road
$338,000
● House - Off Market

1458 Ratzer Road

Wayne, NJ 07470
bedrooms
3 Beds
bathrooms
2 Baths
$497,483
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Great home on 1/2 acre lot with open floor plan.  The first floor has an inviting living room/dining room, as well as a large recently updated eat in kitchen, one bedroom and one full bath.  Two more bedrooms and another full bath are on the second floor.  Washer/dryer hookups are in basement as well as on first and second floors!  Brand new town verified three bedroom septic system, public water. Oversized two car detached garage has 8ft doors and loft storage and electric service, perfect for contractor or hobby enthusiast. Large open yard to enjoy all of your summer activities!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$744
HOA Dues
-
Year Built
1928

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MOMLS #21906627)

Price History

Date / Event Date Event Price
Jul 8, 2019 Sold
Premium
Sold
Feb 18, 2019 Listed by Howard Hanna Rand Realty-Wayne $339,000
Listed by Howard Hanna Rand Realty-Wayne

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 1,255
  • Building Area: 1,255
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,255
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wayne Township School District
  • Census Tract: 246101

Geography

  • District: 14
  • Parcel: 14 02104-0000-00078
  • Block: 2104
  • Lot: 78
  • Municipality: WAYNE TWP
  • Latitude: 40.9469
  • Longitude: -74.2157

    Address

  • Full Address: 1458 Ratzer Rd
  • Address - House Number: 1458
  • Address - Street Name: Ratzer
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Wayne
  • Carrier Code: C022
  • 4-Digit Zip Code: 2430
  • Zip Code: 07470

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $923,297

    Appraisal Valuation

  • Standard Deviation: 0.1946
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 517,553
  • High Value: 618,296
  • Low Value: 416,811

    Market Valuation

  • Market Total Value: $163,300
  • Market Land Value: $108,800
  • Market Improvement Value: $54,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $163,300
  • Assessed Land Value: $108,800
  • Assessed Improvements Value: $54,500

    Sales

  • Current Sale Contract Date: Jul 05, 2019
  • Current Sale Recording Date: Jul 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019030074
  • Previous Sale Recording Date: Feb 13, 2018
  • Previous Sale Contract Date: Feb 12, 2018
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Passaic

Stats & Trends

Median Asking:

$592,988

Sale Price/ft²

$315

Below Asking

0.01%

Average Days on Market

69

Average Home Size

810 ft²

Average Home Age

29.8 years

Currently For Sale

956 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MOMMLS

Listed by: Gary K Kraft, Howard Hanna Rand Realty-Wayne
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21906627
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1458 Ratzer Road built and last sold?
The property at 1458 Ratzer Road was built in 1928 and last sold on Jul 5, 2019 for $335,500.
How much is this home worth?
The estimated value of the home located at 1458 Ratzer Road is $0.
What are some comparable homes to 1458 Ratzer Road?
There are currently no comparable homes to 1458 Ratzer Road.
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