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Westfield 07090
224 Hazel Avenue
$574,000
● House - Off Market

224 Hazel Avenue

Westfield, NJ 07090
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$590,863
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

SHOWINGS BEGIN ON 10/20  Prime Westfield neighborhood- Classic Colonial 3BR, 1.5 bath home    with large, private backyard on one of town's loveliest streets.  This is the first time this property has come on the market, is priced to sell and just waiting for your modern updates or expansion ideas!
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$779
HOA Dues
-
Year Built
1956

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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 #2303811R)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Sep 21, 2022 Listed by KELLER WILLIAMS PREFERRED PROP $559,900
Listed by KELLER WILLIAMS PREFERRED PROP

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,120
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 510
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Westfield Town School District
  • Census Tract: 036700

Geography

  • Assessors Map Reference: TAX MAP 1956
  • District: 20
  • Parcel: 20 02813-0000-00005
  • Block: 2813
  • Lot: 5
  • Municipality: WESTFIELD TOWN
  • Latitude: 40.6413
  • Longitude: -74.3555

    Address

  • Full Address: 224 Hazel Ave
  • Address - House Number: 224
  • Address - Street Name: Hazel
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Westfield
  • Carrier Code: C064
  • 4-Digit Zip Code: 4143
  • Zip Code: 07090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,027,996

    Appraisal Valuation

  • Standard Deviation: 0.2154
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 698,665
  • High Value: 849,190
  • Low Value: 548,141

    Market Valuation

  • Market Total Value: $466,000
  • Market Land Value: $317,000
  • Market Improvement Value: $149,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466,000
  • Assessed Land Value: $317,000
  • Assessed Improvements Value: $149,000

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Jan 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 25753
  • Previous Sale Recording Date: Aug 14, 1993
  • Previous Sale Contract Date: Aug 14, 1993
  • 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 Westfield

Stats & Trends

Median Asking:

$1,150,000

Sale Price/ft²

$459

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1102 ft²

Average Home Age

52 years

Currently For Sale

42 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 2249 Evergreen Avenue, Scotch Plains, NJ, 07076

$2,850 /mo

  • 3 Beds
  • 1 Bath
2249 Evergreen Avenue, Scotch Plains, NJ, 07076 Listing by ROGER D. MEADOR
Unit for rent at 143 Elmer, Westfield, NJ, 07090

$3,200 /mo

  • 3 Beds
  • 1 Bath
143 Elmer, Westfield, NJ, 07090 Listing by Marilynn V. Scafidi

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: GINA CABOT
KELLER WILLIAMS PREFERRED PROP
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2303811R

Frequently Asked Questions

When was property at 224 Hazel Avenue built and last sold?
The property at 224 Hazel Avenue was built in 1956 and last sold on Nov 18, 2022 for $572,000.
How much is this home worth?
The estimated value of the home located at 224 Hazel Avenue is $565,499.
What are some comparable homes to 224 Hazel Avenue?
There are currently no comparable homes to 224 Hazel Avenue.
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