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Fanwood 07023
20 Tower Place
$432,000
● House - Off Market

20 Tower Place

Fanwood, NJ 07023
bedrooms
4 Beds
bathrooms
2 Baths
$612,703
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Welcome home to this beautiful, spacious, spit level in a great Fanwood location. This home features a formal living room with hardwood floors, gleaming picture window and crown molding. The dining room is open to a recently updated kitchen with beautiful wood cabinets, granite counters, stainless steel appliances, recessed lighting and wood floors. There are sliding doors that lead to an amazing patio & garden.   2nd floor has 3 spacious bedrooms including a great master bedroom with two closets & access to the full bath. There is a 4th bedroom on the 3rd floor that has extra storage. The office/family room on the ground floor has a laundry area & a beautiful full bath. The basement/recreation room is beautifully tiled and has great storage. All this and close to town, train, schools. Current tax reassessment,
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,102
HOA Dues
-
Year Built
1957

Payment Calculator

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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: 4 years ago (CJMLS #2008007)

Price History

Date / Event Date Event Price
Jun 2, 2020 Sold
Premium
Sold
Nov 16, 2019 Listed by COLDWELL BANKER WESTFIELD WEST $437,000
Listed by COLDWELL BANKER WESTFIELD WEST

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,173
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Scotch Plains-Fanwood Regional School District
  • Census Tract: 038701

Geography

  • Account Number: 00043700
  • District: 05
  • Parcel: 05 00026-0000-00069
  • Block: 26
  • Lot: 69
  • Municipality: FANWOOD BORO
  • Latitude: 40.6401
  • Longitude: -74.3976

    Address

  • Full Address: 20 Tower Pl
  • Address - House Number: 20
  • Address - Street Name: Tower
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Fanwood
  • Carrier Code: C002
  • 4-Digit Zip Code: 1023
  • Zip Code: 07023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,119,114

    Appraisal Valuation

  • Standard Deviation: 0.2256
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 636,629
  • High Value: 780,292
  • Low Value: 492,966

    Market Valuation

  • Market Total Value: $393,500
  • Market Land Value: $177,000
  • Market Improvement Value: $216,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $393,500
  • Assessed Land Value: $177,000
  • Assessed Improvements Value: $216,500

    Sales

  • Current Sale Contract Date: Jun 01, 2020
  • Current Sale Recording Date: Jun 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 324978
  • Previous Sale Recording Date: Jul 02, 2004
  • Previous Sale Contract Date: Jun 25, 2004
  • Previous Sale Amount: $330,000
  • 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 Fanwood

Stats & Trends

Median Asking:

$799,950

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

53

Average Home Size

801 ft²

Average Home Age

69.6 years

Currently For Sale

10 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

Unit for rent at 234 Terrill Rd, Plainfield City, 07062-1736

$2,500 /mo

  • 2 Beds
  • 1 Bath
234 Terrill Rd, Plainfield City, 07062-1736 Listing by DEBORAH CITARELLA
Unit for rent at 1815 Front St, Scotch Plains Twp., 07076-1102

$2,895 /mo

  • 1 Bed
  • 1 Bath
1815 Front St #216, Scotch Plains Twp., 07076-1102 Listing by AMBER LINSKY

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: PATRICIA PLANTE
COLDWELL BANKER WESTFIELD WEST
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2008007

Frequently Asked Questions

When was property at 20 Tower Place built and last sold?
The property at 20 Tower Place was built in 1957 and last sold on Jun 1, 2020 for $432,000.
How much is this home worth?
The estimated value of the home located at 20 Tower Place is $0.
What are some comparable homes to 20 Tower Place?
There are currently no comparable homes to 20 Tower Place.
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