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Plainfield 07060
704 Carlton
$458,378*
● House - Off Market

704 Carlton

Plainfield City, NJ 07060
bedrooms
4 Beds
bathrooms
2 Baths
$390,000 - $476,000
Reference Base Price*
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Awesome 2.5-story Colonial with a wrap-around, covered front porch is vacant and ready to move in.  4 bedrooms and 2 baths, plus the attic is finished with 2 rooms!  The driveway is accessible in the rear off of East 7th Street. The property has been renovated throughout with newer windows, roof, and vinyl siding.  The kitchen and baths are also new, with granite counters. The floors have been refinished, and the interior has been freshly painted. The home has been renovated inside and out, so just pack your bags and move right in.  The rooms are large, and the home has lots of light. This is a desirable location and is convenient to major highways, train stations, and shopping. This Property qualifies for all types of financing and is vacant, immediately available and easy to show.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$732
HOA Dues
-
Year Built
1927

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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.

Price History

Date / Event Date Event Price
Jan 12, 2023 No longer available -
No longer available
Jan 11, 2023 Sold
Premium
Sold
Oct 12, 2022 In contract -
In contract
Sep 21, 2022 Price Decreased $433,000
↓ $18K (4%)
Price Decreased
Aug 23, 2022 Price Decreased $451,000
↓ $14K (3%)
Price Decreased
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,749
  • Lot Size Depth Feet: 2,020
  • Lot Size Frontage Feet: 940
  • Total Building Area: 1,701
  • Building Area: 1,701
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000178
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 1701 SQ FT

Neighborhood

  • School District Name: Plainfield City School District
  • Census Tract: 039200

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP 42
  • Account Number: 07897000
  • District: 12
  • Parcel: 12 00640-0000-00008
  • Block: 640
  • Lot: 8
  • Municipality: PLAINFIELD CITY
  • Latitude: 40.6217
  • Longitude: -74.4103

    Address

  • Full Address: 704 Carlton Ave
  • Address - House Number: 704
  • Address - Street Name: Carlton
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Plainfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1910
  • Zip Code: 07060

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,123,980

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 460,817
  • High Value: 559,302
  • Low Value: 362,331

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $47,000
  • Market Improvement Value: $83,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,000
  • Assessed Land Value: $47,000
  • Assessed Improvements Value: $83,000

    Sales

  • Current Sale Contract Date: Oct 17, 2022
  • Current Sale Recording Date: Jan 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 26244
  • Previous Sale Recording Date: Aug 24, 2016
  • Previous Sale Contract Date: Jul 19, 2016
  • Previous Sale Amount: $1,000
  • Previous Sale Document Type: 55
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 Plainfield

Stats & Trends

Median Asking:

$505,000

Sale Price/ft²

$311

Below Asking

0.02%

Average Days on Market

98

Average Home Size

1059 ft²

Average Home Age

7.9 years

Currently For Sale

105 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 1815 Front St, Scotch Plains Twp., 07076-1102

$4,295 /mo

  • 2 Beds
  • 2 Baths
  • 1,249 ft²
1815 Front St #321, Scotch Plains Twp., 07076-1102 Listing by AMBER LINSKY

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 704 Carlton Street built and last sold?
The property at 704 Carlton Street was built in 1927 and last sold on Oct 17, 2022 for $433,000.
How much is this home worth?
The estimated value of the home located at 704 Carlton Street is $437,330.
What are some comparable homes to 704 Carlton Street?
There are currently no comparable homes to 704 Carlton Street.
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