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Essex
43 Ridgehurst Road
$380,000
● House - Off Market

43 Ridgehurst Road

West Orange, NJ 07052
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,355 Ft²
$402,578
RealtyHop Estimate
7.35%
Since Oct 1, 2022
NY-New York
Primary Model

About This Property

3 bedroom, 1.5 bathroom colonial. Full basement and walk up attic. Needs updating.

Updated boiler and water heater. Driveway. Backs up to Llewelyn Park. Walk to Main Street. Minutes to 280, Seton Hall, Parkway and NYC transportation. NJ Transit
Unit Size
1,355 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$277
Property Type
House
Property Taxes
$791
HOA Dues
-
Year Built
1926

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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 #22212852)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
May 1, 2022 Listed by RE/MAX Revolution $375,000
Listed by RE/MAX Revolution

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • 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: 2,195
  • Lot Size Depth Feet: 610
  • Lot Size Frontage Feet: 360
  • Total Building Area: 1,355
  • Building Area: 1,355
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,355
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000050
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 017600

Zoning

  • Zoning: R-T

Geography

  • Assessors Map Reference: TAX MAP 54
  • District: 22
  • Parcel: 22 00113- 02-00072
  • Block: 113.02
  • Lot: 72
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.7892
  • Longitude: -74.2346

    Address

  • Full Address: 43 Ridgehurst Rd
  • Address - House Number: 43
  • Address - Street Name: Ridgehurst
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C049
  • 4-Digit Zip Code: 5717
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $967,710

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 89
  • Final Value: 389,157
  • High Value: 430,721
  • Low Value: 347,592

    Market Valuation

  • Market Total Value: $218,100
  • Market Land Value: $93,300
  • Market Improvement Value: $124,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $218,100
  • Assessed Land Value: $93,300
  • Assessed Improvements Value: $124,800

    Sales

  • Current Sale Contract Date: Aug 18, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 86632
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

593 ft²

Average Home Age

5.1 years

Currently For Sale

1684 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 43 Conforti, West Orange, NJ, 07052

$2,600 /mo

  • 2 Beds
  • 1 Bath
43 Conforti, West Orange, NJ, 07052 Listing by Carl SanFilippo

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Richard Davidson, RE/MAX Revolution
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22212852
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 43 Ridgehurst Road built and last sold?
The property at 43 Ridgehurst Road was built in 1926 and last sold on Aug 18, 2022 for $380,000.
How much is this home worth?
The estimated value of the home located at 43 Ridgehurst Road is $382,418.
What are some comparable homes to 43 Ridgehurst Road?
There are currently no comparable homes to 43 Ridgehurst Road.
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