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Essex
397 Olcott St
$444,000
● House - Off Market

397 Olcott St

City Of Orange Twp., NJ 07050
bedrooms
3 Beds
bathrooms
2 Baths
$2,009
Est. Monthly
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952

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: 2 years ago (GSMLS #3943717)

Price History

Date / Event Date Event Price
Mar 17, 2025 Sold
Premium
Sold
Feb 8, 2025 In contract -
In contract
Sep 13, 2019 Sold
Premium
Sold
Jun 30, 2019 Listed by RE/MAX Imperial $309,000
Listed by RE/MAX Imperial
A MUST SEE.RIGHT OUT OF BETTER HOMES AND GARDENS.NEW KITCHEN,NEW BATHROOMS,NEW WINDOWS,NEW FLOORING THROUT, NEW CENTRAL AIR,NEW DRIVEWAY AND FRONT PORCH,NEW BACK ROOF,NEW FRONT SIDING,SPACIOUS WOOD DECK OFF KITCHEN OVERLOOKING PARK LIKE YARD,FULL BASEMENT.WALK TO BEAUTIFUL PARK.BRING THE KIDS,WON'T LAST.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,256
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 370
  • Total Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000098
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Orange City Township School District
  • Census Tract: 018700

Geography

  • Account Number: 00003598
  • District: 17
  • Parcel: 17 04701-0000-00015
  • Block: 4701
  • Lot: 15
  • Municipality: ORANGE CITY TWP
  • Latitude: 40.7606
  • Longitude: -74.2331

    Address

  • Full Address: 397 Olcott St
  • Address - House Number: 397
  • Address - Street Name: Olcott
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Orange
  • Carrier Code: C001
  • 4-Digit Zip Code: 3229
  • Zip Code: 07050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,303,909

    Appraisal Valuation

  • Standard Deviation: 0.2475
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 65
  • Final Value: 504,799
  • High Value: 629,760
  • Low Value: 379,837

    Market Valuation

  • Market Total Value: $376,200
  • Market Land Value: $106,100
  • Market Improvement Value: $270,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $376,200
  • Assessed Land Value: $106,100
  • Assessed Improvements Value: $270,100

    Sales

  • Current Sale Contract Date: Sep 05, 2019
  • Current Sale Recording Date: Sep 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019090409
  • Previous Sale Recording Date: Nov 30, 2018
  • Previous Sale Contract Date: Nov 14, 2018
  • Previous Sale Amount: $134,400
  • Previous Sale Document Type: O
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

$323

Below Asking

0.01%

Average Days on Market

71

Average Home Size

574 ft²

Average Home Age

-

Currently For Sale

1626 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 19 Prospect St, South Orange Village Twp., 07079-2218

$3,250 /mo

  • 2 Beds
  • 1 Bath
19 Prospect St, South Orange Village Twp., 07079-2218 Listing by RODNEY FONTIL
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.
GSMLS

Last Updated: 2 years ago
Data Source: GSMLS, MLS# 3943717
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. 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 397 Olcott Street built and last sold?
The property at 397 Olcott Street was built in 1952 and last sold on Sep 5, 2019 for $290,000.
How much is this home worth?
The estimated value of the home located at 397 Olcott Street is $0.
What are some comparable homes to 397 Olcott Street?
There are currently no comparable homes to 397 Olcott Street.
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