by RHP Realty
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Perth Amboy 08861
348 Colfax Street
$355,000
● House - Off Market

348 Colfax Street

Perth Amboy, NJ 08861
bedrooms
5 Beds
bathrooms
2 Baths
$416,304
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Great fenced in upgraded home with front porch located on a quiet dead end street. Use for yourself.. Or purchase as a investment opportunity. Two family home. Upstairs unit includes two large bedrooms. back bedroom which has a door leading out into the private yard. Large eat in kitchen and one full bedroom . Unfinished basement accessed from backyard perfect for storage or a workshop. Both units have separate furnaces and are steam  heat baseboards. Large back yard great for entertaining and even has a covered patio area with pavers! Large storage shed in back of yard. This home is priced to sell and will not last!
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1901

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: 4 years ago (CJMLS #2113239R)

Price History

Date / Event Date Event Price
May 10, 2021 Sold
Premium
Sold
Mar 5, 2021 Listed by ROBERT DE FALCO REALTY, INC. $350,000
Listed by ROBERT DE FALCO REALTY, INC.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • 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: 200
  • 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: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,761
  • Building Area: 1,761
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,761
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000057
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Perth Amboy City School District
  • Census Tract: 004800

Zoning

  • Zoning: R-25

Geography

  • Assessors Map Reference: TAX MAP 21
  • District: 16
  • Parcel: 16 00081-0000-00026
  • Block: 81
  • Lot: 26
  • Municipality: PERTH AMBOY CITY
  • Latitude: 40.5078
  • Longitude: -74.2796

    Address

  • Full Address: 348 Colfax St
  • Address - House Number: 348
  • Address - Street Name: Colfax
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Perth Amboy
  • Carrier Code: C011
  • 4-Digit Zip Code: 4502
  • Zip Code: 08861

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $734,230

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 485,299
  • High Value: 578,961
  • Low Value: 391,637

    Market Valuation

  • Market Total Value: $246,800
  • Market Land Value: $86,400
  • Market Improvement Value: $160,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,800
  • Assessed Land Value: $86,400
  • Assessed Improvements Value: $160,400

    Sales

  • Current Sale Contract Date: Apr 29, 2021
  • Current Sale Recording Date: May 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021064341
  • Previous Sale Recording Date: Mar 24, 2000
  • Previous Sale Contract Date: Mar 10, 2000
  • Previous Sale Amount: $90,000
  • 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 Perth Amboy

Stats & Trends

Median Asking:

$474,995

Sale Price/ft²

$321

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1443 ft²

Average Home Age

82.8 years

Currently For Sale

62 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.
CJMLS

Listed by: ROBERT DEFALCO
ROBERT DE FALCO REALTY, INC.
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2113239R

Frequently Asked Questions

When was property at 348 Colfax Street built and last sold?
The property at 348 Colfax Street was built in 1901 and last sold on Apr 29, 2021 for $355,000.
How much is this home worth?
The estimated value of the home located at 348 Colfax Street is $353,500.
What are some comparable homes to 348 Colfax Street?
There are currently no comparable homes to 348 Colfax Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
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
Popular Searches
Middlesex Homes for Sale
Middlesex Houses for Sale
Middlesex Condos for Sale
Middlesex Co-Ops for Sale
Middlesex Townhouses for Sale
Middlesex Multifamily for Sale
Middlesex Land for Sale
Middlesex Commercial for Sale
Nearby Cities
New York Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Yonkers Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Trenton Homes for Sale
Crestwood Village Homes for Sale
Nearby Property Records
Middlesex County, NJ Property Records
Somerset County, NJ Property Records
Union County, NJ Property Records
Mercer County, NJ Property Records
Monmouth County, NJ Property Records
Essex County, NJ Property Records
Hunterdon County, NJ Property Records
Morris County, NJ 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
Ocean Homes for Sale
Manhattan Homes for Sale
Monmouth Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Essex Homes for Sale
Mercer Homes for Sale
Bergen Homes for Sale
Top Real Estate Agents
Top Agents in Middlesex
Top Agents in New York
Top Agents in Ocean
Top Agents in Manhattan
Top Agents in Monmouth
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Essex