Listed by: Lindsey Kehr, [email protected], Realty Executives Exceptional Realtors-Kinnelon, (973) 838-6990, Listing Courtesy of NJMLS
$500,000
●
House -
Off Market
7 Grandview Drive
Wayne, NJ 07470
2 Beds
1 Bath
$3,275
Est. Monthly
3.79%
Cap Rate
About This Property
ASSUMABLE 2.75% 30 year fixed FHA rate is waiting for a qualified
buyer. (subject to lender qualification). Charming
colonial/cape on .34 acres of park like property close to shopping
centers & NYC transit. This property is in the Wayne Hills section
of town & provides a lot large enough for expansion opportunities.
First floor offers a foyer, a large living room, formal
dining room, kitchen, & sunroom. (Sunroom provides the possibility
of a 1st floor BR) The second floor has 2 bedrooms & an updated
full bath. An outdoor patio & 1 car detached garage with storage
round off this opportunity!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$820
HOA Dues
-
Year Built
1930
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: 3 years ago (NJMLS #24002049)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | Listed by Realty Executives Exceptional Realtors-Kinnelon | $460,000 | |
| Listed by Realty Executives Exceptional Realtors-Kinnelon | |||
| Feb 3, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2017 | Listed | $360,000 | |
| Listed | |||
| | |||
|
Great starter home or for Downsizing! Immaculate charming home with park like property. Near shopping center and NYC transportation. Wayne Hills section , Charming custom Cape Cod/Colonial,Freshly painted, Foyer , Large Living rm,Formal Dinning Room, 3 Season sun room (could be turned into 3rd Bedroom). large 2 bdrm, 1 Bath updated, Expansive park like property with paver patio for relaxing. Definitely move in ready. Room for expansion!The manager has listed the unit size as 1200 square feet.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Passaic
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lindsey Kehr
Realty Executives Exceptional Realtors-Kinnelon
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24002049
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.
Realty Executives Exceptional Realtors-Kinnelon
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24002049
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017