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Union 07083
981 Townley Avenue
Listed by: Mario Elizondo, [email protected], Coldwell Banker, Fort Lee, (201) 461-5000, Listing Courtesy of NJMLS
$735,000
● House - Off Market

981 Townley Avenue

Union, NJ 07083
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$4,584
Est. Monthly
2.82%
Cap Rate

About This Property

Step into this recently renovated home and embrace a spacious living room graced by a welcoming fireplace. The adjacent dining area is perfect for entertaining guests, and the versatile office/sunroom serves as an excellent space for both work and relaxation. The fully renovated kitchen, a dream for any chef, boasts modern appliances, ample storage, and generous quartz counter space.Upstairs, discover four roomy bedrooms ensuring plenty of space for everyone.   Additionally, this residence features a finished attic and a finished basement, providing even more versatile living space. The beautiful backyard on an oversized lot sets the stage for delightful summer barbecues. Its convenient location near transportation, shopping areas, and schools makes this property a perfect blend of comfort and accessibility.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$975
HOA Dues
-
Year Built
1929

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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: 3 years ago (NJMLS #23038266)

Price History

Date / Event Date Event Price
Apr 19, 2024 Sold
Premium
Sold
Dec 30, 2023 Listed by Coldwell Banker, Fort Lee $749,999
Listed by Coldwell Banker, Fort Lee
Apr 12, 2023 Sold
Premium
Sold
Feb 15, 2023 In contract -
In contract
Dec 15, 2021 No longer available -
No longer available
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,004
  • Building Area: 2,004
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,004
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Union Township School District
  • Census Tract: 033400

Geography

  • District: 19
  • Parcel: 19 01302-0000-00003
  • Block: 1302
  • Lot: 3
  • Municipality: UNION TWP
  • Latitude: 40.6873
  • Longitude: -74.2447

    Address

  • Full Address: 981 Townley Ave
  • Address - House Number: 981
  • Address - Street Name: Townley
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Union
  • Carrier Code: C017
  • 4-Digit Zip Code: 7562
  • Zip Code: 07083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,167,959

    Appraisal Valuation

  • Standard Deviation: 0.0971
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 749,939
  • High Value: 822,797
  • Low Value: 677,082

    Market Valuation

  • Market Total Value: $53,900
  • Market Land Value: $20,700
  • Market Improvement Value: $33,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,900
  • Assessed Land Value: $20,700
  • Assessed Improvements Value: $33,200

    Sales

  • Current Sale Contract Date: Mar 09, 2023
  • Current Sale Recording Date: Apr 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 28065
  • Previous Sale Recording Date: May 20, 2022
  • Previous Sale Contract Date: May 10, 2022
  • Previous Sale Amount: $291,169
  • 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 Union

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$351

Below Asking

0.01%

Average Days on Market

70

Average Home Size

673 ft²

Average Home Age

-

Currently For Sale

897 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 224 Colonial Avenue, Union, NJ, 07083

$2,800 /mo

  • 2 Beds
  • 1 Bath
224 Colonial Avenue #2NDFLOOR, Union, NJ, 07083 Listing by Dorota Lawniczuk

Rentals Near You

Click here to view more rentals in the neighborhood.
New Jersey Multiple Listing Service,Inc

Listed by: Mario Elizondo
Coldwell Banker, Fort Lee
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 23038266
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.
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.

Frequently Asked Questions

When was property at 981 Townley Avenue built and last sold?
The property at 981 Townley Avenue was built in 1929 and last sold on Mar 9, 2023 for $384,900.
How much is this home worth?
The estimated value of the home located at 981 Townley Avenue is $757,499.
What are some comparable homes to 981 Townley Avenue?
There are currently no comparable homes to 981 Townley Avenue.
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