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Essex
27 Scheiber Terrace
Listed by: Lisa Tomasella, [email protected], Berkshire Hathaway HomeServices Van Der Wende Properties, (973) 785-8420, Listing Courtesy of NJMLS
$593,001
● House - Off Market

27 Scheiber Terrace

Cedar Grove, NJ 07009
bedrooms
4 Beds
bathrooms
2 Baths
$599,935
RealtyHop Estimate
1.17%
Since Aug 1, 2023
NY-New York
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$931
HOA Dues
-
Year Built
1949

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 (NJMLS #23018090)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
Jul 1, 2023 In contract -
In contract
Jun 14, 2023 Price Increased $599,900
↑ $40K (7.1%)
Price Increased
Jun 13, 2023 Listed by Berkshire Hathaway HomeServices Van Der Wende Properties $559,900
Listed by Berkshire Hathaway HomeServices Van Der Wende Properties

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,994
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,205
  • Building Area: 2,205
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,205
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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-8

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 04
  • Parcel: 04 00051-0000-00003
  • Block: 51
  • Lot: 3
  • Municipality: CEDAR GROVE TWP
  • Latitude: 40.8437
  • Longitude: -74.2275

    Address

  • Full Address: 27 Scheiber Ter
  • Address - House Number: 27
  • Address - Street Name: Scheiber
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Cedar Grove
  • Carrier Code: C005
  • 4-Digit Zip Code: 2025
  • Zip Code: 07009

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,117,648

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 89
  • Final Value: 632,497
  • High Value: 700,068
  • Low Value: 564,926

    Market Valuation

  • Market Total Value: $435,900
  • Market Land Value: $209,900
  • Market Improvement Value: $226,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $435,900
  • Assessed Land Value: $209,900
  • Assessed Improvements Value: $226,000

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 45979
  • Previous Sale Recording Date: Oct 05, 1998
  • Previous Sale Contract Date: Jul 17, 1998
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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:

$628,500

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

48

Average Home Size

452 ft²

Average Home Age

-

Currently For Sale

2763 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 69 Montclair, Montclair, NJ, 07042

$3,375 /mo

  • 3 Beds
  • 1 Bath
69 Montclair, Montclair, NJ, 07042 Listing by Ann K. McCarthy
Unit for rent at 349 Bloomfield, Verona, NJ, 07044

$2,385 /mo

  • 2 Beds
  • 1 Bath
349 Bloomfield, Verona, NJ, 07044 Listing by Paul Gold

Rentals Near You

Click here to view more rentals in the neighborhood.
New Jersey Multiple Listing Service,Inc

Listed by: Lisa Tomasella
Berkshire Hathaway HomeServices Van Der Wende Properties
Last Updated: 4 years ago
Data Source: NJMLS , MLS# 23018090
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. 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 Scheiber Terrace built and last sold?
The property at 27 Scheiber Terrace was built in 1949 and last sold on Jul 26, 2023 for $593,001.
How much is this home worth?
The estimated value of the home located at 27 Scheiber Terrace is $598,931.
What are some comparable homes to 27 Scheiber Terrace?
There are currently no comparable homes to 27 Scheiber Terrace.
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