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Essex
27 Forest Hills Way
$865,000
● House - Off Market

27 Forest Hills Way

Cedar Grove Twp., NJ 07009
bedrooms
3 Beds
bathrooms
2.1 Baths
$958,894
RealtyHop Estimate
7.14%
Since Sep 1, 2022
NY-New York
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1982

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 (GSMLS #3775675)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,012
  • Total Building Area: 1,842
  • Building Area: 1,842
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,842
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000414
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Cedar Grove Township School District
  • Census Tract: 021400

Zoning

  • Zoning: R-18

Geography

  • Assessors Map Reference: TAX MAP 3
  • District: 04
  • Parcel: 04 00035-0000-00010
  • Block: 35
  • Lot: 10
  • Municipality: CEDAR GROVE TWP
  • Latitude: 40.8392
  • Longitude: -74.219

    Address

  • Full Address: 27 Forest Hills Way
  • Address - House Number: 27
  • Address - Street Name: Forest Hills
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Cedar Grove
  • Carrier Code: C008
  • 4-Digit Zip Code: 2043
  • Zip Code: 07009

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,676,087

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 832,572
  • High Value: 1,014,713
  • Low Value: 650,432

    Market Valuation

  • Market Total Value: $653,700
  • Market Land Value: $365,400
  • Market Improvement Value: $288,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $653,700
  • Assessed Land Value: $365,400
  • Assessed Improvements Value: $288,300

    Sales

  • Current Sale Contract Date: Aug 16, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 78940
  • Previous Sale Recording Date: Aug 14, 2006
  • Previous Sale Contract Date: May 30, 2006
  • Previous Sale Amount: $830,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Essex

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$323

Below Asking

0.01%

Average Days on Market

71

Average Home Size

587 ft²

Average Home Age

9 years

Currently For Sale

1658 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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GSMLS

Last Updated: 4 years ago
Data Source: GSMLS, MLS# 3775675
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. 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 27 Forest Hills Way built and last sold?
The property at 27 Forest Hills Way was built in 1982 and last sold on Aug 16, 2022 for $865,000.
How much is this home worth?
The estimated value of the home located at 27 Forest Hills Way is $0.
What are some comparable homes to 27 Forest Hills Way?
There are currently no comparable homes to 27 Forest Hills Way.
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