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Essex 07109
603 Hero Way
$336,105
● House - Off Market

603 Hero Way

Belleville Twp., NJ 07109
bedrooms
2 Beds
bathrooms
2.1 Baths
$416,582
RealtyHop Estimate
8.20%
Since Feb 1, 2023
NY-New York
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$235
Year Built
2006

Payment Calculator

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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 (GSMLS #3799476)

Price History

Date / Event Date Event Price
Jan 27, 2023 Sold
Premium
Sold
Jan 22, 2023 No longer available -
No longer available
Jan 14, 2023 In contract -
In contract
Aug 16, 2022 Listed by Coldwell Banker Real Estate Services $385,000
Listed by Coldwell Banker Real Estate Services
Wonderful opportunity to live in Essex Park community.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 572
  • Total Building Area: 1,069
  • Building Area: 1,069
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,069
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000013
  • Standard Land Use Code: 1004
  • County Land Use Code: 2

Neighborhood

  • School District Name: Belleville Town School District
  • Census Tract: 014000

Geography

  • Assessors Map Reference: TAX MAP 25
  • District: 01
  • Parcel: 01 02501-0000-00001-0000-C0603
  • Block: 2501
  • Lot: 1
  • Municipality: BELLEVILLE TWP
  • Latitude: 40.7983
  • Longitude: -74.171

    Address

  • Full Address: 603 Hero Way
  • Address - House Number: 603
  • Address - Street Name: Hero
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Belleville
  • Carrier Code: C080
  • 4-Digit Zip Code: 5337
  • Zip Code: 07109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $967,371

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 89
  • Final Value: 375,041
  • High Value: 415,098
  • Low Value: 334,984

    Market Valuation

  • Market Total Value: $251,200
  • Market Land Value: $95,000
  • Market Improvement Value: $156,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,200
  • Assessed Land Value: $95,000
  • Assessed Improvements Value: $156,200

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Jan 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3540
  • Previous Sale Recording Date: Aug 08, 2022
  • Previous Sale Contract Date: Jul 25, 2022
  • Previous Sale Amount: $296,136
  • Previous Sale Document Type: 64
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

$323

Below Asking

0.01%

Average Days on Market

71

Average Home Size

591 ft²

Average Home Age

5.3 years

Currently For Sale

1690 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 412 Broad, Bloomfield, NJ, 07003

$1,700 /mo

  • 1 Bed
  • 1 Bath
412 Broad, Bloomfield, NJ, 07003 Listing by Russ Regal
Unit for rent at 17 Cuozzo, Belleville, NJ, 07109

$1,800 /mo

  • 1 Bed
  • 1 Bath
17 Cuozzo, Belleville, NJ, 07109 Listing by Justin Fallas

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 4 years ago
Data Source: GSMLS, MLS# 3799476
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 603 Hero Way built and last sold?
The property at 603 Hero Way was built in 2006 and last sold on Nov 10, 2022 for $336,105.
How much is this home worth?
The estimated value of the home located at 603 Hero Way is $0.
What are some comparable homes to 603 Hero Way?
There are currently no comparable homes to 603 Hero Way.
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