For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Wharton 07885
7 Newton Place
$425,000
● House - Off Market

7 Newton Place

Wharton, NJ 07885
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,634 Ft²
$2,694
Est. Monthly
10.95%
Cap Rate

About This Property

AS-IS SALE in Wharton.  Buyer to rely on their own due diligance.  Buyer is responsible to obtain CO or TCO from twp prior to closing.  Any contents left in the home at closing will be the sole responsibility of the buyer.
Unit Size
1,634 Ft²
Days on Market
368 days
Land Size
0.28 acres
Price per sqft
$230
Property Type
House
Property Taxes
$852
HOA Dues
-
Year Built
1959

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: 2 years ago (MOMLS #22423704)

Price History

Date / Event Date Event Price
Sep 13, 2025 Sold
Premium
Sold
Sep 29, 2024 In contract -
In contract
Sep 10, 2024 Relisted $375,000
Relisted
Aug 28, 2024 In contract -
In contract
Aug 15, 2024 Listed by HomeSmart First Advantage $375,000
Listed by HomeSmart First Advantage

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • 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: 12,402
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 1,170
  • Total Building Area: 1,634
  • Building Area: 1,634
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000285
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wharton Borough School District
  • Census Tract: 045100

Zoning

  • Zoning: R100

Geography

  • District: 39
  • Parcel: 39 02106-0000-00008
  • Block: 2106
  • Lot: 8
  • Municipality: WHARTON BORO
  • Latitude: 40.8927
  • Longitude: -74.5765

    Address

  • Full Address: 7 Newton Pl
  • Address - House Number: 7
  • Address - Street Name: Newton
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Wharton
  • Carrier Code: C002
  • 4-Digit Zip Code: 2417
  • Zip Code: 07885

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,022,152

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 498,722
  • High Value: 576,627
  • Low Value: 420,817

    Market Valuation

  • Market Total Value: $360,621
  • Market Land Value: $142,812
  • Market Improvement Value: $217,809

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $341,400
  • Assessed Land Value: $135,200
  • Assessed Improvements Value: $206,200

    Sales

  • Current Sale Contract Date: Mar 31, 1994
  • Current Sale Recording Date: Apr 11, 1994
  • 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 Wharton

Stats & Trends

Median Asking:

$490,000

Sale Price/ft²

$290

Below Asking

0.05%

Average Days on Market

70

Average Home Size

1388 ft²

Average Home Age

-

Currently For Sale

14 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rachel Mermelstein, HomeSmart First Advantage
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22423704
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 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 7 Newton Place built and last sold?
The property at 7 Newton Place was built in 1959 and last sold on Mar 31, 1994 for $133,000.
How much is this home worth?
The estimated value of the home located at 7 Newton Place is $380,203.
What are some comparable homes to 7 Newton Place?
There are currently no comparable homes to 7 Newton Place.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Morris Homes for Sale
Morris Houses for Sale
Morris Condos for Sale
Morris Townhouses for Sale
Morris Multifamily for Sale
Morris Land for Sale
Morris Commercial for Sale
Morris Homes with Basements
Nearby Cities
New York Homes for Sale
Jersey City Homes for Sale
Yonkers Homes for Sale
Newark Homes for Sale
Allentown Homes for Sale
Trenton Homes for Sale
Long Branch Homes for Sale
Sayreville Homes for Sale
Nearby Property Records
Morris County, NJ Property Records
Essex County, NJ Property Records
Union County, NJ Property Records
Warren County, NJ Property Records
Sussex County, NJ Property Records
Passaic County, NJ Property Records
Somerset County, NJ Property Records
Bergen County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Riverdale Real Estate
Forest Hills Real Estate
Nearby Counties
Manhattan Homes for Sale
Monmouth Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Middlesex Homes for Sale
Hempstead Homes for Sale
Essex Homes for Sale
Mercer Homes for Sale
Top Real Estate Agents
Top Agents in Morris
Top Agents in New York
Top Agents in Manhattan
Top Agents in Monmouth
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Middlesex
Top Agents in Hempstead