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Essex 07110
39 Race Street
$370,000
● House - Off Market

39 Race Street

Nutley, NJ 07110
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$385,345
RealtyHop Estimate
7.34%
Since Nov 1, 2022
NY-New York
Primary Model

About This Property

LOCATION LOCATION LOCATION! This home offers 3 bedrooms 2 bathrooms with hardwood floors through + a basement! A little will go a long way with this one, the opportunities are endless. Take a look at this home today!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1916

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: 3 years ago (MOMLS #22209122)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
Apr 1, 2022 Listed by Keller Williams Preferred Properties,Bayville $359,000
Listed by Keller Williams Preferred Properties,Bayville

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 4,748
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,183
  • Building Area: 1,183
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,183
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Nutley Town School District
  • Census Tract: 013900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 76
  • District: 16
  • Parcel: 16 07602-0000-00006
  • Block: 7602
  • Lot: 6
  • Municipality: NUTLEY TWP
  • Latitude: 40.8152
  • Longitude: -74.1658

    Address

  • Full Address: 39 Race St
  • Address - House Number: 39
  • Address - Street Name: Race
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Nutley
  • Carrier Code: C040
  • 4-Digit Zip Code: 2627
  • Zip Code: 07110

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $787,870

    Appraisal Valuation

  • Standard Deviation: 0.2476
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 65
  • Final Value: 419,155
  • High Value: 522,964
  • Low Value: 315,346

    Market Valuation

  • Market Total Value: $203,900
  • Market Land Value: $90,900
  • Market Improvement Value: $113,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $203,900
  • Assessed Land Value: $90,900
  • Assessed Improvements Value: $113,000

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Oct 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 93493
  • Previous Sale Recording Date: Oct 30, 1984
  • Previous Sale Contract Date: Oct 30, 1984
  • Previous Sale Amount: $74,900
  • 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 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

Rentals Near You

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MOMMLS

Listed by: Alyssa Giglio, Keller Williams Preferred Properties,Bayville
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22209122
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 Race Street built and last sold?
The property at 39 Race Street was built in 1916 and last sold on Sep 1, 2022 for $357,500.
How much is this home worth?
The estimated value of the home located at 39 Race Street is $0.
What are some comparable homes to 39 Race Street?
There are currently no comparable homes to 39 Race Street.
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