by RHP Realty

See Home Value
$999,000
● House - Off Market

198 Ratzer

Wayne, NJ 07470
bedrooms
8 Beds
bathrooms
5 Baths, 1 Half Bath
$6,865
Est. Monthly
11.08%
Cap Rate

About This Property

As you step inside the 5,400 sq ft home, you are greeted by the impressive grand two-story foyer that features a double bridal staircase. The heart of the home is the gourmet eat-in kitchen, equipped with stainless steel appliances and an abundance of space for your culinary needs. Adjacent to the kitchen is a sitting room offering access to the backyard. The dining room, strategically situated directly across from the kitchen, facilitates effortless hosting. The main level also encompasses a living room, two bedrooms, two full bathrooms, and a half bathroom. Ascending to the upper level, you will discover four additional bedrooms, including the expansive primary suite. This retreat boasts a sitting area, spacious sleeping quarter, a private deck for peaceful outdoor relaxation, a large walk-in closet, and an opulent primary bathroom. An additional family room on this floor provides a versatile space for relaxation and entertainment. Private, fully fenced backyard oasis.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (NJMLS #24008125)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Sold
Apr 18, 2025 In contract -
In contract
Mar 22, 2025 Price Increased $1,398,000
↑ $1M (300.7%)
Price Increased
Mar 19, 2024 Listed by Coldwell Banker, Fort Lee $348,888
Listed by Coldwell Banker, Fort Lee
Lot 198R is positioned directly behind the main residence. This approximately .30-acre lot hosts a 1,536 sq ft home, presenting a fantastic opportunity for a rental property or additional living space, enhancing the value and appeal of this exceptional property.***ONLY BEING SOLD IN CONJUNCTION WITH MAIN RESIDENCE AT 198 RATZER RD.***

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 30,318
  • Total Building Area: 5,456
  • Building Area: 5,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000696
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wayne Township School District
  • Census Tract: 246202

Geography

  • District: 14
  • Parcel: 14 01602-0000-00014
  • Block: 1602
  • Lot: 14
  • Municipality: WAYNE TWP
  • Latitude: 40.9468
  • Longitude: -74.2694

    Address

  • Full Address: 198 Ratzer Rd
  • Address - House Number: 198
  • Address - Street Name: Ratzer
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Wayne
  • Carrier Code: C030
  • 4-Digit Zip Code: 5441
  • Zip Code: 07470

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $2,474,389

    Appraisal Valuation

  • Standard Deviation: 0.1854
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 992,329
  • High Value: 1,176,309
  • Low Value: 808,350

    Market Valuation

  • Market Total Value: $438,100
  • Market Land Value: $107,800
  • Market Improvement Value: $330,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $438,100
  • Assessed Land Value: $107,800
  • Assessed Improvements Value: $330,300

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: May 06, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 24930
  • Previous Sale Recording Date: Feb 03, 2005
  • Previous Sale Contract Date: Jan 20, 2005
  • Previous Sale Amount: $687,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Passaic


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 53 Newark Pompton Tpke, Wayne Twp., 07470-6607

$2,650 /mo

  • 4 Beds
  • 1 Bath
53 Newark Pompton Tpke #3C, Wayne Twp., 07470-6607 Listing by THOMAS MAGGIO


Frequently Asked Questions

When was property at 198 Ratzer Road built and last sold?
The property at 198 Ratzer Road was built in 1952 and last sold on Apr 7, 2022 for $1,475,000.
How much is this home worth?
The estimated value of the home located at 198 Ratzer Road is $1,614,877.
What are some comparable homes to 198 Ratzer Road?
There are currently no comparable homes to 198 Ratzer Road.