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Passaic 07470
21 Rose Terrace
$581,000
● House - Off Market

21 Rose Terrace

Wayne, NJ 07470
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$624,360
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

A Valley Section GEM that can't be missed! Fantastic split offering 3 levels of living space.  The first floor offers great entertaining flow from living room to dining room to the wide open kitchen.  The second floor has 3 bedrooms, including a master with a full bath.  On the ground floor you have a large family room with a gas fireplace, garage access,  powder room & laundry.  The finished basement offers a summer kitchen and large office with closets.  The SGD from the dining room leads to the perfect yard for entertaining.  Complete with large deck with lounge area and separate space for a dining table overlooking the inground pool.  Spend summer nights hanging out in the she-shed after a day of swimming! Home is complete with 1 car garage and a large driveway with parking for 4 cars!
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,110
HOA Dues
-
Year Built
1956

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: 3 years ago (MOMLS #22119992)

Price History

Date / Event Date Event Price
Sep 24, 2021 Sold
Premium
Sold
Jun 21, 2021 Listed by Howard Hanna Rand Realty-Wayne $550,000
Listed by Howard Hanna Rand Realty-Wayne

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 14,680
  • Total Building Area: 1,724
  • Building Area: 1,724
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,724
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000337
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wayne Township School District
  • Census Tract: 246103

Geography

  • District: 14
  • Parcel: 14 02202-0000-00020
  • Block: 2202
  • Lot: 20
  • Municipality: WAYNE TWP
  • Latitude: 40.9428
  • Longitude: -74.2294

    Address

  • Full Address: 21 Rose Ter
  • Address - House Number: 21
  • Address - Street Name: Rose
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Wayne
  • Carrier Code: C038
  • 4-Digit Zip Code: 3428
  • Zip Code: 07470

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,338,866

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 74
  • Final Value: 631,828
  • High Value: 753,163
  • Low Value: 510,493

    Market Valuation

  • Market Total Value: $236,800
  • Market Land Value: $120,300
  • Market Improvement Value: $116,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $236,800
  • Assessed Land Value: $120,300
  • Assessed Improvements Value: $116,500

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021074261
  • Previous Sale Recording Date: Aug 29, 2012
  • Previous Sale Contract Date: Jul 20, 2012
  • Previous Sale Amount: $416,000
  • 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:

$592,000

Sale Price/ft²

$315

Below Asking

0.01%

Average Days on Market

69

Average Home Size

807 ft²

Average Home Age

30 years

Currently For Sale

960 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

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MOMMLS

Listed by: Gary K Kraft, Howard Hanna Rand Realty-Wayne
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22119992
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 21 Rose Terrace built and last sold?
The property at 21 Rose Terrace was built in 1956 and last sold on Aug 26, 2021 for $581,000.
How much is this home worth?
The estimated value of the home located at 21 Rose Terrace is $0.
What are some comparable homes to 21 Rose Terrace?
There are currently no comparable homes to 21 Rose Terrace.
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