120 Peapack Rd Far Hills, NJ 07931
Estimated payment $3,364/month
Highlights
- 0.36 Acre Lot
- Level Lot
- Storage Shed
- Bedwell Elementary School Rated A
About This Home
**Multiple offers received** AR* in progressTurn-key duplex opportunity in coveted Far Hills. Set back from the road, this 2 family ranch features mirrored 2BR/1BA layouts, each with kitchen, living room, & dedicated laundry room. Current occupants are month-to-month, long-term renters giving investors flexibility to hold for income or renovate for upside. Single-level footprint simplifies updates. Radiant heat & electric utilities support predictable operating costs; landlord currently pays water & garbage. Each residence enjoys private front & rear entries for privacy & convenience. Out back, a private yard with a large storage shed adds outdoor utility for bikes, tools, & seasonal items. The location is exceptional: tucked away for quiet living yet close to transit, shopping, parks, employment hubs, & major corridors. The setting's green, set-back approach enhances curb appeal & tenant retention, while the ranch style keeps maintenance practical. Whether you continue renting or pursue a full value-add renovation, the fundamentals here are strong.* Legal two-family ranch with twin 2BR/1BA floor plans* Kitchen, living room & in-unit laundry in each residence* Month-to-month, long-term tenants* Radiant heat; all-electric utilities; landlord pays water & garbage* Private front & rear entries for each unit* Private backyard with large storage shed* Set back from the road in a premier
Listing Agent
LINDA OKUPSKI
KELLER WILLIAMS REAL ESTATE Brokerage Phone: 973-202-2770 Listed on: 09/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,431
Year Built
- Built in 1967
Lot Details
- 0.36 Acre Lot
- Level Lot
Parking
- 4 Parking Spaces
Home Design
- Slab Foundation
- Clapboard
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Storage Shed
Schools
- Bernardsville High School
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Window Unit Cooling System
- Multiple Heating Units
- Standard Electricity
- Electric Water Heater
Community Details
- 1,950 Sq Ft Building
Listing and Financial Details
- Assessor Parcel Number 2707-00007-0000-00005-0001-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,432 | $458,900 | $256,500 | $202,400 |
| 2024 | $5,432 | $424,700 | $234,900 | $189,800 |
| 2023 | $5,185 | $393,100 | $213,100 | $180,000 |
| 2022 | $5,060 | $381,300 | $206,900 | $174,400 |
| 2021 | $4,996 | $372,100 | $201,800 | $170,300 |
| 2020 | $5,082 | $374,500 | $201,800 | $172,700 |
| 2019 | $5,034 | $371,000 | $195,900 | $175,100 |
| 2018 | $4,927 | $366,600 | $192,100 | $174,500 |
| 2017 | $4,693 | $358,800 | $179,400 | $179,400 |
| 2016 | $4,570 | $351,500 | $172,600 | $178,900 |
| 2015 | $4,540 | $349,500 | $172,600 | $176,900 |
| 2014 | $4,464 | $342,600 | $170,800 | $171,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | Pending | -- | -- | -- |
| 09/28/2025 09/28/25 | For Sale | $549,000 | -- | $282 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $316,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $237,000 | No Value Available |
Source: Garden State MLS
MLS Number: 3988511
APN: 07-00007-0000-00005-01
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