For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Westfield 07090
545 Lawrence Ave
$3,425,000
● House - Off Market

545 Lawrence Ave

Westfield Town, NJ 07090
bedrooms
6 Beds
bathrooms
4 Baths
$15,713
Est. Monthly
Unit Size
-
Days on Market
-
Land Size
0.82 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (GSMLS #4038098)

Price History

Date / Event Date Event Price
Jul 1, 2026 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 250
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,750
  • Lot Size Depth Feet: 3,250
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 4,631
  • Building Area: 4,631
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,631
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000821
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Westfield Town School District
  • Census Tract: 036500

Geography

  • Assessors Map Reference: TAX MAP 1900
  • District: 20
  • Parcel: 20 01102-0000-00019
  • Block: 1102
  • Lot: 19
  • Municipality: WESTFIELD TOWN
  • Latitude: 40.6581
  • Longitude: -74.3546

    Address

  • Full Address: 545 Lawrence Ave
  • Address - House Number: 545
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Westfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 3117
  • Zip Code: 07090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,455,258

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 1,855,234
  • High Value: 2,242,081
  • Low Value: 1,468,387

    Market Valuation

  • Market Total Value: $1,566,300
  • Market Land Value: $944,300
  • Market Improvement Value: $622,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,566,300
  • Assessed Land Value: $944,300
  • Assessed Improvements Value: $622,000

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 328225
  • Previous Sale Recording Date: Oct 08, 1993
  • Previous Sale Contract Date: Sep 17, 1993
  • Previous Sale Amount: $170,000
  • 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 Westfield

Stats & Trends

Median Asking:

$1,199,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

65

Average Home Size

798 ft²

Average Home Age

57.6 years

Currently For Sale

46 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 143 Elmer, Westfield, NJ, 07090

$3,200 /mo

  • 3 Beds
  • 1 Bath
143 Elmer, Westfield, NJ, 07090 Listing by Marilynn V. Scafidi

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 4 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 545 Lawrence Avenue built and last sold?
The property at 545 Lawrence Avenue was built in 1900 and last sold on Sep 15, 2020 for $1,600,000.
How much is this home worth?
The estimated value of the home located at 545 Lawrence Avenue is $3,232,000.
What are some comparable homes to 545 Lawrence Avenue?
There are currently no comparable homes to 545 Lawrence Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Union Homes for Sale
Union Houses for Sale
Union Condos for Sale
Union Co-Ops for Sale
Union Townhouses for Sale
Union Multifamily for Sale
Union Land for Sale
Union Commercial for Sale
Nearby Cities
New York Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Sayreville Homes for Sale
Hoboken Homes for Sale
Clifton Homes for Sale
Elizabeth Homes for Sale
East Orange Homes for Sale
Nearby Property Records
Union County, NJ Property Records
Essex County, NJ Property Records
Hudson County, NJ Property Records
New York, NY Property Records
Morris County, NJ Property Records
Middlesex County, NJ Property Records
Somerset County, NJ Property Records
Bergen County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Harlem Real Estate
Chelsea Real Estate
Forest Hills Real Estate
Midtown Real Estate
Financial District Real Estate
Nearby Counties
Manhattan Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Essex Homes for Sale
Bronx Homes for Sale
Morris Homes for Sale
Hudson Homes for Sale
Somerset Homes for Sale
Top Real Estate Agents
Top Agents in Union
Top Agents in New York
Top Agents in Manhattan
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Essex
Top Agents in Upper East Side
Top Agents in Bronx