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Essex
58 Chestnut
$800,000
● House - Off Market

58 Chestnut

Verona, NJ 07044
bedrooms
4 Beds
bathrooms
2 Baths
$3,580
Est. Monthly
4.13%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921

Payment Calculator

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Cap Rate Calculator

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Monthly Rental Income
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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 years ago (NJMLS #25003803)

Price History

Date / Event Date Event Price
Apr 15, 2025 Sold
Premium
Sold
Feb 22, 2025 In contract -
In contract
Feb 12, 2025 Listed by RE/MAX Elite Realty $729,000
Listed by RE/MAX Elite Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,116
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,926
  • Building Area: 1,926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,926
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000301
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Verona Borough School District
  • Census Tract: 021000

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 22
  • District: 20
  • Parcel: 20 02210-0000-00017
  • Block: 2210
  • Lot: 17
  • Municipality: VERONA TWP
  • Latitude: 40.833
  • Longitude: -74.2563

    Address

  • Full Address: 58 Chestnut Rd
  • Address - House Number: 58
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Verona
  • Carrier Code: C042
  • 4-Digit Zip Code: 1105
  • Zip Code: 07044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,676,080

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 731,884
  • High Value: 888,852
  • Low Value: 574,916

    Market Valuation

  • Market Total Value: $560,000
  • Market Land Value: $374,700
  • Market Improvement Value: $185,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $560,000
  • Assessed Land Value: $374,700
  • Assessed Improvements Value: $185,300

    Sales

  • Current Sale Contract Date: Dec 19, 2000
  • Current Sale Recording Date: Jan 09, 2001
  • Current Sale Price:
    Premium
  • Current 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 Essex

Stats & Trends

Median Asking:

$629,000

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

48

Average Home Size

460 ft²

Average Home Age

-

Currently For Sale

2806 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 8 Personette, Caldwell, NJ, 07006

$3,500 /mo

  • 2 Beds
  • 2 Baths
8 Personette, Caldwell, NJ, 07006 Listing by Michael P. Schiff

Rentals Near You

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

Listed by: Marlo C. Spina
RE/MAX Elite Realty
Last Updated: 2 years ago
Data Source: NJMLS , MLS#
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 58 Chestnut Road built and last sold?
The property at 58 Chestnut Road was built in 1921 and last sold on Dec 19, 2000 for $290,000.
How much is this home worth?
The estimated value of the home located at 58 Chestnut Road is $736,290.
What are some comparable homes to 58 Chestnut Road?
There are currently no comparable homes to 58 Chestnut Road.
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