For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Passaic 07470
31 Iowa Road
$1,100,000
● House - Off Market

31 Iowa Road

Wayne, NJ 07470
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,640 Ft²
$6,311
Est. Monthly
$87
HOA / Fees
9.29%
Cap Rate

About This Property

Within 24 miles of Midtown Manhattan, tucked away on a quiet cul de sac on 2.37 acres, yet within a few mins from 287, 208, 23, 80 and more. This 3640 sq ft contemporary home has generous sized rooms with large windows bringing nature in! This home features 5 bedrooms, 3 baths and a 2 car garage- 2 level home that gives ground level access to both floors! This home has a walking path to Wayne's best kept secret-Pines Lake-Great lifestyle -vacation at home with lake rights & mountain views! Sail, swim, fish in summer & ice skate in winter. And enjoy this spacious home retreat!  Wayne offers: great schools, Crumbl, Trader Joe's, Boys and Girls Club, PAL, James Roe Pool, and the New Community Center!
Unit Size
3,640 Ft²
Days on Market
66 days
Land Size
2.37 acres
Price per sqft
$261
Property Type
House
Property Taxes
$1,558
HOA Dues
$87
Year Built
1964

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MOMLS #22506325)

Price History

Date / Event Date Event Price
May 12, 2025 Sold
Premium
Sold
Mar 25, 2025 In contract -
In contract
Mar 7, 2025 Listed by Keller Williams Prosperity Realty $950,000
Listed by Keller Williams Prosperity Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 103,237
  • Total Building Area: 3,640
  • Building Area: 3,640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002370
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wayne Township School District
  • Census Tract: 246003

Geography

  • District: 14
  • Parcel: 14 04303-0000-00058
  • Block: 4303
  • Lot: 58
  • Municipality: WAYNE TWP
  • Latitude: 40.989
  • Longitude: -74.2548

    Address

  • Full Address: 31 Iowa Rd
  • Address - House Number: 31
  • Address - Street Name: Iowa
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Wayne
  • Carrier Code: C065
  • 4-Digit Zip Code: 5024
  • Zip Code: 07470

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,778,183

    Appraisal Valuation

  • Standard Deviation: 0.1828
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 76
  • Final Value: 860,622
  • High Value: 1,017,955
  • Low Value: 703,289

    Market Valuation

  • Market Total Value: $314,500
  • Market Land Value: $163,300
  • Market Improvement Value: $151,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $314,500
  • Assessed Land Value: $163,300
  • Assessed Improvements Value: $151,200

    Sales

  • Current Sale Contract Date: Jul 11, 2003
  • Current Sale Recording Date: Jul 21, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 19, 1997
  • Previous Sale Contract Date: Oct 21, 1997
  • Previous Sale Amount: $395,000
  • 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:

$580,000

Sale Price/ft²

$312

Below Asking

0.01%

Average Days on Market

50

Average Home Size

685 ft²

Average Home Age

-

Currently For Sale

1405 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Francesca Messercola, Keller Williams Prosperity Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22506325
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 31 Iowa Road built and last sold?
The property at 31 Iowa Road was built in 1964 and last sold on Jul 11, 2003 for $610,000.
How much is this home worth?
The estimated value of the home located at 31 Iowa Road is $0.
What are some comparable homes to 31 Iowa Road?
There are currently no comparable homes to 31 Iowa Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Passaic Homes for Sale
Passaic Houses for Sale
Passaic Condos for Sale
Passaic Co-Ops for Sale
Passaic Townhouses for Sale
Passaic Multifamily for Sale
Passaic Land for Sale
Passaic Commercial for Sale
Nearby Cities
New York Homes for Sale
Jersey City Homes for Sale
Yonkers Homes for Sale
Newark Homes for Sale
Sayreville Homes for Sale
Paterson Homes for Sale
White Plains Homes for Sale
Hoboken Homes for Sale
Nearby Property Records
Passaic County, NJ Property Records
Bergen County, NJ Property Records
Essex County, NJ Property Records
Rockland County, NY Property Records
Morris County, NJ Property Records
Sussex County, NJ Property Records
Hudson County, NJ Property Records
Orange County, NY Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Riverdale Real Estate
Forest Hills Real Estate
Nearby Counties
Manhattan Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Essex Homes for Sale
Bergen Homes for Sale
Bronx Homes for Sale
Morris Homes for Sale
Hudson Homes for Sale
Top Real Estate Agents
Top Agents in Passaic
Top Agents in New York
Top Agents in Manhattan
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Essex
Top Agents in Bergen
Top Agents in Upper East Side