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Rutherford 07070
54 Morse Avenue
Listed by: Frank Capoano, [email protected], EXP Realty, LLC, (866) 201-6210, Listing Courtesy of NJMLS
$451,000
● House - Off Market

54 Morse Avenue

Rutherford, NJ 07070
bedrooms
3 Beds
bathrooms
1 Bath
$463,010
RealtyHop Estimate
2.66%
Since Jun 1, 2023
NY-New York
Primary Model

About This Property

Charming 3 bedroom colonial on quiet tree lined street. Spacious enclosed front porch enters to living room and large formal dining room with built in shelves. Kitchen door leads out to deck and above ground pool. Extra long driveway and 2 car detached garage. Proximal to train station and K-12 schools.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$937
HOA Dues
-
Year Built
1905

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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: 4 years ago (NJMLS #23004082)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Feb 10, 2023 Listed by EXP Realty, LLC $451,000
Listed by EXP Realty, LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,551
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Rutherford Borough School District
  • Census Tract: 051300

Zoning

  • Zoning: R1

Geography

  • District: 56
  • Parcel: 56 00043-0000-00021
  • Block: 43
  • Lot: 21
  • Municipality: RUTHERFORD BORO
  • Latitude: 40.8362
  • Longitude: -74.106

    Address

  • Full Address: 54 Morse Ave
  • Address - House Number: 54
  • Address - Street Name: Morse
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Rutherford
  • Carrier Code: C003
  • 4-Digit Zip Code: 1251
  • Zip Code: 07070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,139,799
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2074
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 557,075
  • High Value: 672,657
  • Low Value: 441,492

    Market Valuation

  • Market Total Value: $383,900
  • Market Land Value: $267,800
  • Market Improvement Value: $116,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,900
  • Assessed Land Value: $267,800
  • Assessed Improvements Value: $116,100

    Sales

  • Current Sale Contract Date: Feb 27, 2024
  • Current Sale Recording Date: Mar 05, 2024
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 11747
  • Previous Sale Recording Date: Jun 13, 2023
  • Previous Sale Contract Date: May 25, 2023
  • Previous Sale Amount: $451,000
  • 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 Rutherford

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$442

Above Asking

0.00%

Average Days on Market

74

Average Home Size

512 ft²

Average Home Age

86.4 years

Currently For Sale

30 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 66 Palisade, Garfield, NJ, 07026

$3,000 /mo

  • 2 Beds
  • 1 Bath
66 Palisade, Garfield, NJ, 07026 Listing by Christopher Luciano
Unit for rent at 403 River Renaissance, East Rutherford, NJ, 07073

$2,700 /mo

  • 2 Beds
  • 2 Baths
403 River Renaissance, East Rutherford, NJ, 07073 Listing by Victor Jalinos

Rentals Near You

Click here to view more rentals in the neighborhood.
New Jersey Multiple Listing Service,Inc

Listed by: Frank Capoano
EXP Realty, LLC
Last Updated: 4 years ago
Data Source: NJMLS , MLS# 23004082
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. 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 54 Morse Avenue built and last sold?
The property at 54 Morse Avenue was built in 1905 and last sold on Feb 27, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 54 Morse Avenue is $0.
What are some comparable homes to 54 Morse Avenue?
There are currently no comparable homes to 54 Morse Avenue.
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