Overview

$299,999

20% Min Down

55 Randolph Place #405

55 Randolph Place, West Orange, NJ 07052

Condo in Essex

3 Bed | 2 Bath | 1,334 ft² | $225/ft² | 4.67% Cap Rate

Listed Sep 11th, 2021 (133 days)
SCOTLAND ARMS COMPLEX. Spacious, Open Floor plan 3 BR 2 Full Bath loaded with Character One floor condo. Wood Floors. LARGE STORAGE RM IN UNIT. Updated Baths, freshly painted. Ready to move in! High Ceilings. Recessed Lighting in Living & Dining Areas. Ceiling Fans in most rooms. Architectural details include a few built in shelving areas, arched doorways, Wide base and crown molding, Original stain glass panes in Dining Area. Walk in Closet in Master Bedroom. Pre-war building consisting of approx 32 units of various sizes. Enter through well maintained historic entry lobby with wide stairway to mezzanine level hosting a gracious sitting room and Elevator access. There is an assigned parking space (#11), cost $35 per month that current owner can transfer the exclusive use of. 1/4 Mile to Mountain Transit Station. $5,000 SELLER CREDIT (CONCESSION) TOWARDS CLOSING COSTS OR FINANCING.

The manager has listed the unit size as 1334 square feet.

Features & Amenities

Unit Amenities

  • Dishwasher
  • Refrigerator

Building Policies

    Learn more about 55 Randolph Place, West Orange, NJ 07052

    Listed By

    Marie Episale

    Century 21 Crest Real Estate

    9736861500

    History

    Date Event Price
    Jan 15, 2022 Price Decreased by -$30,001 (-9.1%) $299,999
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    Sep 11, 2021 Listed $330,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-09-11', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$330,000', 'orig_value' => NULL, 'listing_id' => '15921897', 'unit' => '405', 'building_id' => NULL, 'street_address' => '55 Randolph Place', 'citystate' => 'Orange, NJ', 'bedrooms' => '3', 'bathrooms' => '2', 'square_feet' => '1334', 'pretty_url' => 'https://www.realtyhop.com/building/55-randolph-place-orange-nj/405/15921897', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => '', ))

    Property Analysis

    Price Estimate

    $302,999

    HopScore Market Price

    $299,999

    Current Asking Price

    +$3,000

    Difference from Asking

    Cap Rate Analysis

    Operating Profit

    $15,404
    /

    Purchase Price

    $299,999
    =

    Cap Rate

    4.67%
    **

    * Actual income may vary between $1,440 and $2,160 depending on unit-specific characteristics.

    ** 100% occupancy is assumed. Leverage (mortgage) is not considered.

    Comparables

    Units for sale near 55 Randolph Place

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    Units for rent near 55 Randolph Place

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    Building Info

    Want to find out who owns 55 Randolph Place, West Orange, NJ 07052? Get detailed property transactions here.

    Neighborhood

    Stats & Trends

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    Median Asking

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    Above Asking

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    Sale Price/ft²

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    Days on Market

    Schools

    School Type Grades Distance
    Gregory Elementary School Elementary KG to 5 1.13 mi
    Roosevelt Middle School Middle School 7 to 8 0.8 mi
    West Orange High School High School 9 to 12 1.99 mi
    Betty Maddalena Early Learning Center Prekindergarten PK 2.6 mi
    Edison Middle School Middle School 6 1.41 mi
    School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

    Mortgage Payment Calculator

    $1,857

    Per Month
    When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

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    Recent Transactions at 55 Randolph Place

    Transaction history for 55 Randolph Place

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    Learn more about 55 Randolph Place #405

    Building at 55 Randolph Place, West Orange, NJ 07052

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