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Union 07083
401 Lum Ave
Photo of 401 Lum Ave
Sold on Sep 15, 2026

23

Map

Photo of 401 Lum Ave
Photo of 401 Lum Ave
$580,000
● House - Off Market

401 Lum Ave

Union Twp., NJ 07083
bedrooms
3 Beds
bathrooms
0 Bath
$2,696
Est. Monthly
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939

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 months ago (GSMLS #4038966)

Price History

Date / Event Date Event Price
Sep 15, 2026 Sold
Premium
Sold
Jul 21, 2026 In contract -
In contract

Property Highlights

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,253
  • Lot Size Depth Feet: 1,164
  • Lot Size Frontage Feet: 452
  • Total Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Union Township School District
  • Census Tract: 033400

Geography

  • District: 19
  • Parcel: 19 01216-0000-00004
  • Block: 1216
  • Lot: 4
  • Municipality: UNION TWP
  • Latitude: 40.6871
  • Longitude: -74.248

    Address

  • Full Address: 401 Lum Ave
  • Address - House Number: 401
  • Address - Street Name: Lum
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Union
  • Carrier Code: C010
  • 4-Digit Zip Code: 7516
  • Zip Code: 07083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $975,105

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 497,155
  • High Value: 608,727
  • Low Value: 385,584

    Market Valuation

  • Market Total Value: $45,000
  • Market Land Value: $19,000
  • Market Improvement Value: $26,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,000
  • Assessed Land Value: $19,000
  • Assessed Improvements Value: $26,000

    Sales

  • Current Sale Contract Date: Sep 26, 2018
  • Current Sale Recording Date: Oct 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 305720
  • Previous Sale Recording Date: Dec 16, 2013
  • Previous Sale Contract Date: Dec 13, 2013
  • Previous Sale Amount: $223,000
  • 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 Union

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$349

Below Asking

0.01%

Average Days on Market

71

Average Home Size

679 ft²

Average Home Age

-

Currently For Sale

899 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 119 Columbus Place, Roselle Park, NJ, 07042

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
119 Columbus Place #1, Roselle Park, NJ, 07042 Listing by NADIYAH MALBON
Unit for rent at 35 Field, Maplewood, NJ, 07040

$2,700 /mo

  • 2 Beds
  • 1 Bath
35 Field, Maplewood, NJ, 07040 Listing by Jayson Frank

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 2 months ago
Data Source: GSMLS, MLS#
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 401 Lum Avenue built and last sold?
The property at 401 Lum Avenue was built in 1939 and last sold on Sep 26, 2018 for $287,000.
How much is this home worth?
The estimated value of the home located at 401 Lum Avenue is $554,490.
What are some comparable homes to 401 Lum Avenue?
There are currently no comparable homes to 401 Lum Avenue.
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