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Essex
39 Oakridge Road
$462,000
● House - Off Market

39 Oakridge Road

West Orange, NJ 07052
bedrooms
3 Beds
bathrooms
2 Baths
$430,027
RealtyHop Estimate
13.17%
Since Feb 1, 2022
NY-New York
Primary Model

About This Property

Welcome to this bright and sunny Colonial in desirable Gregory Section featuring 3 bedrooms and 2 baths. This home combines classic architectural design with today's latest amenities, creating a unique rich character that is so impressive at every turn. There is tiled finished basement w/ bonus area, full bath and access to the rear yard. The 3rd level is finished creating a bonus area.  Dining area invites you to the rear yard that features a paver patio, brick barbeque and privacy fencing. The driveway is extra-long, so you can park many cars. The jitney stops on the street making commuting very easy. Come live the dream that you dared to dream; where a touch of class meets tasteful elegance and impeccable maintenance, to create compelling value in this exquisite home.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$975
HOA Dues
-
Year Built
1900

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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: 3 years ago (MOMLS #22134219)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Oct 19, 2021 Listed by Keller Williams Realty West Monmouth $380,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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
  • 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: 4,439
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,064
  • Building Area: 2,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000102
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 017900

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 18
  • District: 22
  • Parcel: 22 00033-0000-00029
  • Block: 33
  • Lot: 29
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.7712
  • Longitude: -74.2512

    Address

  • Full Address: 39 Oakridge Rd
  • Address - House Number: 39
  • Address - Street Name: Oakridge
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C035
  • 4-Digit Zip Code: 4537
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,211,301

    Appraisal Valuation

  • Standard Deviation: 0.2224
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 69
  • Final Value: 502,488
  • High Value: 614,270
  • Low Value: 390,707

    Market Valuation

  • Market Total Value: $273,000
  • Market Land Value: $134,400
  • Market Improvement Value: $138,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $273,000
  • Assessed Land Value: $134,400
  • Assessed Improvements Value: $138,600

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 13438
  • Previous Sale Recording Date: Aug 08, 2016
  • Previous Sale Contract Date: Jun 03, 2016
  • Previous Sale Amount: $273,000
  • Previous Sale Document Type: 12
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:

$649,000

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

71

Average Home Size

559 ft²

Average Home Age

-

Currently For Sale

1652 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 113 3rd St, South Orange Village Twp., 07079-1858

$2,800 /mo

  • 3 Beds
  • 1 Bath
113 3rd St, South Orange Village Twp., 07079-1858 Listing by MARIA M. SALAZAR

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Pamela El-Ghoul, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22134219
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 39 Oakridge Road built and last sold?
The property at 39 Oakridge Road was built in 1900 and last sold on Dec 17, 2021 for $462,000.
How much is this home worth?
The estimated value of the home located at 39 Oakridge Road is $0.
What are some comparable homes to 39 Oakridge Road?
There are currently no comparable homes to 39 Oakridge Road.
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