Listed by: Susan DeRosa, [email protected], Prominent Properties Sotheby's International Realty-Montclair, (973) 783-6900, Listing Courtesy of NJMLS
$536,000
●
House -
Off Market
63 Iroquois Trail
Wayne, NJ 07470
3 Beds
1 Bath
$3,403
Est. Monthly
4.77%
Cap Rate
About This Property
Pines Lake Living is at its best in private setting in vibrant
residential neighborhood only 1 hr from NYC. Distinctive log home
updated with modern features offers comfort & convenience.
One-level living offers updated kitchen including new stainless
stove and dishwasher, updated bath, living room with open loft, DR,
3 BRs, laundry room, central AC, recessed lighting, entry foyer.
Cozy up to a stone wood-burning fireplace or gather around fire
pit. Dine alfresco on your generous side deck equipped with BBQ
grill. Lower level has interior access via built-in garage, offers
a mudroom, storage room, workshop, and utility. If you would like
to use the numerous amenities this Lake Community offers, such as
lake beaches, boating, kayaking, paddle boarding, swimming, tennis,
pickle ball, basketball, and fishing, along with community
activities, you only need to pay a membership fee of $850/year.
Purchase includes boat slip (#10) for a $100/year fee
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$771
HOA Dues
-
Year Built
1940
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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 #24024599)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Listed by Prominent Properties Sotheby's International Realty-Montclair | $549,555 | |
| Listed by Prominent Properties Sotheby's International Realty-Montclair | |||
| Jul 1, 2021 | No longer available | - | |
| No longer available | |||
| May 25, 2021 | Listed by Keller Williams - Ridgewood | $379,900 | |
| Listed by Keller Williams - Ridgewood | |||
| | |||
|
HIGHEST & BEST - Tuesday, June 1 by 11 AM! Vacation yearlong in your very own enchanting log cabin in the private Pines Lake community - popular for its beaches, fishing, and plentiful recreation activities for all ages and events throughout the year! This home comes with a transferable optional boat slip and row boat located on South Beach. Charm throughout and located on an oversized lot w/expansion potential. Features include living room w/stone floor-to-ceiling fireplace, dining room, an updated kitchen, three bedrooms, and bath for one-level living. 2nd flr loft is the perfect hideaway! Mudroom/laundry with access to a large deck and patio perfect for relaxing or entertaining! Amenities: full unfinished basement with indoor access, deck, patio, CAC, and 1-car attached garage. Property is private and offers space for gatherings. Pines Lake is a private community with so much to offer: swimming, boating, tennis, & more! Great schools plus near transportation and shops.
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Susan DeRosa
Prominent Properties Sotheby's International Realty-Montclair
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24024599
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.
Prominent Properties Sotheby's International Realty-Montclair
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24024599
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.
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